Industrial Sales Jobs - Lakeland Florida - 50 Mile Radius - PDF

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					DEMOGRAPHIC
GUIDE 2010

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




                                          City of
                              LAKELAND
                           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 125 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.


                                                                                        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.

                                                                                        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 8th nationally by Forbes.com for
          “U.S. Cities on the Rise”
                                                                October 2009




                                                                                 2
Economic & demographic SNAPSHOT
 POPULATION                                                               Source
 City of Lakeland Population (2009)                        94,163              BEBR
 Lakeland Electric Service Area (2009)                  253,084                Lakeland Electric
 Polk County Population (2009)                          584,383                BEBR
 State of Florida Population (2009)                   18,748,925               BEBR


 CITY OF LAKELAND                                                   Source                         City of Lakeland
 Total Number of Households (2009 Est.)                    37,877   Claritas                        Historical Size
 Average Household Income (2009 Est.)                   $53,727     Claritas                       and Population
 Median Household Income (2009 Est.)                    $39,947     Claritas                        Year   Population Size in
                                                                                                                      Square
                                                                                                                      Miles
 Lakeland Per Capita Buying Income (2009 Est.)          $23,685     Claritas
                                                                                                   1990     70,576     44.23
 Average Income for 4-Person Family (2009 Est.)         $64,305     Claritas
                                                                                                   1995     74,626     50.55
 Median Income for 4-Person Family (2009 Est.)          $49,127     Claritas
                                                                                                   2000     78,452     51.91
                                                                                                   2001     82,942     54.15
 Lakeland Labor Force (2009)                               43,088   AWI
                                                                                                   2002     87,150     67.54
 Lakeland Unemployment (2009)                              10.60%   AWI
                                                                                                   2003     88,741     67.60
 Lakeland Private Employment (2009)                        34,009   BLS
                                                                                                   2004     89,731     69.94
 Average Home Sales Price (2009)                       $126,568     Mid Florida Regional MLS
                                                                                                   2005     90,851     71.38
 Single Family Permits (2009)                                144    City of Lakeland
                                                                                                   2006     91,623     72.17
 Multi-Family Permits (2009)                                    9   City of Lakeland
                                                                                                   2007     93,428     73.41
 Warehouse/Industrial Square Feet Permitted (2009)         76,000   City of Lakeland
                                                                                                   2008     93,508    74.33
 Commercial Square Feet Permitted (2009)                101,517     City of Lakeland
                                                                                                   2009     94,163    74.40
 Retail Square Feet Permitted (2009)                        3,215   City of Lakeland




      Sources:
      University of Florida Bureau of Economic
      & Business Research (BEBR)
      Bureau of Labor & Statistics (BLS)
      Claritas Market Place 2009
      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
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
2009           94,163                    74.40                                2009                 584,383                  18,748,925

             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, 2009                             Population, 2008
 City                    Population         Metropolitan Statistical Area                  Population

 Jacksonville                 855,067       Miami/Ft Lauderdale/Miami Beach                     5,530,437
 Miami                        417,451       Tampa/St. Petersburg/Clearwater                     2,742,577
 Tampa                        339,480       Orlando/Kissimmee                                   2,103,480
 St. Petersburg               248,729       Jacksonville                                        1,369,124
 Orlando                      233,115       Sarasota/Bradenton/Venice Beach                       711,307
 Hialeah                      226,605       Cape Coral/Fort Myers                                 623,725
 Ft. Lauderdale               180,706       Lakeland                                             585,733
 Tallahassee                  177,879       Melbourne/Titusville/Palm Bay                         556,213
 Cape Coral                   162,852       Daytona Beach/Ormond Beach                            510,750
 Port St. Lucie               155,251       Pensacola                                             457,616
 Pembroke Pines               151,193       Fort Pierce/Port St. Lucie                            420,453
 Hollywood                    141,942       Tallahassee                                           370,773
 Coral Springs                127,198       Naples/Marco Island                                   332,854
 Gainesville                  125,904       Ocala                                                 329,418
 Miramar                      112,552       Gainesville                                           269,644
 Miami Gardens                109,730       Fort Walton Beach                                     197,597
 Clearwater                   109,907       Panama City                                           169,307
 West Palm Beach              103,150       Punta Gorda                                           165,781
 Palm Bay                     102,397       Sebastian/Vero Beach                                  141,667
 Pompano Beach                 99,031       Palm Coast                                             95,512
 Lakeland                     94,163        Total All MSA’s                                     17,683,968
 Miami Beach                   92,833       Total Non-Metro                                      1,123,251
 Davie                         91,056       Total Florida                                       18,807,219
 Sunrise                       89,242
 Boca Raton                    84,823
                                             Source: University of Florida Bureau of Economic
                                             and Business Research, Florida
                                        5
workforce development

