Rarely does a government entity decide to become smaller so that it can become more effective. But that is exactly what Innovation Park did. Innovation Park is the areas university-based research park that is overseen by the Leon County Research and Development Authority (the Authority).Among the partnerships highly valued by the Authority are those with […]
The City of Tallahassee Airport finished 2013 with higher passenger traffic numbers than 2012. In 2012, 684,611 passengers were serviced at the Tallahassee Regional Airport. That number increased to 697,114 in 2013 for a 1.8% increase. However, as the chart shows, the growth from 2012 slowed dramatically from the previous growth from 2011 to 2012. […]
The employment momentum generated over the last six months in Leon County slowed significantly in December, 2013. The latest report shows that the number of people employed in Leon County fell by 2,286 workers from 142,906 in November to 140,620 in December. From June to November of 2013, Leon County added 6,058 workers to local […]
This section of Tallahassee Reports, Industry Profile, will take a look how a specific industry has fared before, during, and after the Great Recession. Which industries have recovered or on their way to recovering? Which industries are still lagging behind? And how does all this effect our local economy. The first installment will look at […]
Employment data for November, 2013 shows that Leon County added 157 jobs. This increase means that Leon County has added jobs for six straight months. This has not happened since 2007. The unemployment rate came in at 5.3%. Since June of this year, 5,936 people in Leon County have found work, bringing the total number […]
Data from the Florida Department of Revenue indicates consumer spending in Leon County continues to rebound from the recession low of $6.3 billion experienced in 2009. In 2007, before the recession officially began, consumer spending on goods and services in Leon County was $7.2 billion. During the recession, sales of goods and services decreased by […]
One of the many ways to evaluate the recovery of any recession is to look at the length of time it takes to reach pre-recession employment levels. In the chart to the right, the Pew Research Center, using data from the US Bureau of Labor statistics, shows a number of statistics about job recovery trends […]
Many economists argue that the Great Recession was made great by the widespread failure of mortgage products that were used to fuel the run up of home prices that ended in late 2006. Two scholars at New York University, Ingrid Ellen and Samuel Dastrup, write that the “Great Recession, like previous recessions, has obviously brought […]
The unemployment rate is one of the most watched economic statistics. And with the slow creation of jobs during this longer than normal recovery from the Great Recession, it has become even more visible. The media and political pundits wait each month for the unemployment rate to be revealed and begin writing about the implications […]