April 24, 2014

Economic Yearbook 2007

SPACE COAST: Preparing for Change

A shift from the Shuttle.

Barbara Miracle | 4/1/2007

"We're looking at the workforce at Kennedy Space Center, the skill set that exists and what skills are needed for the new program."
-- Marcia Gaedcke, Titusville Area Chamber of Commerce

Palm Coast

? investment income
More than 34% of the income in Flagler County is generated from mutual funds, stocks and other investments.

COUNTY
Investment as
% of Income
Indian River
48.00%
Collier
47.3
Martin
44.8
Sarasota
38.3
Palm Beach
37.6
Monroe
36.5
Flagler
34.4
Source: Woods & Poole

RETAIL: "We've got a brisk economic outlook," says Ira Corliss, special projects manager for Palm Coast. ... Three major retail projects in the works: Palm Coast Town Center is a 1,557-acre, three-phase, mixed-use project that will include 2 million square feet of retail, 1.4 million square feet of office and 1.4 million square feet of non-retail commercial space. "It's moving along quite rapidly," says Corliss, noting that a Publix opened in late 2006 and a SuperTarget has been approved. Palm Coast Park, along U.S. 1, is in the planning stage and will include 1.5 million square feet of retail, 800,000 square feet of office and 800,000 square feet of industrial space in addition to 3,600 homes. Construction is under way on the third retail project, Cobblestone Village, which will include a Lowe's and Belk department store. ... Corliss is also focusing on attracting light industry to the rapidly growing Flagler County community. He's not particular about the type of industry, saying that software, computer design or back office operations are all possibilities.

Innovators

? Palm Coast Holdings' Dave Lusby is overseeing development of Palm Coast Town Center and Palm Coast Park, the community's first major mixed-use developments.

? In a move to attract more businesses, Flagler County set up an Industrial Development Authority last year. The IDA's focus will be setting up Industrial Development Revenue Bond programs.

? Enterprise Flagler Executive Director Tom Cooley runs the area's primary economic development outreach organization. He managed a recent $1-million fund-raising campaign designed to give the group a more substantial marketing budget.

? Palm Coast developed "Splash" the frog to teach children and adults about swales -- trenches that are used for stormwater runoff, often in front of residential property. The program includes "Save the Swales," a comic-coloring book that will be distributed at libraries and after-school programs.

Tags: Space Coast

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