New 2008 property tax Reforms:
In a January 2008 ballot measure, Florida voters approved a constitutional amendment that introduced several changes to our state's property tax system. The four changes may affect the amount of tax you owe:
Increased Homestead Exemption: If you're currently receiving a $25,000 homestead exemption on your property taxes, you will automatically be upgraded to a $50,000 exemption this year. If you are a homeowner and do not currently receive the exemption, you may file your application in person along with a $15 late fee, through mid-September.
Save Our Homes Portability Cap: You may now trasfer up to $500,000 of your property tax cap to a new home when you move. To take advantage of this benefit, you must file a Homestead Exemption and Portability Application.
Tangible Personal Property Tax Exemption: If you're required to file a Tangible Personal Property Tax Return, you're entitled to a $25,000 exemption on business equipment.
Non-Homestead Cap: Beginning next year, those properties not eligible for a homestead exemption may apply to receive a 10% cap on property tax increases.
Homestead Exemption Overview:
FILING PERIOD JANUARY 1 – MARCH 1
Florida law requires that application be made by March 1st to be eligible for the $25,000 Homestead Exemption. Only new applicants or those who had a change of residence need apply. Automatic renewals are mailed in January each year.
In Florida, $25,000 of the assessed value of your home is exempt from real estate taxes, but you have to meet certain criteria to be eligible for the exemption. First you much have the title or record to your property as of January 1, and reside on the property. You have to be a legal and permanent resident of Florida as of January 1. When applying for the exemption status, bring along a copy of your deed or tax bill, and a Florida county voters registration or Declaration of Domicile. If you drive, you must also bring your Florida driver's license and automobile registration. New applications must be submitted in person at the appraiser's office, but renewals may be done by mail. For further information, consult the County Property Appraiser's Office.
Real Estate Taxes
All residents are subject to county taxes, but each city or special district levies taxes within its boundaries. City, special-district, and county taxes are combined in one tax bill. Real estate taxes are assessed as of January 1 each year. They are due and payable on November 1 and become delinquent if not paid before April 1 of the following year. Florida law holds the taxpayer responsible for receiving and paying tax bills in full. For additional information contact the County Property Appraiser's Office.
Establishing Residency
To establish residency, you may register to vote or file a Declaration of Domicile, which is an affidavit available at the CountyCourthouse. Filing one copy with the Circuit Court provides a record of your intention to make Florida your home. Simply moving to the State does not guarantee legal residency. For more information contact the County's Clerk of Circuit Court.
What is Homestead Exemption?
Florida Law entitles every person, who has legal or equitable title to real estate and maintains it as his/her permanent residence, to apply for a $25,000 homestead property tax exemption. A partial exemption may apply if the ownership of the applicant is less than 100%.
Am I eligible to file?
You must meet the following requirements as of January 1st:
Have legal or beneficial title to the property, recorded in the Official Records of County
Residency on the property
Be a permanent resident of the State of Florida
Be a United States citizen or possess a Permanent Residence Card (green card)
When do I file?
The deadline to file an application for exemption is March 1st. Under Florida law, failure to file for any exemption by March 1st constitutes a waiver of the exemption privilege for the year.
Regular filing is January 2nd - March 1st.
Pre-filing for the coming year is March 2nd - December 31st.
How do I file?
Take copies of the required documentation to your Exemption Department:Generally at the County or City Court House
Sunday, March 01, 2009
Saturday, May 24, 2008
Miami and Dade County Cost of Living.
Miami and Dade County Cost of Living.
The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment.
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living.
Cost of living indexing explanation
A figure of 100 points is used as an average both for the USA and Florida. For example:
Boise Idaho is ranked at a 99
Boston Mass is rated at 240
San Francisco at 217
Statewide, Florida cities come in from a low of 90 and up.
One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate 1s 120) to Orlando, and you currently make $50,000 per year, the formula is as follows
Take the destination index, in this case Orlando-104.2 and divide by Portland’s index-120, then multiply by a salary of $50,000. This will give you a figure of $43,416.00 which would be required to make in Orlando to have the same quality of life.
See comparable Florida statewide
* Re cost of living--in some areas Real Estate has went up dramatically however costs that factor in such as food, transportation, rents etc have not increased at the same rate-so in some areas, even though housing is expensive, the overall rating may still be low
2006 Fourth quarter stats per ACCRA and Council for Community Economic Research
Bradenton-100.6
Cape Coral-Ft Myers-108.0
Ft Lauderdale-117.0
Fort Walton-Destin-97.3
Jacksonville metro-96.3
Miami metro-115.0
Orlando metro-104.2
Palm Coast-Flagler-98.5
Panama City-96.6
Pensacola metro-96.0
Sarasota-107.0
Tampa 98.5
St Pete-Clearwater-99.9
Vero-Beach Indian River-103.4
West Palm Beach metro-117.5
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
* New York, NY 364
* Long Beach, NY 340
* Palo Alto, CA 268
* Menlo Park, CA 265
* Los Altos, CA 261
* Saratoga, CA 261
* Boston, MA 240
* Malibu, CA 233
* San Francisco, 217
* Greenwich, CT 215
* Cambridge, MA 211
* Santa Monica, CA 197
* Keystone, CO 194
* San Rafael, CA 192
* Weston, CT 192
* Darien, CT 192
* Wellesley, MA 192
* Fort Lee, NJ 189
* Arlington, VA 184
* Honolulu, HI 184
* Washington, DC 181
* Princeton, NJ 180
* Vail, CO 178
* Chicago, IL 166
* Sunnyvale, CA 164
* San Mateo, CA 163
* Marathon, FL 161
* Ridgewood, NJ 159
* Mystic, CT 159
For more information about cost of living go to Accra's site at http://www.coli.org/
The cost of living index places Miami at 116.2 as of the 4th quarter 2005
Although statewide it’s ranked higher, consider that it is a major metropolitan area with all the needed services. In that context it compares favorably.
http://www.eflorida.com/profiles/CountyReport.asp?CountyID=37&Display=all
For more information about cost of living stats go to http://www.coli.org
Housing. Minimum two bedroom single family homes in Miami/Dade County.
As of August 2005 the median price is $356,900.
Utilities. water and sewer go to
http://www.co.miami-dade.fl.us/wasd/
For electric and gas go to
Florida Power & Light Co 305 552-3552 9250 W Flagler St
Miami, FL 33174
http://www.fpl.com
People 'n' Gas: 954-763-8900
In conclusion, given Florida’s climate and Job opportunities and the outdoor recreation prospects, Miami can really make sense.
Imagine the advantages of a subtropical resort next to a major metropolitan area.
Imagine beaches located few minutes from major business, shopping and cultural centers.
In Miami you can have your cake and eat it too—why not extend the vacation and make it part of your life.