   Workforce Development                Lakeland                     Lakeland Annual Labor Force
                                                                          Lakeland Annual Labor Force
   Recent Job Growth                     -3.90%
                                                            44000
   10-Year Job Growth                    22.70%             42000
   Unemployment Rate                     10.60%             40000
                                                            38000
   Sales Taxes                            7.00%
                                                            36000
   Income Taxes                           0.00%             34000
   Median Household Income              $39,947             32000
                                                                    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
   Per Capita Buying Income             $23,685


                                                            Economic Development Activity 1993-2009
        2009 Lakeland MSA Unemployment                       Year     Projects     Jobs    Square Feet      Est.Capital
                    By Month                                                                                Investment
14.0%                                                        1993     30         1,228      1,686,050       $ 59,600,000
13.0%
12.0%                                                        1994     19         1,267      1,208,000       $116,080,000
11.0%
                                                             1995     32           602      1,290,400       $ 36,770,000
10.0%
 9.0%                                                        1996     25           690      1,057,100       $ 63,350,000
 8.0%
 7.0%
                                                             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
                                                             2002     23         1,505      1,431,517       $ 38,260,850
 Lakeland's Average Annual Unemployment Rate
                                                             2003     20           768        770,968       $ 15,364,555
12.0%
11.0%
10.0%
                                                             2004     26         1,300      1,269,673       $ 33,805,000
 9.0%
 8.0%
                                                             2005     23         1,110      1,640,489       $ 29,932,600
 7.0%
 6.0%                                                        2006     30           609      1,309,512       $ 38,115,337
 5.0%
 4.0%                                                        2007     29           734      1,057,892       $ 44,083,425
 3.0%
 2.0%                                                        2008     16         1,247      1,827,878       $180,350,000
        2001 2002 2003 2004 2005 2006 2007 2008 2009
                                                             2009     14         1,468        434,006       $ 70,671,672

                                                             Source: Lakeland Economic Development Council (LEDC)

                                                        Ranked 37th nationally by Forbes.com
                                                         for “Best U.S. Cities for Job Growth”
                                                                     October 2009
                                                        6
   industry sectors
     Lakeland MSA – Total Nonagricultural Employment (December 2009)
     Goods Producing                                             26,500             13.2%
     Natural Resources & Mining                                      700             0.3%
     Construction                                                 11,200             5.6%                                    0%
     Manufacturing                                                14,600             7.3%                                     6%
     Service Providing                                          174,100             86.8%                              16%          7%         4%
     Wholesale Trade                                               9,000             4.5%               4%
     Retail Trade                                                23,900             11.9%
     Transportation, Warehousing & Utilities                     11,600              5.8%                    8%                           12%
     Information                                                  1,900              1.0%
     Financial Activities                                        11,500              5.7%                                                 6%
                                                                                                                 15%
     Professional & Business Services                            30,300             15.1%
     Education & Health Services                                 30,500             15.2%                                            6%
                                                                                                                                              1%
     Leisure & Hospitality                                       15,800              7.8%                                    15%
     Other Services                                               8,500              4.3%
     Government                                                  31,100             15.5%

     Source: Florida Agency for Workforce Innovation


                                                                                    Industry Sector Comparison
                                                                    35000
     1. Natural Resources & Mining    7. Information
                                                                    30000
     2. Construction                  8. Financial Activities       25000
     3. Manufacturing                 9. Prof. & Business Services 20000
                                                                    15000
     4. Wholesale Trade              10. Education & Health Services10000
     5. Retail Trade                 11. Leisure & Hospitality       5000
                                                                        0
     6. Transportation               12. Other Services
        Warehouse & Utilities                                               1   2    3      4    5     6     7     8     9    10   11    12    13
                                     13. Government
                                                                                         1990 Industry Sector     2009 Industry Sector




Ranked 26th nationally
 by the Milken Institute
 for 5-year job growth
and 22nd for salary and
wage growth within the
  200 best performing
      cities in 2009.



