Florida has overtaken New York as third most populous state

Posted by on Dec 24, 2014 in Blog - Commercial Investment Properties | 0 comments

Florida has overtaken New York as third most populous state

According to an article published by the Tampa Bay Times about a recent census count, Florida added an average of 803 new residents each day between July 1, 2013 and July 1, 2014, Florida grew a total of 293,000 over the period, reaching 19.9 million. However, the census is done every 10 years so Florida will have to wait until the 2020 Census for its higher population to translate into more congressional seats

The story of Florida’s emergence as a national magnet — nurtured by an appealing climate, affordable housing, wide open spaces, 1,200 miles of coast line on the Atlantic Ocean and Gulf of Mexico, low taxes and indispensable air conditioning — has been nothing short of phenomenal.

The James Madison Institute, a conservative think tank in Tallahassee, maintains Florida’s success stems from more than just warm weather. Florida’s pro-business and low-tax environment, the institute maintains, has led to the migration of more than $96 billion in income and wealth to Florida from “high-tax and high-regulation states” like New York, New Jersey, and Illinois, the institute said in reaction to the population news.

Jobs are being created and young people are coming ,The continued population growth of Florida will have meaning for investors in commercial real estate.


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