Today the labor market statistics were released and the unemployment rate was little changed at 6.1 percent. Total nonfarm payroll employment increased by 142,000 in August, compared with an average monthly gain of 212,000 over the prior 12 months. Job gains occurred in professional and business services and in health care. Construction employment continued to trend upward but manufacturing employment was unchanged in August,following an increase of 28,000 in July. The Press Releases and Statistics are
As Florida continues to add jobs and reduce unemployment, the work that you all do every day becomes more critical within your communities. This January FEDC will host out 2nd Annual Winter Symposium with a focus on site selection. We plan to open registration late next week. Space will be limited so please make sure to register quickly and make your hotel reservations. This two half-day sessions will give you the opportunity to hear first-hand from Site Selectors and spend time getting an intimate perspective and being able to spend quality time hearing what they look for and provide advice for your communities. We will send a separate announcement when registration is available.
Please don’t forget to mark your calendars for the Enterprise Florida Stakeholder meetings in conjunction with the Future of Florida Forum, September 29-October 1st at the Disney Yacht Club.
August 2014 National Employment and Unemployment Press Release
Nonfarm payroll employment rose by 142,000 in August, and the unemployment rate was little changed at 6.1 percent. Employment rose in professional and business services and in health care. Incorporating the revisions for June and July, which reduced total nonfarm employment by 28,000 on net, monthly job gains have averaged 207,000 over the past 3 months. In the 12 months prior to August, employment growth averaged 212,000 per month. In August, the employment-population ratio was 59.0 percent for the third consecutive month. Over the year, however, the employment-population ratio is up by 0.4 percentage point.
Download Press Releases & Stats »
REMINDER: North Florida Economic Development Academy – Sept 15 & 16 + Oct 9 & 10
The North Florida Economic Development Academy (EDA) is a comprehensive, four (4) day program designed to provide a basic understanding of the concepts and methods of Economic Development, and to help local communities build stronger community sales teams who are better able to recognize, prepare for, and respond to opportunities. Participants will walk away with an understanding of the rules and roles that guide the development process, ethical considerations, and critical best practices. Scholarships are made available through the NFEDP’s Regional Rural Development Grant provided by the Florida Department of Economic Opportunity and the generous investments from our Corporate and Public Agency partners! The conference will be held September 15-16 and October 6-7, 2014 at the Holiday Inn Hotel & Suites in Tallahassee. Florida Registration is limited to thirty participants. Priority will be given to economic development professionals and elected officials. Registration Deadline is September 2
Read More »
2014 Florida Rural Economic Development Summit – Nov 5-7
Florida’s Statewide Rural Economic Development Summit is back and we want you to be a part of Florida’s largest and highest quality professional development event focused specifically on rural economic development issues! Highlighting the Summit will be an Opening Session Keynote address from Enterprise Florida President/CEO and Florida Secretary of Commerce Gray Swoope and the Rural Economic Development Champions Legislative Awards Luncheon. 2014_Rural_SummiThe Summit will provide a diverse range of high-quality, practical professional development sessions presented by state, regional and local economic development professionals, national site location consultants and marketing firms, private utility service providers, and project financial experts, among others. Registration deadline is Friday, October 5, 2014.
Read More »
Florida Wins Federal Grant For Small Business Exports
Florida won a $311,000 federal grant Wednesday to help small businesses increase their foreign exports. The Small Business Administration awarded $8 million to 24 states out of 49 that applied for the grant money. Florida matched about a third of the federal funding, bringing the total award amount to more than $415,000. Enterprise Florida, the state’s economic development organization, plans to use the money to increase exports to Asia, including China. The organization has planned a trade mission to Hong Kong and Guangzhou and a 2015 airshow in China.
Read More »
Florida Utilities Receive Top Honors from Site Selection Magazine
Today, Site Selection Magazine published its annual "Top Ten Utilities in Economic Development " list. Florida Power and Light (FPL) has been named to the list for the second year in a row. Well-deserved kudos go to Duke Energy and Gulf Power, also on the list. In the press release announcing the list, Site Selections’s managing editor Adam Bruns said, "This year’s Top Utilities feature some familiar names. That’s because they not only continue to turn in the numbers year after year, but continue to invest in doing more, and in innovative new approaches to partnering with both companies and communities. In other words, despite regulatory concerns, prices of fuel and a host of other mitigating factors, they mean what they say when it comes to their mission to serve." That Florida claimed three of the top ten utilities in the entire country is a testament to the quality of our economic development programs and not just at the utility level. This is just one more affirmation that our statewide efforts are working. Everyone from Enterprise Florida to our local and regional economic development organizations to our workforce boards to our utilities are working together and pulling in the same direction to advance our state’s economic priorities. Our collective efforts are making a difference and, for that, we should all be proud!
Read More »
Tampa Metro Scores Big On National Export Report
The Tampa-St. Petersburg-Clearwater metropolitan area was the 43rd largest export market in the United States in 2013. Merchandise shipments from the metro area totaled $6.7 billion last year, according to a report from the U.S. Department of Commerce International Trade Administration. More than one-third of that total, or $2.4 billion in exports, went to Mexico. Other top export markets for the Tampa metro were Canada, with 8.8 percent of the total exports; Brazil, 5.4 percent; China, 4.4 percent; and the United Kingdom, 2.3 percent. Computer and electronic products were the top export sector, comprising 38.2 percent of the Tampa metro exports in 2013. Chemicals made up 21.7 percent of the local exports, followed by transportation equipment (5.2 percent), machinery except electrical (5.2 percent), and food and kindred products (4.2 percent). Exports from businesses in Pinellas County were valued at $3.5 billion, while Hillsborough County business exports were valued at $3.1 billion. Pasco and Hernando county businesses had much smaller export values, at $53 million and $30 million respectively. The Miami-Fort Lauderdale-Pompano Beach area was the only other Florida metro on the top 50 list, and ranked No. 7 in the U.S., with $41.8 billion in goods exports in 2013. Overall, exports from Florida support 275,221 jobs in 2013, or 4 percent of the total jobs support by goods exports, the Commerce Department said.
Read More »
Osceola High-Tech Facility Speeds Toward Hiring, Construction Plan
The effort to build a high-tech manufacturing facility in Osceola County is moving ahead fast on hiring and planning for construction. “We expect to have a request for qualifications going out to contractors this month,” said Dan Holladay, director of operations and technology for the Florida Advanced Manufacturing Research Center, which is to be built near Kissimmee. Holladay said Wednesday that the high-tech center will have unique features, such as clean rooms, that require experienced contractors. Florida companies that worked on NASA projects or other high-tech facilities may qualify, he said. There are high hopes for the $61 million center, which would have 250 high-tech jobs directly. It has the potential to attract between 20,000 and 80,000 higher-wage jobs in coming decades if it’s successful, according to the Metro Orlando Economic Development Commission.
Read More »
Special Investment Report: Florida’s Eastern and Mid-Gulf Coasts
How many places in the world can claim to be on the cutting edge of both space and ocean transportation? It’s a striking illustration of the economic diversity you’ll find as you scan down the East Coast of Florida and then partway up the Gulf side. There’s a lot going on in this slice of the Sunshine State. From manufacturing to medical R&D, Florida holds a lot of promise for business and employment growth.
Read More »