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.
Um, it's what would of happened had2010-01-04 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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