Florida’s Space Coast was hit hard during the 2008 economic recession; many of the area’s aerospace and defense companies laid off hundreds of skilled workers. Ten years later, the local economy is once again booming. With the return of aerospace jobs, and an influx of new tech and tourism companies entering the area, and an affordable housing market, some are even calling the Space Coast “The next Silicon Valley.”
High profile companies like Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin, among others, have put space exploration back in the national spotlight. As NASA announces new missions to the moon and begins to look to the future on Mars, new start-ups and old names alike are bringing high-paying aerospace jobs to Central Florida by the thousands in what’s been dubbed the new space race.
But aerospace isn’t the only sector that’s growing: the housing market is growing by leaps and bounds, and new construction in the area has more than double over the last 5 years. Port Canaveral, Cocoa Beach, and Melbourne are growing attractions for tourists with a wide variety of cruises, local shopping, art, and more, breaking records for visitors at any given time in Florida’s history.
Read more about the Space Coast’s economic boom in UPI’s article. If you are planning to visit the Space Coast and are in need of accommodations, give us a call at (321)-784-5046 or e-mail us at [email protected]! Relocating to area? We also do real estate!
The Port Canaveral board of commissioners recently agreed to approve a partnership with Sooner Investment & Collett to begin development of the Port’s Cove district. “The Cove area will include a mix of retailers, restaurants, service businesses, entertainment venues and a hotel.” (Florida Today) While the specifics of what businesses may open in The Cove are not yet finalized, Brevard County residents can expect to begin hearing announcements over the next few months as contracts and leases are signed prior to the end of the year. Officials expect many businesses to break ground in early 2016, and hope to see many developments opening as early as 2017 (Orlando Weekly). Additionally, the Port commissioners are considering the development of attractions within The Cove.
The development of The Cove is a part of Port Canaveral and Brevard County’s efforts to grow the local economy and encourage the continuing development of the space coast as an attractive destination for visitors and new families.
For more information, visit Florida Today’s article about the recent approval or the Orlando Weekly’s post about the planned developments. If you are planning to visit the Space Coast and are in need of accommodations, give us a call at (321)-784-5046 or e-mail us at [email protected]!
The Port Canaveral board of commissioners recently agreed to approve a partnership with Sooner Investment & Collett to begin development of the Port’s Cove district. “The Cove area will include a mix of retailers, restaurants, service businesses, entertainment venues and a hotel.” (Florida Today) While the specifics of what businesses may open in The Cove are not yet finalized, Brevard County residents can expect to begin hearing announcements over the next few months as contracts and leases are signed prior to the end of the year. Officials expect many businesses to break ground in early 2016, and hope to see many developments opening as early as 2017 (Orlando Weekly). Additionally, the Port commissioners are considering the development of