What specifically fueled Florida’s latest 2.1 percent GDP? Growth in real estate and construction industry output made up half of its gains in the quarter. Those two sectors were followed by retail, health care and financial services!
Economic momentum suggests Florida may continue to grow faster than the nation as a whole for the foreseeable future. In addition to a steady pipeline of new residents now moving to Florida, the state continues to enjoy strong job creation. Minnesota software firm Sagitec Solutions last week said it will expand and add 60 jobs to the Tampa market.
This week, ADP announced plans for 1,600 new jobs in the Orlando area. And Amazon — already a job powerhouse in the Ruskin area south of Tampa — on Wednesday said it will expand its warehouse/distribution empire in Florida to Jacksonville and hire 1,500.
Let me know how I can help you with Financing Real Estate for your Clients!
Thanks,
Chris Carter
