Florida is emerging as the new leader for economic growth, fueled by baby boomers and retirement communities. Naples is the new leader on a list of metro areas that are expected to see the most economic growth next year, according to a report by the U.S. Conference of Mayors, prepared by IHS Global Insight.
Naples is expected to see its economy grow 4.9 percent in 2016. Metros areas in Florida made up half of the top 19 economic performers.
For example, The Villages, a senior community, ranked third and has been the fastest growing city by population for two consecutive years.
Here is a list of the metro areas expected to see the most growth in 2016 :
Naples-Immokalee-Marco Island, FL : 4.9%
Sebring, FL : 4.8%
The Villages : 4.7%
Cape Coral-Fort Myers, FL : 4.5%
Austin-Round Rock, TX : 4.4%
Raleigh, NC : 4.3%
Ocala, FL : 4.2%
Fayetteville-Springdale-Rogers : 4.2%
Dallas-Fort Worth-Arlington, TX : 4.1%
San Jose-Sunnyvale-Santa Clara, CA : 4.1%
Laredo, TX : 4.1%
Orlando-Kissimmee-Sanford, FL : 4.1%
