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Community Growth

Community Growth

Crestview is growing and thriving like never before! We are growing at a rate of approximately 2.39 percent per year. We are considered one of the fastest-growing cities in Florida, and we have been nationally recognized as a top 20 metropolitan area with the highest rates of house appreciation. Over 313 permits have been issued for new homes and more than 20 new businesses were building their stores in Crestview in 2011. Add to that all the new businesses moving into already-built facilities and one can see how quickly we are developing.

With all this new development come job opportunities and more income spent locally. The Alabama border and south Covington County border are just north of Crestview. We are surrounded by small towns that count on Crestview for all their needs. Crestview alone has a population of more than 22,000 and another 62,347 residents in the immediate area. Including south Covington County in Alabama and DeFuniak Springs in north Walton County, businesses cater to a population of approximately 174,634!

Our economy is mostly driven by military, tourism, real estate and manufacturing. The growth management terms for the city and county have stated that there is so much development going on that it is hard to keep track of it all.

Not only are new businesses coming in, native businesses are expanding. Some of these businesses are the county’s larger employers and include L-3 Crestview Aerospace (winner of the 2002 Governor’s Business Leadership Award for District 1), Aerospace Integrations Corporation (winner of the 2001 Governor’s Leadership Award for District 1), Bayou Mechanical, Lowe’s, Gulf Power (a Southern Company), Choctawhatchee Electric Cooperative (CHELCO) (a TouchStone Energy Cooperative, Qwest Airparts and NEW Corporation), the first major corporation to take advantage of the area’s Enterprise Zone, and Segers Aero, just to name a few. Eglin Air Force Base, which is already Okaloosa’s largest employer, will also grow due to other base closings. Many of Crestview’s nationally franchised restaurants are in the top two percent of their chains.

Crestview and Okaloosa County have been nationally recognized as a “hot spot” for living and business development by the following:

High Technology Industry-Cybercity
No. 3 in Florida – 2007
American Electronics Association

Best Cities for Doing Business
No. 13 Nationally – 2007
Inc. Magazine

Okaloosa County Schools No. 1
2003, 2004, 2005, 2006
State of Florida

Fastest Growing Small Metro
Top 10 – 2000
Taimerica Management Company

Least Stressed Labor Market
Top 10 – 2001
The Wadley-Donovan Group

Small City Retirement Growth
Top 10 – 2004
U.S. News & World Report

Best Small Places for Business and Careers
Top 10 – 2002
The Forbes Magazine

Five-Star Quality of Life Quotient
Top 15 – 2001
Expansion Management Magazine

Outstanding Community to Retire
Top 10 – 2000
The Searchers Data Research Co.

Blue Ribbon School District
Top 10 – 2000, 2002
State of Florida

Best Beaches in the South & Top Family Destination
Southern Living Magazine

Best Places to Live in America
Top 10 – 1997, 2001
MONEY Magazine

Business Vitality
No. 2 Nationally – 2007
The Wall Street Journal

Preferred Southern Site
Top 25 – 2003
Southern Business & Development

Source: EDC - September 2008

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