Manufacturing is a vital part of the economy in Southeast Volusia. As a coalition dedicated to supporting this critical industry, the Southeast Volusia Manufacturing and Technology Coalition (SEVMTC) plays an important role in the continued growth and development of the region. In this blog post, we will explore the economic impact of manufacturing on Southeast Volusia and how SEVMTC is helping to drive progress.
Manufacturing employs a significant number of workers across Southeast Volusia. This represents a notable percentage of total employment in the region. The average annual wage for manufacturing jobs exceeds average wages across all industries by a wide margin. In addition to providing well-paying jobs, manufacturing also encourages investment and spurs innovation in Southeast Volusia.
Manufacturers contribute substantially to the local tax base, providing crucial revenue for schools, infrastructure, and public services. Studies have shown the total economic impact of manufacturing on Southeast Volusia’s economy to be sizable annually. This impact extends beyond direct contributions, as manufacturing supports local supply chains and increases consumer spending power in the region.
In summary, manufacturing is essential for:
Direct job creation
Higher-than-average wages
Tax revenue for public services
Driving innovation and investments
Supporting local supply chains
Given these immense benefits, supporting the vitality of local manufacturing is imperative for Southeast Volusia.
Founded in 2016, the SEVMTC works to boost manufacturing by fostering collaboration between industry, academia, and policymakers. With numerous organizational partners, we utilize our diverse network to provide manufacturers the assistance they need to start, grow, or move operations to Southeast Volusia.
Some key ways we strengthen the manufacturing ecosystem include:
Connecting manufacturers to skilled workers is a top priority. We work closely with educational institutions to customize training programs aligned with industry needs. Many individuals have obtained job-ready skills and certifications through our training initiatives so far.
By facilitating partnerships between manufacturers and academic researchers, we help companies integrate new technologies and processes. This promotes innovation critical for manufacturers to increase productivity and profitability.
We work closely with local governments to enhance infrastructure such as roads, energy, and broadband internet access. Modern infrastructure helps attract manufacturers and enables expansion projects.
From assistance with navigating regulations to exploring financing options, we offer customized business consulting services to manufacturers looking to establish or expand operations in the region.
Through marketing campaigns, site selector outreach, and hosting industry tours, we promote Southeast Volusia as a premier location for manufacturing facilities.
Since 2016, the efforts of SEVMTC and partners have contributed to considerable local manufacturing investments. We have also directly assisted many manufacturers to add or retain a significant number of high-paying jobs.
Several manufacturing sectors serve as major economic engines currently powering Southeast Volusia’s economy:
With the presence of an aeronautical university and proximity to NASA facilities, Southeast Volusia is emerging as a hub for the aviation and aerospace industry. SEVMTC partners to attract aerospace companies to launch commercial space operations nearby. We also work with manufacturers supporting airplane production and maintenance.
Southeast Volusia has a fast-growing cluster of medical device and health technology manufacturers. Major companies have significant operations in the region developing life-saving devices and technologies. We partner with these companies to upgrade facilities and provide a steady supply of specialized talent.
With a booming construction sector nearby, several building material manufacturers have invested in production facilities in Southeast Volusia. Our coalition assists these companies in securing sites for new plants and managing expansions.
As Southeast Volusia’s manufacturing base continues expanding, our coalition plays an integral role in this growth. By building partnerships, providing support programs, and ensuring conditions allow the manufacturing sector to thrive, SEVMTC will help maximize economic prosperity in the region for years to come.
We welcome all stakeholders - manufacturers, academic institutions, government agencies, and economic development groups - to join us in our efforts. Together, we can ensure manufacturing continues to drive job creation, innovation, and economic strength for Southeast Volusia.