Why not live in a vacation spot?
The cost of living index is based on the composite price of groceries, housing, utilities, transportation, health care, clothing and entertainment.
Cost of living indexes will generally be higher in areas that offer access to beaches, culture, arts and recreation. In addition areas, that offer a wider variety of services such as health and education will run higher due to higher wages, and increased quality of living.
Cost of living indexing explanation
A figure of 100 points is used as an average both for the USA and Florida. For example:
Boise Idaho is ranked at a 99
Boston Mass is rated at 240
San Francisco at 217
Statewide, Florida cities come in from a low of 90 and up.
One way to compare Florida areas to salary requirements
For example-If you were relocating from Portland Oregon (whose rate 1s 120) to Orlando, and you currently make $50,000 per year, the formula is as follows
Take the destination index, in this case Orlando-104.2 and divide by Portland’s index-120, then multiply by a salary of $50,000. This will give you a figure of $43,416.00 which would be required to make in Orlando to have the same quality of life.
See comparable Florida statewide
* Re cost of living--in some areas Real Estate has went up dramatically however costs that factor in such as food, transportation, rents etc have not increased at the same rate-so in some areas, even though housing is expensive, the overall rating may still be low
2006 Fourth quarter stats per ACCRA and Council for Community Economic Research
Bradenton-100.6
Cape Coral-Ft Myers-108.0
Ft Lauderdale-117.0
Fort Walton-Destin-97.3
Jacksonville metro-96.3
Miami metro-115.0
Orlando metro-104.2
Palm Coast-Flagler-98.5
Panama City-96.6
Pensacola metro-96.0
Sarasota-107.0
Tampa 98.5
St Pete-Clearwater-99.9
Vero-Beach Indian River-103.4
West Palm Beach metro-117.5
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
(Population Weighted-State Average=100
See national comparisons
Cost of living (100 = nationwide average)
* New York, NY 364
* Long Beach, NY 340
* Palo Alto, CA 268
* Menlo Park, CA 265
* Los Altos, CA 261
* Saratoga, CA 261
* Boston, MA 240
* Malibu, CA 233
* San Francisco, 217
* Greenwich, CT 215
* Cambridge, MA 211
* Santa Monica, CA 197
* Keystone, CO 194
* San Rafael, CA 192
* Weston, CT 192
* Darien, CT 192
* Wellesley, MA 192
* Fort Lee, NJ 189
* Arlington, VA 184
* Honolulu, HI 184
* Washington, DC 181
* Princeton, NJ 180
* Vail, CO 178
* Chicago, IL 166
* Sunnyvale, CA 164
* San Mateo, CA 163
* Marathon, FL 161
* Ridgewood, NJ 159
* Mystic, CT 159
For more information about cost of living go to Accra's site at http://www.coli.org/
The cost of living index places Miami at 116.2 as of the 4th quarter 2005
Although statewide it’s ranked higher, consider that it is a major metropolitan area with all the needed services. In that context it compares favorably.
http://www.eflorida.com/profiles/CountyReport.asp?CountyID=37&Display=all
For more information about cost of living stats go to http://www.coli.org
Housing. Minimum two bedroom single family homes in Miami/Dade County.
As of August 2005 the median price is $356,900.
Utilities. water and sewer go to
http://www.co.miami-dade.fl.us/wasd/
For electric and gas go to
Florida Power & Light Co 305 552-3552 9250 W Flagler St
Miami, FL 33174
http://www.fpl.com
People 'n' Gas: 954-763-8900
In conclusion, given Florida’s climate and Job opportunities and the outdoor recreation prospects, Miami can really make sense.
Imagine the advantages of a subtropical resort next to a major metropolitan area.
Imagine beaches located few minutes from major business, shopping and cultural centers.
In Miami you can have your cake and eat it too—why not extend the vacation and make it part of your life.
Why not live in a vacation spot?
Miami and Dade County Employment
Miami and Dade County Employment
One of the best things about Miami and Dade county is the abundance of career opportunities. From small business to Fortune 500 companies, to multinationals, Miami has it all.
So whether you're an entrepreneur or a corporate executive, Miami could have just the right position for you.
*Since there is no state or local income tax, you take home more.
That combined with a low cost of living means a better lifestyle.
Some Miami statistics:
As of February 2005 per the US Department of labor in Miami:
Number of workers-982,000
Median hourly wage $12.89 to $17.13
Entry $7.78 per hour
Experienced $22.36 average per hour
Annual wage $35,630
For specific figures by occupation go to
http://www.bls.gov/oes/current/oes_5000.htm
http://www.labormarketinfo.com/library/oes.htm
The areas top 5 employers as of late 2003 per the Miami Chamber of commerce http://www.greatermiami.com/live_work_play/factsheet.asp
MIAMI-DADE COUNTY'S TOP 5 EMPLOYERS
Miami-Dade County Pubic School 54,387
Miami-Dade County 32,265
Federal Government 20,100
Florida State Government 18,900
Jackson Health System 11,700
MIAMI-TOP 5 EMPLOYERS
Private Sector Company Name Employment
Baptist Health South Florida 10,300
University of Miami 9,367
American Airlines 9,000
United Parcel Service 5,000
BellSouth 4,800
Additional resources for job and demographic information
Bureau of Economic and Business Research at the University of Florida (BEBR)
http://www.bebr.ufl.edu/
U.S Census Bureau
http://www.census.gov
Florida Agency for Workforce Innovation – Labor Market Information
http://www.labormarketinfo.com
State jobs http://dms.myflorida.com/
*If you have to work for a living, you might as well be in a great environment.
In conclusion the area is growing rapidly. All facets of industry are up. As more homes are built, the infrastructure has to increase---schools, retail and on an on. So, if you’ need to work, why not make a change in your environment and have a great environment with tons of recreational possibilities.
Remember, just because there’s a palm tree in your back yard doesn’t mean you’ll lose your edge.
One of the best things about Miami and Dade county is the abundance of career opportunities. From small business to Fortune 500 companies, to multinationals, Miami has it all.
So whether you're an entrepreneur or a corporate executive, Miami could have just the right position for you.
*Since there is no state or local income tax, you take home more.
That combined with a low cost of living means a better lifestyle.
