FY 2026 Adopted Budget - Flipbook - Page 60
¾ Implement economic development marketing plan
¾ Continue to execute CRA Redevelopment Plan
¾ Promote incentive programs: Gateway Grants, Downtown Business Growth and
Economic Sustainability Grant Program
¾ Meet with existing business owners to identify concerns and challenges
¾ Attract new business diversification by pursuing target industries
¾ Work with workforce partners to attract, retain, and develop a broad base of
creative and diverse talent
¾ Assist residential and commercial development
Challenges:
¾ Based on U.S. Bureau of Labor Statistics data, the consumer price index remains a significant
concern for the economy during FY 2024/25. As of July 2025, the overall increase in consumer
price index reached 2.9%. While not as high as last year’s 4.1% increase, rising prices in
essential commodities such as food, gas, and energy have resulted in higher prices for goods
and services for the City.
¾ The influx of newcomers drawn to Eustis has increased housing demand resulting in pressure
on the City’s housing market. Affordable housing is a concern, as some residents and
newcomers face challenges finding suitable housing options within their budgets. City
leaders are exploring creative solutions to address this issue and strive to ensure that Eustis
remains a place where everyone can find an affordable home.
¾ Another challenge facing the City is striking a delicate balance between growth and
preservation of the City’s historical heritage. While there is a growing need for development
and revitalization, progress must be evaluated and approached cautiously to preserve the
City’s Victorian-era architecture, historic landmarks, and small-town charm that make Eustis
so special. City leaders, in collaboration with the community, are actively engaged in
planning to accommodate growth while safeguarding the City’s unique identity.
¾ The City’s economy largely relies on tourism, small business and agriculture. However, City
leaders recognize the importance of diversifying the economy to create a more stable and
sustainable future. Attracting new industries and job opportunities is a priority, as it ensures
that Eustis remains resilient in the face of economic fluctuations and provides its residents
with diverse career prospects. As Eustis experiences growth, ensuring well-maintained
infrastructure and efficient transportation systems becomes imperative. The City continually
tries to improve roadways, public transportation, and walkability to support the City’s
evolving needs and enhance the overall quality of life for residents.
¾ With its stunning lakes and natural beauty, Eustis is deeply connected to its environment.
Residents value the City’s natural resources and endeavor to preserve these resources for
future generations. Challenges such as water quality, conservation efforts and environmental
sustainability require continuous attention and proactive measures. Eustis residents, local
organizations, and City officials actively participate in initiatives to protect and enhance the
City’s ecological treasures.
Strategic Plan Summary
The Strategic Plan outlines City goals aimed at enhancing the overall quality of life and community
well-being of the City. These goals encompass a wide range of areas, including urban development,
public safety, community engagement, environmental preservation, and infrastructure maintenance
50
