When your business has access to 10 million people within 100 miles while in an area with an alluring business climate and explosive population growth, success follows.
There’s a reason why Publix Super Markets, Legoland Florida Resorts, Florida’s Natural, Nucor Steel Florida and Amazon Air all call Polk County home.
Ideally located between the major metros of Tampa and Orlando, Polk County boasts a pro-business environment that offers a potent blend of connectivity, workforce talent and low operating costs. Its well-developed infrastructure allows connectivity to all modes of transportation, including three international airports and three seaports within an hour’s drive, and 300 miles of rail.
In 2020, the county attracted $120+ million in new capital development and 548 new and retained jobs. Capital investment means more tax revenue for the county, keeping local sales and property taxes low. Those are just two factors that help make Polk County a desirable place to live and work.
Local officials help our employees keep money in their wallets by being good stewards of tax dollars. According to WalletHub, Florida ranks sixth in the nation on state and local tax rates on the median U.S. household income at 8.23 percent — or about $5,200 a year. That’s nearly 24 percent lower than the U.S. average. The Tax Foundation ranks Florida No. 4 in the country in taxes, No. 1 in individual taxes and No. 6 in corporate taxes.
The county’s strategic location delivers the competitive costs and workforce talent that businesses desire. That’s bolstered by responsive incentives offered to companies that qualify to bring high-skill, high-paying jobs here.
Ranked in 2020 as Florida’s most industrial diverse MSA, Manufacturing remains a top employer in Polk County with about 17,000 jobs or about 8.8 percent of the workforce. As manufacturing becomes more advanced and tech-enabled, moving from the assembly lines we’ve all seen on old television shows to robots and artificial intelligence monitored by highly skilled employees, wages increase, averaging about $57,000 a year now. In Polk, about 70 percent of manufacturing jobs are in advanced manufacturing.
The county’s job growth, predicted to increase to 42.5 percent in the next 10 years, is higher than the national average of 33.5 percent, according to BestPlaces.net. At the same time, according to U.S. News & World Report, Polk continues to rank high:
- No. 9 best places to live in Florida
- No. 61 best places to live
- No. 7 fastest-growing places
Recently released Census data shows it’s growing faster than many other cities. It also grew faster than the state and the nation in the latest Census, increasing in population 20.4 percent from 2010. In real numbers, that means we grew 122,951 to 725,046 people, up from 602,095.
All those people need places to live, fueling growth in construction. Polk County ranks 13th in housing units, a 12.5 percent increase to 316,381 units.
BuzzFeed reported that Lakeland ranked No. 2 in locations people moved to in 2020, thanks mostly to lower cost of living and location.
Quality of Life
Quality of life measurements like the crime rate is decreasing, while we are increasing in the rankings for the health of our children.
We work hard to ensure residents have options, whether here or nearby. Just an hour’s drive from the Gulf of Mexico’s pristine beaches and Orlando’s many tourist attractions, Polk County residents can spend a day out and still return home in time to visit one of the county’s fine-dining restaurants, beer gardens or local bars. Closer to home, they may opt to take the kids for a fun outing at LEGOLAND Florida, some quiet time in the serene Bok Tower or to any number of the county’s parks, lakes and other outdoor attractions.
The county’s seven institutions of higher education – Florida Poly, Florida Southern College, Southeastern University, Warner College, Webber International University, Polk
State College and Keiser University – are preparing today’s students for the jobs of tomorrow – even ones we can’t envision. They are creative in their approach, designing training programs in virtually no time to teach new skills while providing programs to assist those who need help advancing in their careers or reaching career goals.
Uniquely positioned in the center of the nation’s third-largest state, the Central Florida Innovation District provides access to high-skill tech talent, vast infrastructure, a burgeoning high-skill workforce, a favorable business climate and sun. Lots of sun.
In an area that encompasses roughly 3,000 acres out of 2,000 square miles of Polk, the district will provide a variety of opportunities to diversify the economy. It will leverage major state investments and build upon the cutting-edge technology being developed at Florida Polytechnic University and tested at SunTrax, the Florida Department of Transportation’s new 475-acre testing facility along the Polk Parkway.
Students and professors at Florida Poly and other local higher ed institutions have the expertise to help companies conduct research, and understand new technologies. They can use the new SunTrax development to test and verify software and hardware components surrounding innovative technologies.
It pursues that work at nearby SunTrax, a three-phase experimental track being built by the Florida Turnpike Authority to develop and test new toll technology, driverless cars and developments in mass transit, among other things.
Polk County sits at the edge of greatness, a future filled with strong advanced manufacturing, high-tech medical firms, innovative research companies, autonomous vehicles and the Central Florida Innovation District.
The Central Florida Development Council is the economic development partnership with Polk County, Florida. Call us today to find your Florida Within Reach. 863-937-4430. Connect to new opportunities.