Team Volusia Economic Development Corporation

Overview

Team Volusia Economic Development Corporation (TVEDC) is a public/private not-for-profit corporation founded in late 2010. Its primary mission is to market and recruit businesses from outside the area to Volusia County, Florida. As an autonomous entity, it plays a vital role in the county's economic development delivery system by partnering with state and county agencies, municipalities, chambers, and other resource partners to achieve county-wide economic development goals[1][2].

Mission and Activities

TVEDC focuses on strategic economic development activities and business recruitment initiatives. It assists business decision-makers with services such as site location assistance, labor market research, business intelligence, and facilitating community introductions to attract high-wage jobs and capital investment to the area[1][4]. The organization works closely with nearly 100 companies, organizations, and local governments that invest in it because they believe in targeted, strategic economic development for Volusia County[1][4].

Partnerships

Team Volusia collaborates with key partners including Volusia County Government, the CEO Business Alliance, CareerSource Flagler/Volusia, and area chambers of commerce. Its network extends nationally and internationally, identifying companies that fit within Volusia County's industry targets[1][5]. TVEDC also helps businesses navigate the process of applying for performance-based incentives[5].

Financial Support

The organization's programs and services are funded through contracts with Volusia County and its municipalities, as well as contributions from more than 75 private sector companies[1].

Contribution to the Community

TVEDC contributes to the economic prosperity of Volusia County by promoting a business-friendly environment. The region is home to major organizations such as NASCAR, Teledyne Oil & Gas, and others, benefiting from Volusia County's exceptional business climate and quality of life[4]. The organization's efforts are aligned with the broader goal of creating higher-value, higher-wage jobs and fostering sustainable economic growth within the community[3].