Economy in Bay County, Florida is a multifaceted mix of industries, including agriculture, forestry, fishing, hunting, mining, oil and gas extraction, and construction. According to QuickFacts, these sectors make up a combined 8.4% of the county's total economic output. Becca Hardin, president of the Bay County Economic Development Alliance (EDA), is confident about the future of the local economy and anticipates bringing at least two more companies to the area this year. The EDA works with strategic partners in Bay County, Northwest Florida, and the State of Florida to create a business environment that encourages economic growth and job creation.
However, there are worries about the lack of places to shop in Bay County. To address this issue, a portion of the House Share the Future Fund has been allocated to market Bay County to commercial developers, tenant representatives, and retailers. The EDA also collaborates with Greater Northwest Florida and Enterprise Florida to make sure that Bay County is competitive in terms of business opportunities. To this end, NextSite has been enlisted to provide thematic maps, aerial photographs, asset maps, and personalized retail research reports as part of a marketing package.
While unemployment figures for December won't be available for another week, previous reports indicate that Bay County had an unemployment rate of 3.4% in November. This is lower than the national average and implies that the local economy is doing well. In conclusion, Bay County's economy is diverse and expanding. The EDA is working hard to guarantee that it remains competitive in terms of business opportunities and that local residents have access to more shopping destinations.