Some Miami statistics:
As of February 2005 per the US Department of labor in Miami:
Number of workers-982,000
Median hourly wage $12.89 to $17.13
Entry $7.78 per hour
Experienced $22.36 average per hour
Annual wage $35,630
For specific figures by occupation go to
http://www.bls.gov/oes/current/oes_5000.htm
http://www.labormarketinfo.com/library/oes.htm
The areas top 5 employers as of late 2003 per the Miami Chamber of commerce http://www.greatermiami.com/live_work_play/factsheet.asp
MIAMI-DADE COUNTY'S TOP 5 EMPLOYERS
Miami-Dade County Pubic School 54,387
Miami-Dade County 32,265
Federal Government 20,100
Florida State Government 18,900
Jackson Health System 11,700
MIAMI-TOP 5 EMPLOYERS
Private Sector Company Name Employment
Baptist Health South Florida 10,300
University of Miami 9,367
American Airlines 9,000
United Parcel Service 5,000
BellSouth 4,800
Additional resources for job and demographic information
Bureau of Economic and Business Research at the University of Florida (BEBR)
http://www.bebr.ufl.edu/
U.S Census Bureau
http://www.census.gov
Florida Agency for Workforce Innovation – Labor Market Information
http://www.labormarketinfo.com
State jobs http://dms.myflorida.com/
*If you have to work for a living, you might as well be in a great environment.
In conclusion the area is growing rapidly. All facets of industry are up. As more homes are built, the infrastructure has to increase---schools, retail and on an on. So, if you’ need to work, why not make a change in your environment and have a great environment with tons of recreational possibilities.
Remember, just because there’s a palm tree in your back yard doesn’t mean you’ll lose your edge.
Starting a Business in Orlando and Orange County
Starting a Business in Orlando and Orange County
Starting a Business in Orlando and Orange County
The Orange county area is one of the fastest growing and expanding areas in the country.
With over one million residents, the region is constantly expanding, which means more jobs, incredible opportunities and a great lifestyle.
Whether you’re considering relocating a company or starting a business from scratch, Orange County and it’s neighboring communities have a place for your business.
Employees:
Over 520,000 in the greater Orange County area.
Average Annual Wage (2003)
· All Industries
· $34,623
· Construction
· $38,525
· Education & Health Services
· $35,666
· Financial Activities
· $48,414
· Information
· $48,205
· Leisure & Hospitality
· $21,921
· Manufacturing
· $47,730
· Natural Resources & Mining
· $20,952
· Other Services
· $24,722
· Professional & Business Services
· $40,246
· Public administration
· $41,642
· Trade, Transportation and Utilities
· $33,13
Major industries in Orange county
Construction 5.1%
Education & Health Services 15.0%
Financial Activities 6.5%
Information 2.7%
Leisure & Hospitality 22.2%
Manufacturing 4.6%
Natural Resources & Mining 0.8%
Other Services 2.9% 3.2%
Professional & Business Services 17.3%
Public administration 4.4%
Trade, Transportation and Utilities 18.6%
Source http://www.eflorida.com/profiles/CountyReport.asp?CountyID=54&Display=all
Major Employers (2003)
Walt Disney World
Business Line: Entertainment
Number of Employees...53,500 Orange County Public Schools
Business Line: Education
Number of Employees....22,807
Adventist Health Systems
Business Line: Healthcare
Number of Employees.. 17,059 Universal Orlando
Business Line: Entertainment
Number of Employees....14,500
Orlando Regional Healthcare System
Business Line: Healthcare
Number of Employees... 12,000 Orange County Government
Business Line: Government
Number of Employees..6,577
The market and potential:
Total Population Orange County area 990,000 (2003 per census bureau)
Population Forecast (2010) 1,166,000
Median Age 42
Median Household Income $35,7320
Business Assistance:
A message from the Orlando economic development council:
The Metro Orlando Economic Development Commission (EDC) is an organization that helps business. We are dedicated to meeting the needs of today's industries and creating a competitive economic climate where businesses can thrive. To meet this goal, the EDC provides key services and support, which range from relocation and expansion expertise to export counsel to long-term planning with our community partners.
Our charge is basically two-fold. To attract new business investment, we market the Orlando region worldwide as a top location for business. In addition, we work with local companies to assist them with expansion plans and other business concerns.See their Web site at: http://www.orlandoedc.com/About%20the%20EDC/
Enterprise Florida, Inc. (EFI) State Program
EFI is a partnership between Florida's government and business leaders and is the principal economic development organization for the State of Florida. The mission of EFI is to increase economic opportunities for all Floridians, through the creation of quality jobs and the active support of strong and growing businesses. It pursues this mission in cooperation with its statewide network of economic development partners. The primary focus of EFI includes: labor training, venture capital and technology development.
Enterprise Florida, Inc. 390 N. Orange Ave., Suite 1300
Orlando, FL 32801
(407) 316-4600
Web site: http://www.eflorida.com
Florida Tax Incentives: Advantageous Tax structure both state and local
Florida has no personal income tax, no gift tax, no inheritance or inventory tax and no corporate franchise or property tax. Florida also offers a homestead exemption, a $25,000 tax deduction from real Estate value and sales tax exemptions, including a 12 month exemption on qualified manufacturing equipment, motion pictures, television, recording activities, launch vehicles, fuels and payloads.
More on Incentives/Taxation
Some of the more significant advantages to living and establishing businesses in Florida, with respect to taxes are:
No state income tax
No corporate income tax on sub-chapter S corporations
First $5000 of taxable income apportioned to Florida is exempt
No state property tax on inventory or equipment
No business inventory tax
No corporate franchise tax on capital stock
No corporate tax on limited partnerships, individuals, Estates and private trusts
No collected or assessed state property tax
No sales tax on "boiler fuels" used at a fixed Florida location in an industrial manufacturing, processing or compounding process
No sales and use tax on goods manufactured or produced in Florida for resale or export outside Florida
Corporation accounts receivable (one third) exempt from intangible property tax
Exemption of employee stock options from employer
No property tax on goods-in-transit for up to 180 days
While these are in themselves incentives, the following are additional incentives offered by the State and local government working together to provide you with an environment conducive to your success.
Ad Valorem Tax Exemption (real and personal property) is offered by the local government and is based on the financial impact projected on the County (number of employees, capital expenditure, etc.).
Sales and Use Tax Exemption
Silicon technology-based industry transactions involving manufacturing or research equipment
Purchases of machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
Labor, parts and materials used in repair of and incorporated into machinery and equipment that qualify for sales tax exemption upon purchase (phased in over four years, 25% exempt on July 1, 1999)
Electricity used in the manufacturing process (phased in over five years, 80% exempt on July 1, 1999)
Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
Commercial space activity - launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
Labor component of research and development expenditures---------------------------------------------------------------------
Summary of Florida's Tax Incentive
Qualified Target Industry Tax Refund Programs
This program provides an inducement for target industry to locate new facilities in Florida or to expand existing facilities in Florida. The program provides tax refunds of $3,000 per new job created. The incentive is increased to $6,000 per job if the company locates in a rural county or an Enterprise Zone. Higher awards are available to companies paying very high wages. To qualify for the “QTI” program, a company must create at least 10 new jobs (or a 10% increase for expanding Florida companies), pay an average of at least 115% of area wages, have a significant positive impact on the community and have local support.
