Mitch Perry
Florida’s economy is in its best shape since the Great Recession, and Florida Tax Watch predicts it will be more robust in 2016.
The latest edition of Florida TaxWatch’s Economic Commentary says the Real Gross State Product is expected to grow 3.1 percent in 2016, higher than the national rate. Additionally, job growth is expected to continue to improve, with most experts predicting a 2.2 to 2.9 percent job growth in 2016.
“Looking back at where the state was during the depths of the Great Recession to where we are today, it is truly remarkable the improvement this state has seen in its economy,” Florida TaxWatch President and CEO Dominic Calabro said. “Thanks to crucial investments by the Legislature and the business community, Florida’s economy has turned itself around and has returned as the premier destination for companies looking to move or expand their business.”
Providing ballast to the rosy predictions is a Bloomberg Business list released last summer of the top 18 cities it predicts will have the most economic growth in 2016. The top four cities on the list were all in Florida: Naples, Sebring, the Villages, and the Cape Coral-Fort Myers area. Ocala was ranked seventh, and Orlando ninth.
