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Tampa Bay Region Citrus • Hernando • Hillsborough • Manatee Pasco • Pinellas • Polk • Sarasota

ECONOMIC REGIONAL PROFILE Tampa Bay Region Citrus • Hernando • Hillsborough • Pasco • • Polk • Sarasota

1 2 Economic Regional Profile TAMPA BAY REGION

Florida’s economic welfare and its ability to remain competitive in the globalized marketplace depend on the efficient transport of people and goods. To support the state’s future economic growth, continued and substantial investments in SIS facilities that support trade and tourism are vital.

With that goal in mind, this profile provides an overview of ’s eight (8) statutorily designated economic regions. Each individual regional profile provides an in-depth assessment of components that play an instrumental role in that particular region’s economic framework. The boundaries of the economic regions for that state differ from that of the seven (7) FDOT districts. The counties that comprise each economic region, however, share similar characteristics as it relates to population, race/ethnicity, employment, business/industry, and other demographics.

COUNTIES Citrus Hernando Hillsborough Manatee Pasco Pinellas Polk Sarasota

3 Table Of Contents

Geography...... 5 Largest Cities by Population, Land Area, Population Density, Population Projections

Demographics...... 6 Total Population, Median Age, Racial/Ethnicity Distributions

Employment...... 6 Average Travel Time to Work, Total Persons by Percentage, Labor Force, Unemployment Rate

Income...... 7 Median Household Income, Per Capita Income, Percent Below Poverty Level, Average Annual Wages

Business & Industry...... 8 Major Industries

Tourism & Travel...... 9 Tourism Employment, Tourism Income, Tourism Sales, Direct Visitor Spending, Tourism Generated Tax Revenues

Exports & Imports...... 10 SIS Airports, SIS Seaports

Sources & Methodology...... 11

11 10.5 10 9.5 9 8.5 8 7.5 7 6.5 6 5.5 5 4.5 4 3.5 3 2.5 2 1.5 1 0

St. Petersburg

4 GEOGRAPHY

Largest Cities* (From highest to lowest population)

1. Tampa 6. North Port 2. St. Petersburg 7. Sarasota

3. Clearwater 8. Bradenton 4 3 10 1 4. Lakeland 9. Pinellas Park 5 9 5. Largo 10. Plant City 2

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Population Density** = 100 6 PEOPLE (2016)

DEVELOPED AREA

1,149.36  PERSONS PER SQ. MI. Land Area

TOTAL AREA

Developed Undevelopable  Land Area Land Area Land Area = 6,192.3 4,757.6 + 1,434.7 sq. miles 942.83 sq. miles sq. miles PERSONS PER SQ. MI.

Total Population Projection

11 ** 10.5 Total Population 10 of the Tampa Bay Region 9.5 9 8.5 8 7.4 4,457,280 7.5 6.5 7 6.1 6.5 5.7 6 5.5 5.2 5.5 4.9 4.9 ** (Millions) 4.7 5 Total Population 4.5 of the State of Florida 4 3.5 3 2.5 19,934,451 2 1.5 1 0 Percentage 2025 2035 2045 of State Population Low Medium High 22.4%

5  Median Age* 43.8 Median Age DEMOGRAPHICS in the Tampa Bay Region in the State of Florida41.9

White Only 80.8% Black or African American 11.2% Asian 2.7% Race Two or More Races 2.5% Other Race 2.4% American Indian and Alaska Native 0.3% Native Hawaiian and Bradenton Other Pacific Islander0.1%

* Not Hispanic or Latino 83% Ethnicity Hispanic or Latino 17%

Plant City

Average Travel Time to Work** EMPLOYMENT in the Tampa Bay Region 26 MINUTES

Labor Force*(Participation Rate by Age Group) Average Travel 16 to 19 years Time to Work** 26 in the State of Florida MINUTES 20 to 24 years

25 to 29 years

30 to 34 years Unemployment** Unemployment** 35 to 44 years in the Tampa Bay Region in the State of Florida 45 to 54 years

