Bay County Economic Development Alliance sees bright future for the area
The Bay County Economic Development Alliance sees a growing future for Panama City.
At Wednesday morning's meeting, EDA officials say many corporations are interested in coming to the area.
They say these business could plan on making an appearance as early as the middle of summer.
But with the housing shortage, it's hard for some of the companies like MasterMind or Cobia to hit the ground running.
EDA officials say while companies build their new home, new homes will be built for their employees.
"Most of the new companies, whether they're international or domestic, they're gonna have to build a facility build a suit facility, which will take about a year or 18 months and that's perfect timing because there are so many developers in our community that are working on employee housing and by the time they get their factory built, we'll have plenty of employee housing to meet that need," said President of Bay County Economic Development Alliance Becca Hardin.
EDA officials believe in two years tops Bay County will look very financially stable.