This year is expected be one of economic growth and recovery for the Sunshine state, according to Florida TaxWatch, a nonpartisan, nonprofit public policy research institute and government watchdog group.
Florida’s economy will experience economic growth anywhere from between 2.7 percent to 4.2 percent, according to various estimates, faster than the nation. As well, the state’s employment rate is expected to outpace the nation’s again in 2015.
“Florida had a very successful year in 2014, as shown by our state’s latest revenue increases and jobs numbers, and Florida’s economy and job growth should keep climbing in 2015,” said Dominic M. Calabro, President and CEO of Florida TaxWatch. “Florida is making the right economic investments and we are consistently beating the rest of the nation in development and growth. Even our latest population numbers show that people want to be a part of what we’re doing here in Florida.”
According to Florida TaxWatch, growth will be driven mainly by the construction, professional and business services, and the transportation, warehousing and utility sectors. Florida’s housing market, although still facing high foreclosure activity, is expected to continue on its path of recovery through 2015.
See Florida TaxWatch 2015 Preview HERE.
