Florida's GDP Hits $1 Trillion Mark: As a Country, It'd Rank 17th in World

July 16, 2018     0    13

The economist who authored the study pointed to growth in manufacturing. “Those [jobs] are growing faster here than the U.S. the last few years, ” said Jerry Parrish, Florida Chamber Foundation chief economist. The $1 trillion figure was calculated based on the U.S. Bureau of Economic Analysis’ most recent GDP number of $984 million for the fourth quarter of 2017, and a formula that projects current statistics that have yet to be factored in by the bureau, including job growth, goods, services and other factors. Key factors driving the state’s growth that can be seen in Metro Orlando’s economy include low unemployment, population growth and tourism. The broad successes in those areas make the $1 trillion figure sustainable, Snaith said. “The near-term risk of recession is still fairly low,” Snaith said. “... Momentum in the labor market, the tax cuts and jobs act, all that has been a force of adrenalin, if you will, for economic growth. Could we drop below that? It’s possible, but that would be temporary. This is a mile marker on a longer-run trend as opposed to being fleeting or ...

Florida Named Among Top 10 States to Start a Business

July 13, 2018     0    22

Coming in at No. 3 for average growth in number of small businesses, Florida shows a lot of potential for entrepreneurs.

TECO Peoples Gas Voted Most Trusted Utility in Country

July 11, 2018     0    26

"Our team members work hard each and every day to provide world-class service and we are proud that our efforts are recognized by our more than 370,000 customers across the state," T.J. Szelistowski, president of Peoples Gas, said in a release. Peoples Gas has held the No. 1 spot on the report since 2015. Clay Florida Economic Development Corporation is proud to have a strong partnership with TECO Peoples Gas.  Click here to learn more about our utility partners in Clay County, Florida.  

Clay Recieves $2M for Road to Future Industrial Park Directly Adjacent to First Coast Expressway

July 9, 2018     0    91

Rollins said the group of people who own the property say they’ve been approached by a number of businesses interested in partnering. He said although he personally would like to see aviation and military-related industries in the park, any industry creating high-wage jobs would be great. “Clay County has always been known as a great place to live and raise a family, but we also want it to be a place where people can work and make a living to raise their family without having to necessarily commute somewhere else,” he said. According to the project proposal, Clay will be matching the state grant with $1 million. The total road project cost is estimated to be just over $ 3 million. The Florida Department of Economic Opportunity had received more than 250 proposals requesting more than $877 million in funding. In February, Scott announced in Jacksonville the state approved $6 million to build a 1.5-mile road at Cecil Commerce Center on the Westside. Read more about the First Coast Expressway here.  Read more about Challenger Center here. 

Florida's Bond Rating is AAA

July 3, 2018     0    33

The administration of Gov. Rick Scott said this marks the first time that all three major rating agencies have assigned the state their highest ratings. During his time as governor Scott has pushed to reduce Florida’s total amount of debt. Moody’s in a release Thursday said Florida earned the higher rating because the state’s economy and finances have been consistently improving. It also noted the state’s low amount of debt and the health of its pension plan.