Sebastian Inlet generates $1.1 billion annually to the regional economy, according to a new study completed by the Balmoral Group, an economic consulting firm based in Winter Park.
The study reveals that Sebastian Inlet supports $536 million in value added impacts and 9,000 jobs throughout Brevard and Indian River Counties. In addition, the Sebastian inlet supports $6.5 Million in property value impacts annually.
The Balmoral Group also estimated the total annual economic benefit (spending by recreational boaters and tourists, proximity effects of the Sebastian Inlet on real estate, spending by specialized sectors, and seagrasses) of $1.1 Billion.
Click the links below to access the entire 2023 report and a graphic representation of the analyses:2023 Economic Impact analysis of the Sebastian Inlet DistrictGraphic representation of Economic Benefits of Sebastian Inlet
Posted on October 13, 2023