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    Tampa Economic Indicators

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    Tampa Economic Indicators

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    Tampa Economic Indicators

    Uploaded by

    TampaEDC

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    Attribution Non-Commercial (BY-NC)
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    of 1

    ECONOMIC INDICATORS

    TAMPA HILLSBOROUGH ECONOMIC DEVELOPMENT CORPORATION Bright. Bold. Connected.

    EMPLOYMENT (Not seasonally adjusted) TAMPA MSA MAJOR INDUSTRY EMPLOYMENT

    Labor Force Employment Unemployment Unemployment Nov 09 Nov 10 %Δ**


    (Nov 10) (Nov 10) Rate (Nov 09) Rate (Nov 10)
    Mining & Logging 500 500 0.0%
    Hernando 63,636 53,951 14.5% 15.2%
    Construction 56,000 52,300 -6.6%
    Hillsborough 598,331 524,775 12.0% 12.3%
    Manufacturing 58,200 55,000 -5.5%
    Pasco 197,703 170,979 13.0% 13.5%
    Wholesale Trade 47,100 44,900 -4.7%
    Pinellas 447,104 391,870 11.8% 12.4%
    Retail Trade 135,900 136,000 0.1%
    Tampa MSA 1,306,774 1,141,575 12.2% 12.6%
    Transportation, Warehousing, Utilities 25,400 25,100 -1.2%
    Florida 9,225,000 8,103,000 11.4% 12.2% Information 27,300 26,000 -4.8%
    United States 153,698,000 139,415,000 9.4% 9.3% Finance and Insurance 69,100 70,100 1.5%
    Source: FL Agency for Workforce Innovation, LAUS and Bureau of Labor Statistics — U.S. Department of Labor Real Estate, Rental, & Leasing 21,600 21,400 -0.9%
    Professional & Business Services 192,000 196,900 2.6%
    BUILDING PERMITS & VALUE (Hillsborough County) Education & Health Services 176,200 178,100 1.1%
    3Q09 3Q10 %Δ** Leisure and Hospitality 114,900 116,400 1.3%
    Permitted Housing Units, All Types 925 700 -24.3% Other Services 43,800 44,400 1.4%
    Value of Non-Residential Permits ($1,000s) $36,358 $30,012 -17.5% Total Government 158,400 160,800 1.5%
    Source: Hillsborough County City-County Planning Commission Source: FL Agency for Workforce Innovation, CES

    REAL ESTATE (Commercial) REAL ESTATE (Residential) RESIDENTIAL UTILITIES


    2Q10 to 3Q10 Trends Nov 09 YTD Nov 10 YTD %Δ** Nov 09 Nov 10 %Δ**
    Under Total
    Vacancy Absorption 17,670 18,097 2.4%
    Construction Units Sold
    Active Meters NA NA NA
    Office Average
    163,777 160,182 -2.2%
    Sales Price
    Industrial Source: Tampa Electric Company, Hillsborough County
    Source: Greater Tampa Association of Realtors (GTAR) Includes
    Source: Cushman & Wakefield Market Beat (Hillsborough County) homes sold in Hillsborough and Pasco Counties through Realtors ®

    AIRPORT ACTIVITY SEAPORT ACTIVITY TOURISM


    Nov 09 YTD Nov 10 YTD %Δ** 2009 FY 2010 FY %Δ** Nov 09 YTD Nov 10 YTD %Δ**

    Total Cruise Occupancy 52.76% 57.30% 8.6%


    15,545,681 15,254,562 -1.9% 802,937 802,775 0%
    Passengers Passengers
    Average
    Total Total Bulk & $95.20 $86.44 -9.2%
    158,238,280 164,667,949 4.1% 37,809,715 37,148,407 -2% Daily Rate
    Cargo (lbs) General Cargo1
    RevPar1 $50.24 $49.54 -1.4%
    Source: Tampa International Airport Containers TEU 48,788 44,827 -8%
    1
    1
    Revenue Per Available Room
    Unit of Measure = Net Tons Source: Tampa Bay & Company
    Source: Tampa Port Authority
    November 2010 ** %Δ Denotes “Percentage Change””

    • The Tampa Hillsborough EDC unveiled the Locational Assessment and Strategic Plan for Economic Growth, a new strategic job growth plan for Hillsborough
    County. The Assessment is the culmination of a seven-month effort to evaluate the competiveness of Hillsborough County and its municipalities in
    developing, attracting, and retaining quality jobs. (Tampa Hillsborough EDC, 11-04-10)
    • The Tampa Port Authority (TPA) announced that Zim American Integrated Shipping expanded its South America Express (SAX) service, which will provide
    service from the Port of Tampa to ports in Brazil and Venezuela. (Tampa Port Authority, 11-05-10)
    • Revonergy Inc., a renewable energy company headquartered in London, said it plans to open an office in Tampa early next year. The company chose Tampa
    for its cost-friendliness, airport access and promise as a recruiting ground for clean technology professionals. (Tampa Bay Business Journal, 11-05-10)
    • Innovative Vacuum Solutions (IVS), a New Hampshire-based company that specializes in high vacuum pump technology, will expand to Tampa next month,
    opening a service center that will create 10 new jobs. (Tampa Hillsborough EDC, 11-08-10)
    • SRA International, Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services to government organizations and commercial clients,
    announced the opening of a new regional office in Tampa, FL. The company will create between 60 to 80 high paying jobs over the next year.
    (Tampa Hillsborough Economic Development Corporation, 11-09-10)

    Report produced by Tampa Hillsborough EDC Research. For more information visit www.tampaedc.com or call 813.218.3307 12-27-10

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