Southern Business and Development Magazine has listed Orlando in the top two metro growth markets for 2008. According to the magazine, the area has posted strong growth indicators for the last six years. Economic diversity is one of the main factors lending to such strength. The Orlando market has thriving enterprises in a wide range of segments such as: aviation, manufacturing, digital media, film and television, conventions, entertainment, tourism, distribution, simulation, photonics and optics, software and life sciences. The life sciences segment has raised the bar for Florida growth and development with the addition of entities like the Burnham Institute for Medical Research and the UCF College of Medicine. Several hospitals and research labs are also under construction in the Orlando area.
Sustainable regional growth is due in large part to strong population growth and job creation as well as plans for a 60+ mile light rail system from Volusia County to Osceola County. Last but not least is the new found housing affordability in Central Florida. One positive result of the bursted national housing bubble.
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