Orlando is a fast growing metropolitan area that is outperforming other U.S. regions in many key economic measures. Orlando has a dynamic economy that is diversifying by adding high-value, high-wage jobs in healthcare, medical research, digital media and defense simulations. Orlando's booming population growth is propelling healthy demand in local industries, including those who serve domestic and international passenger air travel, consumer retail and construction.
An approved community venues plan will bring a new event center, major renovation to the cytrus bowl stadium, a state of the art Dr. Phillips performing art center and more.
Orlnado's surging economic and cultural renaissance make the city an ideal choice for business expansions and investments today. national media outlets, including The New York Times and Business 2.0 Magazine have recently showcased Orlando for it's economic performance and cultural amenities.
Medical City
The long established success of the Orlando regional healthcare have laid the groundwork for Orlando's surging biotechnology industry including Arnold Palmer hospital for children ranked in the top 5 nationally, M.D. Anderson Cancer Center ranked in the top 2 nationally and Florida Hospital ranked among the top 10 nationally along with the University of Central Florida Biomolecular Science Center, all helping diversify the local economy with high paying jobs.
The future looks even brighter with the new Medical city being created in the Lake Nona area, the southwest corner of Orlando. It will include research facilities, medical school and much more.
Creative Village
Orlando has become one of the largest simulation and training clusters in the world which has fueled rapid and related growth in the local entertainment technology industry which hosts more than 315 companies, 8,000 workers and collective annual sales of $1.4 Billion.
The new creative village is created from a redevelopment of roughly 60 acres site downtown.
Economic Forcast
Population growth - 2.8% annually.
Employment growth - 3.5%.
Wages growth - 3.5%.
Tourism growth - from 45 million visitors in 2006 to 53.7 million in 2008.
Residential Real Estate Treds - http://www.orlrealtor.com/Main/Main.asp?CategoryID=3&
| Population |
| 2000 |
185,915 |
| 2002 (estimate) |
194,913 |
| 2005 (projected) |
220,651 |
|
| Racial and Ethnic Diversity* |
| White |
61.1% |
| Black |
26.7% |
| Hispanic |
17.7% |
| Asian |
2.9% |
| Native Hawaiian/Other Pacific Islanders |
0.3% |
| Other race |
2.1% |
| *Total is greater than 100% because Hispanics may be of any race. |
|
| Median Age |
33.7 years |
|
| Labor Force |
126,553 |
| Unemployment Rate |
5.7% |
|
| Employment Profile |
| Services |
53..3% |
| Government |
7% |
| Manufacturing |
6.7% |
| Construction |
8.7% |
| Transportation/Public Utilities |
3.1% |
| Wholesale Trade |
4.0% |
| Retail Trade |
14% |
| Finance, Insurance, Real Estate |
3.2% |
|
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| Housing |
| Average Price of Homes |
$136,000 |
|
| Hotel Rooms |
|
| Downtown |
1,875 |
| Metro Orlando |
109,784 |
|
| Land Area |
|
| Square Miles |
109.51 |
| Total Acres |
70,089 |
|
| Tax Profile |
Real Property Millage Rate * (per $1,000 of assessed value) |
$19.6420-$20.6420 |
| Personal State Income Tax |
None |
| State Sales Tax |
6.5% |
| Higher Education Facilities |
Enrollment |
| University of Central Florida |
33,453 |
| Rollins College |
3,392 |
| Valencia Community College |
52,000 |
| Seminole Community College |
27,644 |
| Lake-Sumter Community College |
7,333 |
Target Growth Industries
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International Business |
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Film and Television |
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Arts, Culture and Sports |
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Health Care |
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Tourism |
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High Technology |
Downtown
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Headquarters for government operations, including the City of Orlando and Orange County, as well as federal and state regional offices
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Proximity to the region's top business leadership, government leadership, consulates, international trade organizations and professional associations
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There are 17,000 residents within a 1,620 acres radius of the downtown district |
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Nearly 55,000 employees working in Downtown Orlando in 2001
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Largest concentration of office space in Metro Orlando: 9.4 million square feet (2001)
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Educational resources include the University of Central Florida Downtown Academic Center, Valencia Community College Downtown Center, Orlando Tech, Florida A & M University College of Law, Lake Eola Charter School, Lake Highland Preparatory School, Nap Ford Community School, Howard Middle School, St. James Cathedral School, and Trinity Lutheran School |
Tourism & Conventions
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Metro Orlando hosted more than 39.12 million U.S. visitors and 2.86 millions of overseas visitors in 1999.
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Metro Orlando has approximately 106,816 hotel rooms. The second largest concentration of hotel rooms in the U.S.
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More than 3.3 million people attended meetings and trade shows during 1998.
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The Orlando/Orange County Convention Center houses more than 1.4 million square feet of exhibit and meeting space.
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Metro Orlando is home to many popular tourist attractions, including Walt Disney World, Disney-MGM Studios, Epcot, Disney's Animal Kingdom, Universal Studios Florida, Universal Studios Islands of Adventure, and Sea World of Orlando |
Top Private Employers
| Walt Disney World |
55,900 |
| Adventist Health System |
18,797 |
| Publix |
15,628 |
| Universal Orlando |
12,000 |
| Orlando Regional Healthcare System |
12,000 |
| Wal*Mart |
11,125 |
| Winn-Dixie |
8,045 |
| Lockheed Martin |
7,998 |
| Marriott International |
5,994 |
| McDonald's |
5,600 |
Metro Orlando Sports & Culture
T.D. Waterhouse Centre 18,039 seat facility Home of NBA’s "Orlando Magic" Home of WNBA's "Orlando Miracle" Home of Arena Football League’s "Orlando Predators" Home of the Atlantic Coast Hockey League's "Orlando Seals"
Florida Citrus Bowl Stadium 70,000 seat facility Home of the annual Florida Citrus Bowl Home field for the University of Central Florida Knights football AMA Supercross Series Superbowl of Motorsports Tinker Field, 5,500 seat baseball stadium adjoining the Citrus Bowl
Expo Centre Over 70,000 square feet of exhibit space Accommodating up to 441 booths 24,444 square foot ballroom 1,200 hotel rooms located within a one-mile radius Located in Downtown Orlando
Cultural Events and Amenities
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