With the traditional hanky drop, the 2016 Legislative session has officially come to a close. The Legislature avoided a Special Session this year, approving the $82.349 billion state budget, which will fund various state agencies and critical needs for all Floridians.
There are very few products or services that impact, in one way or another, nearly every consumer in the United States. One product that does is gasoline. This Economic Commentary focuses on the impact of the reduction in oil prices on the U.S. and Florida consumers.
With four of Florida ports among the nation’s top 25 container ports and three among the top cruise ports in the world, the economic vitality of Florida’s ports should be an important focus of our state leaders. These ports are hubs of commerce and tourism that generate high-paying, sustainable jobs for Floridians while cementing our role and brand as the gateway for the Americas.
Investments in transportation infrastructure provide greater productivity and improved quality of life for all Floridians. Over the next 25 years, the cost of the unmet needs in the state’s transportation system is expected to reach $131.2 billion and would affect every part of every Floridian’s daily life from productivity to safety to access to high-paying jobs.
A recent study by George Mason University’s Mercatus Center reviewed the fiscal health of the United States, breaking down each state individually for comparison across several standardized metrics. This Economic Commentary takes a look into some of these measurements, as well as examining other areas that affect Florida’s fiscal standing.
Attracting younger physicians to Florida could help close health care access gaps and improve the state economy, according to a report from taxpayer watchdog Florida TaxWatch. The report calls for increasing the number of Graduate Medical Education programs, more commonly known as medical residencies, to attract additional doctors.
South Florida’s economy has seen considerable growth in recent years, thanks to a wide variety of investment options for foreign and domestic investors, according to a commentary from Florida TaxWatch, the independent, nonpartisan research group. A burgeoning innovation sector, increased foreign investment and a bolstered financial services market have augmented the region’s rapid growth.
Silicon Valley is synonymous with global technology, but could Florida be the next frontier? A new high-tech hub being developed outside Orlando will thrust the Sunshine State into the global advanced manufacturing industry, and promises high-skill jobs, new capital and the influence of a multibillion dollar industry.
A Central Florida technology research center could help launch the state’s high-tech manufacturing industry and ignite economic growth. The development of the Florida Advanced Manufacturing Research Center through the International Consortium for Advanced Manufacturing Research will help create, develop and support high-tech Florida companies producing smart sensor technologies for high-tech manufacturing goods.
GrowFL, a state program designed to grow and develop the biggest job-creating companies in Florida should be expanded, according to this report, which shows that the program’s impact statewide over the next ten years would help produce 25,000 jobs, diversify the state economy and provide positive return on Florida’s investments.
For over 45 years, donor support has made Florida TaxWatch the state’s leading independent voice for taxpayer accountability. There are many ways to support our mission.
