Palm Bay's Economic Future: A Community Workshop on August 22nd

Join the Palm Bay Economic Development Workshop on August 22

The City of Palm Bay is hosting a Community Workshop on August 22nd at 6:00 PM in the Palm Bay Council Chambers, focusing on the future of economic development in the city. This workshop is a chance for residents to hear from experts and share their thoughts on how to shape Palm Bay's future.

What to Expect:

The workshop will be led by the Economic Development Division of the City's Community & Economic Development Department. The team will provide a brief overview of the Division, including existing initiatives and incentive programs, as well as recommendations for additional incentives and inducements to further facilitate commercial/industrial growth in Palm Bay.

A Look at Success Stories: The workshop will also explore case studies from other communities around the country that have successfully redeveloped similar areas. These case studies will provide valuable insights into the challenges and opportunities associated with redeveloping large, undeveloped tracts of land.

A Focus on the Future: The workshop will highlight the City's Economic Development Strategic Plan, which outlines the vision for Palm Bay's economic future over the next five years. The plan includes seven key goals, including:

• Integrating residents into the City's civic life

• Increasing educational attainment

• Developing spaces that further economic development

• Using the City's natural assets to spur economic development

• Using the City's high technology sector to attract new talent, businesses, and investment

• Diversifying the City's economic base

• Strengthening the City's commercial corridors

An Update on the Compound?

While not the main focus of the workshop, the "Compound," a 2,321-acre area on the southwestern edge of Palm Bay that has been largely undeveloped for decades, will likely be a topic of discussion. It's been over a year since the City Council gave direction to develop the Compound, and an update on the progress made and future plans is overdue. The ECFRPC (East Central Florida Regional Planning Council) has conducted a comprehensive analysis of the Compound, identifying its strengths, weaknesses, opportunities, and threats. The workshop will touch on the findings of this analysis and discuss potential redevelopment strategies for this significant piece of land.

Why You Should Attend:

If you're a Palm Bay resident who cares about the future of your community, this workshop is a must-attend. It's an opportunity to learn about the City's plans for economic development, share your ideas, and get involved in shaping Palm Bay's future.

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