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Industrial Sales Jobs - Lakeland Florida - 50 Mile Radius

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Industrial Sales Jobs - Lakeland  Florida - 50 Mile Radius Powered By Docstoc
					DEMOGRAPHIC
GUIDE 2009

              population
              workforce development
              industry sectors
              major employers
              wages & income
              taxes
              education
              housing
              Redevelopment & Economic Incentives
              construction & development




                              LAKELAND
                                          City of

                           Community Development
Built upon historic character, philanthropy and volunteerism, Lakeland offers its residents, businesses and visitors a true sense of place.
Incorporated in 1885, Lakeland quickly became one of the premier cities in Florida. From the inaugural railroad service in the
mid-1890's to being one of the first cities in Florida to have electricity, Lakeland has always been a hub of innovation and progressive
ideas.


Lakeland has received the distinction of being on Money Magazine’s “Best Place to Live in America” list. In addition, Lakeland is home
to Publix Supermarkets, Florida Southern College, which hosts the largest one-site collection of Frank Lloyd Wright architecture, and is
the winter home to the Detroit Tigers.


The City of Lakeland offers an exceptional quality of life. A firm commitment to downtown development, redevelopment, historic
preservation, cultural amenities, and a exceptional business-friendly environment has helped Lakeland to thrive for over 120 years.
Growth and progress exemplify our City all the while maintaining a sense of history and a hometown feel.

               Lakeland is a great place to do business and a
                        wonderful place to live, work and raise a family.
Ranked #4 nationally by CNN Money Magazine for “The Best Places to (Still) invest”; February 2007
Ranked #6 nationally by Inc.com for “Boomtowns 2007: Top 20 Cities for Doing Business”; October 2007
Ranked #17 by MSN.com Real Estate “66 Cities where buying makes sense”; July 2008
Ranked #27 nationally out of 400 cities by Inc.com for Boomtowns 2007


                                                                                        Over 8.6 million people within a 100-mile radius

                                                                                        32 miles from Tampa

                                                                                        54 miles from Orlando

                                                                                        Midway between Key West and the Georgia state line

                                                                                        Two International airports within an hour's drive

                                                                                        Located on Interstate 4 in the middle of Florida's
                                                                                          High Tech Corridor.

                                                                                        Lakeland has an abundant available labor force
                                                                                          with an unemployment rate under 4%.

                                                                                        Located in Polk County, the eighth largest County
                                                                                          in the state.

                                                                                        Polk County boasts over 550 lakes and 90 minute
                                                                                          drives to beaches on both coasts.

                                                                                        The Central Florida Development Council estimates
                                                                                          that 1.5 million tourists visit Polk County
                                                                                          each year.
Economic Indicators

      Economic Snapshot............................................................................................................................................. 3

      Population .............................................................................................................................................................. 4

      Workforce Development .................................................................................................................................. 6

      Industry Sectors.................................................................................................................................................... 7

      Major Employers................................................................................................................................................... 8

      Wages & Income................................................................................................................................................... 9

      Taxes ...................................................................................................................................................................... 10

      Education.............................................................................................................................................................. 12

      Housing – Home Sales and Prices................................................................................................................ 15

      Construction and Development................................................................................................................... 16




     Ranked 20th by Bizjournals.com among
        the 2008 Growth Center Rankings
  measuring 5-year population, employment and
income growth for the top 100 metro areas in the US.




                                                                                    2
Economic & demographic SNAPSHOT
 POPULATION                                                               Source
 City of Lakeland Population (2008)                        93,508              BEBR
 Lakeland Electric Service Area (2008)                  252,731                Lakeland Electric
 Polk County Population (2008)                          585,733                BEBR
 State of Florida Population (2008)                   18,807,219               BEBR


