301
E. Pine Street
Suite 900
Orlando, FL 32801
407.422.7159
407.425.6428 (fax)
info@OrlandoEDC.com
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TOP 10 LIST: REASONS TO DO BUSINESS IN METRO ORLANDO
There is a reason that Metro Orlando is consistently named among
the hottest markets in the nation for business and job growth. In fact, there
are many reasons! Here's our top ten:
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| One
of the Fastest Growing Economies in the U.S. |
FEATURE:
Despite the national economic slowdown, Metro Orlando's economic
engine continues to hum. That’s because in terms of economic
vitality, Orlando tends to lead the State of Florida and the state
tends to lead the nation. A Global Insight study predicted that job
growth in Orlando during the next five years will occur at the fastest
rate in the country. Each year, Metro Orlando appears among the top
25 metros in the nation for economic strength; a ranking compiled
by Policom Corporation based on economic growth and stability. If
Florida were a country, it would have the 19th largest economy in
the world.
BENEFIT:
Business leaders in Metro Orlando can rest assured that they are
in a region with a solid economic base and room to grow. This also
provides a sense of security that family members will find plenty
of job opportunities in their respective fields. The strong economy
in Metro Orlando has also allowed local companies to look at ways
of expanding their options by adding new product lines or services.
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| Access.
Access. Access. |
FEATURE:
With almost 50 million visitors a year, Metro Orlando is built
for easy access. There are three international airports in the region,
including Orlando International Airport which is the fourth largest
origin & destination airport in the U.S., and in total passenger
traffic ranks as the 10th busiest airport in the nation and the 20th
busiest airport in the world. In addition, Orlando has proximity to
two deep water ports — one of them the only quadra-modal port
in the world — and extensive road and rail systems connecting
the region to the Southeast United States, making Orlando a true global
connection point. And with the recent addition of international service
by Lufthansa, Aer Lingus, and jetBlue, and increased flights from Copa
Airlines, Orlando International Airport now provides non-stop service
to 14 international and 79 domestic destinations. There is no easier
point for access to Europe, North and South America not to mention
the Florida market, which is the fastest-growing job market in the
nation.
BENEFIT:
From exporting products to meeting with clients throughout the
world, Metro Orlando offers businesses the access they need to stay
competitive.
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| Young,
Diverse and Highly Educated Workforce |
FEATURE:
Several studies have found that Metro Orlando’s population
will feature the same ethnic diversity in 2015 that won’t be
reached by the rest of the country until 2055. With 25 percent of
the region’s population having completed a bachelor’s
degree or higher, and another 30 percent having completed at least
some college — it’s easy to see that Metro Orlando’s
employee base is well-educated. It is also important to note that
the region’s median age is 36, with 64 percent of the population
under the age of 44.
BENEFIT:
The diversity of a region’s workforce impacts its ability to
nurture innovative thinking and offer residents a high quality of
life. No matter what level of skill is needed, the regional workforce
is well prepared. Companies also have access to state-sponsored workforce
training grant programs that allow them to keep employees on the
cutting-edge in their respective fields.
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| One
of the Nation’s Best Locations for Entrepreneurs |
FEATURE:
From Walt Disney to Glen L. Martin, Metro Orlando has a long history
of entrepreneurial activity. Case in point: the region has approximately
24,000 company start-ups per year and over 29,000 home-based businesses.
These numbers are the result of the presence of facilities such as
the Disney Entrepreneur Center — one of only two such centers
in the nation — and the University of Central Florida Technology
Incubator – ranked as one of the top incubators in the nation.
These factors and more are the reason this region is regularly ranked
as a top location for small businesses and entrepreneurs.
BENEFIT:
Doing business in an environment where you can “fail on Friday
and start on Monday” is critical to business success in today’s
fast-changing environment. The large number of start-ups in Metro
Orlando is also a testament to a creative and innovative workforce
available to businesses located in the region. Finally, with facilities
like the Disney Entrepreneur Center and the UCF Technology Incubator,
businesses can be assured that the region is focused on their success
no matter what their size.
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| Diverse
Office Market - Affordable Options for Business |
FEATURE:
Metro Orlando offers a variety of commercial and industrial real
estate options - ranging from urban space in downtown Orlando to rural
land in Lake and Osceola Counties and everything in between. This region's
robust inventory includes over 144 million square feet of industrial
space and nearly 70 million square feet of office space. And unlike
many other metros, Orlando can still accommodate build-to-suits with
a variety of developable land parcels in the region.