Quick Response Training Program
The Quick Response Training Program provides grant funding for customized training to new or expanding businesses. The program is flexible and structured to respond quickly to meet business training objectives. A local training provider – community college, area technical center or university – is selected and available to assist in the application process and program development or delivery. If the business has a training program in place, a state training provider will supervise and manage the training program and serve as the fiscal agent for the grant funds. Reimbursable textbooks/manuals, materials/supplies and training equipment.
Economic Development Transportation Fund
This grant program provides up to $2 million to local governments for the construction or improvement of transportation infrastructure needed to accommodate new or expanding industry.
Expedited Permitting Assistance
State and local permit streamlining procedures are available to assist businesses in obtaining necessary permits and approvals in a quick, efficient and predictable manner.
Specialized Incentives
Your project may qualify for opportunities such as urban or rural tax credits, and incentives for brownsfields and enterprise zones.
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Local Property Tax Incentive
New and expanding businesses can be granted an exemption from property taxes on improvements to real property and for tangible personal property. In order for a company to be eligible for this incentive, it must first meet the definitions of a new or expanding business as defined below:
New Business:
A manufacturer which establishes ten or more full-time jobs.
A business with more than 50% of its sales outside the State of Florida which establishes 25 or more jobs.
Office space of a new Florida corporation housing 50 or more full-time employees of the corporation. The above are applicable if the business is on a site clearly separate from any other facility owned by the same business.
Any business located in a slum or blighted area as defined by Section 163.355, Florida Statutes.
Expanding Business:
A manufacturer that adds a minimum of ten new employees and increases employment by 10% or increases productive output by a minimum of 10%.
A business with more than 50% of its sales outside the State that adds a minimum of 25 new employees and increases employment by 10% or increases productive output by a minimum of 10%.
The expansion must be on the same or a co-located site of the business’ current operations.
If a business meets one of the above definitions as a new or expanding business, it may then file an application for the Economic Development Property Tax Exemption with the local County Commissioners or the appropriate municipality or both. After the city or county commission receives this application, it must submit the application to the county property appraiser for review. After the property appraiser makes the report as to the fiscal impact of granting the exemption, the county or city commission shall then adopt an ordinance in the usual manner-granting the exemption.
A business cannot receive exemption from school taxes or water management district taxes. Also, a business must pay taxes that were approved by the voters of a city or county to pay for bond issues and other special tax levies authorized by the voters of a city or county.
The exemption can only be for the improvements to the real property and for tangible personal property. The land on which the new or expanding business is to be located will still be taxed.
The State offers programs such as the Qualified Target Industry (QTI) Tax Refund Program (tax refund), a Sales Tax Exemption on Electricity and Steam (exemption), a High Impact Performance Incentive (grant) and more.
Tax Information: State
Corporate Income Tax 5.5%
Personal Income Tax 0.0%
Retail Sales Tax 6.0%
Intangible Tax (per $1,000) $1 - $1.50
Groceries and medicine exempt from retail sales tax
Small Business Assistance
Below are nine resources proven helpful to start up and maintain a succesful small business!
Small Business Administration - www.sba.gov
Small Business Development Center - www.fausbdc.com
US Chamber of Commerce Small Business Center - www.uschamber.com/sb
(The US Chamber of Commerce's Small Business Center is a one-stop shop for small businesses, containing everything from practical business advice to the latest small business news from Washington, D.C.)
Florida Small Business - www.floridasmallbusiness.com
Enterprise Florida - www.eflorida.com
The Florida Venture Forum - www.flvencap.org
SCORE Counselors to America's Small Business - www.score-chapter412.org
Odeon Group (Small Business Administration Intermediary) - 305 681-9600
Micro Business USA - 305 438-1407
First Florida Capital - (888) 320-5504
Below is a great site explaining why you should be in business in Florida.
http://eflorida.com/aboutthissite/sitemap/default.asp?tn=1
Starting a Business in Orlando and Orange County
The Orange county area is one of the fastest growing and expanding areas in the country.
With over one million residents, the region is constantly expanding, which means more jobs, incredible opportunities and a great lifestyle.
Whether you’re considering relocating a company or starting a business from scratch, Orange County and it’s neighboring communities have a place for your business.
Employees:
Over 520,000 in the greater Orange County area.
Average Annual Wage (2003)
· All Industries
· $34,623
· Construction
· $38,525
· Education & Health Services
· $35,666
· Financial Activities
· $48,414
· Information
· $48,205
· Leisure & Hospitality
· $21,921
· Manufacturing
· $47,730
· Natural Resources & Mining
· $20,952
· Other Services
· $24,722
· Professional & Business Services
· $40,246
· Public administration
· $41,642
· Trade, Transportation and Utilities
· $33,13
Major industries in Orange county
Construction 5.1%
Education & Health Services 15.0%
Financial Activities 6.5%
Information 2.7%
Leisure & Hospitality 22.2%
Manufacturing 4.6%
Natural Resources & Mining 0.8%
Other Services 2.9% 3.2%
Professional & Business Services 17.3%
Public administration 4.4%
Trade, Transportation and Utilities 18.6%
Source http://www.eflorida.com/profiles/CountyReport.asp?CountyID=54&Display=all
Major Employers (2003)
Walt Disney World
Business Line: Entertainment
Number of Employees...53,500 Orange County Public Schools
Business Line: Education
Number of Employees....22,807
Adventist Health Systems
Business Line: Healthcare
Number of Employees.. 17,059 Universal Orlando
Business Line: Entertainment
Number of Employees....14,500
Orlando Regional Healthcare System
Business Line: Healthcare
Number of Employees... 12,000 Orange County Government
Business Line: Government
Number of Employees..6,577
The market and potential:
Total Population Orange County area 990,000 (2003 per census bureau)
Population Forecast (2010) 1,166,000
Median Age 42
Median Household Income $35,7320
Business Assistance:
A message from the Orlando economic development council:
The Metro Orlando Economic Development Commission (EDC) is an organization that helps business. We are dedicated to meeting the needs of today's industries and creating a competitive economic climate where businesses can thrive. To meet this goal, the EDC provides key services and support, which range from relocation and expansion expertise to export counsel to long-term planning with our community partners.
Our charge is basically two-fold. To attract new business investment, we market the Orlando region worldwide as a top location for business. In addition, we work with local companies to assist them with expansion plans and other business concerns.See their Web site at: http://www.orlandoedc.com/About%20the%20EDC/
Enterprise Florida, Inc. (EFI) State Program
EFI is a partnership between Florida's government and business leaders and is the principal economic development organization for the State of Florida. The mission of EFI is to increase economic opportunities for all Floridians, through the creation of quality jobs and the active support of strong and growing businesses. It pursues this mission in cooperation with its statewide network of economic development partners. The primary focus of EFI includes: labor training, venture capital and technology development.
