Nations Real Estate Portfolio of Properties Timbercrest Road, Fountain, FL | Page 3

Bay County, Florida Area Information Located in Northwest Florida south of Interstate 10 between Pensacola and Tallahassee, Bay County is home to the famous World’s Most Beautiful Beaches. Though Bay County is best known for its 27 miles of sugary- white sand beaches and emerald green waters of the Gulf of Mexico, the area is growing more popular as a place to do business and was ranked as the #1 area for economic growth potential in the U.S. Bay County is comprised of seven municipalities, including Panama City, Panama City Beach, Lynn Haven, Springfield, Mexico Beach, Callaway and Parker. This growing area is surrounded by seven military bases that stretch across northwest Florida and southeast Alabama. This stable military presence provides a strong defense and aerospace supplier sector that further enhances the economy. Bay County is emerging as Florida’s next diverse economic engine. The area is focused on aerospace, technology, manufacturing, distribution/logistics, retail and, of course, tourism development. In addition, Bay County is home to the nation’s newest international airport centered in a new commercial growth area just north of Panama City Beach. With a 10,000 foot runway and available sites adjacent, Bay County offers a clean canvas to construct any type aviation project. With this new international airport, a vibrant port that connects the region to the world, North/South rail connectivity to CSX railroad just north of I-10, and two four-lane connections to I-10, this connectivity creates a strategic position for Bay County that provides a strong distribution network for movement of goods into and out of the area. Our business-friendly climate and incredible lifestyle make us one of the most effective destinations for businesses looking at site selection in Florida and in the Southeast United States. The almost-perfect weather, friendly atmosphere, numerous activities and exciting possibilities combine to make Bay County a great place to live, work and play.