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Tampa Bay Economy Lagging Behind the Rest of Florida

September 13, 2011

This article just popped up on the TBO.com.  The key point is this:

The Bay area’s GDP hit about $102.9 billion last year when adjusted for inflation. That was up about 0.9 percent from 2009.

* * *

While any growth is welcome, the Bay area lagged the statewide growth rate of 1.4 percent last year, said Sean Snaith, an economist with the University of Central Florida in Orlando.

* * *

Orlando’s tourism industry has rebounded well since the recession and helped that region’s economy grow by 2.4 percent – or nearly triple the Bay area’s rate.

Jacksonville’s GDP grew by about 2.1 percent, while the Miami-Fort Lauderdale-West Palm Beach area grew by 1.1 percent, the federal data show.

The first thing we would like to point out is that the irony that the report quotes an economist from UCF.

We also don’t buy the tourism point.  If that were the case, why is Jacksonville growing at almost the same rate?  In any event, it is further proof that Tampa Bay needs to change its ways.

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