"In just one year, Florida's economy has seen a substantial boost with 3,000 more businesses than last year and 131,000 new net jobs," said Terry. "Florida also regained a Top 10 ranking for educational quality and prepared 224,120 college students to enter the workforce. With record-breaking tourism numbers, a rising housing market, and continued export growth and increased manufacturing output ~ Florida's economy grew by more than $30 billion from the previous year."
Terry warned that allow there was a lot of growth, there is still much work to be done and Florida still faces challenges.
- although 20,000 new jobs are created each month, 13,000 initial new unemployment cliams are filed each week.
- Half of the drop in state unemployment is from workers dropping out of the workforce
- Florida experienced 70,902 foreclosures last quarter
- 39 states posted higher income gains over the previous year.
The foundation has also been working on a study to expand the state's economic foundation of tourism and agriculture into areas of trade and logistics. The aptly named Trade and Logistics Study 2.0 focused on identifying essential areas for strategic development tied to creating jobs, advancing economic growth and diversifying the state's economy.
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source: Florida Chamber of Commerce
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