Enterprise Florida, Inc. 390 N. Orange Ave., Suite 1300
Orlando, FL 32801
(407) 316-4600
Web site: http://www.eflorida.com
Florida Tax Incentives: Advantageous Tax structure both state and local
Florida has no personal income tax, no gift tax, no inheritance or inventory tax and no corporate franchise or property tax. Florida also offers a homestead exemption, a $25,000 tax deduction from real Estate value and sales tax exemptions, including a 12 month exemption on qualified manufacturing equipment, motion pictures, television, recording activities, launch vehicles, fuels and payloads.
More on Incentives/Taxation
Some of the more significant advantages to living and establishing businesses in Florida, with respect to taxes are:
No state income tax
No corporate income tax on sub-chapter S corporations
First $5000 of taxable income apportioned to Florida is exempt
No state property tax on inventory or equipment
No business inventory tax
No corporate franchise tax on capital stock
No corporate tax on limited partnerships, individuals, Estates and private trusts
No collected or assessed state property tax
No sales tax on "boiler fuels" used at a fixed Florida location in an industrial manufacturing, processing or compounding process
No sales and use tax on goods manufactured or produced in Florida for resale or export outside Florida
Corporation accounts receivable (one third) exempt from intangible property tax
Exemption of employee stock options from employer
No property tax on goods-in-transit for up to 180 days
While these are in themselves incentives, the following are additional incentives offered by the State and local government working together to provide you with an environment conducive to your success.
Ad Valorem Tax Exemption (real and personal property) is offered by the local government and is based on the financial impact projected on the County (number of employees, capital expenditure, etc.).
Sales and Use Tax Exemption
Silicon technology-based industry transactions involving manufacturing or research equipment
Purchases of machinery and equipment used by a new or expanding Florida business to manufacture, produce or process tangible personal property for sale
Labor, parts and materials used in repair of and incorporated into machinery and equipment that qualify for sales tax exemption upon purchase (phased in over four years, 25% exempt on July 1, 1999)
Electricity used in the manufacturing process (phased in over five years, 80% exempt on July 1, 1999)
Aircraft parts, modification, maintenance and repair, sale or lease of qualified aircraft
Commercial space activity - launch vehicles, payloads and fuel, machinery and equipment for production of items used exclusively at Spaceport Florida
Labor component of research and development expenditures---------------------------------------------------------------------
Summary of Florida's Tax Incentive
Qualified Target Industry Tax Refund Programs
This program provides an inducement for target industry to locate new facilities in Florida or to expand existing facilities in Florida. The program provides tax refunds of $3,000 per new job created. The incentive is increased to $6,000 per job if the company locates in a rural county or an Enterprise Zone. Higher awards are available to companies paying very high wages. To qualify for the “QTI” program, a company must create at least 10 new jobs (or a 10% increase for expanding Florida companies), pay an average of at least 115% of area wages, have a significant positive impact on the community and have local support.
Quick Response Training Program
The Quick Response Training Program provides grant funding for customized training to new or expanding businesses. The program is flexible and structured to respond quickly to meet business training objectives. A local training provider – community college, area technical center or university – is selected and available to assist in the application process and program development or delivery. If the business has a training program in place, a state training provider will supervise and manage the training program and serve as the fiscal agent for the grant funds. Reimbursable textbooks/manuals, materials/supplies and training equipment.
Economic Development Transportation Fund
This grant program provides up to $2 million to local governments for the construction or improvement of transportation infrastructure needed to accommodate new or expanding industry.
Expedited Permitting Assistance
State and local permit streamlining procedures are available to assist businesses in obtaining necessary permits and approvals in a quick, efficient and predictable manner.
Specialized Incentives
Your project may qualify for opportunities such as urban or rural tax credits, and incentives for brownsfields and enterprise zones.
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Local Property Tax Incentive
New and expanding businesses can be granted an exemption from property taxes on improvements to real property and for tangible personal property. In order for a company to be eligible for this incentive, it must first meet the definitions of a new or expanding business as defined below:
New Business:
A manufacturer which establishes ten or more full-time jobs.
A business with more than 50% of its sales outside the State of Florida which establishes 25 or more jobs.
Office space of a new Florida corporation housing 50 or more full-time employees of the corporation. The above are applicable if the business is on a site clearly separate from any other facility owned by the same business.
Any business located in a slum or blighted area as defined by Section 163.355, Florida Statutes.
Expanding Business:
A manufacturer that adds a minimum of ten new employees and increases employment by 10% or increases productive output by a minimum of 10%.
A business with more than 50% of its sales outside the State that adds a minimum of 25 new employees and increases employment by 10% or increases productive output by a minimum of 10%.
The expansion must be on the same or a co-located site of the business’ current operations.
If a business meets one of the above definitions as a new or expanding business, it may then file an application for the Economic Development Property Tax Exemption with the local County Commissioners or the appropriate municipality or both. After the city or county commission receives this application, it must submit the application to the county property appraiser for review. After the property appraiser makes the report as to the fiscal impact of granting the exemption, the county or city commission shall then adopt an ordinance in the usual manner-granting the exemption.
A business cannot receive exemption from school taxes or water management district taxes. Also, a business must pay taxes that were approved by the voters of a city or county to pay for bond issues and other special tax levies authorized by the voters of a city or county.
The exemption can only be for the improvements to the real property and for tangible personal property. The land on which the new or expanding business is to be located will still be taxed.
The State offers programs such as the Qualified Target Industry (QTI) Tax Refund Program (tax refund), a Sales Tax Exemption on Electricity and Steam (exemption), a High Impact Performance Incentive (grant) and more.
Tax Information: State
Corporate Income Tax 5.5%
Personal Income Tax 0.0%
Retail Sales Tax 6.0%
Intangible Tax (per $1,000) $1 - $1.50
Groceries and medicine exempt from retail sales tax
Small Business Assistance
Below are nine resources proven helpful to start up and maintain a succesful small business!
Small Business Administration - www.sba.gov
Small Business Development Center - www.fausbdc.com
US Chamber of Commerce Small Business Center - www.uschamber.com/sb
(The US Chamber of Commerce's Small Business Center is a one-stop shop for small businesses, containing everything from practical business advice to the latest small business news from Washington, D.C.)
Florida Small Business - www.floridasmallbusiness.com
Enterprise Florida - www.eflorida.com
The Florida Venture Forum - www.flvencap.org
SCORE Counselors to America's Small Business - www.score-chapter412.org
Odeon Group (Small Business Administration Intermediary) - 305 681-9600
Micro Business USA - 305 438-1407
First Florida Capital - (888) 320-5504
Below is a great site explaining why you should be in business in Florida.
http://eflorida.com/aboutthissite/sitemap/default.asp?tn=1
Orlando and Orange County Weather
Orlando and Orange County Weather
Orange County’s mild climate, lets you enjoy outdoor recreational opportunities year round. Winter, spring and fall are filled with lots of sunshine.
