Vero Beach’s Piper Aircraft Could have a banner year.
While industry analysts are anticipating minimal growth in Florida manufacturing in 2008, two segments — aviation and biosciences — are expecting banner years.
(PressMethod) - Per an article in Florida Trend magazine, Because of aging aircraft worldwide, demand for new planes and refurbishing both commercial and private jets is robust, says Greg Powell, director of investor relations for Wellington-based B/E Aerospace, a maker of cabin interior products for airlines, aircraft manufacturers and business jet owners.
» "Now that the dollar is moving back to its historical levels, we expect to see a vigorous expansion in manufacturing."
— Hank Cox, vice president of communications, National Association of Manufacturers
Vero Beach’s Piper Aircraft should benefit from the trend as well. Late last year, Indian River County commissioners signed off on $16 million in incentives — along with $20 million from the state — to keep the aircraft maker from moving.
Powell says several factors are driving the aviation market, including increased demand for private aircraft, an aging fleet of commercial carriers, more airline passengers and international orders.
Vero Beach Fl, May 28th , 2008. Vero Beach Realtor Karen Burke remarked, This is good news for our area. The Airline Industry is seeing increased demand from the world market, due to the dollar value, which of course breaks down to more money coming into the local economy and a spinoff to smaller local vendors as well.
When asked how this affects area Real Estate-Karen remarked. Money coming in-means more jobs and that means more housing needs. That combined with the great deals out there will definitely help.
About Karen Burke
Karen is a Top producing Real Estate agent in Vero Beach and the owner of the Vero Beach Florida Real Estate website www.yourverobeachagent.com
CONTACT INFORMATION
Karen Burke
Coldwell Banker Ed Schlitt
Email Us
772-532-8896
http://www.yourverobeachagent.com
Comments (0)Subscribe to CommentsComment