1 City Commission – Economic Development Foundation Joint Meeting April 1, 2013.

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Presentation transcript:

1 City Commission – Economic Development Foundation Joint Meeting April 1, 2013

Largest MSA’s in terms of economic activity 1.New York City 2.Los Angeles 3.Chicago 4.Wash DC/ Arlington, VA 5.Houston 6.Dallas/Ft Worth 7. Phila./Camden, NJ 8. San Fran/Oakland 9. Boston 10. Atlanta 11. Miami/Ft. Lauderdale 12. Seattle/Tacoma 2 Source: U.S. Bureau of Economic Analysis

Locally Real GDP Approaching the National Average UCF Institute for Economic Competitiveness predicts “moderate” economic growth for Miami/FLL MSA with 3-4% annual GDP growth in

Broward County Population Rebounding 4 Coral Springs Population: FY 2010: 121,096 (Census) FY 2012: 122,681 (Est.) Source: Bureau of Economic and Business Research

Source: Florida Agency for Workforce Innovation. Unemployment Rate Lowest Since February 2009

Construction Jobs Beginning to Recover 6 Source: UCF Institute for Economic Competitiveness

Per Capita Income Rising 7 Source: UCF Institute for Economic Competitiveness

8 Source: FL Office of Economic and Demographic Research

Median Home Values Increasing Source: Zillow.com Home Value Index – all homes, single-family and condos

Retail Space Beginning to Find Tenants Source: CoStar

11 Leading Indicator of Foreclosures Remains Low Coral Springs Properties in Lis Pendens/Final Judgment Source: Broward County Property Appraiser

Foreclosures and Shadow Inventory StateDelinquency %FC %Non Curr %Yr/Yr Change in Non Curr National7.0%3.4%10.4%-12.3% FL MS NJ NV NY ME LA MD RI IL Source: FL Office of Economic and Demographic Research

Change in Non-Residential Taxable Assessed Values (Three Year Average ) 13 Source: Broward County Property Appraiser Does not include tangible personal property.

Percentage Change in Total Taxable Assessed Values 14 % change Source: BCPA