Forbes Magazine has ranked Naples as the top U.S. city for future job growth!
In a report that was released July 29, Forbes stated, “Florida is home to six of the top 10 metro areas when it comes to the highest forecasted employment growth. Leading the way is retirement hot spot Naples with projected annual gains of 4.6% through 2017.”
The report cited a quote from Mood Analytics economist, Kwame Donaldson, who focuses on the Florida market. He said, “Areas like Naples are adding jobs at a faster rate because of the population growth among baby boomers.”
Retirees fuel jobs in industries that service the local economy such as construction, retail and healthcare. Donaldson states, “These retirees are like permanent tourists. You get all of the benefits of migration without many of the costs like competition for wages or strains on the justice and education systems.”
Migration into Naples is the third highest rate in the U.S. over the past five years. Even with the population gains, unemployment has peaked from a 12.2% in 2010 to a recent 5%. Another Naples perk : We have the third lowest crime rate in the U.S.