 CITY OF LAKELAND                                                   Source                         City of Lakeland
 Total Number of Households (2008 Est.)                    36,585   Claritas                        Historical Size
 Average Household Income (2008 Est.)                   $51,753     Claritas                       and Population
 Median Household Income (2008 Est.)                    $38,349     Claritas                        Year   Population Size in
                                                                                                                      Square
                                                                                                                      Miles
 Lakeland Per Capita Buying Income (2008 Est.)          $23,006     Claritas
                                                                                                   1980     47,406     20.59
 Average Income for 4-Person Family (2008 Est.)         $61,892     Claritas
                                                                                                   1990     70,576     44.23
 Median Income for 4-Person Family (2008 Est.)          $47,345     Claritas
                                                                                                   1995     74,626     50.55
                                                                                                   2000     78,452     51.91
 Lakeland Labor Force (2008)                               42,678   AWI
                                                                                                   2001     82,942     54.15
 Lakeland Unemployment (2008)                               6.10%   AWI
                                                                                                   2002     87,150     67.54
 Lakeland Private Employment (2008)                        35,207   BLS
                                                                                                   2003     88,741     67.60
 Average Home Sales Price (2008)                       $160,372     Mid Florida Regional MLS
                                                                                                   2004     89,731     69.94
 Single Family Permits (2008)                                252    City of Lakeland
                                                                                                   2005     90,851     71.38
 Multi-Family Permits (2008)                                   25   City of Lakeland
                                                                                                   2006     91,623     72.17
 Warehouse/Industrial Square Feet Permitted (2008)         24,446   City of Lakeland
                                                                                                   2007     93,428     73.41
 Commercial Square Feet Permitted (2008)                103,447     City of Lakeland
                                                                                                   2008     93,508    74.33
 Retail Square Feet Permitted (2008)                       97,557   City of Lakeland




      Sources:
      University of Florida Bureau of Economic
      & Business Research (BEBR)
      Bureau of Labor & Statistics (BLS)
      Claritas Market Place 2007
      Lakeland Economic Development Council (LEDC)
      Mid Florida Regional MLS
      Florida Agency for Workforce Innovation (AWI)



                                                       3
population
City of Lakeland                                                              Polk County & Florida
Year         Population                  Sq. Miles                            Year               Polk County                  Florida
1980           47,406                    20.59                                1980                 321,652                    9,746,961
1990           70,576                    44.23                                1990                 405,382                  12,938,071
1995           74,626                    50.55                                1995                 443,153                  14,336,202
2000           78,452                    51.91                                2000                 483,924                  15,982,378
2001           82,942                    54.15                                2001                 496,112                  16,331,739
2002           87,150                    67.54                                2002                 502,385                  16,674,608
2003           88,741                    67.60                                2003                 511,929                  17,071,508
2004           89,731                    69.94                                2004                 528,389                  17,561,732
2005           90,851                    71.38                                2005                 535,800                  17,918,227
2006           91,623                    72.17                                2006                 564,868                  18,349,132
2007           93,428                    73.41                                2007                 581,058                  18,680,367
2008           93,508                    74.33                                2008                 585,733                  18,807,219

             1990 Population by Age                                             2000 Population by Age

         12000

         10000

         8000

         6000

         4000

         2000

            0
                 Under 5   5 to 9   10 to 14 15 to 19 20 to 24 25 to 34   35 to 44 45 to 54 55 to 64 65 to 74   75 to 84 Over 85




 2000 Population by Race                                                                          2000 Population by Sex
 White or Caucasian                               74.86%                                          Male                               46.45%
 Black or African American                       21.65%                                           Female                            53.55%
 American Indian                                     .28%
                                                                                                 Source: U.S. Census Bureau
 Asian                                             1.36%
 Native Hawaiian/Pacific Islander .06%
 Other Race                                         1.79%

                                                                     4
population
          Florida’s Top 25                         Metro and Non-Metro
        Incorporated, 2008                           Population, 2007
 City                   Population       Metropolitan Statistical Area                  Population
Jacksonville             859,421         Miami/Ft Lauderdale/Miami Beach                     5,523,032
Miami                    406,242         Tampa/St. Petersburg/Clearwater                     2,733,678
Tampa                    339,365         Orlando/Kissimmee                                   2,083,932
St. Petersburg           251,459         Jacksonville                                        1,351,368
Orlando                  234,130         Sarasota/Bradenton/Venice Beach                       703,351
Hialeah                  228,157         Cape Coral/Fort Myers                                 615,741
Ft. Lauderdale           180,400         Lakeland                                            581,058
Tallahassee              177,852         Melbourne/Titusville/Palm Bay                        552,109
Cape Coral               165,774         Daytona Beach/Ormond Beach                           508,014
Port St. Lucie           157,902         Pensacola                                            453,919
Pembroke Pines           151,747         Fort Pierce/Port St. Lucie                           415,698
Hollywood                143,172         Tallahassee                                          366,205
Coral Springs            128,930         Naples/Marco Island                                  333,858
Gainesville              124,491         Ocala                                                325,023
Miramar                  112,666         Gainesville                                          264,667
Miami Gardens            111,171         Fort Walton Beach                                    196,540
Clearwater               110,251         Panama City                                          167,631
West Palm Beach          103,663         Punta Gorda                                          164,584
Palm Bay                 102,519         Sebastian/Vero Beach                                 139,757
Pompano Beach            100,058         Total All MSA’s                                 17,480,156
Miami Beach               94,040         Total Non-Metro                                     1,200,211
Lakeland                 93,508          Total Florida                                   18,680,367
Davie                     92,207
Sunrise                   90,081
Deltona                   85,921          Source: University of Florida Bureau of Economic
                                          and Business Research, Florida