                                                                     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


                                                 Lakeland was ranked as the 7th
                                               best overall performing city in Florida
                                                   by the Milken Institue in 2009




                                               8
wages and income
                                                                             Average Annual Wage
                                                            38,000
                                                            36,000
 Industry                                  Annual Wage      34,000
                                                            32,000
 Private Industry                          $35,183          30,000
                                                            28,000
                                                            26,000
 Public Administration                     $40,162          24,000
                                                            22,000
 Natural Resource & Mining                 $29,697          20,000
                                                                     1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
 Construction                              $38,048
 Manufacturing                             $45,220
                                                                      1998 $26,181                 2004 $31,387
 Wholesale Trade                           $45,856
                                                                      1999 $26,957                 2005 $31,928
 Retail Trade                              $24,589
                                                                      2000 $27,880                 2006 $33,592
 Transportation & Warehousing              $38,097
                                                                      2001 $28,890                 2007 $35,568
 Utilities                                 $76,192                    2002 $29,505                 2008 $36,920
 Information                               $45,122                    2003 $30,277                 2009 $37,356
 Finance & Insurance                       $49,255
                                                         Florida Agency for Workforce Innovation
 Real Estate & Rental Leasing              $31,496       Based on Lakeland MSA 2009 Estimates

 Professional, Scientific Services         $47,732
 Management of Enterprises                 $56,424                          Per Capita Income
 Administration & Waste Services           $24,723                    Year      Lakeland            Florida
 Educational Services                      $27,118                    1998 $22,213                  $25,987
 Healthcare & Social Services              $39,822                    1999 $23,140                  $26,894
 Arts & Entertainment & Recreation         $24,383                    2000 $23,721                  $28,507
                                                                      2001 $24,850                  $29,277
 Accommodations & Food Services            $14,036
                                                                      2002 $24,998                  $29,727
 Other Services                            $27,627
                                                                      2003 $25,679                  $30,330
 Florida Agency for Workforce Innovation
                                                                      2004 $27,696                  $32,618
                                                                      2005 $29,625                  $34,798
Ranked 33rd nationally among 361                                      2006 $31,018                 $36,720
metro areas by Kiplinger’s.com for                                    2007 $31,418                 $38,444

“Salary Growth and the Growth of                                      2008 $31,692                  $39,267

       Household Income”                                       Source: Bureau of Economic Analysis(BEA)
                                                               Per Capita Income by MSA
           - July 2009          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 3.6538.

 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 2009                                       Statewide 2009
      Millage Rates                                      Operating Milage Rate

  County Wide            Rate                        Bradenton               4.2843

  Polk County            6.8665                      Clearwater              5.1505

  School Board           7.586                       Daytona Beach           5.61476

  *Parks MSTU            0.4219                      Ft. Myers               7.4

  *Library MSTU          0.2109                      Ft. Lauderdale          4.1193
                                                     Gainesville             4.3963
  Auburndale             3.8393                      Hollywood               6.0546
  Bartow                 3.9962                      Kissimmee               4.6253
  Davenport              5.9792                      Lakeland                3.6538
  Dundee                 7                           Miami                   8.2543
  Eagle Lake             7.6516                      Orlando                 5.65
  Fort Meade             3.3509                      Pensacola               4.5395
  Frostproof             7.8209                      Plant City              4.7157
  Haines City            6.99                        Sarasota                3.1523
  Highland Park          8.3161                      St. Petersburg          5.9125
  Hillcrest Heights      0.3125                      Tallahassee             3.7
  Lake Alfred            6.58                        Tampa                   5.7326
  Lake Hamilton          7                           West Palm Beach         8.0739
  Lakeland               3.6538                      Winter Haven            5.79
  Lake Wales             7.3277
  Mulberry               8.05
                                                 Tax Summary
  Polk City              7.8
                                                 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                   2009/08              2008/07         2007/06            2006/05         2005/04
   Harrison                 100.00%              100.00%             98.5%         100%             100%
   Lakeland                     84.50%            88.70%             82.0%          81.60%          89.80%
   George Jenkins               86.20%            87.70%          90.80%            88.80%          88.40%
   McKeel Academy               96.20%           100.00%          97.20%            99.00%          93.30%
   Lake Gibson                  82.30%            83.90%          71.60%            82.40%          81.50%
   Kathleen                     70.00%            71.70%          75.10%            76.80%          70.10%
   PCC Collegiate               98.80%            97.60%          98.00%            100.0%          98.00%
   Lakeland MSA             82.70%               86.00%          83.17%             85.50%          84.90%
   Polk County              76.30%               73.60%          68.80%             70.50%          71.60%
   Florida                  78.60%               75.40%          71.00%             71.90%          71.60%

