By BF Editors
From the January / February 2023 Issue
On track to be the home to 26 million people by 2030, Florida has an ever-growing economy. With the expectant workforce growing there will be a need for 1.62 million new jobs. To aid in the growth of the economy, The Sunshine State offers the Florida Job Growth Grant Fund. This program is designed to promote public infrastructure and workforce training statewide specific to the needs of communities around the state.
Despite the continued population growth in Florida, the state has an unemployment rate of 2.2%, which is lower than the national average of 3.5%. In addition to having a low unemployment rate, Florida also continues to exceed the national job growth rate for the last 21 months. This is in line with the state’s Florida 2030 plan, which is a two-year research program designed to identify key trends that contribute to regional success.
Florida 2030 offers the opportunity for collaboration to strengthen communities and businesses for the future of all 66 counties. With the addition of nearly 1,000 residents a day, the state is motivated to attract businesses of all industries. Even in current economic conditions, Florida is forecasted to create more than 250,000 jobs in 2023, continuing the state’s leadership as one of the nation’s top job creators. The Sunshine State is already home to over 22,000 manufacturing companies that employ more than 411,000 workers.
In 2022, The Sunshine State was ranked as the #1 state for attracting and developing a skilled workforce in the nation in a Lightcast study. The nationwide research assesses growth areas of the most recent five-year period including net migration of counties adding new residents, education attainment, job creation, skilled job creation, competitive effect, and average annual job openings.
People See Opportunities In Florida’s Hollywood
The migration into Florida of people and businesses continues from the Northeast and West Coast, and the City of Hollywood on Florida’s southeast coast continues to be a destination of choice. Those looking to grow their businesses find more than just seven miles of beautiful beach with a city attached. They also find a prime location for conducting international trade and easy access to major employment centers and transportation routes. Hollywood is where successful businesses want to locate, and successful people want to be.
A Closer Look At Hollywood, FL. Strategically located in sunny South Florida between Miami and Fort Lauderdale, the City of Hollywood is home to the Fort Lauderdale — Hollywood International Airport, Port Everglades, and corporate headquarters for industry leaders such as HEICO Corporation, Sintavia, and Quantum Marine. With a daily population of 157,000 and an annual visitor log of over five million to the area, people are taking a closer look at Hollywood, FL.
Investment Underway. To support and encourage private redevelopment, the city is committing millions of dollars in public infrastructure improvements. Water and sewer line updates are ongoing, miles of new sidewalks are being installed, and flood control solutions are being deployed to combat the effects of sea level rise. Hollywood is home to more than 60 parks and recreational facilities and the city is about to break ground on an updated 18-hole public golf course and clubhouse.
Prime Location Is Key To Success. Hollywood’s commercial corridors are well positioned to capture foot and drive traffic and provide easy access to deliver customers to your door and product out to market. The South Florida Design and Commerce Center is a 150-acre mixed-use business park offering high visibility from Interstate 95 and convenient commuter rail connections within one of Hollywood’s two designated Opportunity Zones. Another sought after location for business in the city is the Port 95 Commerce Park, a leading industrial business park with over two million square feet of warehouse and industrial space. Port 95 is strategically located near I-95, the Florida Turnpike, I-595, FLL, and Port Everglades. This is the perfect location for companies in the aviation/aerospace, marine technology, and advanced manufacturing space.
An Enviable Beach Lifestyle. As a world-class tourism destination, Hollywood offers an envious beach lifestyle in the heart of the cultural and entertainment options South Florida has to offer. In Hollywood, the Art and Culture Center-Hollywood, the ArtsPark at Young Circle, Hollywood Hot Glass, and the Downtown Hollywood Mural Project are all amenities within the historic downtown district. If water activities or a slower beachfront lifestyle is what you are after, then Hollywood Beach awaits. The family-friendly 2.5-mile world-famous Hollywood Beach Broadwalk is an oceanfront promenade that welcomes nearly five million visitors annually to stroll, bike, or dine steps from the sand. And with just over seven miles of sandy beach, there is a place for everyone to relax and take in all Hollywood has to offer. See Life. See Opportunities in Florida’s Hollywood. For more information, visit www.choosehollywoodfl.com.
FORT LAUDERDALE: Your Destination for Success
Countless companies from startups to Fortune 500 call Greater Fort Lauderdale their address for success. With a large pool of skilled professionals, an inviting quality of life, and one of America’s most competitive tax climates, Greater Fort Lauderdale ranks among the world’s highly attractive business destinations.
Greater Fort Lauderdale (metropolitan Broward County) is home to more than 200 corporate and international regional headquarters, including AutoNation, Chewy, Citrix, El Al Israel Airlines, Hotwire Communications, JetBlue Travel Products, Kaplan Inc., Magic Leap, Spirit Airlines, West Marine, and UKG. It is the geographic and business center of South Florida, the largest metropolitan region in the Southeast United States with a population of 6.1 million and a workforce of over 3.1 million.
Brokers and site location consultants hold a very high perception of Greater Fort Lauderdale as a location of choice for corporate headquarters, according to a survey by consulting firm Boyette Strategic Advisors for the CEO Council of the Greater Fort Lauderdale Alliance. About 94% of respondents view Greater Fort Lauderdale as a positive or very positive potential location for a corporate headquarters.
U.S. and international companies appreciate Greater Fort Lauderdale’s strategic location and convenient access to global markets, its multilingual and multicultural professional workforce, and numerous education and workforce training programs. Aviation, technology, business, financial and professional services, life sciences, manufacturing, and other knowledge-based companies benefit from the region’s large and growing pool of highly skilled, college-educated workers.
With an unmatched quality of life, including a wide array of housing choices, excellent schools, and year-round golf, boating, and other outdoor activities, Greater Fort Lauderdale offers an ideal location for CEOs, mid-level executives, entrepreneurs, and young talent to “Work in the Cloud and Live in the Sun.”
The region also offers easy access to domestic and international markets with three international airports, including convenient service to Latin America, the Caribbean, and Europe.
When El Al Israel Airlines rerouted its U.S. headquarters from New York to Greater Fort Lauderdale in the city of Margate, the carrier landed in a destination known for its low taxes and cost of living, global business community, and easy access to world markets. Its employees will find an unmatched quality of life and world-class cultural offerings. El Al isn’t alone. It joins a strong cluster of headquarters for tourism companies that call the area home—including Spirit Airlines, JetBlue Travel Products, Silver Airways, and the North American headquarters of Norway-based Norse Atlantic Airways and SIXT rent a car. Another offering is the region’s robust, multicultural and multilingual talent pool—and area colleges training future aviation professionals right here in Greater Fort Lauderdale.
For more information, visit LessTaxing.com.