                                     5
workforce development

       Workforce Development                              Lakeland                             Lakeland Annual Labor Force
       Recent Job Growth                                   -3.30%
                                                                                    46000
       5-Year Job Growth                                  15.29%                    44000
       Unemployment Rate                                   6.10%                    42000
                                                                                    40000
       Sales Taxes                                         7.00%                    38000
       Income Taxes                                        0.00%                    36000
                                                                                    34000
       Median Household Income                            $38,349
                                                                                    32000
       Per Capita Buying Income                           $23,006                           1999 2000 2001 2002 2003 2004 2005 2006 2007 2008




                                                                                      Economic Development Activity 1992-2008
           2008 Lakeland MSA Unemployment                                              Year     Projects     Jobs    Square Feet      Est.Capital
                       By Month                                                                                                       Investment
10.0%                                                                                  1992     31           461      1,353,750       $ 18,107,750
 9.0%
 8.0%                                                                                  1993     30         1,228      1,686,050       $ 59,600,000
 7.0%                                                                                  1994     19         1,267      1,208,000       $116,080,000
 6.0%
 5.0%                                                                                  1995     32           602      1,290,400       $ 36,770,000
 4.0%
 3.0%                                                                                  1996     25           690      1,057,100       $ 63,350,000
 2.0%
                                                                                       1997     18           730      1,110,000       $ 20,900,000
          J    F      M    A     A      J   J      A     S    O      N    D
                                                                                       1998     22         1,093      1,552,500       $ 94,075,000
                                                                                       1999     20         3,295      1,676,000       $ 79,250,000
                                                                                       2000     25           533      1,861,000       $109,700,000
                                                                                       2001     27         1,705      1,692,450       $ 75,400,000
  Lakeland's Average Annual Unemployment Rate
                                                                                       2002     23         1,505      1,431,517       $ 38,260,850
8.0%                                                                                   2003     20           768        770,968       $ 15,364,555
7.0%
6.0%
                                                                                       2004     26         1,300      1,269,673       $ 33,805,000
5.0%                                                                                   2005     23         1,110      1,640,489       $ 29,932,600
4.0%
3.0%
                                                                                       2006     30           609      1,309,512       $ 38,115,337
2.0%                                                                                   2007     29           734      1,057,892       $ 44,083,425
        2001   2002       2003       2004   2005       2006   2007       2008
                                                                                       2008     16         1,247      1,513,878       $173,467,817

                                                                                       Source: Lakeland Economic Development Council (LEDC)

                                                                                     Ranked # 22 by Bizjournals.com for
                                                                                     “Hottest Job Markets in America”;
                                                                                                October 2007
                                                                                6
   industry sectors
     Lakeland MSA – Total Nonagricultural Employment (December 2008)

     Goods Producing                                                  28,500            13.6%
     Natural Resources & Mining                                        1,000             0.5%                                              0.5%
     Construction                                                     12,100             5.8%                                                   5.8%
     Manufacturing                                                    15,400             7.3%                            14.2%
                                                                                                                                                       7.3%
     Service Providing                                               181,300            86.4%
                                                                                                                4.4%                                      4.8%
     Wholesale Trade                                                  10,100             4.8%
     Retail Trade                                                     27,300            13.0%
                                                                                                              8.2%
     Transportation, Warehousing & Utilities                          12,000             5.7%                                                                 13.0%
     Information                                                       2,000             1.0%
     Financial Activities                                             11,500             5.5%
     Professional & Business Services                                 33,400            15.9%                  13.7%                                          5.7%
     Education & Health Services                                      28,800            13.7%                                                            1.0%
     Leisure & Hospitality                                            17,300             8.2%                                      15.9%               5.5%
     Other Services                                                    9,200             4.4%
     Government                                                       29,700            14.2%

