Learn about the businesses found in Panama City, along with resources to help you own a business here.
The Businesses of Panama City
Located along Route 98, Panama City is found between Tallahassee and Pensacola. It has a large population for the area, with over 36,000 residents. Between the residents and many annual visitors, this region is primed for business growth in the coming years. In fact, in 2006, CNN’s Business 2.0 named Panama City the best place to invest in real estate in the US. Find out more about the local economy, along with resources to help you become a business owner in Panama City.
Panama City Businesses
The influence of Tyndall Air Force Base, along with the strong tourism industry, means that Panama City has a very diverse economy. The main shopping center in town is the Panama City Mall, an enclosed shopping center featuring anchor stores such as JC Penny, Dillard’s, and Sears. However, the mall isn’t the only place for shopping. There are numerous boutiques and specialty shops scattered around town.
Major employers include Gulf Power, Eastern Shipbuilding, and Arizona Chemical, but the local business directory shows countless smaller businesses in the area. These offer everything from aviation services to youth organizations, meaning that from (almost) A to Z, if you need it in Panama City, there is a business to meet your needs.
Resources for Panama City Businesses
The Economic Development Alliance of Bay County works to enhance the local economy, including supporting infrastructure and the local economic environment. They can do research on demographics, the labor market, and help with confidential project management.
In order to do business in Bay County, where Panama City is located, you’ll need to file for a business license. The Small Business Development Center offers assistance for filing for your business license.
Become a Business Owner in Panama City
The local economy is strong. If you dream of owning your own business in this Emerald Coast paradise, why start a business from scratch when you can buy an existing business? There are numerous businesses for sale in the area that are already successful in the Panama City community, so you can come in and take over the operation.
The experts at Emerald Coast Business Brokers have listings of prescreened businesses for sale. We will take your interests, skills, and individual goals, and match you with the ideal Panama City business. From tourism-centered businesses like hotels, spas, and surf shops, to service-oriented companies like grocery stores or roofing companies, any type of business may be available for purchase.
The advisors at Emerald Coast Business Brokers will work with you confidentially to locate businesses for sale, and then they will work with you throughout the entire purchase process from putting in an offer to helping you through your period of due diligence, to planning for the business transition—we’re experts in business acquisitions.
Contact one of their experienced brokers today to start working toward your dream of owning a business in Panama City.