Florida’s Economic Development: The Vision of Attaining One of the Ten Largest Global Economy by 2030
Introduction
Florida’s economy is on the right track and it is ranked sixteenth economy in the world equal to Spain. At the present time, the economic potential of this country implied in the gross domestic product or the nominal gross domestic income is $1. A helping hand for the Floridians President Biden’s recently released budget proposal for fiscal year 2022 envisions the state’s gross domestic product hitting $6 trillion in 2023 and grows it to about $2. US $ 24 trillion and which will make the country rank among the 10 largest economies of the world.
In this episode of This Week in Jacksonville: Business Edition, President, Florida Chamber of Commerce Mark Wilson speaks about the Florida’s economic development and its planned objectives.
In Wilson’s words, ‘Just a few years ago, few could have imagined Florida as what it is today with its booming population, expansive economy, and rich talent pool, ‘it wasn’t too long ago that Florida was known for tourism, agriculture and construction. ’ Something that is even more close to us is that not that long ago, our education system wasn’t that good.
Achievement in K-12 System
Forwarding to 2024, it is seen that Florida has shown a significant advancement in the several sectors. Wilson described that “today, Florida is one of the most attractive places to get health care and modeling and simulation; Florida is worldwide number one for aerospace, number one for college and university for eight years in a row and number ten for K-12 system. ”
Wilson also presented achievements of the Workforce Florida Board of Directors and information arising from the Florida Workforce Needs Study 2. 0 report. The Florida Chamber is focused on critical questions: “Now where do we go? Is there another step possible? That is how do we not only generate fantastic employment but also alert people to these opportunities and equip them adequately?
This rapid development all across the Florida State and more so in the Northeast Florida region has called for a large employment booster. Wilson insisted that the population in Duval County is expected to increase by about 200,000 people by 2030, which means that new jobs in the amount of 80, 000 have to be developed.
Conclusion
Even as Florida develops further and establishes new niches for commerce, there is a necessity to match the state’s development with employment training needs in order to prepare its residents for newly emerging job opportunities.