The hottest month is July and August, with an average high of 92° F and an average low of 73° F. In January the average high temperature is 70° F and the average low is 48° F.
Normal annual precipitation is 53 inches, with the largest monthly totals accumulating from July through September.
Orange county Temperature Annual high average
Month Air
January 70.8
February 72.7
March 78.0
April 83.0
May 87,8
June 90.5
July 91.5
August 91.5
September 89.7
October 84.6
November 78.5
December 72.9
*To compare Orange County weather with other major USA cities go here http://www.infoplease.com/ipa/A0762183.html
Other Weather Indicators Annual
Average Wind Speed 8.5
Clear Days 89
Partly Cloudy Days 147
Cloudy Days 130
Avg. Relative Humidity 74.0. To see stats by the month, go to
For hurricane information go to the FEMA site at http://www.fema.gov/hazards/hurricanes/
For current information about hurricanes go to http://www.nhc.noaa.gov
For 2005 climate info by areas go to http://www.coaps.fsu.edu/climate_center/LCD/2005LCD.html
For current weather forecasts by cities go to http://iwin.nws.noaa.gov/iwin/fl/fl.html
*Although it looks like we have lots of cloudy days, the sun is out almost year round and the clouds are partial-not like in the Northwest (where I’m from) and it will stay overcast and dark for weeks on end.
*Although we do get rain here-it is a tropical rain and comes and goes quickly and acts as a refresher to the hot days.
To see average January temperatures across the United States go to http://www.mapsofworld.com/usa/thematic-maps/usa-temprature-january.html
Compare where you live or want to live in Florida. For more specific info, look at the area you are interested in and go to the weather page.
So what about Hurricanes, the rainy season and humidity?
We are a tropical climate, so our rainy season comes in the summer. Generally it will rain hard for a half hour then subside. It does get humid then. Although not as bad as you’d think. Our water breezes really help cool us off.
Hurricanes.
Despite four devastating hurricanes in 2004, the number of Florida visitors rose 7% to an all-time high of 79.8 million last year and is on target to hit 80 million this year.
To think on:
If you live on the coast you stand the greatest chance of having one affect you. Some areas of Florida have gone fifty years plus without one but you never know.
As a resident having lived in the Keys and now in central Florida I’ve been through them.
In my opinion, the best thing you can do is buy a home that was built after Andrew-August 92 that was built to stricter building codes. Have window protection and a backup generator and make sure your insurance is up to date. If they ask you to leave, do it!
Realize-If you live in an older home that was not built up to the stricter building codes (After Hurricane Andrew-August 1992) or you live in a mobile home you stand the best chance of having major structural damage.
Living on the beach in a mobile home is asking for it. Although, you may never have a problem, you’re still definitely taking your chances. Barrier islands and open-water Ocean or Gulf front are the most prone to damage.
Having lived in California, I prefer the threat of a hurricane however as opposed to an earthquake. At least you have a warning.
For current information about hurricanes go to http://www.nhc.noaa.gov/
For 2005 climate info by areas go to http://www.coaps.fsu.edu/climate_center/LCD/2005LCD.html
For current weather forecasts by cities go to http://iwin.nws.noaa.gov/iwin/fl/fl.html
*Living in a waterfront home typically means that you will pay a higher Insurance premium. The insurance is higher due to flood and wind concerns.
Part of this is also because the pricing on these homes is higher so there is more value to insure against.
Having said all this, I can’t imagine living elsewhere. It is really great to wake up and it’s sunny out.
We spend over half our lives indoors, so when you do go outside, wouldn’t it be nice if it was warm and sunny?
What if you went on vacation and never went back? Sound crazy?
We spend half our lives indoors—why not spend the rest of the time in the sun? You can live in Paradise
Orange County’s mild climate, lets you enjoy outdoor recreational opportunities year round. Winter, spring and fall are filled with lots of sunshine.
The hottest month is July and August, with an average high of 92° F and an average low of 73° F. In January the average high temperature is 70° F and the average low is 48° F.
Normal annual precipitation is 53 inches, with the largest monthly totals accumulating from July through September.
Orange county Temperature Annual high average
Month Air
January 70.8
February 72.7
March 78.0
April 83.0
May 87,8
June 90.5
July 91.5
August 91.5
September 89.7
October 84.6
November 78.5
December 72.9
*To compare Orange County weather with other major USA cities go here http://www.infoplease.com/ipa/A0762183.html
Other Weather Indicators Annual
Average Wind Speed 8.5
Clear Days 89
Partly Cloudy Days 147
Cloudy Days 130
Avg. Relative Humidity 74.0. To see stats by the month, go to
For hurricane information go to the FEMA site at http://www.fema.gov/hazards/hurricanes/
For current information about hurricanes go to http://www.nhc.noaa.gov
For 2005 climate info by areas go to http://www.coaps.fsu.edu/climate_center/LCD/2005LCD.html
For current weather forecasts by cities go to http://iwin.nws.noaa.gov/iwin/fl/fl.html
*Although it looks like we have lots of cloudy days, the sun is out almost year round and the clouds are partial-not like in the Northwest (where I’m from) and it will stay overcast and dark for weeks on end.
*Although we do get rain here-it is a tropical rain and comes and goes quickly and acts as a refresher to the hot days.
To see average January temperatures across the United States go to http://www.mapsofworld.com/usa/thematic-maps/usa-temprature-january.html
Compare where you live or want to live in Florida. For more specific info, look at the area you are interested in and go to the weather page.
So what about Hurricanes, the rainy season and humidity?
We are a tropical climate, so our rainy season comes in the summer. Generally it will rain hard for a half hour then subside. It does get humid then. Although not as bad as you’d think. Our water breezes really help cool us off.
Hurricanes.
Despite four devastating hurricanes in 2004, the number of Florida visitors rose 7% to an all-time high of 79.8 million last year and is on target to hit 80 million this year.
To think on:
If you live on the coast you stand the greatest chance of having one affect you. Some areas of Florida have gone fifty years plus without one but you never know.
As a resident having lived in the Keys and now in central Florida I’ve been through them.
In my opinion, the best thing you can do is buy a home that was built after Andrew-August 92 that was built to stricter building codes. Have window protection and a backup generator and make sure your insurance is up to date. If they ask you to leave, do it!
Realize-If you live in an older home that was not built up to the stricter building codes (After Hurricane Andrew-August 1992) or you live in a mobile home you stand the best chance of having major structural damage.
Living on the beach in a mobile home is asking for it. Although, you may never have a problem, you’re still definitely taking your chances. Barrier islands and open-water Ocean or Gulf front are the most prone to damage.