                                                                             Educational Attainment in Lakeland
 In 2009 Florida Southern College                                            Population Age 25 + (Polk County)       Total #           %
    was ranked 9th among the                                                 High school graduate                     23,048           34.8
                                                                             Some college, no degree                  13,378           20.2
   Nations Best Baccalaureate                                                Associates degree                         5,364            8.1
Colleges in the South by U.S. News                                           Bachelor’s degree                        10,663           16.1
                                                                             Graduate degree                           5,430            8.2
              and World Report.

              P o lk Co u n ty S ch o o l G ra d e s                                           Public/Private Colleges       Estimated
                                                                                               and Universities              Enrollment
 60    53 52 51
                                                                                               Southeastern University         3,069
 50
 40                                                                                            Florida Southern College        2,129
                                  28 28 28
 30                  24 22 22
 20                                                                                            University of South Florida     2,461
                                                  8 7 7
 10                                                              1 1 1
                                                                                               Webster University               175
  0
          A             B            C              D               F                          Polk State College            11,336

                        2009/08     2008/07       2007/06                                      Proprietary Colleges
                                                                                               and Universities
   A             B           C               D              F                                  Everest University (formerly FMU) 845
  44            15          13               2              1 E le mentary
   8             6           6               0              0 M id d le School                 Keiser University               1,190
   1             3           6               6              0 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                        32 Years
                                                   4,000
Average Sale Price                 $126,568
                                                   3,500
Home Appreciation                  -19.30%         3,000
                                                   2,500
Home Ownership Rate                60.97%
                                                   2,000
Renter Occupied                    39.03%          1,500
Vacancy Rate                       13.27%          1,000
                                                       500
Average Monthly Rent                    $784
                                                             2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Millage Rate                           3.6538



Existing Home Sales in Lakeland
                                                                  Housing Prices in Lakeland
Year    Units Sold        Average Price
2000       2,450             $96,907              250000
                                                  200000
2001       2,561            $104,546
                                                  150000
2002       2,629            $108,306
                                                  100000
2003       2,883            $119,162               50000
2004       2,938            $133,440                    0
                                                             2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2005       3,676            $175,224
2006       3,371            $196,290                                                    Average Sales Price
2007       2,233            $192,842
2008       1,857            $160,372
2009       2,357            $126,568
Source: Mid Florida Regional MLS




        Ranked as one of the top
   100 metro areas for attracting and
    retaining Creative Class workers.
          - Kiplinger’s July 2009

                                                  15
construction & development

Single Family Permits
Year   Permits     Permit Valuation
1999   231         $ 26,676,330                             Residential Construction Units
2000   167         $ 18,197,505
                                                1400
2001   183         $ 21,043,478                 1200
                                                1000
2002   220         $ 28,611,809
                                                 800
2003   257         $ 34,200,806                  600
                                                 400
2004   380         $ 49,241,780                  200
2005   544         $179,996,957                    0
                                                        2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2006   544         $ 99,101,767
2007   458          $107,385,621                                          Single Family   Mult-Family

2008   252          $ 55,438,488
2009   144          $ 29,771,733

                 Commercial/Industrial Square Foot Permitted
Year         Warehouse/Industrial        Commercial Office                Commercial Retail
2002                508,656                  84,393                          184,094
2003                139,373                 113,486                          155,607
2004              1,537,656                 122,057                          543,717
2005                456,816                  81,231                          447,596
2006              1,047,852                 190,472                          443,846
2007                926,792                  92,825                          324,051
2008                 24,446                 103,447                           97,557
2009                 76,000                 101,517                            3,215

                                                            Total Permit Valuation
                                      $525,000,000

                                      $450,000,000

                                      $375,000,000

                                      $300,000,000

                                      $225,000,000

                                      $150,000,000

                                       $75,000,000
                                                       2000 2001 2002 2003 2004 2005 2006 2007 2008 2009




                                              16

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