     Source: Florida Agency for Workforce Innovation


                                                                                        Industry Sector Comparison
     1. Natural Resources & Mining    7. Information                        40000
                                                                            35000
     2. Construction                  8. Financial Activities               30000
                                                                            25000
     3. Manufacturing                 9. Prof. & Business Services
                                                                            20000
     4. Wholesale Trade              10. Education & Health Services        15000
                                                                            10000
     5. Retail Trade                 11. Leisure & Hospitality               5000
     6. Transportation               12. Other Services                         0
        Warehouse & Utilities        13. Government                                 1    2   3       4    5     6        7     8     9     10     11     12     13

                                                                                                 1990 Industry S ector       2008 Industry S ector




Ranked 22nd nationally
 by the Milken Institute
 for 5-year job growth
and 26th for salary and
wage growth within the
  200 best performing
      cities in 2008.



                                                                        7
major employers

 Employer                           Business                            Number of Jobs
 Publix Super Markets, Inc          Supermarkets (stores & warehouse)   6,644
 Lakeland Regional Medical Center   Hospital                            4,540
 GEICO                              Insurance                           1850
 Watson Clinic                      Medical Clinic                      1,500
 GC Services                        Teleservices                        1,000
 Rooms To Go                        Furniture Distributor                 900
 FedEx National, Ltl                Trucking                              850
 Saddle Creek Corporation           Trucking & Logistics                  680
 Summit Consulting                  Insurance                             654
 ICT Group                          Teleservices                          500

 Manufacturing
 Publix Super Markets, Inc.         Deli, Dairy & Bakery                1,419
 Key Safety Systems                 Air Bag Manufacturing                 580
 McDonald Construction Corp.        Construction                          400
 Country Hearth Bread               Bakery                                340
 Pepperidge Farm                    Bakery                                313
 The Ledger Publishing Company      Newspaper                             284
 Tampa Maid Foods                   Shrimp Processing                     260
 Carpenter Company                  Insulation                            235
 GTECH                              Print Processing                      221
 FMC Corporation                    Citrus Processing Machinery           190
 Keymark                            Aluminum Extrusions                   175

 Government
 City of Lakeland                   Government                          2,600

                                                     Over the past five (5) years
                                                   Lakeland ranks 7th in the nation
                                                     in private sector job growth
                                                   with a 20.9% increase from 2002
                                                             through 2007.
                                                     Tampa Bay Business Journal

                                               8
wages and income
                                                                              Average Annual Wage
                                                           38,000
 Industry                                  Annual Wage     36,000
                                                           34,000
                                                           32,000
 Private Industry                          $33,863         30,000
                                                           28,000
 Local Government                          $36,671         26,000
                                                           24,000
 Natural Resource & Mining                 $26,851         22,000
                                                           20,000
 Construction                              $38,384                  1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

 Manufacturing                             $42,814
                                                                       1997 $25,051                2003 $30,277
 Wholesale Trade                           $44,372
                                                                       1998 $26,181                2004 $31,387
 Retail Trade                              $24,776
                                                                       1999 $26,957                2005 $31,928
 Transportation & Warehousing              $36,924
                                                                       2000 $27,880                2006 $33,592
 Utilities                                 $74,872                     2001 $28,890                2007 $35,568
 Information                               $44,184                     2002 $29,505                2008 $36,920
 Finance & Insurance                       $49,669
                                                         Florida Agency for Workforce Innovation
 Real Estate & Rental Leasing              $31,359       Based on Lakeland MSA 2007 Estimates

 Professional, Scientific Services         $47,456
 Management of Enterprises                 $53,300                          Per Capita Income
 Administration & Waste Services           $23,305                     Year      Lakeland           Florida
 Educational Services                      $26,412                     1997 $20,581                 $24,502
 Healthcare & Social Services              $39,234                     1998 $22,213                 $25,987
 Arts & Entertainment & Recreation         $22,390                     1999 $23,140                 $26,894
                                                                       2000 $23,721                 $28,507
 Accommodations & Food Services            $13,872
                                                                       2001 $24,850                 $29,277
 Other Services                            $26,850
                                                                       2002 $24,998                 $29,727
 Florida Agency for Workforce Innovation                               2003 $25,679                 $30,330
                                                                       2004 $27,696                 $32,618
    Ranked in the top 10 by                                            2005 $29,625                 $34,798
       Bizjournals.com for                                             2006 $31,018                 $36,720

5-year per capita income growth.                                       2007 $31,418                 $38,444

        - November 2008                                        Source: Bureau of Economic Analysis(BEA)
                                                               Per Capita Income by MSA
                                                     9
tax information
 General Information
 The tax laws in Florida are advantageous both to industry and to individuals. There is no state personal income tax,
 no state ad valorem tax on real or tangible personal property, no inventory tax and no inheritance tax. This is indica-
 tive of Florida’s favorable tax climate – which is lower than most other southeastern states.

