Headlines – Week of May 8, 2011

May 17, 2011

Florida Population – Census summary 2010

According to the 2010 Census, Florida’s population was 18,801,310 on April 1, 2010, an increase of 2,818,486 since April 1, 2000.

The period from 2000-2010 was the fourth consecutive decade to see the Florida population grow by more than 2.8 million residents. Florida’s numeric population increase during the past decade was the third largest of any state, trailing only Texas and California. Its percent increase (17.6 percent) was the eighth largest in the nation.

Among counties, only Monroe and Pinellas counties saw a population decline over the decade, while 65 of Florida’s 67 counties logged an increase.

Twenty-four of Florida’s 67 counties grew by more than 20 percent, and 52 beat the national growth rate of 9.7 percent.

The fastest growing counties were Flagler, Sumter, Osceola and St. Johns.

The slowest growing counties were Hardee, Gadsden, Madison, Escambia, Monroe and Pinellas.

The largest county is Miami-Dade, with a population of 2,496,435. Its population grew by 10.8 percent since 2000

In terms of numeric population growth, the largest increases occurred in counties located in central and south Florida. Orange, Miami-Dade, Hillsborough, Palm Beach and Lee each grew by more than 150,000 residents during the decade. Three other counties – Broward, Pasco, and Polk – grew by more than 100,000.

More than 94 percent of Florida’s population lived in metropolitan areas in 2010. Approximately 55 percent of Florida’s residents currently live in incorporated cities and towns, compared to less than 50 percent in 2000.

Nine new cities and towns were established during the decade and one (Cedar Grove) lost its official status as an incorporated place.

Click HERE to see a map showing the total population by county for Florida.

Click HERE to see a map showing the percent change in the population by county.

Click HERE to download the 52-page “Florida Population: Census Summary 2010”.

Vacation Home Rentals a Growing Trend

According to an article in the Dayton Daily News vacation home rentals are becoming a growing trend as more travelers choose to rent a house, condominium, apartment or villa rather than stay in a traditional hotel room.

According to a 2010 survey by Radius Global Market Research, there are more than 6 million vacation properties in the United States and Europe that are rented to travelers every year. These vacation rentals generated more than $85 billion in rental income in 2010.

Families are the core of the vacation home market.  Some of the factors driving the growth include travelers’ desire for value, space, privacy, flexibility and amenities. A four-bedroom home in Orlando, with a private pool, can be found on VacationRentals.com for less than $100 night, less than many area hotel rooms. Vacation rentals become an even better value if you share the expenses with extended family or friends.

As an example of this growing trend, the HomeAway network of rentals (which includes HomeAway, Vacation Rentals By Owners (VRBO) and VacationRentals.com) had more than 527,000 listings worldwide in 2010, an increase of more than 200,000 from 2008.

The Vacation Rental Managers Association (VRMA) — which includes more than 600 property management and associate members in the United States, Canada, Mexico and the Caribbean — now represents approximately 150,000 vacation properties.

Discover Vacation Homes, a VRMA initiative, puts travelers in touch with local realtors, familiar with the area. And sites like VRBO enable travelers to rent directly from owners. Tourists unfamiliar with the region or even the language can ask owners for help with directions, restaurant recommendations or simple translations.

Full Article

Florida Biotech Industry Outpaces Nation

According to a study by the University of Florida, while the biotechnology industry has weakened across the U.S., Florida has seen a 21 percent jump in the number of biotech companies since 2008 and a surge in investment.

Updated numbers from the Florida BioDatabase, maintained by UF’s Sid Martin Biotechnology Incubator in Alachua, show 29 new companies opened during the last three years for a total of 165 in Florida. The BioDatabase considers a biotech company as one having a true research and development core that helps fuel the innovation of new products for Florida’s growing biomed industry.

According to one expert, Florida has the key ingredients for growth including a strong research base and an increasing trend in venture capital funding.

Bloomberg News and Ernst & Young recently reported the nationwide U.S. biotechnology sector lost 15 to 25 percent of public companies and 5 to 10 percent of privately held companies in the last three years.

The rate of growth in total investment funding for the biomedical industry in Florida far outpaced the national scene with investment dollars in 2010 increasing 37 percent over 2009 to $158 million, while life science funding growth nationwide has remained relatively flat over the past year.

Florida’s biomedical industry is off to a strong start in 2011 with the level of investment dollars at more than $75 million in the first quarter representing nearly 50 percent of total funding in all 2010, according to data collected for the Florida Biodatabase. Moreover, venture capital funding comprises over half this amount and consists of three deals valued at a total of $40 million.

Florida continues to establish itself with more than a dozen world-class research centers and key academic institutions.

The University of Florida was named by the Milken Institute as the top performing public institution at transferring its research to the marketplace; and the Scripps Research Institute is one of the largest private, nonprofit biomedical research organizations in the world.

Other significant institutes that have added to recent growth include Sanford Burnham, Torrey Pines, Max Planck, M2GEN, Miami Institute for Human Genomics, OHS Vaccine and Gene Therapy Institute, SRI International and Draper Labs, along with key research centers at all of the major public universities in Florida.

For more information on the Florida BioDatabase click HERE.

For more information on the Sid Martin Biotechnology Incubator click HERE

Posted by Scott R. Lodde


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