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Q: What drives Orlando's economy? ( Answered 5 out of 5 stars,   1 Comment )
Subject: What drives Orlando's economy?
Category: Business and Money > Economics
Asked by: shikibobo-ga
List Price: $20.00
Posted: 23 Sep 2004 06:18 PDT
Expires: 23 Oct 2004 06:18 PDT
Question ID: 405221
Right of first refusal to googlenut-ga.

See 343176, 343973, 343179, 343174.

Request for Question Clarification by googlenut-ga on 23 Sep 2004 11:14 PDT
Hello shikibobo,

Thank you very much for offering these questions to me! I'd be happy
to work on them.  However, I am only able to work on them in the
evenings (Pacific Time), so it would probably take me a day or two to
complete them.  If this is O.K. with you, then I will start on them
this evening.  If you need your answers sooner, then it would probably
be better if you opened them up to other researchers.


Clarification of Question by shikibobo-ga on 23 Sep 2004 16:03 PDT
Googlenut, nice to see you again. No problem on the timetable. Looking
forward to your post.
Subject: Re: What drives Orlando's economy?
Answered By: googlenut-ga on 23 Sep 2004 21:47 PDT
Rated:5 out of 5 stars
Hello shikibobo-ga,

The biggest driver of Orlando?s economy is tourism.  Technology,
manufacturing and agriculture are also large drivers.  Orlando?s
largest employer by far is Walt Disney World with close to 56,000
employees.  The next largest employers are public schools, state
government and healthcare facilities.

The recent hurricanes in the Florida area will likely have an impact
on Orlando?s economy, primarily in the agriculture industry.  The
impact to the tourism industry will probably be small.


The Metro Orlando Economic Development Commission (EDC)

Tourism              $20.9 billion      211,000
High Tech             $9.9 billion      116,237
Manufacturing         $7.2 billion       67,573
International Trade  $1.54 billion       27,720
Film/TV Production    $586,140,000        2,555
Agri-Business         $1.6 billion       17,399?
Orlando seeking new type of tourist!NEWSROOM/moneystoryB0827TOURISM.htm
?Tourism is a mainstay of the economy in Central Florida. Brevard
County employs thousands of people in the hotel and related service
industries that serve the Orlando and Brevard tourism business. Also,
tourism represents a $2 billion-a-year industry to Brevard County.?


?The Orlando/Orange County Convention & Visitors Bureau forecasts: 

Combined domestic and international arrivals are expected to increase
6.7 percent in 2004 to 48 million visitors; 5.4 percent in 2005 to
50.6 million; and 4.8 percent in 2006 to 53 million visitors.

International visitation is expected to increase 7.1 percent in 2004
to 2.5 million visitors; 7.4 percent in 2005 to 2.6 million visitors;
and 6.5 percent in 2006 to 2.8 million visitors.

Growth in 2004 is expected to be broad-based, with increases in all
categories, including day visitors, overnight visitors, business
travelers and leisure travelers.
The forecast was based on data collected by Global Insight Inc. of
Waltham, Mass. The bureau began forecasting travel to the destination
in April 2002.?

Metro Orlando
Tourism & Conventions
?Metro Orlando hosted more than 39.12 million U.S. visitors and 2.86
millions of overseas visitors in 1999.

 Metro Orlando has approximately 106,816 hotel rooms. The second
largest concentration of hotel rooms in the U.S.

 More than 3.3 million people attended meetings and trade shows during 1998.

 The Orlando/Orange County Convention Center houses more than 1.4
million square feet of exhibit and meeting space.

 Metro Orlando is home to many popular tourist attractions, including
Walt Disney World, Disney-MGM Studios, Epcot, Disney's Animal Kingdom,
Universal Studios Florida, Universal Studios Islands of Adventure, and
Sea World of Orlando.?
Storms hit Florida economy hard
Monday, September 6, 2004 Posted: 0448 GMT (1248 HKT)
?Of Florida's biggest economic sectors -- tourism, agriculture,
construction, retail trade -- the state's agriculture, which has $6.4
billion in cash receipts, stands to be hurt the most by the double hit
from the two hurricanes, the economists said.?


?The long-term economic impact on Florida's largest industry -- the
$50 billion tourism sector -- likely will be minimal, mainly from
damaged hotels along Florida's coastal midsection.?


SEPTEMBER 30, 2002
?                                                     Number of
   Employer                         Type of Business  Employees  Percentage

1. Walt Disney World                Entertainment     55,900     6.17 %
2. Orange County Public Schools     Government        19,608     2.16
3. Florida Hospital                 Health            18,797     2.07
4. Publix Super Markets, Inc.       Service           15,628     1.72
5. Universal Studios Florida        Entertainment     12,000     1.32
6. Orlando Regional Medical Center  Health            12,000     1.32
7. Wal Mart                         Service           11,125     1.23
8. Orange County Government         Government        10,356     1.14
9. Seminole County Public Schools   Government         8,522     0.94
10. Winn Dixie Super Markets, Inc.  Service            8,045     0.89
11. Lockheed Martin                 Defense            7,998     0.88
12. Seminole County Government      Government         7,943     0.88?
Metro Orlando
Top Private Employers

The Metro Orlando Economic Development Commission (EDC)
City at a Glance 
Employment Profile 
Services 53.3% 
Government 7% 
Manufacturing 6.7% 
Construction 8.7% 
Transportation/Public Utilities 3.1% 
Wholesale Trade 4.0% 
Retail Trade 14% 
Finance, Insurance, Real Estate 3.2%


Other References:

The Metro Orlando Economic Development Commission (EDC)
Regional Data

The Metro Orlando Economic Development Commission (EDC)
Universities Will Be Key to Fueling New Business Opportunities

The Metro Orlando Economic Development Commission (EDC)
The Convergence of Orlando?s Entertainment and Technology Industries

University of Central Florida
Institute for Economic Competitiveness
Central Florida

U.S. Department of Labor
Bureau of Labor Statistics
Orlando, FL Economy at a Glance


I hope you have found this information helpful.  If you have any
questions, please request clarification prior to rating the answer. 
If any of the long links give you a problem, they should work if you
copy and paste them into your browser.

Once again, thank you for requesting me to answer your question.  I
will work on your Tampa question tomorrow evening.


Google Search Terms:

orlando florida economy

orlando florida economy tourism

"orlando florida" "largest employers"

orlando economy

orlando florida "economic base"
shikibobo-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00

Subject: Re: What drives Orlando's economy?
From: googlenut-ga on 27 Sep 2004 07:50 PDT
Once again, thank you!  I'm glad I was able to help.


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