ECONOMIC DEVELOPMENT AT SEBASTIAN AIRPORT
The City of Sebastian has adopted an Economic Development Plan, much of which centers around the Sebastian Airport. There are tax incentives available from both City of Sebastian and Indian River County
The Airport has over 80 acres of land available for development of aviation and light industry related businesses.
At the present time the Sebastian Airport has improved sites, ready to build upon, available to construct hanger/manufacturing facilities subject to permitting process and City Council approval. Lease rates are available in the area of $2.00 per square foot for manufacturing/hanger space.
Airport Eastside showing Hangers A & B and Administration Facility
The Airport completed a project in March 2010 to add infrastructure to a major area on the east side of the Airport, adjacent to the LoPresti Aviation Hanger A.
The Sebastian Municipal Airport completed construction of Hanger B which was dedicated on October 8, 2011.
Work began in early 2015 on a complete renovation of the "eastside" entrance road to the airport. This project will include new sites for construction of buildings for small businesses. The Golf Course maintenance building location will be moved and a new building added. See map below of new eastside area. For information on eastside building sites, contact the Airport Manager.
In March 2014, The Sebastian City Council approved funds to commence design and construction for a new Hanger C. This 20,000 square foot hanger will be completed mid 2016. Space is available for lease in this new hanger.
Below is a drawing showing the areas available for new building construction and location of existing facilities. The new infrastructure includes access roads and taxiways, water, sewer, underground electric service, street lighting and telecommunications.
The Airport also completed, in the first quarter of 2012, installation of two wind turbines to generate electricity to supply power to exterior lighting for Hangers A and B. Surplus power will be sold to Florida Power and Light to reduce Airport electric costs.
Florida ranked the most attractive state for businesses in the aviation industry
In a report by PricewaterhouseCoopers LLP (PwC), Florida was ranked the "most attractive state in the nation for companies in the aviation business".
The factors used by PwC in making the determination were: cost (taxes, business climate, energy), workforce (available aerospace technicians, engineers, mechanics, education attainment) and the number of operating aerospace companies.
"Not surprisingly, the highest-ranked states, such as Florida, Texas and Washington, scored well across core variables, with relatively modest wages, well-trained and educated workforces and a relatively high number of aerospace companies," said PwC in its study.
Click here to see the results of the PwC study.
Call the Community Development Department at the City of Sebastian for more information on establishing your aerospace related company at the Sebastian Airport.
FAA "General Aviation Airports: A National Asset":
In May 2012, The Federal Aviation Administration (FAA) published a major document about General Aviation airports entitled "General Aviation Airports: A National Asset". The FAA states that the Report is, "A fresh look at the many roles General Aviation Airports play in the National Air Transport System.." This Report demonstrates the importance of a local airport and the high economic impact that a General Aviation Airport has on the local area. Click here to read the entire Report.
The Florida Department of Transportation (FDOT) has published its "Annual Economic Impact of General Aviation Airports". This report issued in August 2014 shows the Sebastian Municiopal Airport with total employment of 364, a total payroll of $12,234,000 and a total output of $45,165,000. To review the entire report with includes both commercial and general aviation economic impact in Florida, click here.
For more details regarding Sebastian Economic Development, click here to see our website that contains all the information you need to consider locating your business in Sebastian. This includes complete information on available tax/relocation incentives.
To find out more about locating your new facilities at the Sebastian Municipal Airport, call our Airport Manager, Frank Watanabe for more details. He can be reached at 772-388-8228, 772-321-7336 or e-mail: