JLL Florida Snapshot
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Women-owned businesses in Florida grew 67% between 2007 and 2016, faster than the national average of 45.2%. In particular, South Florida saw women-owned business growth of 94.7% and Orlando saw 83.5% growth. Given migration trends, lower costs of living, and a strong business climate, it is not surprising that four of the top five metro areas for women-owned business growth are located in the Southeast, including South Florida and Orlando in Florida.
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JLL Florida Snapshot
- 1. © 2017 Jones Lang LaSalle IP, Inc. All rights reserved. Snapshots Women-owned businesses surge in the Sunshine State Florida • Among the nation’s 15 most populous states, women-owned businesses in Florida grew the fastest, increasing over 67.0 percent between 2007 and 2016. This was closely followed by two other pro-business states - Georgia and Texas. All three states grew much faster than the national average of 45.2 percent. • On metro level, Florida particularly shined. Women-owned businesses in South Florida grew an incredible 94.7 percent during that period, while Orlando saw an exceptional 83.5 percent increase. Among the nation’s top 50 MSAs, only Memphis (122.2%), Detroit (121.4%) and Charlotte (105.4%) outpaced those Florida metros. Miami is now home to the 3rd most WOBs. • Given migratory trends, cost of living, and overall economic and business climate, it should come as no surprise that four of the top five metro areas for women-owned business growth are located in the Southeast. 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% %growthinWOB2007-2016 Source: JLL Research; AMEX Open; Womenable 2016 State of Women-Owned Businesses Report Metro area % growth in WOB 2007-2016 South Florida 94.7% Orlando 83.5% Jacksonville 60.5% Tampa Bay 56.8% Top 50 MSA average 45.2% June 12, 2017