ECONOMIC REGIONAL PROFILE Southeast Region Broward • Indian River • Martin • -Dade • Monroe • Palm Beach • St. Lucie

1 2 Economic Regional Profile SOUTHEAST 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 ¨¦§95 eight (8) statutorily designated ¤£17 economic regions. Each individual regional profile provides an in- Port of Fort Pierce depth assessment of components that play an instrumental role in that particular region’s economic framework. The boundaries of the

¨¦§75 ¨¦§95 economic regions for that state differ from that of the seven (7) FDOT districts. The counties that comprise

Port of Palm BeachBeach each economic region, however, ¤£27 Palm Beach share similar characteristics as it International Airport relates to population, race/ethnicity,

¨¦§95 employment, business/industry, ¤£27 and other demographics.

¨¦§75

Fort Lauderdale FEC ¨¦§75 Intermodal Terminal §595 ¨¦ Fort Lauderdale/Hollywood COUNTIES International Airport Miami Hialeah FEC Intermodal Terminal Broward PortMiami Miami International Indian River AirportAirport Martin

¤£1 Miami-Dade Monroe Palm Beach SIS Freight Rail Terminals St. Lucie SIS Seaports

SIS Airports

SIS Highways

020 10 2004400 SIS Rail Lines Port of Key WWeestst Miles

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

Miami

4 GEOGRAPHY

3 Largest Cities* (From highest to lowest population)

1. Miami 6. Hollywood 2. Hialeah 7. Miramar

3. Port St. Lucie 8. Coral Springs 8 10 4 4. Fort Lauderdale 9. Miami Gardens 5 6 5. Pembroke Pines 10. Pompano Beach 7 9 2 1

Population Density** = 200 PEOPLE (2016)

DEVELOPED AREA

2,066.31 Land Area PERSONS PER SQ. MI.

Developed Undevelopable  Land Area TOTAL AREA Land Area Land Area = 7,670.8 4,143.6 + 3,527.3 sq. miles 689.23 sq. miles sq. miles PERSONS PER SQ. MI.

Total Population Projection

11 10.3 ** 10.5 Total Population 10 9.1 of the Southeast Region 9.5 8.6 9 8.0 8.5 7.9 8 7.4 7.0 7.1 6,596,175 7.5 6.8 7 6.5 6 5.5 ** (Millions) 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 33.1%

5  Median Age* 41.4 Median Age DEMOGRAPHICS in the Southeast Region in the State of Florida41.9

White Only 72% Black or African American 20.5% Other Race 2.8% Race Asian 2.3% Two or More Races 2.1% American Indian and Alaska Native 0.2% Native Hawaiian and Pembroke Pines Other Pacific Islander0.1%

* Not Hispanic or Latino 60% Ethnicity Hispanic or Latino 40%

Hollywood

Average Travel Time to Work** EMPLOYMENT in the Southeast Region 28 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 Southeast Region in the State of Florida 45 to 54 years

55 to 59 years

60 to 64 years

65 to 74 years 8.6% 4.9%

75 years+

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

Total Persons** 17% 18% 20% 27% 18% (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

Southeast Region* State of Florida* Southeast Region** $49,800

State of Florida** 16% 14.7% $48,900

Number of Households** 2,324,315 Household Size** 2.8

Personal

Per Capita Income Average Annual Wages

Southeast Region State of Florida Southeast Region** (2016 Dollars) (2016 Dollars) $28,800

$49,900 State of Florida** $47,000 $27,600

Hialeah St. Lucie River

7 BUSINESS & INDUSTRY

Major Industries

Natural Resource & Mining 0.8%

Construction 5.0%

Manufacturing 3.5%

Trade, Transportation 22.7% and Utilities

Information 1.8%

Financial Activities 6.5%

Professional & 15.4% Business Services

Education & 15.1% Health Services

Leisure and 13.3% Hospitality

Other Services 3.9%

Government 12%

0% 10% 20% 30%

Fort Lauderdale Coral Springs

8 TOURISM & TRAVEL

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

400 281,161 20 50 37,409 300 19 40 200 18 30 100 20 17 90 19 16 80 18 15 70 17 14 60 16 50 13 15 13,355 40 12 14 12,870 30 11 13 9,427 (Millions) (Millions) 12 20 95,842 10 11 10 89,302 9 10 9 8 9 8 7 8 7 6 7 6 4,232 4,174 5 6 5 5 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

40,000 $36,261 $37,409 $34,173 Lodging 35,000 27.2% $30,072 $31,682 30,000 Transportation 24%

25,000 Food and Beverage 19.9% Direct  20,000 Spending Retail 13.4% 15,000 Recreation 12.3% 10,000 Other 3.2% 0 2011 2012 2013 2014 2015

Tourism Generated Tax Revenues

30% 5,000 4,553

4,500

3,500

3,000

2,500 1,700 2,000 Miami Gardens

(Millions) 1,456 1,500

1,000 Direct – Generated directly from tourists. – Additional transactions between businesses that are directly affected by tourism. 500 Indirect Induced – A combination of the direct/indirect effects of tourism and the overall 0 increase in income, employment, etc. 9 EXPORT & IMPORT

Airport Exports** Airport Imports** by County by County

Broward Broward SIS Airports $320,900,048 $2,690,029,119 • Ft. Lauderdale International Miami-Dade Miami-Dade • Miami International • Palm Beach International $32,686,761,218 $26,141,861,225

Seaport Exports** Seaport Imports** by County by County

SIS Seaports Broward Broward • Port Everglades $11,694,736,703 $10,423,623,505 • Port Miami • Miami-Dade Miami-Dade • Port of Fort Pierce $9,498,267,991 $14,403,713,590 Twenty-Foot Equivalent Palm Beach Palm Beach Units (TEUs)** by County $1,809,171,877 $494,690,371 Broward 1,037,226 St. Lucie St. Lucie Miami-Dade 1,028,156 Palm Beach 267,280 $7,968,854 $2,766,939

Tonnage** by County

15 13,071,751 14 13 12 11 10 8,375,823 9 8 7

(Tons) 6 4,749,255 4,028,719 5 3,233,757 4 3 1,195,403 2 540,162 783,690 0 30,800 0 25,800 1 0 Broward Miami-Dade Palm Beach St. Lucie

Import Export Domestic 10 Sources Airport Imports** by County * 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)

**  Seaport Imports by County 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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