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State economists seeing some blue skies

by John Kennedy | February 28th, 2011

Florida economists have released new data showing individual income rebounded slightly last year after enduring a rare, recession-driven drop of almost 2.5 percent in 2009.

Per-capita income hit $38,929 in 2010 — up .55 percent from a year earlier, when the $38,715 earned by the average Floridian represented the first income decline in at least 20 years.

 The state’s Economic and Demographic Research Office, in a new report also forecast that individual income levels will top $40,000 this year for the first time — a 3.8 percent rise that would be the sharpest spike in four years.

The bullish EDR economists also apparently sees nothing but blue skies in the decade ahead, with annual income gains ranging from 2.7 percent to 4.7 percent through 2020. 

Republican Gov. Rick Scott won election over Democrat Alex Sink last fall by running on a campaign theme of creating jobs. And as the state’s chief executive, Scott has proposed overhauling state agencies and cutting regulations to make Florida more business friendly.

Meanwhile, state analysts also have unveiled findings from a new survey of economic incentives offered by cities and counties to businesses looking to re-locate or expand. The average giveaway by the 37 counties that responded to the state survey: $279,611 per-business, in tax incentives, fee-reductions, below-market leases, grants or loans.

Palm Beach County reported $2.1 billion in incentives — well below the $32 billion claimed by state-leading Orange County — but generally in line with other South Florida counties.  Miami-Dade County reported $3.2 billion in business incentives, and Broward County just under $1 billion in business handouts.

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8 Responses to “State economists seeing some blue skies”

  1. JJ Says:

    YOU GUYS ARE ALL JACK WAGONS!!! This article is BS and is baseless…

  2. Skeptical Says:

    I guess they just ignore all the zeros from the unemployed?

  3. LicenseToSteal Says:

    This is the last breath before the patient dies.

  4. rjr Says:

    If you buy this baloney sandwich I have some swamp land I’ll sell you.

  5. Native Says:

    What a load of crap! Leave it to the USLESS PALM BEACH POST!

  6. Baseless? Says:

    I don’t understand the misplaced criticism? The usual geniuses commenting on the PBPost boards come out of the woodwork to criticize the Post for… what? Posting the findings of an article written by the Economic Research Office?

    If you want to take issue with the methodology or findings of the study, go for it. Attack and present your own contrary numbers and analysis. However, I doubt any of the previous commentors even bothered. How can you claim something is “baseless” when the article and link HAS A BASE for its conclusions? Perhaps if any of the esteemed posters above are unemployed, lack of critical thinking skills is to blame.

    Sometimes, news isn’t bad. Sometimes, YOUR reality does not match EVERYONE ELSE’S reality. Did you guys ever stop to think about that?

  7. B.O. STINKS Says:

    THIS IS A BOLD-FACED LIE TO MAKE THE MARXIST-IN-CHIEF LOOK LIKE HE’S WINNING THE WAR ON THE ECONOMY. THE EDR IS WELL KNOWN, WELL PUBLICIZED LIBERAL ORGANIZATION FUNDED 100% BY THE COMMIE GEORGE SOROS. EVERY SINGLE MEMBER OF THE EDR MUST PLEDGE TO MANIPULATE DATA IN ORDER TO MAKE BARRY HUSSEIN AND HIS REGIME COME OUT SMELLING LIKE ROSES. DON’T BELIEVE IT! OBAMA LIED, OUR ECONOMY DIED! 2012 CAN’T COME FAST ENOUGH!

  8. Wally Says:

    Hey JJ…….

    Try to stay on tpoic will you please! Nothing gets my goat like someone like you, who spouts their venom when it has nothing to do with the story.

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