Having lived in California, I prefer the threat of a hurricane however as opposed to an earthquake. At least you have a warning.
For current information about hurricanes go to http://www.nhc.noaa.gov/
For 2005 climate info by areas go to http://www.coaps.fsu.edu/climate_center/LCD/2005LCD.html
For current weather forecasts by cities go to http://iwin.nws.noaa.gov/iwin/fl/fl.html
*Living in a waterfront home typically means that you will pay a higher Insurance premium. The insurance is higher due to flood and wind concerns.
Part of this is also because the pricing on these homes is higher so there is more value to insure against.
Having said all this, I can’t imagine living elsewhere. It is really great to wake up and it’s sunny out.
We spend over half our lives indoors, so when you do go outside, wouldn’t it be nice if it was warm and sunny?
What if you went on vacation and never went back? Sound crazy?
We spend half our lives indoors—why not spend the rest of the time in the sun? You can live in Paradise
Monday, July 02, 2007
Relocating to melbourne florida is a great choice
Historically, the place that gives this entire area its “name” is Melbourne, the oldest and best-known community on what Floridians call the “Space Coast”. Melbourne is right in the center of a long north-south corridor – coastal Brevard County – that is sandwiched between the St. Johns River Basin to the West and the Atlantic Ocean.
It stretches from Palm Bay and other smaller communities in the south through Melbourne, West Melbourne, and Melbourne Village in central Brevard to Viera, Cocoa and Titusville in the north. And it includes a half dozen beach communities on one long, fabulous barrier island stretching from Sebastian Inlet to Cape Canaveral.
The location makes anywhere in the state very accessible. Even remote Key West is just a 5 or 6 hour drive. As to Outdoor and recreational opportunities, in my opinion it’s one of the best places in Florida. The beaches are not jammed, there is plenty of access and it’s not wall to wall development.
The location makes anywhere in the state very accessible. Orlando is just an hour away and even remote Key West is just a 5 or 6 hour drive. As to Outdoor and recreational opportunities, in my opinion it’s one of the best places in Florida. The beaches are not jammed, there is plenty of access and it’s not wall to wall development.
It stretches from Palm Bay and other smaller communities in the south through Melbourne, West Melbourne, and Melbourne Village in central Brevard to Viera, Cocoa and Titusville in the north. And it includes a half dozen beach communities on one long, fabulous barrier island stretching from Sebastian Inlet to Cape Canaveral.
The location makes anywhere in the state very accessible. Even remote Key West is just a 5 or 6 hour drive. As to Outdoor and recreational opportunities, in my opinion it’s one of the best places in Florida. The beaches are not jammed, there is plenty of access and it’s not wall to wall development.
The location makes anywhere in the state very accessible. Orlando is just an hour away and even remote Key West is just a 5 or 6 hour drive. As to Outdoor and recreational opportunities, in my opinion it’s one of the best places in Florida. The beaches are not jammed, there is plenty of access and it’s not wall to wall development.
Thursday, January 25, 2007
New Florida Insurance proposals
Lawmakers wrangle more Citizens rate relief
TALLAHASSEE – Jan. 22, 2007 – Lawmakers turned their attention to Citizens Property Insurance Corp. on Sunday, wringing some additional rate relief for customers in the state pool after reaching a broader agreement over the weekend to roll back private homeowners’ insurance rates.
A House-Senate compromise bill goes to the full Legislature today, the last day of the special session tackling runaway rates. It then goes to Gov. Charlie Crist, who on Sunday expressed optimism but didn’t tip his hand as to whether he intended to sign or veto the bill.
A breakthrough in negotiations late Saturday brought a deal indicating that Floridians can expect to pay roughly 25 percent less on their insurance bills beginning this summer, although the amount could vary widely depending on location and which company provides the coverage. A cross-section of sample companies that the state Office of Insurance Regulation tested with provisions of the new legislation reported that rates would fall anywhere from single digits to more than 30 percent.
When it appeared Sunday that Citizens’ customers wouldn’t do as well, lawmakers went back at the legislation and tweaked the bill to provide a rollback of about 20 percent for those in the state pool.
“We’ve delivered very, very substantial rate relief – higher rate relief than any of us thought possible a month ago,” said state Sen. Steven Geller, D-Hallandale Beach, an architect of the Senate bill.Late-night and weekend arm-twisting settled a key provision of the bill – expanding the Florida Hurricane Catastrophe Fund to provide more and cheaper state-backed reinsurance. The cost of reinsurance in the private markets had been identified as a key driver in Florida’s soaring rates.Lawmakers were clearly pleased with the outcome of the special session.
Thursday, January 04, 2007
Things to consider in buying a waterfront vacation home
Things to consider when buying any waterfront vacation home.
Is there a view?
Views really do matter. An unobstructed Ocean view adds as much as 60% to the value of a home per the Journal of Real Estate Finance and Economics. Proximity to Golf courses or a park can add as much as 20% to a homes value. This is per an article by a much published author named Soren Anderson, a writer from Manchester College.
Consider the recreational activities…
The What and the When.
For example in a Ski resort area, your options are limited due to weather considerations and the total amount of activities available is definitely less.
*In the Keys and in most Florida Gulf or Atlantic communities, about the only thing you cannot do year round are mountain climbing and white water rafting.
Nearby Medical and shopping options
These are very important considerations. If there is an accident, how far away is a hospital?
If you need groceries or restaurants, what is nearby?
Oftentimes vacation properties can be secluded and don’t offer easy access to the above. At first being remote can seem as desirable, but in the end it can grow old quickly.
This also affects home values by the way. If you can have the vacation feel and recreation, yet have amenities nearby, the prices go up.
How much room do you need?
If you own a home with nearby recreation and sightseeing, expect people to come out of the woodwork. Everyone will be your friend. Larger homes, with more bedrooms, a 3/2 and up always rent better. So if you can, get a home with extra space.
Type of Construction or is it built to last.
The age of the home will determine the building code that it was built to. In the Keys newer homes have to be built to strict specs as to wind handling characteristics.
Also, look for low maintenance homes.
SDome homes in the waterfront areas are made of concrete block and have pea-rock for yards and the outside is stucco over concrete or frame. This means lower maintenance, which is very important for an absentee owner.
Finding renters
Does the home have good rental potential and is there local rental management available?
This is a very important consideration, both for long term and short term vacation rentals.
Remember, even if you don’t want to rent, this can be an important consideration for a future buyer or if your situation changes.
Home maintenance.
Are there nearby electricians, plumbers, appliance stores and general contractors.
If anything does happen, the prices to have things repaired or replaced will be less if there is competition and service people are nearby.
Check with the REALTOR you are talking with to get a Vendor list of who the Real Estate company uses to service their rentals and offices.
