Florida economy

The number of Floridians out of work is starting to rise.

Outback Bowl

Tampa Bay businesses will be laying out the welcome mat for fans arriving ahead of the 2018 Outback Bowl on New Year's Day.

Economists say college football's bowl season is a boon to host cities.

Buoyed by strong tourism numbers and population growth, Florida is experiencing a steady but uneven recovery, the Legislature’s chief economist is telling Tallahassee business leaders.

Florida's economy is growing, but there are signs of weakness that are limiting how much money legislators will have to spend next year.

The cost of fighting a disease that’s ravaging Florida’s citrus industry is triggering growers to abandon their groves. Citrus greening causes orange trees to decline and die within a few years. And there’s no cure right now.  These “grove graveyards” become breeding grounds for the disease.

Just in time for Labor Day, a new report finds that Florida’s minimum wage is less than half what workers need to cover basic expenses.

Has Florida Found the Secret to Saving the Economy?

May 29, 2014

Florida is surging because tourism leaders massively reinvested in their businesses throughout a recession that took statewide unemployment to 11.4%. When consumers had money again, Orlando and Miami had new stuff for tourists to do, from Harry Potter to Legoland, with new attractions opening every season. Those new products, created because tourism players large and small had the guts and vision to invest when Orlando’s hotel occupancy fell below 50%, drew new customers and ignited 600,000 new jobs.

Sarasota County has a higher percentage of people over 65 than any other large county in the nation. And some business leaders now say that all those seniors - rather than a demographic drawback - could be a valuable asset.

They could actually help diversify the economy - even turn the county into what they're calling a "mecca" for those who want to learn what an aging population looks like.

Enterprise Florida Board Approves CEO's Bonus

Aug 8, 2013
Enterprise Florida

Florida's top official in charge of bringing businesses to the state is getting a $70,000 bonus.

The board of Enterprise Florida - which includes Gov. Rick Scott - voted Thursday to grant the bonus to president and CEO Gray Swoope. The board also signed off on more than $630,000 in bonuses for other agency employees.  

Florida's Jobs Recruiter May Get Hefty Bonus for Work

Aug 7, 2013
Enterprise Florida

Florida's top official in charge of recruiting jobs to the state could be getting a $70,000 bonus.

Enterprise Florida, the organization set up to lure companies to the state, will consider the bonus for President and CEO Gray Swoope when its board meets Thursday. That board — which includes Gov. Rick Scott — will also consider more than $630,000 in bonuses for other agency employees.

University of Florida's Bureau of Economic and Business Research

Citing a preliminary report from the University of Florida, the Tampa Bay Times reports the state's population grew slightly in the past year, up a bit from the pace seen during the recession.

University of Central Florida

It's a mostly sunny economic forecast for Florida for the next three years, boosted by a strong housing market recovery. That's according to a quarterly report released Tuesday by the University of Central Florida's Institute for Economic Competitiveness.

The institute’s three-year financial forecast says more homes are being built and sold, and housing prices are going up. UCF economist Sean Snaith points out that’s good news even for homeowners who aren’t planning to sell. 

Florida's Unemployment Rate Stuck at 8.8 Percent

Sep 21, 2012
Sarah Curran

Florida has gained almost 78,000 jobs since last August. This marks the 25th consecutive month of steady gains according to the Florida Department of Economic Opportunity.

University of Central Florida economics professor Sean Snaith said the newest employment numbers indicate a steady, positive growth. Snaith said he was surprised with the number of payroll jobs added.