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Florida’s central cities are undergoing an economic renaissance, stimulated by a vastly improved business environment and by the tremendous growth the state has experienced in recent years. Key factors enhancing the attractiveness of Florida’s urban inner city areas as business locations include…
Florida’s urban neighborhoods are strategically situated at the heart of their metropolitan areas, near business centers, entertainment complexes, colleges and transportation and communication hubs; in many cities this includes a seaport and an airport. These locations also offer proximity to concentrations of companies in related businesses.
Strong Markets with Purchasing Power
Florida’s inner cities tend to be large local markets with substantial purchasing power and unmet commercial needs. Increasingly, many people are shunning traditional suburban lifestyles for the dynamic lifestyle and cultural opportunities only available in central cities. The influx of so many new residents into urban core areas (and the vast amounts of disposable income that many of them command) is attracting various business establishments.
Readily Available Labor
Urban core areas provide a readily-available pool of labor appropriate for businesses that rely on a loyal yet moderately skilled workforce.
Businesses intending to locate in urban inner city areas may be able to take advantage of the Front Porch Florida Micro Loan program, which makes small loans to entrepreneurs within Front Porch Communities. For the latest state and federal programs and resources available to help your local community, please check the Florida Resource Directory. Many businesses located in urban inner city areas are eligible for special financial incentives. To take advantage of these Urban Core Opportunities, please contact us.
Florida Atlantic University’s Center for Urban and Environmental Solutions (CUES), the Department of Urban and Regional Planning (DURP) and the Institute of Government (IOG) at FAU are working together on a project to assist communities resolve urban and environmental issues in order to redevelop and revitalize Southeast Florida. Click here to learn more about the project and the roles and responsibilities of Community Redevelopment Agencies (CRAs).