News Archive

CareerSource Central Florida Summer Youth Program

CareerSource Central Florida has a summer youth program where high school students aged 15-19 can explore potential career options. Students can earn up to $1,200+ while gaining experience in a career field they choose. Students can engage with the business community by exploring different workplaces, exploring college life, or gaining experience with a five-week paid internship, with the potential of working beyond five weeks.

Florida First Capital Finance Corporation and FloridaMakes Partner to Increase Small Manufacturer Growth

The partnership will increase awareness of capital access options and assist small manufacturers in securing the financial and technical resources to achieve their business growth goals

FFC is a nonprofit certified development company, created by the State of Florida to promote economic development and job creation by small businesses. FFC provides SBA 504 financing and other state and federal loan programs to eligible small businesses for the purchase of owner-occupied commercial property, heavy machinery/equipment, and more.

Florida Led the Nation in Population Growth Last Year

The sunshine state had the fastest-growing population in the country last year. It’s the first time the state has taken the top spot since 1957, according to U.S. Census Bureau estimates. Florida is the nation’s third-largest state and grew by 1.9% from July 2021 to July 2022, netting over 400,000 new residents to reach an estimated population of 22,244,823. Florida also had the nation’s fourth-fastest-growing economy between July 2021 to July 2022, growing at an annual rate of 3.5%, according to federal data.

Robotics and Artificial Intelligence Focused Supply Chain

Supply chain issues that surfaced during the pandemic remain a crucial challenge for manufacturers. A common way manufacturers deal with shutdowns and labor shortages is to re-shore or nearshore their new manufacturing facilities closer to home. Using robotics and artificial intelligence (AI), companies are keeping labor costs down, making reshoring or nearshoring more feasible. AI is becoming more cost-effective as technology advances. The data captured through AI allows companies to anticipate future problems before they happen and start to fix them before they turn into major issues.

Unmatched Growth

Few states have been able to match Florida’s growth since 2020. The state has become known for competitive costs, top-ranked workforce, and proximity to domestic and global markets. On a percentage basis, Sumter County is the fastest-growing county in Florida. Sumter County has significant assets fueling that growth, such as CSX’s mainline rail, two major airports within about an hour’s drive, and multiple seaports in which a round trip for truckers can be made in a single workday. For more information or to contact Sumter County Economic Development, click here.

New Letter Grade System Announced for Florida’s Workforce Development Boards

The New grading system for CareerSource Florida’s regional workforce boards is intended to further the transparency and accountability goals of Florida’s Reimagining Education and Career Help Act (REACH). CareerSource Central Florida, which covers Sumter County and several other Central Florida counties, received an ‘A’ rating. Across Florida, there were 13 A’s, 10 B’s, and 1 C. Stephanie Smith, Chair of the CareerSource Florida Board, said the goal of REACH is to “ensure a seamless, integrated experience and access for all Floridians to programs, opportunities, and training that lead to economic prosperity and self-sufficiency.” CareerSource Central Florida has assistance available at no-cost to employers and job seekers, to see what is available, click here.

October is Manufacturing Month in Sumter County

The Sumter County Board of County Commissioners has proclaimed October as Manufacturing Month. Manufacturing is one of Sumter County’s targeted industries for economic development. Sumter County is home to approximately 300 manufacturing firms, according to the Florida Small Business Center at UCF-Sumter County. These businesses support 1,339 jobs with an average earning of $76,032, up $7,000 from last year, according to EMSI Analytics. If you would like to learn about the benefits of doing business in Sumter County, please click here for more information.

Enterprise Florida Export Assistance

Enterprise Florida Incorporated (EFI) is the state-level economic development entity for the State of Florida. EFI is a public-private partnership chaired by Florida’s Governor. EFI has 20 international offices, that aim to connect companies abroad with Florida’s producers. EFI will connect you with a professional network that speaks the local languages, knows the local demographics, and has valuable market data. This service is available at no cost to your business and can assist with developing export opportunities.