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Business in Brevard County

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Though Brevard County enjoys a mixed business environment and is home to a variety of businesses both large and small, the Kennedy Space Center and its space program provides for a large impact on the area’s economy.

While some just think of NASA when it comes to the space program, the reality is that it is a venture of a number of companies. Firms such as Boeing, Lockheed Martin, Northrop Grumman and Astrotech are all contracted companies that play a major role in creating and implementing many aspects of the space program.

What’s more, space tourism has become a significant part of life in the area, with many companies, such as Zero-Gravity and Space Adventures, taking advantage of one of the biggest tourist attractions in central Florida.

NASA

Each launch brings in approximately 200,000 tourists and stimulates the economy with an additional $12 million. The Space Coast Office of Tourism estimates that 8,100 overnight guests spend $3.5 million over 3.5 days on accommodations, dining, souvenirs and other products and services; 150,000 venture into the area for a day, spending approximately $7.2 million; and nearly 42,000 local residents spend $1.3 million.

The Kennedy Space Center is the largest employer in Brevard County, with around 15,000 workers. The county is also home to an extremely eclectic business climate, attracting a variety of companies from all over. Its great location near a wealth of major roadways, the Florida East Coast Railway, Port Canaveral and Melbourne International Airport, as well as its appealing year-round climate have continuously brought in more and more businesses looking to relocate.

Kirby Corp. Center

Hailing as one of the country’s fastest growing regions, Brevard County boasts a strong, well-educated and highly skilled workforce of 261,417. The county’s unemployment population is 8,553, bringing the unemployment rate down to an impressive 3.3 percent – well below the national unemployment rate of 4.8 percent.

Over the past couple years, Brevard County has been the recipient of many acclaimed recognitions: Inc. Magazine acknowledged the county as the top place in Florida and the number six place to do business in the nation in 2005; 2005 also brought about a ranking of 27th in job growth out of 150 metropolitan areas in the U.S. by Forbes; and the American Electronics Association and NASDAQ recognized the county as eighth in the country for concentration of high-tech professions.

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