 Ad valorem rates in Lakeland and Polk County compare favorably with taxes in any other section of the United States.
 The City of Lakeland has one of the lowest operating millages in the state at 3.4031.

 State Sales Tax
 Florida has a 7% state sales tax. Exemptions include food and drugs, machinery and equipment for new businesses,
 and research and development equipment manufactured and used by a firm doing the research and development.
 Lakeland/Polk County has an additional 1% local sales tax as of January 2005.


 Corporate Income Tax
 Florida corporate income tax liability is computed using federal taxable income, modified by certain Florida
 adjustments, to determine adjusted federal income. A corporation doing business within Florida may apportion its
 total income. Adjusted federal income is apportioned to Florida using a three-factor formula. The formula is a
 weighted average, designating 25 percent each to factors for property and payroll, and 50 percent to sales.
 Non-business income allocated to Florida is added to the Florida portion of adjusted federal income. An exemption
 of up to $5,000 is subtracted to arrive at Florida net income. Tax is computed by multiplying Florida net income by
 5.5 percent.

 Communications Tax
 Businesses providing communications services are required to register to collect and remit communications services
 tax. Communications services include telecommunications, cable, direct-to-home satellite, and related services. This
 definition encompasses voice, data, audio, video, or any other information or signals, including cable services that are
 transmitted by any medium.

 Homestead Exemption
 On January 29, 2008 Florida voters approved an amendment to the Constitution allowing for a statewide reform of
 Florida’s existing Homestead Exemption criteria. This reform, designed by the Florida Legislature to provide property
 tax relief to homestead-exempted homeowners, owners of second homes, rental property owners and business
 owners provides four significant changes to the previous exemption.

 Expanded Homestead Exemption: Increase the current $25,000 Homestead Exemption by an additional $25,000
 except on school board taxes.

 Portability: Allows Homeowners to transfer up to $500,000 of their Save Our Homes Assessment Limitation benefit
 to the new homestead.

 Cap on Non-Homestead Property: The assessed value for all other properties without a homestead exemption will
 be limited to a maximum of 10% a year.

 Tangible Personal Property Exemption: Businesses will be eligible for a $25,000 exemption on equipment such as
 computers, office furniture and fixtures.


                                                         10
tax information
    County Wide 2008                                       Statewide 2008
      Millage Rates                                      Operating Milage Rate

  County Wide            Rate                        Bradenton               4.1134

  Polk County            6.8665                      Clearwater              4.4464

  School Board           7.634                       Daytona Beach           5.61476

  *Parks MSTU            0.4219                      Ft. Myers               7.1634

  *Library MSTU          0.2109                      Ft. Lauderdale          4.1193
                                                     Gainesville             4.2544
  Auburndale             3.3317                      Hollywood               5.738
  Bartow                 3.9962                      Kissimmee               3.7058
  Davenport              4.5695                      Lakeland                3.4031
  Dundee                 7                           Miami                   7.674
  Eagle Lake             7.4225                      Orlando                 5.65
  Fort Meade             3.0435                      Pensacola               4.5395
  Frostproof             7.8209                      Plant City              4.1653
  Haines City            6.99                        Sarasota                2.771
  Highland Park          7.3161                      St. Petersburg          5.9125
  Hillcrest Heights      0.3149                      Tallahassee             3.2115
  Lake Alfred            6.58                        Tampa                   5.7326
  Lake Hamilton          6                           West Palm Beach         7.3321
  Lakeland               3.4031                      Winter Haven            5.79
  Lake Wales             8.0573
  Mulberry               8.0573
                                                 Tax Summary
  Polk City              6.7425
                                                 Corporate Income Tax             5.50%
  Winter Haven           5.79
                                                 Sales Tax                        6.00%
                                                 Gross Receipt Tax                2.37%
  * MSTU’s are paid by all residential           Unemployment Tax (varies)        2.70%
  taxpayers of unincorporated Polk County
                                                 Communication Services Tax       7.03%
                                                 Intangible Tax - 1 mill per $1000 of assessed valuation

