Delray Beach Economy At A Glance

By Jony Mozen


South Florida is one of those places people think of when they consider retirement areas. Not all of the cities in this area are populated with retirees escaping the harsh weather of the northern states. A look at the Delray Beach economy statistics and demographics will give a perfect example of one city that invites a much younger group to constitute the average population.

By reading the last US census you will see that unemployment in this area is points below the national average. Another aspect that does not show in the census is that job growth potential is expected to rise over forty percent over the next five years. In a two income household the average income falls into the range of between fifty and sixty five thousand dollars a year and workers can expect to have full time work in this city.

There is a long term plan for renovation in place for this city. In part of this effort the down town area is being treated to special attention using what they call the master plan. This plan is being led by the city commission and the community redevelopment group. These two organizations have focused all of their energy on the Urban core of this city. This has encouraged vigorous growth in both the public and private sectors. This growth activity has caused a surge in business and employment opportunities for the citizens.

the city leaders have pushed millions of dollars into this area in an effort to produce controlled growth and redevelopment. This slow progress has the effect of continual growth for the economy of this town. With this growth comes new jobs and opportunities for new businesses to thrive.

The largest employer is the medical center but there are over ten other large businesses who employ over two hundred fifty people each. Many of these places of business may be considered retail or service oriented because they cater to the public. Target is one example and others include hotels and lodges in the area.

Businesses with fewer than thirty employees make up the majority of other places of employment. This would include restaurants, boutiques, physical fitness gyms and any other retail and service oriented businesses normally found in cities of this size. The largest number of these smaller businesses can be found on Atlantic Street which runs through the center of town.

There are also multiple hotels and rentals located on the beach front. From these vacation spots people are free to enjoy all the activities offered by ocean front vendors. The city has a four mile stretch of beautiful sandy beaches that reach along the entire eastern border of town. The businesses that attend the beach crowd are open late into the night in stark contrast to the surrounding cities. This area also borders a National Wildlife Refuge that is part of the Everglades.

With slightly over sixty thousand residents in town this area is set to prosper and can offer great opportunities for new business owners and those looking for permanent full time employment alike.




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