Commercial
Eastpoint, located in the heart of Florida's Forgotten Coast, is a tight-knit community with a population of around 2,500. The town's economy, steeped in history and local culture, revolves mainly around the seafood industry and tourism. Adding to its unique and vibrant economic landscape, Eastpoint is part of a federally designated Opportunity Zone, which provides tax incentives for investments and opens up new avenues for economic growth and development.
Opportunity Zone
Eastpoint's designation as an Opportunity Zone offers unique opportunities for investors. This federal program provides tax benefits for individuals and businesses who invest in these zones, encouraging economic development and job creation. This designation can attract businesses and investors to Eastpoint, spurring economic growth and adding to the town's economic diversity. Learn more about Opportunity Zones.
Business Environment
Eastpoint provides a nurturing environment for both established businesses and startups. The town appreciates its local entrepreneurs. The Opportunity Zone status fosters innovation and growth while preserving the town's rich traditions.
Workforce
The workforce in Eastpoint is characterized by its resilience and dedication. Residents here are skilled in a range of areas, from traditional fishing techniques to modern hospitality and retail services. This strong sense of community translates into a loyal workforce that supports local businesses.
Infrastructure
Eastpoint is conveniently accessible via Highway 98 and Highway 67. Eastpoint provides water and sewer utilities. Financial institutions include Centennial Bank and Emerald Coast Bank. Internet and phone services are provided by Consolidated Communications and MediaCom. The United States Postal Service maintains a branch office. Eastpoint is also home to a variety of professional services that offer support to local businesses. This includes attorneys, insurance agencies, certified public accountants (CPAs), and more, providing a comprehensive network of resources for businesses at every stage of growth.
In summary, Eastpoint, Florida, presents a balanced and diverse economy that leverages its rich natural resources, strategic location, and a committed workforce. The town's designation as an Opportunity Zone creates further potential for economic growth and development. Eastpoint is a place where traditional values are harmoniously integrated with modern economic strategies, resulting in a promising and sustainable future.
Key Industries
Tourism
With its stunning natural beauty, coastal charm, and rich cultural heritage, tourism is a significant economic sector in Eastpoint. Franklin County's pristine beaches, historic sites, local festivals, and diverse outdoor activities attract visitors from around the globe. This sector provides various job opportunities, especially in the hospitality and food services sectors.