The City of Palm Bay Economic Development and External Affairs Department (EDEA), along with several community partners and stakeholders, gathered at City Hall on Thursday, March 31st, 2016, to share some great news about Palm Bay’s economic recovery. The workshop featured presentations from representatives from companies such as Harris, the Florida Institute of Technology, the Space Coast Economic Development Commission, Space Coast Realtors, the Palm Bay Chamber, and others. Presenters touched on the community partnerships, evidence of the improved local economy, and future projects that will benefit the City of Palm Bay.
Workshop attendees and council members also heard from staff members of the EDEA Department, as well as other employees and departments. Economic Development Director Andy Anderson touched on new and future development projects, including the south I-95 interchange development, residential and commercial growth over the next 5 years, and other major projects currently in the works. The presentation also highlighted the nearly $900,000 in revenue brought to the city through the department’s efforts since Anderson came on with the city last year.
The essential functions of the EDEA Department include the recruitment of new businesses, identifying prospective opportunities, creating an entrepreneurial environment, and marketing the City of Palm Bay. Since the creation of the department in October, combined with the strengthening real-estate market, the city has benefited from a business development upswing.
The workshop lasted over four hours, as presenters demonstrated the “all hands on deck,” approach that the city has taken on economic development and growth. At the end of the evening, council members all agreed that the city is moving in the right direction and began discussions of what these upward trends will mean for Palm Bay in the future.