July Business After Hours
Thursday, 07/17/2008
5:30 p.m. – 7:30 p.m.
Page Theus Funeral Home
914 W Main Street, Leesburg
Jimmy Buffett Night
After Hours Party!
Island Attire Welcome
 
JulyContact Breakfast
Thursday, 07/24/2008
7:15 a.m.
Leesburg Area Chamber Business Builders Groups
Leesburg Community Building
 
Central Florida Health Alliance Business EXPO
Thursday, 10/02/2008
2:00 p.m. – 6:00 p.m.
Hosted by Lake-Sumter Community College
9501 U.S. Highway 441
Join us for Lake County’s LARGEST Business EXPO!
 
72nd Annual Plaza Cadillac, Plaza Lincoln Mercury Installation Gala
Thursday, 12/04/2008
5:30 p.m. – 8:30 p.m.
Hosted by ACA Camp Geneva
36540 Via Marcia
Fruitland Park, FL 34731
“The Whos of Chamberville!”
 
12th Annual Embarq Golf Classic
Friday, 03/27/2009
10:00 a.m. Shotgun Start
Hosted by Continental Country Club
50 Continental Boulevard, Highway 44 East
Wildwood, FL 34785

 



Demographics

Lake County's strategic development has attracted an impressive array of manufacturers and distribution centers. Available land and a pro-business attitude contribute to the county's success in attracting new and expanding businesses.

The county-owned Christopher C. Ford Commerce Park serves as a model for efficient permitting. Other key assets are Lake Technical Center and Lake-Sumter Community College, both of which prepare citizens for the challenges of the job market. The University of Central Florida, Troy State University and St. Leo University also provide higher education for an increasingly skilled workforce.

Large distributors, such as Domino's Pizza, Sprint North Supply, Circuit City, and Goodyear Tire and Rubber Company, have found the county's central location a significant business benefit. Convenient access to Florida's Turnpike allows for easy and efficient distribution throughout the state and the Southeast.

An emerging industry in Lake County has been sports medicine and technology. South Lake Hospital's 150-acre all-in-one campus is home to the National Training Center, which is designed to meet the needs of all ages and at all fitness levels, from residents in the local community to national and international athletes. Together the Central Florida Sports Commission and National Training Center partner to develop triathlon training programs and events throughout central Florida.

Another emerging market for Lake includes agra-technology. Companies such as Agri-Starts III, Inc., Florida Food Products, Inc. and Seninger Irrigation, Inc. call the county home. Creation of the 80-acre Eustis Commerce Park has attracted high-wage, high-value tenants such as U.S. Nutra and Traymax, Inc.

As one of the top economic development groups in the world, the Metro Orlando Economic Development Commission (EDC) generates new business investment, technology industry growth, international trade, and film and television production for Lake County and the rest of the four-county Metro Orlando region. The EDC also works to ensure that companies remain and expand here.

Population Trends 1990 2000 2004 2009*
* As projected.
Source:
Decision Data Resources - 2005 
152,104
210,528
256,893
311,975
Population By Ethnicity *        
White    
224,429
87.4%
Black    
21,607
8.4%
Asian    
2,141
0.8%
American Indian/Eskimo/Aleut    
856
0.3%
Other    
4,824
1.9%
2 or more races    
3,036
1.2%
Total    
256,893
100.0%
               
Hispanic    
20,693
8.1%
* Note: Hispanic is not a race, thus are not delineated separately.
Source:
Decision Data Resources - 2005
Population By Age        
0-14
   
43,875
17.0%
15-24
   
37,915
10.9%
25-44
   
59,302
23.1%
45-64
   
60,375
23.5%
65 and over
   
65,426
23.5%
       
Median Age
   
44.2
Source: Decision Data Resources - 2005
Population By City        
  Astatula
Clermont
Eustis
Fruitland Park
Groveland
Howey-in-the-Hills
Lady Lake
Leesburg
1,640
10,986
18,151
3,728
2,988
1,217
14,198
18,540
    Mascotte
Minneola
Montverde
Mount Dora
Tavares
Umatilla
Unincorporated
2,951
6,700
1,170
11,365
11,568
2,487
149,204
  Source:Decision Data Resources - 2005
 
Commuting Patterns        
  Into Lake County - From*    
  Lake County
Orange County
Seminole County
Marion County
Sumter County
31,842
7,063
1,645
3,968
3,188
70.80%
9.65%
2.25%
5.42%
4.35%
       
  From Lake County - To*    
  Lake County
Orange County
Seminole County
Volusia County
Sumter County
51,842
20,009
2,979
1,536
1,214
63.64%
24.56%
3.66%
1.89%
1.49%
*Note: percentages are those that work in Lake County and live in a specific county.
Source: 2003 Census Release, latest data available - 2005
 
