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Orlando's fast growth in a category all its own. Here's why. [Orlando Context]

Posted by Phoebe Fleming on Aug 3, 2018 3:56:11 PM

Orlando is adding 1,000 new residents a week. In fact, the larger seven-county region has been adding that many people a week for the last 60 years. Pause for a second and do the math. People aren’t just looking to visit Orlando’s world class attractions, they’re putting down roots and taking advantage of all the region has to offer. This may come as no surprise to those who see the construction and investment boom currently happening in Orlando. What might be surprising, however, is just how significant this growth is compared to other major metros across America, as well as how Orlando’s demographics differ from other Florida cities. Turns out, Orlando is in a category all its own when it comes to growth and in-migration; the dynamics of which are explored below.

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Topics: Research

Orlando is No. 1 for STEM job growth [Context]

Posted by Phoebe Fleming on May 25, 2018 10:53:49 AM

Orlando ranks six among Forbes’ 15 Best Big Cities for Jobs in 2018. Forbes cited Orlando’s science, technology, engineering and mathematics (STEM) job growth in recent years as one contributing factor, explaining “Orlando (is) actually now adding STEM jobs at a faster clip than the Bay Area metros”. So how much faster than the rest of the country is Orlando’s tech economy growing? And what is fueling this surge? A quick dive into occupation data reveals answers specific to Orlando’s STEM[1] job growth since 2010.

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Topics: Research, Innovative Technologies

Orlando’s export economy and the impact of potential Chinese tariffs [Context]

Posted by Phoebe Fleming on Apr 26, 2018 3:07:19 PM

Threats of increased U.S. tariffs on Chinese goods last month fueled anxiety over a trade war between the world’s two largest economies. Analysis by the Orlando Economic Partnership research team sheds light on the likely consequences of proposed economic sanctions. Due to the Orlando economy’s lack of reliance on exports, any direct decreases in economic activity caused by potential Chinese tariffs would be minimal. More substantial threats to the Orlando region, specifically to tourism and the construction boom, come from U.S. imposed tariffs on steel and aluminum imports.  

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Topics: Research

Wage growth: to be or not to be [Orlando Context]

Posted by Phoebe Fleming on Mar 16, 2018 12:16:47 PM

America may be getting a pay raise. New data released by the Bureau of Labor Statistics (BLS) in February suggest that Americans are at last seeing their wages rise at a healthier rate since the 2008 recession. Posting 2.9 percent year-over-year wage growth in January 2017, the BLS Employment Situation report painted a picture of a sturdy job market with wage gains, record low unemployment rates, and minimal changes to the number of people working part time for economic reasons.

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Topics: Research

Orlando ranks No. 1 for job growth for the third year in a row in 2017

Posted by Phoebe Fleming on Jan 31, 2018 9:19:28 AM

Job creation in 2017 injected a significant chunk of spending money into the region’s economy with projected direct impact of an additional $2.2 billion in annual payroll added by the growing labor force. That spending power is expected to add $3.4 billion to the gross regional product (GRP) and new state and local tax revenue of $236.9 million.

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Topics: Research, Rankings

Record number of higher education students complete degree programs in Orlando

Posted by Phoebe Fleming on Dec 21, 2017 8:48:44 AM

Graduation day is a memorable occasion for any student – it marks the conclusion of years of study and hard work, it brings the hope of a more prosperous future and it empowers graduates with the sense that they now have the tools necessary to enter a fiercely competitive labor market. December 13, 2017 signified another milestone at Seminole State College of Florida. Those at the commencement ceremony were among the largest class ever to graduate from the college. Altogether, more than 3,500 students received their degrees and certificates that day.

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Topics: Research, Education

News & Media Resources

The PR team at the Orlando Economic Partnership is your source for business news in Orlando, providing you with story ideas about trends, people and companies; statistical information and background; offering expert sources; and connecting you with community leaders.

Media Contact: Laureen Martinez

Senior Director, Marketing & Communications
P/ 407.422.7159 x204
C/ 407.242.3982
Laureen.Martinez@Orlando.org

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