Helping to Build and Strengthen the Economy of Brevard County, Florida
About the Zone
The North Brevard Economic Development Zone is a special dependent district, created by the local governments of Brevard County (Florida) and the City of Titusville as a tool for stimulating business development in the northern area of the county. This area, which is home to NASA's Kennedy Space Center and the U.S. Air Force's Cape Canaveral Air Force Station, was adversely impacted in 2011 by the termination of NASA's Space Shuttle program. To counter this impact, the Zone was created that same year with a tax increment financing mechanism to facilitate job growth and new capital investment in the area.
Based upon the number of new jobs and the amount of capital investment that the Zone - in concert with its economic development partners within the county and at the state level - has helped to induce, it was recognized in 2017 with the Bronze Award by the International Economic Development Council (IEDC) for the best "Multi-Year Economic Development Program" in the country.
In 2019, the Zone and the City of Titusville were recognized by the Southern Economic Development Council (SEDC) - the oldest and largest regional economic development association in North America - as the winner of the SEDC's annual Community Economic Development (CEDA) Award, in the category of cities between 40,000 and 100,000 in population.
A Local Economy Built on Aerospace
Beginning in the 1950s with the creation of the U.S. National Aeronautics and Space Administration (NASA) and the establishment of Kennedy Space Center, the northern Brevard area has relied primarily upon the aerospace industry to provide the foundation for the local economy. While other industry sectors exist in the area - such as marine and fishing, advanced manufacturing, logistics, and tourism - a greater diversification of the local economy is needed to minimize downturns in the business cycle.
With this challenge in mind, the charge of the Zone is to work with its local and state economic development partners to facilitate economic development through targeted investments that directly and demonstrably result in the creation and/or retention of quality employment, thereby increasing overall employment in northern Brevard County, aiding in the long-term expansion of the tax base, and diversifying the local economy.
By undertaking these economic development activities, and with continuing advocacy for improving the foundation required to make the region more competitive, it is the Zone's ultimate intent to increase economic opportunities for the residents of Brevard County.
To understand how the Zone operates, review the organization's Economic Development Plan, which outlines the programs offered by the Zone to assist in the area's economic development. Download a copy here.
To view copies of recorded minutes from recent Zone board of directors' meetings, visit the website of the Brevard County Clerk of Courts here.
For statistical information on the area, including a sample of available industrial buildings and property, visit www.NorthBrevard.biz.
COVID-19 Information and Resources
If your north Brevard County business has been impacted adversely by the COVID-19 pandemic, please schedule an online meeting with the North Brevard Economic Development Zone (NBEDZ) staff (by clicking HERE) to determine what programs and assistance might be available.
For a listing of federal and state programs and resources available to businesses during the COVID-19 crisis, visit the website of the U.S. Department of the Treasure, by clicking HERE:
Got A Question?
Give us a call or drop us a line:
Troy Post, CEcD, CBE