At the highest estimate, Florida’s population is projected to increase by 6 million people for a total population of nearly 26 million by 2030. To put it in perspective, that’s larger than the current population of Australia. Florida can expect that two-thirds of the population growth will occur in just 15 of Florida’s 67 counties. Of the total growth, more than half will occur in just 10 counties.
This means that Florida’s high-population counties are expected to become even more densely populated in the future. While the growth could potentially create issues with congestion, water availability and increased need for schools and other public works, there are numerous opportunities for a booming real estate market, expansion of business and increased capital investment. The larger concentration can also provide more opportunities for transit solutions as the density grows in some areas of our state.
As population increases, job creation will become imperative to sustaining Florida’s economic prosperity. By marketing Florida as an ideal business location, the state can attract new high-wage jobs and compete on a global scale.
“We have an incredibly compelling story, and we should tell it,” said Eric Silagy, President and CEO of Florida Power & Light Company. “People need to know that Florida is more than just a fantastic tourist destination – it’s a place where businesses, both domestic and international, are successfully competing and growing.
As the second largest county, Broward County’s population is currently estimated at 1.8 million and is expected to increase to 1.94 million by 2030. At Broward County’s recent “State of Our County” forum, 900 business, civic and community leaders gathered to discuss the future of the county.
Tony Carvajal, executive vice president of the Florida Chamber Foundation, spoke about the increase in population, stating that while Broward County appears to be growing economically, it needs to have plans in place to be well-positioned for even more growth. Carvajal said that 90,000 new jobs must be created by 2030 – particularly in the fields of science, technology, engineering and mathematics (STEM).
As a Florida Chamber Foundation Six Pillar Community, Broward County is prepared to meet the challenges presented by population growth. By following the Six Pillar framework, the county is implementing a strategic plan that will guide them to a future economy that includes prosperity, high-paying jobs, a vibrant community, and global competitiveness.
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About the Florida Scorecard:
The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy. Each month, the Florida Chamber Foundation produces a Scorecard Stat that takes an in-depth look at one aspect of Florida’s economy. If you would like additional information on the Weekly Scorecard Stat or on the Florida Scorecard, please contact Dr. Jerry Parrish with the Florida Chamber Foundation at 850.521.1283.