Latest Information & Events

On the Economic Scene

BUSINESS DEVELOPMENT LOANS & CREDIT REPAIR WORKSHOP – The African American Entrepreneur Association will sponsor a free workshop on business development loans and credit repair from 6 to 9 p.m. Thursday, Aug. 22, on the campus of Daytona State College, 1200 W. International Speedway Blvd., Building 140, Room 206. This is a unique opportunity to learn about loans for business development and operational costs. The workshop will be jointly led by Valarie Green of the Florida Business Development Corporation’s SBA Community Advantage small business loan program and Darris Bembry of Credit Repair. Bembry will discuss the credit repair needed to ensure business loan qualification. Refreshments will be provided. For information, call 386-234-2014 or email info@aaeassociation.org.

SCORE LIVE WEBINAR: END THE YEAR IN GOOD LEGAL STANDING – Businesses that operate as corporations and LLCs are subject to internal and external compliance requirements. It's important to set some time aside in the fall to revisit the status of your business and ensure you are in good standing with the state. In this one-hour webinar, Nellie Akalp, founder and CEO of CorpNet.com, will explain critical compliance requirements and other necessary legal matters that require attention before 2019 comes to a close. Information will also be presented on the consequences of a corporation or LLC falling into bad standing with their state. The webinar will begin at 1 p.m. Tuesday, Aug. 27. To register, go to https://tinyurl.com/y6dwr75v.

CODE REDTM EMERGENCY TELEPHONE NOTIFICATION SYSTEM – Did you know you can be notified by your local emergency response team in the event of emergency situations or critical community alerts? Examples include evacuation notices, bioterrorism alerts, boil water notices and missing child reports. If you have a cellphone or unlisted telephone number, you are not in the database and will not receive emergency messages without signing up at https://tinyurl.com/y6pdvb5u. Additional information is available online at https://tinyurl.com/yavf2p7h or by calling Volusia County Emergency Management at 386-258-4088.

ACADEMY OF PUBLIC SERVICE PROFESSIONS AND CAREERS – The academy at Mainland High School focuses on preparing students for public service through various professional careers such as firefighting, law enforcement, education, fish and wildlife, and the military. The academy’s Military Division features the Air Force JROTC program. Opportunities exist for dual enrollment and vocational certifications. For more information, contact Career Academy Facilitator Dan Lundy at djlundy@volusia.k12.fl.us.

U.S. DEPARTMENT OF COMMERCE STUDY ON ECONOMIC BENEFITS OF GPS – On June 6, RTI International released a comprehensive study of the economic benefits of the U.S. Global Positioning System (GPS). The study, commissioned by the Commerce Department’s National Institute of Standards and Technology, estimates that GPS generated $1.4 trillion in U.S. economic benefits since the system became available in the 1980s. The study also presents an analysis of the potential economic damages from a 30-day GPS outage. Though uncommon, a GPS outage was found to potentially have an economic impact of $1 billion a day. The study found that economic impacts vary according to industry, time of year and point in the outage cycle. To date, GPS outages have lasted less than one day.

NATIONAL AVIATION WEEK – Coinciding with National Aviation Day on Aug. 19, which celebrates the birthday of Orville Wright, National Aviation Week commemorates the achievements that have taken humankind into the great blue yonder and beyond. Orville made the first flight for 12 seconds and 120 feet just south of Kitty Hawk, North Carolina, on Dec. 17, 1903. He and his brother Wilbur are given credit for building the world’s first successful airplane with aircraft controls that enabled them to steer the plane. In Volusia County, aviation’s remarkable growth in the 20th century is evidenced in part by the operations of several general aviation airports in cities throughout the county. It is also evidenced by the modern day operations of Daytona Beach International Airport (DAB) and Embry-Riddle Aeronautical University. Both entities have strategically evolved into globally linked operations furthering the aviation/aerospace landscape and attracting business investment into the Volusia County economy.

DAYTONA BEACH INTERNATIONAL AIRPORT WINS FDOT PROJECT OF THE YEAR – The Daytona Beach International Airport was awarded the Florida Department of Transportation (FDOT) 2019 Commercial Service Airport Project of the Year for its Aircraft Rescue and Firefighting (ARFF) Station. The state-of-the-art facility was designed with rapid response in mind, arming first responders with the tools needed to operate swiftly and efficiently. “The airport team is proud to be recognized for such a prestigious award. The project represents successful partnerships and collaboration among FDOT, the Federal Aviation Administration, county staff and the airport team,” said Karen Feaster, deputy airport director. DAB is the fourth busiest airfield in Florida, and with exponential growth in flight traffic, the new ARFF station has positioned DAB to exceed the requirements for safety, fire protection and emergency response. For airport information, visit www.flydaytonafirst.com.

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.

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.

In 2017, 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.