Florida’s rural counties are poised for significant economic growth, as they have outpaced non-rural areas in GDP expansion over the past five years. These 31 counties currently contribute 2.92% to Florida’s $1.6 trillion economy. With appropriate policies and investments, there is potential to double this share to 5.56% by 2030, aligning with goals set in the Florida 2030 Blueprint.
Dr. Keith Richard, Vice President of Research for the Florida Chamber Foundation, emphasized in an op-ed that “the challenge remains: rural businesses need better access to markets, workers need better access to jobs, and families need better access to opportunity.” He pointed out that achieving this requires investment in transportation networks, manufacturing, and digital connectivity.
Since 2018, rural counties have experienced a GDP growth of 56.6%, surpassing the non-rural rate of 49.1%. Counties such as Liberty, Okeechobee, and Walton have seen notable economic expansion. To maintain this momentum, targeted investments are needed in several key areas:
– Infrastructure Development: Expanding transportation networks is crucial for connecting businesses and markets.
– Broadband Expansion: Universal high-speed internet access will support business growth and education.
– Manufacturing Growth: Utilizing affordable land for manufacturing facilities along with workforce training can drive growth.
– AgTech: Combining agriculture with technology through R&D can leverage rural assets effectively.
– Workforce Development: Enhancing entrepreneurship programs and Career & Technical Education initiatives will create a skilled workforce.
The Florida Chamber Foundation remains committed to fostering rural economic development through research and advocacy. Dr. Richard invites interested parties to explore these strategies further by reading his op-ed or attending the upcoming Florida Transportation, Growth, and Infrastructure Solution Summit on December 3rd in Orlando.
