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Economic Competitiveness
Economic Development Roadmap: The Florida Council of 100 has a plan to grow high-wage jobs and resilient industry sectors across the state.
June 26, 2024
Florida Trend
By Amy Keller
The Florida Council of 100 today unveiled a statewide economic development blueprint that aims to add 200,000 high-wage jobs and $100 billion to the state’s GDP by 2030.
The 26-page report — “Beyond Sunshine: Advancing Florida’s World Class Economy for the Next Generation” — recognizes there cannot be a one-size-fits-all approach across Florida and presents strategies specific to six regions of the state. Built on research by McKinsey and conversations with key industry leaders and economic development officials around the state, it identifies both existing and emerging “priority sectors” for Florida’s economic development community to focus on in each of those regions.
Mike Simas, president and CEO of Florida Council of 100, a 63-year-old nonpartisan group of business leaders, says the goal of the study was to identify Florida’s “best bets” as they relate to wages and resiliency across a spectrum of industries. “You really want industries that will pop back up in a reasonable amount of time without too much job loss” after an economic downturn, Simas says. They also need to provide jobs that can sustain the cost of living in Florida, “given that we’re really, in some of these regions, no longer a low-cost market.”