Latest Information & Events

On the Economic Scene

ACADEMY OF CULINARY DESIGN – The Academy at Seabreeze High School provides an in-depth experience of the Culinary and Hospitality industries. Through classroom labs, off-site volunteer opportunities, and local industry mentors, students gain valuable knowledge, experience, and insight into one of the fastest growing sectors of the economy. The academy uses the Florida Restaurant Association’s curriculum ProStart to provide industry standard training. Additionally, students have the opportunity to earn the ServSafe industry certification. For more information, email Academy Director Meaghan McCracken at memccrac@volusia.k12.fl.us.

COUNTY LABOR INFLOW/OUTFLOW DATA NOW ON FLORIDABUSINESS.ORG – Volusia County’s Division of Economic Development now provides a quick-access source for labor shed commuting patterns on its floridabusiness.org website. U.S. Census “On the Map” analyses of worker movement in Volusia County and each of its municipalities can be accessed simply by using the link http://www.floridabusiness.org/data/employment-inflow-outflow.stml. There, see the number of jobs in your community or how many workers commute in and out each day to support local and area businesses.

BEST STATES RANKING – A new Best States Ranking report from U.S. News & World Report measures outcomes for citizens nationwide. The report ranks health care, education, crime & corrections, infrastructure, opportunity, economy and government for all 50 states. The data behind these rankings was drawn from extensive and reliable governmental and private sources as well as proprietary data including a national survey of what matters most to citizens around the country. Massachusetts ranked #1 overall and Louisiana ranked #50. Florida ranked #24 overall and #7 in economy. For more information, visit https://tinyurl.com/hcym6ys.

U.S. POSTAL SERVICE PASSPORT FAIR – Looking to get a passport for the first time or renew an existing one? The U.S. Postal Service will host a passport fair from 7 a.m. to noon Saturday, Feb. 24, at the Daytona Beach Post Office, 500 Bill France Boulevard, Daytona Beach. Appointments are not required but customers are encouraged to show up early, as applicants will be served on a first-come, first-served basis until the applicant maximum capacity has been reached. Passport photos are available on site for $15. In advance of the fair, more information on application forms, fees and how to apply or renew a passport, can be found online at https://travel.state.gov/content/travel/en/passports.html.

VOLUSIA/FLAGLER MEDIAN HOME PRICE INCREASES – The National Association of Realtors reports that 92 percent of the nation’s real estate markets saw median home prices increase over the past year. Twenty six of those markets, including Volusia/Flagler, saw double-digit jumps. Strong demand has lifted Volusia/Flagler area median prices 10 percent over the previous year, and that’s good news for current homeowners. But potential Volusia/Flagler buyers can also celebrate--the median home price of $190,000 is 23 percent below the national average and 31 percent below the northeastern U.S. average.

CENSUS BUREAU CAPITAL EXPENDITURES SURVEY – The U.S. Census Bureau has released the Annual Capital Expenditures Survey report for 2016. The survey provides relevant and timely estimates of all non-farm business expenditures during the year for new and used structures and equipment. Overall, U.S. nonfarm businesses invested $1,575.7 billion in new and used structures and equipment, a decrease of $66.3 billion (4 percent) from the revised 2015 total of $1,642.0 billion. The report includes estimates by major industry based on the North American Industry Classification System (NAICS). Report details can be found at https://tinyurl.com/yb8hfmrj.

THE MILLENNIAL POPULATION BREAKDOWN – According to the Brookings Institution, a nonprofit public policy organization, the millennial generation-- over 75 million strong-- is America’s largest, eclipsing the current size of the post-war baby boom generation. Millennials make up nearly a quarter of the total U.S. population, 30 percent of the voting age population, and almost two-fifths of the working age population. More than a third of all millennials ages 25 to 34 achieved college educations by 2015, up from less than 30 percent for comparably aged young adults in 2000, and not quite a quarter for those in 1980. Their report also features an interactive map that breaks down the overall millennial population share for the nation’s 100 largest metropolitan areas. To access the report and map, visit https://www.brookings.edu/research/millennials/.

FLORIDA DIVISION OF CORPORATIONS-SUNBIZ – The division has a new and improved website for consumers and businesses. The streamlined site offers a more user-friendly format and continues to offer access for record and business searches, managing or changing existing business information, authentications, notaries, filing services, and other resources. Under the “What’s New” section, users will find a quick and easy reference guide to the new site. For more information, visit http://dos.myflorida.com/sunbiz/.

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What We Do

The Volusia County Division of Economic Development assists business owners and works collaboratively with local stakeholders. We provide assistance at no cost to businesses with the desire and potential for growth within Volusia County.

The Division can help start-ups, second-stage, or maturing businesses directly or refer owners to other qualified organizations. Our economic development ‘ecosystem’ is focused on creating higher value, higher wage jobs.

In 2016, Gross Domestic Product (GDP) of the Deltona-Daytona Beach-Ormond Beach MSA, which encompasses Volusia County, was $15 billion. Our rapidly growing economy, now in the top 40% of all MSA's nationally, is driven by thousands of local enterprises that produce a variety of goods and services, creating jobs and stimulating even greater investment. Area companies not only support local commerce but also transact business throughout the world generating up to $437 million in exports, annually.

While other community partners focus on recruiting new businesses to our county, the Economic Development Division assists existing Volusia County firms and entrepreneurs who are positioning themselves for new growth.  Incrementally growing the 13,935 established businesses already in our county offers the potential for significant economic growth and long term economic health.