Orlando has become popular, and not just among tourists. Orlando led the nation in the fastest growth in employment for four consecutive years. With countless employment opportunities, tourist attractions, and infrastructure investment, there has never been a better time to invest in Orlando.
Named one of the fastest growing cities in the nation, it is an optimal place to call home and an optimal destination to invest. Orlando is primarily known as a tourist destination, but recently the Orlando area is attracting an increasing number of home buyers and renters seeking to settle in the city. The value of homes in the Orlando area has steadily increased thanks to the great weather, world-class amusement parks and a strong workforce.
With an investment of more than $ 4.2 billion to improve Orlando's infrastructure, which includes the eleventh largest airport in the country and improvements to transportation lines such as Virgin Train and Hyperloop. Interest in Orlando continues to increase due to these changes. Companies like Amazon and Lockheed Martin are taking note, building warehouses and facilities that will create jobs and raise Orlando's profile as a suitable location for large companies.
Orlando leads the state and the nation in job growth. In January 2017, Orlando ranked first as the fastest growing job market in the country, with an employment base of at least one million jobs.
According to data from the U.S. Bureau of Labor Statistics (BLS), total non-farm employment as of October 2018 increased by 60,400 jobs (4.8%) year-over-year. The strong job creation is undeniable. In fact, the increase from September to September was even higher, 67,700 jobs (5.5%) a large increase by any standard.
The industry leader in job creation is the Leisure and Hospitality sector, which added 16,500 net jobs for a 6.4% increase. It is followed by construction with 11,900 jobs, giving a total growth of 16%, the highest rate of job creation among MSA industry groups for the period.
The Professional and Business Services segment was third with 9,000 net added jobs to generate 4%. The heading of Education and health services grew by 8,200 jobs. Read an article on Orlando's job growth HERE and another HERE
Big players are coming to the area and it's not just about the tourism industry. Read more about Orlando's economic activity HERE