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Marco Island is Ranked the #5 Fastest Growing Economy in the Nation

Growing Economy Marco Island
Posted: September 25, 2014 at 8:07 am   /   by   /   comments (0)

 More signs of economic recovery are beginning to show as Marco Island is ranked the #5 fastest growing economy in the nation.

Forecasters had recently downgraded their economic growth predictions for the rest of the nation but saw a rising trend in our local economy. The Marco Island / Naples area is experiencing a growth rate of 4.5% according to a study released by the U.S. Conference of Mayors beating out the Federal Reserve’s prediction of a 2.1% increase nationally.

A few reasons for this increase are our beautiful landscapes, low Florida tax rates, and a surge in new jobs. The study showed that the areas of construction, energy, computers, and professional business services will see the biggest increase in available jobs. These jobs will serve as a major source of growth throughout Collier County.

It is not hard to spot these signs across Marco Island. A lower amount of available housing inventory, bustling store fronts, and the addition of many new businesses mean that people are moving to Marco Island. All of this means we may be seeing the beginning of a less seasonal atmosphere on the island.

 

For a link to the full article please click here.

 

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