Opportunities
Region is Rich in Aerospace/Defense Business
VentureCrossings is located in the heart of the aerospace/defense corridor between Tyndall and Eglin Air Force Bases, making it an ideal location for companies doing business with these industries. The missions, defense contracts and subcontracting opportunities as well as the workforce associated with the local military presence are key attractions. Several military installations – including the Naval Surface Warfare Center, Eglin Air Force Base, Hurlburt Field, Duke Field, Tyndall Air Force Base, Naval Air Station Whiting Field, Naval Air Station Pensacola – and hundreds of related vendors and suppliers are in the region. Nationally-recognized defense contractors. Well-trained workforce that includes military personnel, veterans and retirees.
Incentives
If you’re interested in relocating or expanding your business—VentureCrossings in Bay County, Florida, is the place to be. Workforce training, local and state incentives, cash contributions, tax exemptions and financing assistance may be available to your business. The Bay County Economic Development Alliance, in partnership with local and state agencies, is very aggressive in helping companies through custom incentive packages to relocate or expand to this business-friendly region.
Workforce
One of the greatest strengths of the region is the motivated, educated and highly-skilled workforce, experienced in the areas of manufacturing, technical, engineering and technology. Florida has one of the lowest unionization rates in the country. The Labor Shed has high specialization in several key occupations in the Aerospace, Defense, & National Security cluster. The region’s military presence plays an important role in delivering highly skilled employees from which to recruit.
Open for Business
Pro-Business Tax Structure.
Business-friendly government.
Florida offers limited corporate taxes.
Favorable state and local economic incentives and tax advantages.
Florida is a right-to-work state.
Educated and experienced workforce.
Florida has one of the lowest unionization rates in the country.
Competitive cost of doing business—land, labor, and capital are affordable.
No state personal income tax.
