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Port Malabar

Madden Av and Kimberly Rd SW

29-36-35-KS-02554.0-0031.00

2554

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Welcome to Palm Bay Florida

Florida's best kept secret on the Space Coast is the largest city in Brevard County. But Palm Bay's cover as a quiet, unassuming suburban community astride Interstate I 95 is about to be blown. Only 30% built out, this suburban city is actively seeking clean, high tech industries to complement its highly skilled, stable workforce Located just five miles south of Melbourne/Palm Bay International Airport, Palm Bay is midway either way. Orlando and its resorts are an hour to the west via US 192/441. In a state that has the nations' oldest city, but itself is barely 155 years old, Palm Bay is very young. The city was planned in the late 1950s and incorporated in 1960. The 6th largest incorporated area in Florida with 65 square miles, Palm Bay's 85,600 residents make it 19th in population. Planning officials are working toward a future population level of 250,000.

Mayor Ed Geier says, "The demographics are perfect for economic stability. One third of our citizens are below the age of 18, one third are working age, and one third are retirement age. We have a dependable current work force, a guaranteed up and coming labor supply, and retirees who make a great stabilizing balance." Housing demand reflects the community's stability; 90 of dwelling permits issued since 1990 were single family units. Palm Bay's family orientation extends to its leisure side. There is a community center, 14 community parks, a nature center and easy daytrip access to central Florida's famous entertainment resorts. A family's interest in education is rewarded in Palm Bay, too.

The public school system is graded above average for Florida, and numerous higher education opportunities exist, beginning with Brevard Community College's Palm Bay Campus (BCC-PB), Florida Tech, and the University of Central Florida, which shares facilities with BCC PB. Assessing their labor force, land and current industry mix assets, the city's leaders are proactively planning for business growth they know will come. Bill Wilson, board chair of the Palm Bay Area Chamber of Commerce notes that national food, drug, office supply and fast food chains have discovered Palm Bay. Mayor Geier goes on to say, "The handwriting is on the wall. We've seen lots of spin off businesses in the service sector do very well. The businesses that are expanding here know major industrial businesses are going to come to Palm Bay once they find out about us.

The city recently launched a sophisticated and aggressive economic development program with the Economic Development Commission of Florida's Space Coast and Brevard County as partners. Business incentives include all that the state of Florida has to offer plus Brevard County incentives, and in keeping an eye on its growth horizon, the city has 325 acres available for industrial development; 1,100 more area zoned commercial.

The newly created Bay front Redevelopment District offers a 25-year vision to develop the area with additional recreational opportunities attractive to visitors, families and businesses. This mixed-use environment will include residential subdivisions, an industrial park, public open spaces, and a network of trails, a Tourist Welcome Center, and the designation of U.S. Route I along the Indian River Lagoon as a Florida Scenic Highway.

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