There were a couple of good articles in the Sentinel this week where Orlando and Orange County were mentioned in future growth and recovery projections:
Orlando among nation’s next boom towns
Here’s a bit of bright news for recession-weary Central Florida:
Forbes has ranked Orlando 10th in a list of US cities poised to become America’s next boom towns.
The cities, Forbes says, have struggled through the recession but both are well positioned for strong growth once the economy finds some sustainable mojo.
Of Orlando and Phoenix, Forbes.com writes..
“They still have more jobs now than in 2000. Their demographics remain surprisingly robust. Despite some anti-immigrant agitation by local politicians, immigrants still seem to be flocking to both of these states. Known better as retirement havens, their ranks of children and families have surged over the past decade. Warm weather, pro-business environments and, most critically, a large supply of affordable housing should allow these regions to grow, if not in the overheated fashion of the past, at rates both steadier and more sustainable.”
Orlando was the only Florida city that made the top 10.
Topping the list was Austin, Texas, followed by Raleigh, N.C.
and some new growth rates based on projections from the 2010 census …
Orange County, FL expected to lead Florida growth
Orange county is projected to lead the state in growth over the next 30 years, according to new population estimates. Orange is expected to increase its population by 670,000 by the year 2040, outpacing Miami, Tampa and Palm Beach.
The new projections are the first based on the 2010 census. They show Orange County outpacing Miami-Dade and Hillsborough counties, while Osceola County is predicted to add more people than Broward County.
“The expectation is that eventually we will get out of this recession and things will return more to normal,” said Stan Smith, director of the Bureau of Economic and Business Research at the University of Florida.
Orange County also will benefit in the future from the continual movement of the state’s population from coastal areas into interior counties, said University of Central Florida economist Sean Snaith.
Florida, in recent decades, has begun to mirror California, where the expense of living in Los Angeles and San Francisco spurred growth inland, Snaith said.
“As the cost of living in the coastal areas becomes more expensive, that squeezes population growth toward lower cost-of-living areas,” he said.
Another indication, hopefully, that the recession may be truly over here in the Sunshine State of Florida.
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