                                            11
     education
     Public School Graduation Rates
     School                         2008/07           2007/06           2006/05           2005/04            2004/03
     Harrison                       100.00%           98.5%              100%               100%              84.60%
     Lakeland                        88.70%           82.0%              81.60%             89.80%            87.40%
     George Jenkins                  87.70%           90.80%             88.80%             88.40%            87.70%
     McKeel Academy                 100.00%           97.20%             99.00%             93.30%            84.50%
     Lake Gibson                     83.90%           71.60%             82.40%             81.50%            75.90%
     Kathleen                        71.70%           75.10%             76.80%             70.10%            67.30%
     PCC Collegiate                  97.60%           98.00%             100.0%             98.00%            N/A
     Lakeland MSA                   86.00%            83.17%             85.50%             84.90%            77.02%
     Polk County                    73.60%            68.80%             70.50%             71.60%            65.70%
     Florida                        75.40%            71.00%             71.90%             71.60%            69.00%

                                                                              Educational Attainment in Lakeland
 In 2008 Florida Southern College                                             Population Age 25 + (Polk County)        Total #           %
   was ranked 10th among the                                                  High school graduate                      22,087           35.3
                                                                              Some college, no degree                   12,676           20.2
   Nations Best Baccalaureate                                                 Associates degree                          5,511            8.8
Colleges in the South by U.S. News                                            Bachelor’s degree                          7,980           12.7
                                                                              Graduate degree                            5,227           8.3
                  and World Report.
                                                                                                Public/Private Colleges       Estimated
                        P o lk Co u n ty S ch o o l G ra d e s                                  and Universities              Enrollment

          52 51
                                                                                                Southeastern University          3,069
60
50                45
                                                                                                Florida Southern College         2,054
40                                  31    28 28 28
30                          22 22                                                               University of South Florida      2,244
20
                                                         7   7 6                                Webster University                175
10                                                                        1   1 2
 0
                                                                                                Polk Community College           7,899
             A                 B              C              D                F

                                2008/07    2007/06     2006/05                                  Proprietary Colleges
                                                                                                and Universities
      A                 B            C            D           F                                 Florida Metropolitan Univ.        845
     47                14           13            1           0 E le mentary
      4                 4           10            1           0 M id d le School                Keiser College                    730
      1                 4            5            5           1 H igh School
                                                                                                Trade and Technical Schools
                                                                                                Florida Career Institute          155
                                                                         12
                                                                                                Travis Technical Center          1,200
Redevelopment and Economic Incentives
 Florida’s Enterprise Zone Program was created to provide the necessary
 means to assist local communities, their residents, and the private sector in
 creating greater economic activity in distressed areas and to provide jobs for
 residents of such areas. An Enterprise Zone is a specific geographic area
 targeted for economic revitalization. Designed to encourage economic growth
 and investments in the City’s urban core, the program offers tax advantages
 and incentives to businesses and property owners located within the
 Enterprise Zone.

 Financial Incentives offered in Lakeland’s Enterprise Zone

 Enterprise Zone Jobs Tax Credit (Corporate Income Tax)
 Allows a business located within the Enterprise Zone to take a corporate
 income tax credit for 20 percent of wages paid to new employees who reside
 within the Enterprise Zone. A business must create at least one new job to be eligible.

 Enterprise Zone Jobs Tax Credit (Sales and Use Tax)
 Allows a business located within the Enterprise Zone to take a sales and use tax credit for
 20 percent of wages paid to new employees who reside within the Enterprise Zone. A
 business must create at least one new job to be eligible.

 Enterprise Zone Property Tax Credit (Corporate Income Tax)
 New or expanded businesses located within the Enterprise Zone are allowed a credit
 against Florida corporate income tax equal to 96% of ad valorem taxes paid on the new or
 improved property.

 Sales Tax Refund for Building Materials
 A refund is available for sales taxes paid on the purchase of building materials used to rehabilitate real property
 located in the Enterprise Zone. Both businesses and residents are eligible for this incentive that refunds up to $5,000
 of the sales tax paid for building materials. Limit one refund per parcel of property.

 Sales Tax Refund for Business Machinery and Equipment
 A refund is available for sales taxes paid on the purchase of certain business property, which is used exclusively in the
 Enterprise Zone for at least 3 years. This incentive refunds up to $5,000 of the sales tax paid for purchases of at least
 $5,000 for machinery and equipment used in the Enterprise Zone.

