Naples, located in Collier County, is one of the most beautiful cities on Florida's Gulf Coast. Tourism is the largest and most important element of the Naples Florida Economy that supports booming real estate and retail growth, and is attracting all kinds of businesses. Not to mention that the Naples metro area is a retiree paradise. Their large nest eggs and heavy spending add more fuel to the economic growth and speed up job creation.
The 10 miles of pristine white sand beach and other attractions and landmarks attract a huge number of visitors each year. Then there are the visitors who come here because it's so close to the Everglades. All this makes the city one of the top tourist destinations in the Sunshine State. That's no small achievement, given the intense competition from cities like Orlando and Miami that suck up all the global visitors and family vacationers.
The thing that makes this city stand apart is the beautiful beach that has been declared as America's best beach by the Travel Channel. Visitors actually can choose from among the six pristine beaches in the area. Top that off with about 80 championship golf courses which keep a lot of the residents and retirees content and happy to live here.
Of course, it's not always been such a feel-good story. This city, the same as every Gulf Coast community in Florida, has faced significant challenges in the past. The real estate crash sent property prices plummeting and millions of homes were foreclosed. The tourism business was completely destroyed when the BP oil spill hit the beaches and tourists stayed away for a couple of years.
At the peak of the crisis in Jan 2010, the unemployment rate in the city was at a historic high of 12.2%. It took some time to stop the slide and start the recovery process, but the economy has been growing at a fast clip since 2012. The tourists are back in more numbers than before, and wealthy retirees are once again buying up all the property available. Their lavish consumer spending is helping the retail sector make big gains.
As things stand now, Naples has the highest job growth rate among the country's 200 largest metro areas. The unemployment rate has dropped down to 5.4 percent, and the median household income is pegged at $56,759. The projected annual job growth rate through 2016 is an astounding 4.1 percent - the highest in the nation.
Needless to say, such growth doesn't happen by itself. The year-round sunshine, Naples Bay and the white sand beaches are no doubt invaluable assets, as are the Everglades. But it takes a whole lot more than natural beauty and tourists to convince businesses to make investments and create a large number of jobs.
The area is able to secure new investments because of the business-friendly climate and tax policies. The Greater Naples Chamber and city and county officials all work together with the State of Florida to provide any kind of assistance that a new or existing business may need to grow and create jobs. Hiring and retaining skilled talent is easy because of the work-life balance and high quality of life. People want to find jobs here as a long-term career option so that they can relocate and enjoy the good life.
The 10 miles of pristine white sand beach and other attractions and landmarks attract a huge number of visitors each year. Then there are the visitors who come here because it's so close to the Everglades. All this makes the city one of the top tourist destinations in the Sunshine State. That's no small achievement, given the intense competition from cities like Orlando and Miami that suck up all the global visitors and family vacationers.
The thing that makes this city stand apart is the beautiful beach that has been declared as America's best beach by the Travel Channel. Visitors actually can choose from among the six pristine beaches in the area. Top that off with about 80 championship golf courses which keep a lot of the residents and retirees content and happy to live here.
Of course, it's not always been such a feel-good story. This city, the same as every Gulf Coast community in Florida, has faced significant challenges in the past. The real estate crash sent property prices plummeting and millions of homes were foreclosed. The tourism business was completely destroyed when the BP oil spill hit the beaches and tourists stayed away for a couple of years.
At the peak of the crisis in Jan 2010, the unemployment rate in the city was at a historic high of 12.2%. It took some time to stop the slide and start the recovery process, but the economy has been growing at a fast clip since 2012. The tourists are back in more numbers than before, and wealthy retirees are once again buying up all the property available. Their lavish consumer spending is helping the retail sector make big gains.
As things stand now, Naples has the highest job growth rate among the country's 200 largest metro areas. The unemployment rate has dropped down to 5.4 percent, and the median household income is pegged at $56,759. The projected annual job growth rate through 2016 is an astounding 4.1 percent - the highest in the nation.
Needless to say, such growth doesn't happen by itself. The year-round sunshine, Naples Bay and the white sand beaches are no doubt invaluable assets, as are the Everglades. But it takes a whole lot more than natural beauty and tourists to convince businesses to make investments and create a large number of jobs.
The area is able to secure new investments because of the business-friendly climate and tax policies. The Greater Naples Chamber and city and county officials all work together with the State of Florida to provide any kind of assistance that a new or existing business may need to grow and create jobs. Hiring and retaining skilled talent is easy because of the work-life balance and high quality of life. People want to find jobs here as a long-term career option so that they can relocate and enjoy the good life.
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Marbella Isles in Naples Florida is a wonderful community to live in. It offers some of the best Naples Florida Real estate for Sale.
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