Business Facilities Article Shines Spotlight on Florida's Economy
An article in the new issue of Business Facilities magazine starts by looking at Florida’s economic performance on the state level and drills down into a lesser known coastal region that is gaining popularity with U.S. manufacturing firms looking at relocation options in the Southeast.
Florida Continues to Outpace National Economic Trends is the headline of Kari Williams’ analysis in the new issue of Business Facilities magazine. This month’s issue is the Annual Awards issue and, not surprisingly, several Southeastern states received plenty of attention.
3 Million New Businesses Since 2019
In the Florida article, Williams notes a pro-business climate and mindset have helped Florida maintain an unemployment rate below the national average every month for three straight years.
She also interviews Florida Secretary of Commerce J. Alex Kelly who points to proactive policies at the state level which have encouraged business owners to launch 3 million new businesses in Florida sine 2019.
The governor’s approach is a constant focus on the key drivers of long-term workforce and economic readiness, a blueprint based on owning the results and being able to hedge against national trends, rather than waiting for empty promises from federal bureaucrats
Florida's Treasure Coast Luring More Manufacturing Businesses
The second half of the Business Facilities article drills deeper into a lesser know coastal region of Florida that is gaining the attention of more U.S. manufacturing firms given its high quality of life index and abundance of undeveloped land.
The Treasure Coast is a three county region conveniently located halfway between Orlando and Miami with Interstate 95, Florida’s Turnpike and the Florida East Coast rail line passing through all three counties.
Thousands of acres of former citrus groves await manufacturing firms looking to build a new facility in the three Treasure Coast counties: Indian River, St. Lucie and Martin.
The St. Lucie EDC has an interactive map on their website which showcases available land in the Treasure Coast for manufacturing firms considering relocation to the Sunshine State.
Manufacturing Firms Relocating to the Treasure Coast
The Business Facilities article and recent press releases give greater detail about U.S., Canadian and European manufacturing companies that have either relocated to or expanded their operations in the Treasure Coast in recent months.
Manufacturing Firms Relocating to Indian River County
- Medical device manufacturer Kessel Medical relocated from Atlanta to Vero Beach.
- Canadian manufacturer Marotech also opened a facility in Indian River County.
Manufacturing Firms Relocating to St. Lucie County
- A-1 Global Holdings, a leader in per-engineered building components just opened a 48,000-square-foot addition in Fort Pierce (Woodworking Network)
- Power sport boat manufacturer Twin Vee announced in November that it would move aquasport boat production to its Fort Pierce facility (Twin Vee)
- Connecticut-based, high-performance conductor manufacturer, Accel, recently completed a 150,000-square-foot facility in Port St. Lucie. (SME)
Industrial Expansion Opportunities in Martin County
The Martin County Business Development Board (BDB) website features a video of 4 industrial parcels in the county that are zoned industrial and permit-ready. (Martin Co. BDB)
Conclusion
Long considered a quiet, undeveloped corner of the Sunshine State, the Treasure Coast’s high quality of life, immediate access to key highway and rail infrastructure, and wide availability of industrial land are a great combination for U.S. and foreign manufacturing firms looking at regions for expansion or relocation.
Would you like to learn more? Consider reaching out to a CII advisor to explore manufacturing opportunities in the Treasure Coast or Florida in general. Together, we can chart a course for success that will maximize the value of your manufacturing business today and leave a lasting impact on your customers and your bottom line.