Rules and Regulations
Make sure you are clear on and have copies of any deed restrictions or condo docs as to what is allowed and what is not. Too many rules can be appetizing for some but a turnoff for future buyers. For example if you have children who will want to use the property in the future as a college break, lots of communities can prohibit it.
In conclusion, Vacation homes can offer good investment potential from an appreciation aspect and income potential from renters.
Income potential.
As Florida grows (it is on pace to be the 2nd largest state in the USA by 2010) we will have more people looking to vacation here. This will drive prices up and make rental occupancy rates climb even more.
Is there a view?
Views really do matter. An unobstructed Ocean view adds as much as 60% to the value of a home per the Journal of Real Estate Finance and Economics. Proximity to Golf courses or a park can add as much as 20% to a homes value. This is per an article by a much published author named Soren Anderson, a writer from Manchester College.
Consider the recreational activities…
The What and the When.
For example in a Ski resort area, your options are limited due to weather considerations and the total amount of activities available is definitely less.
*In the Keys and in most Florida Gulf or Atlantic communities, about the only thing you cannot do year round are mountain climbing and white water rafting.
Nearby Medical and shopping options
These are very important considerations. If there is an accident, how far away is a hospital?
If you need groceries or restaurants, what is nearby?
Oftentimes vacation properties can be secluded and don’t offer easy access to the above. At first being remote can seem as desirable, but in the end it can grow old quickly.
This also affects home values by the way. If you can have the vacation feel and recreation, yet have amenities nearby, the prices go up.
How much room do you need?
If you own a home with nearby recreation and sightseeing, expect people to come out of the woodwork. Everyone will be your friend. Larger homes, with more bedrooms, a 3/2 and up always rent better. So if you can, get a home with extra space.
Type of Construction or is it built to last.
The age of the home will determine the building code that it was built to. In the Keys newer homes have to be built to strict specs as to wind handling characteristics.
Also, look for low maintenance homes.
SDome homes in the waterfront areas are made of concrete block and have pea-rock for yards and the outside is stucco over concrete or frame. This means lower maintenance, which is very important for an absentee owner.
Finding renters
Does the home have good rental potential and is there local rental management available?
This is a very important consideration, both for long term and short term vacation rentals.
Remember, even if you don’t want to rent, this can be an important consideration for a future buyer or if your situation changes.
Home maintenance.
Are there nearby electricians, plumbers, appliance stores and general contractors.
If anything does happen, the prices to have things repaired or replaced will be less if there is competition and service people are nearby.
Check with the REALTOR you are talking with to get a Vendor list of who the Real Estate company uses to service their rentals and offices.
Rules and Regulations
Make sure you are clear on and have copies of any deed restrictions or condo docs as to what is allowed and what is not. Too many rules can be appetizing for some but a turnoff for future buyers. For example if you have children who will want to use the property in the future as a college break, lots of communities can prohibit it.
In conclusion, Vacation homes can offer good investment potential from an appreciation aspect and income potential from renters.
Income potential.
As Florida grows (it is on pace to be the 2nd largest state in the USA by 2010) we will have more people looking to vacation here. This will drive prices up and make rental occupancy rates climb even more.
Thursday, November 09, 2006
St Augustine
St, Augustine is a wonderful, quiet residential town located on the Intracoastal Waterway and the Atlantic Ocean forty miles south of Jacksonville in an otherwise fairly undeveloped part of St Johns County. It has a population of 14,000 and occupies 8.4 square miles. The San Sebastian and Matanzas Rivers thread through it; three bridges lead to the barrier island beaches. To the west is farm country and the St. Johns river and lake system.
Nearest cities:
St. Augustine’s location may be delightfully small town, but other cities are not far away. For example, Downtown Jacksonville is only about 45 minutes North, Daytona Beach about an hour South, Gainesville about an hour West.
Some smaller towns or sites are nearby:
* Butler Beach, FL (3.3 miles)
* St. Augustine Beach, FL (3.4 miles)
* Crescent Beach, FL (5.0 miles)
* Villano Beach, FL (8.6 miles),
* Marineland, FL (11.9 miles)
* Hastings, FL (15.2 miles)
Nearest cities:
St. Augustine’s location may be delightfully small town, but other cities are not far away. For example, Downtown Jacksonville is only about 45 minutes North, Daytona Beach about an hour South, Gainesville about an hour West.
Some smaller towns or sites are nearby:
* Butler Beach, FL (3.3 miles)
* St. Augustine Beach, FL (3.4 miles)
* Crescent Beach, FL (5.0 miles)
* Villano Beach, FL (8.6 miles),
* Marineland, FL (11.9 miles)
* Hastings, FL (15.2 miles)
Saturday, October 14, 2006
Business possibilities in the Keys
NICHE BUSINESS possibilities
The Companies that have anything to do with remodeling, are always in need of help for all phases of the jobs, drywall, painters, tilers, installers etc. If you have skills in these areas, there is opportunity to start your own business and lock in with the builders. The main thing is to be licensed, reliable and do good work. One thing you need to know is that help in these areas is hard to find---since rents are high most workers cannot live on even up to $15.00 per hour---so if you're thinking about a business other than retail that requires lot's of help, tyou may have a problem.
There are also many other areas of opportunity. Remember most people that buy homes here need services--For instance the rental houses all need pest control, yard maintenance, cleaning people and a handy man. Generally what happens is an individual or couple start a lawn business. They then go to all the Real Estate offices etc and promote it plus run ads offering their service. After they get to about 50-75 homes or so they are filled up. At this point they don't accept any more work--what I'm saying is that this is constantly evolving and that small niche business can work very well in the Keys. I can tell you from my own experience if you're reliable, return phone calls and do show up you can do well down here.
SUMMARY: The best way to get a feel for what's happening is for you to come down here.
The Companies that have anything to do with remodeling, are always in need of help for all phases of the jobs, drywall, painters, tilers, installers etc. If you have skills in these areas, there is opportunity to start your own business and lock in with the builders. The main thing is to be licensed, reliable and do good work. One thing you need to know is that help in these areas is hard to find---since rents are high most workers cannot live on even up to $15.00 per hour---so if you're thinking about a business other than retail that requires lot's of help, tyou may have a problem.
There are also many other areas of opportunity. Remember most people that buy homes here need services--For instance the rental houses all need pest control, yard maintenance, cleaning people and a handy man. Generally what happens is an individual or couple start a lawn business. They then go to all the Real Estate offices etc and promote it plus run ads offering their service. After they get to about 50-75 homes or so they are filled up. At this point they don't accept any more work--what I'm saying is that this is constantly evolving and that small niche business can work very well in the Keys. I can tell you from my own experience if you're reliable, return phone calls and do show up you can do well down here.
SUMMARY: The best way to get a feel for what's happening is for you to come down here.
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