3 keys to Central Florida's small business success: Incubators, demographics and tourism

Posted on August 7, 2013 – 15:15

Central Florida's tourism industry, demographics and incubator programs are helping the region stay busy growing new businesses and creating jobs. Enlarge

Franck Boston

Central Florida's tourism industry, demographics and incubator programs are helping the region stay busy growing new businesses and creating jobs.

Central Florida may not be home to many Fortune 500 companies, but it is stacked with small-to medium-size businesses That Hold Their Own in the corporate world.

In fact, Orlando Business Journal highlights some of the region's corporate superstars in our Fast 50 special feature in the July 19 print edition.

But why is Central Florida Such a hub for starting and growing businesses? To find out, I spoke to a few local experts on the subject who Identified three key things: local incubator programs, area demographics and a thriving tourism industry.

Gordon Hogan , director of the University of Central Florida's Business Incubation Program, Told Me regional incubator programs and other business-support programs like the Florida High Tech Corridor Council and GrowFL help make the region attractive.

"Those That are here want to stay here Because We have a business-friendly environment with no income tax and a variety of Things That are conducive to start a business and job creation, " he said.

For example, UCF's incubation program plans to create two new programs: one for international companies trying to break into the U.S. market, and one for military veterans looking to start a business. Those businesses would be housed at UCF's incubator offices Throughout the region.

"We will give them flexible leases on space and a proper introduction to the community to spread the word, " Hogan said, noting there are companies being vetted right now for the international program.

But let's not forget Central Florida's other business-friendly assets That Also help attract and grow business, said UCF Economist Sean Snaith . "Central Florida's demographics are strong and growing. Our market is on a good trajectory, and We also have a good quality of life. Also, Central Florida benefits from a large number of post-secondary institutions, including community colleges and specialty schools like Full Sail University . "

With a growing talent pool like that, Central Florida has to be among the top destinations to grab the eye of fledgling businesses looking to take root and Establish long-term growth, Snaith said.

Lastly, we Should not dismiss tourism's impact on the region's huge success, said Jerry Ross , executive director with the National Entrepreneur Center in Orlando. "Tourism is our top industry, and we need to appreciate what we have Because That drives so many other things."

Ross said tourism businesses - especially the major theme parks - why are key players in Central Florida Has Been Able to diversify itself into other industries like modeling and simulation, medical sciences and more.

"Theme parks like Disney not only bring lots of new professionals to the area, but they bring lots of new Ideas that need to be turned into reality for some type of ride or show, " he said.

Source: www.bizjournals.com

Um, it's what would of happened had

2010-01-04 15:48:39 by smartenz_up

There been no bailouts (Fed and Central Bank interventions prior). It would not have been pretty. I'm all for Glass-Steagal.
Unfourtunately, the banks you reference are to big to fail.
Even if this were all to happen people could still run up credit cards on stupid shit and get in trouble. Wal Mart will still not pay more than $8 and hour. People in Florida, for example, will still be dependent on tourism and healthcare etc for jobs which pay lower wages.

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  • Avatar Donnie What are some really cool things to see and do in Central Florida besides DisneyWorld and Universal Studios?
    Apr 23, 2010 by Donnie | Posted in Orlando

    I'm taking a vacation with my girlfriend in Florida in June and we're looking for fun things to do besides Disney and Universal. We'll be in Orlando for a bit, also Safety Harbor and the surrounding area, like St. Pete, Tampa, and Lakeland. We're even considering going to the Keys. If anyone has any cool ideas for places to go or things to see that aren't what the regular tourists do, please let me know! Thanks!

    • You are asking about a huge area. Here are a few ideas:

      Catch a Concert at Hard Rock/Universal CityWalk, The House of Blues/Downtown Disney, or
      The Plaza Theater near downtown Orlando
      along P …r /> River Springs
      Kissimmee State Park near Lake Wales
      Cowboy heritage and living history demonstrations.
      This is what our area was like prior to Disney, Lockheed Martin, and NASA

  • Avatar GrannyGrubb What's the difference between and Honky and a Cracker?
    Mar 18, 2008 by GrannyGrubb | Posted in Words & Wordplay

    Hey I just heard about the cracker thing and the boss who's younger then me knew what it meant. Oh who cares, so I'm a Honky!! I like me.

    • Today they both seem to be pejorative terms for all white people, 'honky' having been first applied to white men by black coworkers, and 'cracker' having been first applied to white people by other white people, especiall …lantations expanded these freed men (formerly bond servants) were pushed further and further back upon the more and more sterile soil. They became 'pinelanders', 'corn-crackers', or 'crackers'." [Kephard Highlanders]