BENEFIT:
The sheer quantity and diversity of commercial and industrial property
in Metro Orlando means that companies growing in or relocating to the
region are virtually assured the space or land suitable to their specific
needs. The amount of space and current associated costs are very competitive
with other regions around the country — making Metro Orlando
an affordable place for businesses to locate.
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| Established
Technology Cluster: 53,000 People Strong |
FEATURE:
The Metro Orlando area boasts a $13.4 billion technology industry
that employs close to 53,000 people. Top sectors include film and
digital media; modeling, simulation and training; optics and photonics;
aviation/aerospace; homeland security/defense; financial services
technology (fi-tech); information technology; clean tech; and life
science/biotechnology. Companies also have access to a strong university
system and an environment of technological innovation and infrastructure
supporting the region’s established technology sectors.
BENEFIT:
An established technology sector means that companies growing or
relocating to the area have immediate access to a technology ecosystem
that has been building since the 1960s. This includes immediate access
to a highly skilled workforce, university research and development,
partnership opportunities, and organizations and facilities dedicated
to helping high tech companies flourish.
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| "Most
Connected" U.S. Metro |
FEATURE:
Metro Orlando is an international leader in digital connectivity.
The region has been ranked as one of the top ten “most wired” communities,
with 65 percent of our citizens using broadband connections.
BENEFIT:
Today’s marketplace is no longer defined by geographic boundaries.
Without virtual and real world connection to other parts of the world,
businesses cannot capitalize on new opportunities. In Metro Orlando
your company will never lack ways or means to move product, information
or people.
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| Nation’s
6th Largest University Anchoring an Extensive Higher Ed System |
FEATURE:
The University of Central Florida, with over 48,000 students, is
now the sixth largest university in the United States. The University
is also home to one of the top Tech Incubators in the nation and
boasts more than $103 million in annual research dollars, many of
which are matched with company dollars in joint research projects.
UCF’s College of Business Administration has been ranked as
one of the largest business schools in the nation. UCF is only one
of more than 35 post- secondary institutions based in the area. This
includes three of the state’s top community colleges, as well
as Rollins College — ranked #1 regional university in the south
and its school of business is ranked #1 in the country — Embry
Riddle Aeronautical University, the Florida A&M University School
of Law, Barry University School of Law, and the first stateside campus
of Puerto Rican-based Ana G. Mendez University.
BENEFIT:
Metro Orlando’s strong higher education system provides companies
with a steady flow of highly-trained employees and access to a variety
of research and development opportunities. The many post-secondary
institutions also provide educational programs in a wide variety
of fields. Companies that need employees with specialized skill-sets
can also be confident in the community’s long history of partnership
between educational institutions and business.
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| Variety
of Lifestyle Options – Low Cost of Living and World-Class
Entertainment Options |
FEATURE:
From rolling hills and orange groves to a downtown core that boasts
$1.8 billion in current development — Metro Orlando truly offers
a variety of lifestyle options that meet just about everyone’s
needs. Long called “The City Beautiful” — Metro Orlando’s
namesake city is known for its brick-lined streets, green space and
eclectic housing options. Further west and south are Lake and Osceola
counties respectively, which still offer “elbow room.” Heading
north — Seminole County is a thriving suburban area offering
beautiful communities like Heathrow and Colonial Town Park. All of
this comes with Orlando’s well-known sunshine, closeby beaches,
no state income tax, affordable cost of living, growing list of cultural
options, and world-class entertainment industry.
BENEFIT:
Business leaders and employees living in Metro Orlando not only
bring home more of their paycheck thanks to the affordable cost of
living and no state income tax, but also have access to almost every
conceivable lifestyle option. With more new residents consistently
moving to the region than leaving, the secret is out that this region
is not only a great place to do business, but also a great place to
live.
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| The “Livability” Factor |
FEATURE:
Year-round sunshine. Outdoor recreation. Proximity to beaches, lakes,
springs, parks, trails, and fields. World-class entertainment options.
Distinctive neighborhoods. World-class shopping. (Closets free of winter
coats, scarves and gloves!) The region’s amenities, natural and “man-made”,
make Metro Orlando a great place to work and to live.
BENEFIT:
Companies of all types and sizes find that Central Florida’s
unparalleled “livability” enhances employee recruitment
and retention.
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