A Two-Word Definition

April 30, 2014

At the urging of a close and trusted technology mentor - my 14-year old son - I decided to start blogging, an activity which sounds violent but is, in actuality, a great way to express one's thoughts via writing.  Since my thoughts are few, the creation of a "blog" limited to just 500 words seemed the perfect vehicle for sharing my observations on the economy of North Brevard, and on the often exotic and dangerous world of economic development.  Or was that the world of Formula One racing?  Well, whatever. Let it begin.   

 

So, just what is economic development?  It's a question I get asked frequently, along with "didn't you see that Stop sign?"  Essentially, economic development is about creating wealth, both individually (for an entrepreneur) and aggregately (for a community).  It's not necessarily about creating jobs, but that is often the outcome of a business venture that succeeds in creating wealth.  In order to reach that benchmark, a business enterprise needs resources, which includes people, capital, and technology.  If, based upon the application of those resources, the enterprise can deliver a good or service that results in revenue exceeding costs, the differential will be wealth.  And wealth is what helps to build roads, fund schools, and maintain public beaches, to name just a few benefits.

 

Most communities seek enterprises that will create wealth, and that's certainly the case with North Brevard.  But where we differ are the unique tools we have to bring your project to fruition.  So if you have a business that is considering expanding or re-locating, we'd like to talk to you about creating wealth.  Or perhaps the world of Formula One racing.  

 

See you next time!

 

 

 

 

 

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Questions about incentives for locating or starting a business in North Brevard? 

Created in July 2011 by the Brevard County (Florida) Board of Commissioners, the North Brevard Economic Development Zone (NBEDZ) or "Zone," is a special dependent district under Florida Statute, Chapters 125 and 189.  The Zone was formed with the goal of facilitating job growth and economic development in the northern part of Brevard County following the end of NASA's Space Shuttle program.  In that regard, the Zone seeks to provide financial assistance to businesses prepared to make a substantial capital investment in the area and create a significant number of new jobs. 

 

The Zone's Economic Development Plan, containing the eligibility criteria for program participation, is available @

 

www.NBEDZ.com

About the NBEDZ (the "Zone")

 

The Zone is a proud member of:

 

International Economic Development Council (IEDC)

 

Southern Economic Development Council (SEDC)

 

International Council of Shopping Centers (ICSC)

 

National Association of Business Economists (NABE)

 

 

Staff Contact:

 

Troy Post, CEcD, CBE  

321-960-1458

 

 

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