Thursday, May 13, 2010, 10:18am EDT
Study: Orlando economy 27th in nation
Orlando Business Journal
Orlando moved up a spot to 27th strongest economy among 366 U.S. metropolitan areas, according to an annual report by Policom Corp.
Although the area moved from 28th to 27th on the report, it is down significantly from its rank of 13th on the 2007 report.
Orlando was the highest Florida city ranked on the list. The Miami-Fort Lauderdale area was ranked 53rd, Jacksonville, 76th, and Tampa-St. Petersburg 85th.
To compile its report, Palm City-based Policom said it measured 23 different economic factors from 1989 to 2008. Positive factors in the rankings include wages and income broken down in several ways, plus jobs in key sectors; negative factors include welfare and Medicaid spending.
“The rankings do not reflect the latest ‘hot spot’ or boom town, but the areas which have the best economic foundation,” says William Fruth, president of Policom. “While most communities have slowed or declined during this recession, the strongest areas have been able to weather the storm.”
Seattle tops the list, followed by the metro Washington, D.C.; Denver; and Houston. Danville, Ill., ranks last.
To access the report, click here.
Read more: Study: Orlando economy 27th in nation – Orlando Business Journal:
Courtesy of Orlando Business Journal