Labor   Taxes / Finance
Labor Force (2001) 112,750  

Taxes

 
County Unemployment Rate 4.0%   Personal Income Tax None
National Unemployment Rate 5.2%   Personal Property (millage rate) 18.3810 - 22.3620
Florida Unemployment Rate 4.0%   Corporate Income Tax 5.5%
MSA Unemployment Rate 3.7%   Sales Tax 7%
Note: Data compiled monthly, not seasonally adjusted.
Source: Florida Agency for Workforce Innovation, Labor Market Statistics - July 2005
  Source: County Tax Collector -2005
Financial Institutions (Billions)   Major Employers
Bank Deposits $2,310,594   Lake County Public Schools  
Saving & Loan Deposits $429,678   Villages of Lake-Sumter, Inc.  
Source: Florida Banker's Association   Leesburg Regional Medical Center  
Cost of Living (MSA)   Florida Hospital/Waterman, Inc  
Composite Index 99.8   Sprint  
Grocery Items 92.4   G&T Conveyor Company, Inc.  
Housing 98.1   Casmin Inc  
Utilities 97.3   Lake Port Square  
Transportation 101.9   Bailey Industries  
Health Care 94.9   Accent  
Miscellaneous Goods & Services 104.6   .Lake County Sheriff's Department
      .Lake County Government
Source: ACCRA Cost of Living Index -- 2nd Quarter 2005   Cherry Lake Tree Farm
    Source: Metro Orlando Economic Development Commission - 2005
Retail Sales   Business Start-UPS
($ Billions) $2,238,882  
1999 2000 2001 2002 2003 2004
2,012 2,234 2,900 3,454 4,479 6,136

*Note: INcludes home-based businesses
Source: 2004, www.MarketForceCorporation.com - 2005

     
Education      
  Elem. School Junior/Middle High School Tech. Centers Charter School
Number of Schools 21 9 8 3 8
Number of Students 16,168 8,014 9,806 n/a n/a
Number of High School Graduates (2004) 1,751
Source: www.firn.edu/dot/eias/flmove/lake.htm, Lake County School Board - 2004
 

Test Scores (Average)

      Mean
  SAT Scores (Verbal/Math) 653/654 501/307
  ACT Scores 28.7 20.8
  *Top 10% of test-takers.
Source: 2004 FL Department of Education - 2003
 
  Education Profile
  Graduate Degree 9,890 5.3%  
  Bachelor's Degree 20,833 11.3%  
  Associate's Degree 10,961 5.9%  
  Some College 42,560 23.0%  
  High School Graduate 63,418 34.3%  
  Grade 9 - 12 (no diploma) 26,840 14.5%  
  Grade K - 8 10,581 3.7%  
  Number of Adults 185,103 100.00%  
  Source: Decision Data Resources - 2005  
           

Economic Projections      
  2000 2001 2002 * 2003 *
Population 210,528 214,904 219,358 228,281
Employment 62,652 64,492 62,703 63,712
Income (Billions) $6.2 $7.4 $8.6 $9.8
Unemployment Rate 2.7 3.0 4.8 5.0
Housing Starts 5,117 3,930 4,030 3,213
Single Family 3,863 3,689 3,432 2,885
Multi-Family 1,255 241 598 328
* As projected. Source: Fishkind & Associates Econocast - 2002

Housing (MSA)

 

2002

2003 2004 2005
Average Home Price $136,600 $145,100 $169,600 $232,200
National Average $158,100 $170,000 $184,000 $208,500
Note: Not seasonally adjusted.
Source:National Association of Realtors, 2nd Quarter 2005
   
Facilities  

Each WEEK Metro Orlando Welcomes AN ESTIMATED:
$508 million in retail sales
1,275 new adult residents
549,407 air travelers
531 residential building permits
$689 million total buying income
103 new businesses
3314 new jobs
866,000 visitors

Source: Orlando Sentinel Market Book - 2005

Leesburg Regional Airport
Located 30 miles northwest of Orlando, the Leesburg Regional Airport features a 5,000 foot asphalt runway. The airport, accommodates general aviation and corporate pilots with 24 hours a day services which include FBO facilities, fuel, flight instruction, maintenance, refurbishing, navigational aids, industrial space, hangar space, and open tie-down space. The airport also features a recently added U.S. Customs and border protection inspection. For those interested in starting a business in this thriving area, land is available for aeronautical industries and commercial frontage is available for other development.


Company

Investment

Product/Services

National Institute of Telehealth (NIT) $5,000,000 Interactive Video Tech./Research & Dev.
Southeast Fabricators, Inc. N/A Mfg. Steel Signage
Anchor Coatings, Inc of Leesburg $1,000,000 Mfg. Exterior Coatings
Umatilla Academy for Girls $4,000,000 Residential Treatment for At-Risk Girls
Blue Rhino $6,000,000 Refurbish Propane Cylinders
ICS of Florida, Inc. $800,00 Mfg. Energy Efficient Panels
Traymax, Inc. $750,000 Mfg. Plastic Trays
Total Industrial Market Summary    
Total existing industrial space 76.81 million sq. ft.  
Under construction 93,460 sq. ft.  
Current vacancy rate 6.9%  
Lease rate $4.76 avg / sq. ft.  
Net Absorption (YTD 2005) 1.32 million sq. ft.  
Total Office Market Summary  
Total existing office space 40.38 million sq. ft.  
Under construction 152,100 sq. ft.  
Current vacancy rate 9.9%  
Lease rate (class A) $19.56 / sq. ft.  
Net Absorption (YTD 2005) 1.057 million sq. ft.  
Central Business District Office Market Summary  
Total existing CBD office space 5.33 million sq. ft.  
Current vacancy rate 9.1%  
Lease rate (class A) $19.93 / sq. ft.  
Construction Costs $70.00 - $150.00 / sq. ft.  
Source: CoStar, 2nd Quarter 2005  
Bulk Distribution Warehouse Summ