Orlando, often dubbed as the “City Beautiful”, offers an ideal mix of affordability, accessibility, and a dynamic business environment, making it a thriving hub for entrepreneurs and established businesses alike. There are countless reasons why establishing a selling a business in Orlando is a wise decision. In this article, we delve into the multitude of opportunities that make Orlando a perfect place to set up and flourish your business.
Orlando’s Economy
Orlando’s economy is one of the most vibrant and diverse in the United States. The city is home to several sectors such as tourism, advanced manufacturing, aviation, aerospace, innovative technologies, life sciences, healthcare, and professional and business services. Each of these sectors contributes significantly to Orlando’s robust economy, providing a fertile ground for businesses to grow and prosper.
Young, Diverse, and Educated Workforce
An essential factor that contributes to the success of any business is the availability of a skilled workforce. Orlando boasts a young, diverse, and educated talent pool. Two-thirds of its residents are under the age of 44, and nearly a third have a college degree. This young, diverse workforce makes Orlando an attractive place for businesses seeking fresh and innovative thinking.
Excellent Accessibility in Central Florida
Orlando is well-connected to the rest of the world through its well-developed transportation network. The region is home to three international airports, including the Orlando International Airport, one of the busiest airports in the U.S. Additionally, Orlando’s extensive road and rail systems facilitate easy and efficient transportation of goods and services, making it a boon for businesses.
A Hotbed for Entrepreneurs
Orlando is a breeding ground for innovation and entrepreneurship. With resources such as the National Entrepreneur Center and the University of Central Florida Business Incubation Program, Orlando fosters an environment conducive for startups and innovative businesses.
Real Estate Options
Whether you’re looking for modern high rises in downtown Orlando or undeveloped acres in Lake and Osceola counties, Orlando offers a diverse array of commercial and industrial real estate options. The region’s inventory includes over 177 million square feet of industrial space and over 102 million square feet of office space. This variety makes Orlando an attractive destination for businesses of all sizes.
Tech Industry Hub
Orlando is home to a thriving technology industry. The region boasts a high-tech ecosystem that employs more than 42,000 people across sectors such as film and digital media, modeling, simulation and training, optics and photonics, aviation/aerospace, and information technology. This thriving tech industry provides a significant boost to businesses operating in or associated with these sectors.
Innovation Economy
Orlando is an innovation-driven economy. Groundbreaking research at the University of Central Florida and other institutions, along with the region’s modeling, simulation and training companies, contribute to a culture of innovation. This culture facilitates the growth of businesses and fosters a competitive edge.
Great Neighborhoods and Quality of Life
Orlando’s diverse neighborhoods offer a variety of lifestyle options, catering to everyone’s needs. The city beautifully blends urban and suburban lifestyles with its eclectic housing options and green spaces. The quality of life in Orlando is further enhanced by its world-class entertainment options, distinctive neighborhoods, and world-class shopping options.
Partnership Philosophy
One of Orlando’s strengths lies in its collaborative approach to economic development. Business leaders, elected officials, and community members work together for the greater good of the region. This partnership philosophy facilitates the growth and success of businesses in Orlando.
The “Livability” Factor
Orlando’s pleasant weather, outdoor recreational activities, and proximity to beaches, lakes, springs, parks, trails, and fields make it a great place to live. The city’s natural and man-made amenities enhance the quality of life for its residents, making it an attractive location for businesses.
The Growth Potential
Orlando’s rapid growth offers immense opportunities for businesses. The city’s population is growing faster than the national average, which translates into a growing consumer base for businesses. Moreover, the city’s ongoing infrastructure investments enhance its attractiveness for businesses.
Orlando is not just a popular tourist destination; it’s a bustling hub for businesses. Its diverse economy, skilled workforce, excellent accessibility, innovation-driven culture, and high livability make it an ideal place for businesses to thrive. Whether you’re a startup looking to establish your presence or an established business planning to expand, Orlando offers a conducive environment for your business to grow and prosper.