55 to 59 years

60 to 64 years

65 to 74 years 4.9% 4.9%

75 years+

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Total Persons** 17% 17% 18% 27% 21% (By Percentage) • Under 5 – 14 Years • 15 – 29 Years • 30 – 44 Years • 45 – 64 Years • 65 – 85 Years+

6 INCOME

Household

Median Household Income Percent Below Poverty Level

Tampa Bay Region* State of Florida* Tampa Bay Region** $48,300

State of Florida** 15.7% 14.7% $48,900

Number of Households** 1,757,815 Household Size** 2.5

Personal

Per Capita Income Average Annual Wages

Tampa Bay Region State of Florida Tampa Bay Region** (2016 Dollars) (2016 Dollars) $28,300

$44,100 State of Florida** $47,000 $27,600

Sarasota Lakeland

7 BUSINESS & INDUSTRY

Major Industries

Natural Resource & Mining 1.1%

Construction 5.9%

Manufacturing 5.5%

Trade, Transportation 20.0% and Utilities

Information 1.8%

Financial Activities 7.3%

Professional & 15.6% Business Services

Education & 16.1% Health Services

Leisure and 12.4% Hospitality

Other Services 2.9%

Government 11.4%

0% 10% 20% 30%

North Port Largo

8 TOURISM & TRAVEL

Tourism Related Tourism Related Tourism Related Employment Income Sales

400 20 20 300 19 19 101,766 200 18 18 100 17 17 90 16 16 80 15 15 70 14 14 60 13 13 50 11,840 31,783 30,334 40 12 12 30 11 11 3,057 20 (Millions) 10 (Millions) 10 10 9 9 9 8 8 8 7 7 7 6 6 6 1,212 1,362 4,198 5 5 5 3,824 4 4 4 3 3 3 2 2 2 1 1 1 0 0 0 Direct Indirect Induced Direct Indirect Induced Direct Indirect Induced

Direct Visitor Spending

14,000 $11,349 $11,840 Lodging 12,000 $10,614 27.2% $9,292 $9,822 10,000 Transportation 24%

8,000 Food and Beverage 19.9% Direct  6,000 Spending Retail 13.4% 4,000 Recreation 12.3% 2,000 Other 3.2% 0 2011 2012 2013 2014 2015

Tourism Generated Tax Revenues

30% 2,250

2,000

1,750 1,426 1,500

1,250

1,000 St. Petersburg (Millions) 687 750 563

500 Direct – Generated directly from tourists. – Additional transactions between businesses that are directly affected by tourism. 250 Indirect Induced – A combination of the direct/indirect effects of tourism and the overall 0 Direct Indirect Induced increase in income, employment, etc. 9 EXPORT & IMPORT

SIS Airports • Tampa International Airport Tampa International Airport

Twenty-Foot Tonnage** Equivalent Units (TEUs)** 30,000,000 27,823,375 by County 28,000,000 SIS Seaports 26,000,000 Hillsborough 24,000,000 49,716 • 22,000,000 Manatee 26,210 • Port Manatee 20,000,000 18,000,000 16,000,000 (Tons) 14,000,000 12,000,000 10,000,000 6,204,006 6,707,711 8,000,000

6,000,000 3,498,072 4,000,000 181,046 0 2,000,000 0 Hillsborough Manatee

Import Export Domestic Port of Tampa Bay

10 Sources

* US Census Bureau, 2012-2016 American Community Survey 5-Year Estimates

** US Census Bureau Quick Facts

 US Census Bureau, 2017 TIGER Line Files

 Florida Natural Areas Inventory

 UF Bureau of Economic and Business Research (BEBR)

 FL Department of Economic Opportunity - Quarterly Census of Employment and Wages

 FL Economic Demographic Research All County Profiles 2016

 Visit Florida

Methodology The average/median figures presented in the “Demographics”, Employment”, and “Income” sections of this document were weighted based on the corresponding percentage of the subject counties comprising this region. A weighted average provided a more accurate calculation of regional data, depicting each county’s relative impact on the region as a whole.

11 State Of Florida Department Of Transportation Systems Implementation Office 605 Suwannee Street, MS 19 • Tallahassee, FL 32399 www.dot.state.fl.us

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