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Florida's Space Coast: One Small Step for Your Giant Leap

By Kymberly Franklin posted 01-13-2022 15:37


EDC Update Space Coast

Thanks to the hard work of the Space Coast EDC this past year, the Space Coast continued to rise in national rankings of economic significance. The Palm Bay–Melbourne–Titusville Metropolitan Statistical Area (MSA) rocketed to the second spot on the Milken Institute’s Best-Performing Cities list and ranked as the 18th best place to live in the Unites States by U.S. News & World Report.

The diversification of our industrial base gained momentum with the announcement of groundbreaking new projects highlighted by Terran Orbital’s decision to bring a $300million headquarters and satellite factory – the largest in the world – to the Space Coast. The project is projected to create approximately 2,100 new jobs with an estimated annual average wage of $84,000.

Visit the Space Coast Economic Development Commission Site Here

milken institute

The Milken Institute’s Best-Performing Cities index tracks the economic performance of approximately 400 US metropolitan statistical areas (MSA). It uses an outcomes-based set of metrics—including job creation, wage gains, and high-tech GDP growth—to evaluate the performance of these cities relative to one another.

Cities drive economic growth nationwide. They are the primary locations where businesses create new jobs and workers earn higher wages, keeping the United States competitive in the global economy. However, metro areas are also incredibly diverse. Each has unique characteristics generated through a combination of investment and policy choices that influence the community’s economic outcomes.

Read Milken Institute Best Performing Cities 2021 Report & Learn More Here

FL Welcome

10 Markets Called ‘Hidden Gems’ for Real Estate in 2022

December 15, 2021

Many of the housing markets to watch in the new year are located in the South, says the National Association of REALTORS®, which released its top picks for the markets that likely will see some of the strongest price appreciation in 2022—the “hidden gems,” as the association says.

NAR released its top 10 list during its third annual year-end Real Estate Forecast Summit on Wednesday, where economists weighed in on the trajectory for the 2022 housing market.

“The housing sector performed spectacularly in 2021 in many markets, with huge gains achieved in places like Austin, Boise, and Naples,” says Lawrence Yun, NAR’s chief economist. “Several markets did reasonably well in 2021, but not as strong as the underlying fundamentals suggested. Therefore, in 2022, these ‘hidden gem’ markets have more room for growth.”

The top 10 markets topping NAR’s “hidden gem” list for 2022 are:

  • Dallas-Fort Worth, Texas

  • Daphne-Fairhope-Farley, Ala.

  • Huntsville, Ala.

  • Knoxville, Tenn.

  • Palm Bay-Melbourne-Titusville, Fla.

  • Pensacola-Ferry Bass-Brent, Fla.

  • San Antonio-New Braunfels, Texas

  • Spartanburg, S.C.

  • Tucson, Ariz.

Read NAR Article Here