SECURING FLORIDA’S FUTURE Jerry D. Parrish, Ph.D. Chief Economist & Director of Research Florida Chamber Foundation

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Presentation transcript:

SECURING FLORIDA’S FUTURE Jerry D. Parrish, Ph.D. Chief Economist & Director of Research Florida Chamber Foundation

SECURING FLORIDA’S FUTURE Six Pillars: Securing Florida’s Future Together

SECURING FLORIDA’S FUTURE Yearly Job Creation Forecast

SECURING FLORIDA’S FUTURE Florida as a Percent of U.S. CategoryFlorida Florida as a Percent of U.S. Total Last 12 Months Non-farm Jobs 233, % 1 in 12 of U.S. Last 12 Months Private Sector Jobs 238, % 1 in 11 of U.S. Source: Bureau of Labor Statistics, U.S. Census, World Bank

SECURING FLORIDA’S FUTURE Government Jobs Type of Jobs December 2015 Level Change during 2015Percent Change Total Government 1,073,500-5, % Federal135,4001, % State207, % Local730,200-7, %

SECURING FLORIDA’S FUTURE CategoryJobs CreatedGrowth Rate Average Salary Professional & Business Services 51, %$54,259 Education and Health Services 44,7003.8%$46,584 Leisure & Hospitality 43,8003.9%$23,021 Trade, Transportation & Utilities 39,6002.4%$40,113 Construction 28,5007.0%$43,690

SECURING FLORIDA’S FUTURE Jobs Forecast

SECURING FLORIDA’S FUTURE Select MSAs Jobs Forecast MSA2015 Jobs2016 Forecast Percent Difference Tampa-St. Petersburg- Clearwater 38,80033, % Jacksonville 17,30014, % Naples- Immokalee- Marco Island 3,1002, % Pensacola-Ferry Pass-Brent 2,3002, % West Palm Beach- Boca Raton- Delray Beach 14,10012, % Orlando- Kissimmee- Sanford 38,10033, %

SECURING FLORIDA’S FUTURE Population Percentage Change Data Source: UF Bureau of Economic and Business Research

SECURING FLORIDA’S FUTURE Changes to Florida’s Population Age GroupTotal 50 to , and over2 Million 75 and over918, and over167,000 Data Source: UF Bureau of Economic and Business Research

SECURING FLORIDA’S FUTURE Looking at 2030 – Population Increase

SECURING FLORIDA’S FUTURE Innovation Economy (Tallahassee) Florida Angel Nexus Tallahassee Florida Institute for the Commercialization of Public Research Jim Moran Institute Domi Station

SECURING FLORIDA’S FUTURE Cornerstone 2030 Common Framework – 6 Pillars Collaboration Measurement Communication Research-Driven Planning All 67 Counties

SECURING FLORIDA’S FUTURE Jerry D. Parrish, Ph.D. Chief Economist & Director of Research Florida Chamber Foundation Thank You!