 Community Contributions Tax Credit Program
 Allows businesses a 50% credit on Florida corporate income tax, insurance premium tax, or sales tax refund for dona-
 tions made to local community development projects. Businesses are not required to be located in the Enterprise
 Zone to be eligible for this credit.

 For more detailed information about these incentives visit the City’s website at www.lakelandgov.net or Enterprise
 Florida at www.floridaenterprisezones.com.

 For more information on Lakeland’s Enterprise Zone contact:            Additional Economic Development Incentives
 City of Lakeland
 Community Development Department                                       Qualified Industry Tax Refund Program (QTI)
 228 S. Massachusetts Avenue                                            Quick Response Training Program (QRT)
 Lakeland, Florida 33801                                                Economic Development Transportation Fund (Road Fund)
 (863) 834-6011 • Fax (863) 834-8432                                    Incumbent Worker Training Program (IWT)
 E-mail: enterprisezone@lakelandgov.net              13                 Urban Job Tax Credit
Redevelopment and Economic Incentives
 Lakeland Community Redevelopment Agency
 The City of Lakeland is on a course of constant change and improvement. Many of the major changes occurring
 within the “core” of our city are as a direct result of activities of the Lakeland Community Redevelopment Agency
 (CRA). The CRA works in concert with the City of Lakeland to rebuild and revitalize many of our more challenged
 neighborhoods. The goal of the CRA is to continue to build and strengthen the heart of our city by providing the
 appropriate infrastructure and incentives for new and renewed property investment.

 Overview
 The City of Lakeland has four CRA target areas, or CRA districts. They are Downtown which was established in 1977,
 Dixieland and Mid Town which were created in 2001, and Williams which was created in 2002. Each of these areas are
 dependent taxing districts established by the local government for the purpose of carrying out redevelopment
 activities that include reducing or eliminating blight, improving the tax base, and encouraging public and private
 investments in the CRA.

 Organization
 The City Commission is the official Community
 Redevelopment Agency for Lakeland and each
 specific redevelopment area operates under the
 leadership of an Advisory Board.

 Projects and Funding
 CRA projects must serve a public purpose and
 must address concerns raised in the adopted
 redevelopment plans for each area. Possible CRA
 programs include street and streetscape
 improvements, park improvements, development
 of infill housing, recruitment of new businesses and
 partnership with job-training and placement
 services.

 CRA projects are funded by "tax increment financing"
 which works as follows: the value of real property in
 a redevelopment area is determined on a fixed date;
 as the value of the real property appreciates, the tax
 revenue on the appreciated portion of the value
 (the increment) is set aside for CRA projects; the
 City and County continue to collect the tax revenue
 on the original real property value. Most programs
 are designed to leverage tax increment by
 encouraging private developers to invest in CRA
 districts.

 Downtown
                  Dixieland
                                    Mid Town


 Please visit www.ldda.org and www.lakelandgov.net for additional information.

                                                          14
housing

Housing in Lakeland
                                                                     Housing Sales In Lakeland
Median Home Age                        30 Years        4,000
                                                       3,500
Average Sale Price                 $160,327
                                                       3,000
Home Appreciation                  -12.60%             2,500
                                                       2,000
Home Ownership Rate                60.96%              1,500
                                                       1,000
Renter Occupied                    39.04%
                                                         500
Vacancy Rate                       13.27%                  0
                                                                1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Average Monthly Rent                    $784
                                                                                        U nits S old
Millage Rate                           3.4031



Existing Home Sales in Lakeland
                                                                     Housing Prices in Lakeland
Year    Units Sold        Average Price
                                                       $250,000
1999       2,219             $93,144                   $200,000
2000       2,450             $96,907                   $150,000

2001       2,561            $104,546                   $100,000

2002       2,629            $108,306                    $50,000

2003       2,883            $119,162                           $0
                                                                    1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
2004       2,938            $133,440
2005       3,676            $175,224                                                          Average Sales Price
2006       3,371            $196,290
2007       2,233            $192,842
2008       1,857            $160,372
Source: Mid Florida Regional MLS




       Ranked in the top 50 Best Cities
        for Relocating Families in 2008
               by bestplaces.net


                                                  15

				
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Description: Industrial Sales Jobs - Lakeland Florida - 50 Mile Radius document sample