Central Florida Leadership Survey Hispanic Summit 2007 May 29-June 3, 2007.
Regional Economic Impact Research: Hispanic Communities of Central Florida
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Transcript of Regional Economic Impact Research: Hispanic Communities of Central Florida
Regional Economic Impact Research:Hispanic Communities of Central Florida
Hank H. Fishkind, Ph.D., PresidentFishkind & Associates, Inc.11869 High Tech AvenueOrlando, Florida 32817
March 3, 2005
General Conclusions
Almost 20% of the Central Florida population is of Hispanic origin
The Hispanic population has increased by 11.8 percentage points since 1990
The purchasing power of the Hispanic population has reached $6.9 billion Expected to increase to $8.2 billion by
2007
General Conclusions (Continued)
$11.3 billion in Regional spending is supported by the Hispanic community
32 thousand jobs are supported by spending of the Hispanic communities of Central Florida
$1 billion in wages/salaries are paid as a result of the spending of the Hispanic Communities of Central Florida
Overview
Aggregate National Trends Local Trends Community Profiles
Population distributions Migration trends Income profile Population Forecast Economic Impacts
Aggregate Trends
National Population Distributions Among the Hispanic Community
58% Mexican 10% Puerto Rican 4% Cuban 28% of other Hispanic Origin
National Population Growth of Hispanic Community
58% Growth between 1990 and 2000 53% Growth of Mexican American
community 25% Growth of Puerto Rican American
community 19% Growth of Cuban American
community
State / Regional / Local Trends
State / Regional Trends in Hispanic Population Growth Statewide the Hispanic community has
increased 70.4%, 1990 to 2000
Regionally the Hispanic community has grown by 175%, 1990 to 2000
47 of the 67 Florida counties experienced growth above 100% Lake, Orange, Osceola and Seminole were
included
Local Trends in Hispanic Population Growth
Between 1990 and 2000 the Hispanic populations in: Lake County increased by 184% Orange County increased by 166% Osceola County increased by 296% Seminole County increased by 117%
Community Profiles
Lake County Orange County Osceola County Seminole County
Lake County Hispanic Populations
6.2% of the total population considers themselves of Hispanic origin
============================ Within the Hispanic community
44.6% are Mexican 27.7% are Puerto Rican 4.7% are Cuban 3.6% are South American 19.3% Other
Lake County Major Sources of Hispanic In-Migration 14.9% of the total in-migration originates form
the U.S. Northeast=============================== 14.7% Cuban migration form U.S. Northeast 39.7% of Mexican migration from foreign
countries 20.1% of Puerto Rican migration from U.S.
Northeast 30.9% of South American migration from U.S.
Northeast 20.52% of Other Hispanic migration from U.S.
Northeast
Lake County Hispanic Per Capita Income Profiles
Countywide per capita income$13,762
=========================
Cuban income $24,719 South American income $16,932 Puerto Rican income $15,011 Mexican income $11,099 Other Hispanic income $11,666
Lake County Hispanic Population Forecast
1990 2000 2004 2005 2006 2007
Cuban 366 638 738 756 770 783
Mexican 2,358 5,638 7,004 7,286 7,530 7,770
Puerto Rican 595 2,978 4,342 4,667 4,973 5,281
South American 498 559 572 569 563 556
Other 337 1,995 3,031 3,284 3,523 3,766
==== ==== ==== ==== ==== ====
Total 4,154 11,808 15,689 16,562 17,359 18,155
Annual Growth ----- 11.0% 7.4% 5.6% 4.8% 4.6%
Lake County Hispanic Populations’ Economic Impacts
$322 million in spending in 2004 $386 million in spending by 2007========================= The Mexican community made the
larges contribution with $159 million in 2004 Expected to increase to $183 million by
2007
Lake County Hispanic Populations’ Economic Impacts(Continued)
An additional $187 million in County spending is supported by the Hispanic community $45 million in additional wages/salaries
are paid 1,427 additional jobs are supported
Orange County Hispanic Populations
21.1% of the total population considers themselves of Hispanic origin
========================= Within the community
49% are Puerto Rican 11.3% are Mexican 7.8% are South American 6.5% are Cuban 25% Other
Orange County Major Sources of Hispanic In-Migration 23% of the total in-migration originates from the
U.S. Northeast=============================== 28.6% of Cuban migration from foreign countries 37% of Mexican migration from foreign countries 36.6% of Puerto Rican migration from Puerto Rico 54.1% of South American migration from foreign
countries 23.9% of Other Hispanic migration from U.S.
Northeast
Orange County Hispanic Per Capita Income Profiles
Countywide per capita income$13,177
========================= Cuban Income $21,919 South American Income $16,669 Puerto Rican Income $14,874 Mexican Income $13,684 Other Hispanic Income $11,705
Orange County Hispanic Population Forecast
1990 2000 2004 2005 2006 2007
Cuban 7,056 12,371 13,825 14,132 14,413 14,684
Mexican 7,439 19,755 24,155 25,193 26,193 27,186
Porto Rican 34,091 86,583 104,885 109,171 113,292 117,372
South American 10,164 15,436 16,665 16,897 17,096 17,280
Other 4,337 34,216 54,348 59,569 64,802 70,111
==== ==== ==== ==== ==== ====
Total 63,087 168,361 213,879 224,962 235,797 246,632
Growth 10.3% 6.2% 5.2% 4.8% 4.6%
Orange County Hispanic Populations’ Economic Impacts
$4,088 million in spending in 2004 $4,819 million in spending by 2007========================= The Puerto Rican Community is the
largest contributor with $2,064 million in 2004 Expected to increase to $2,422 million by
2007
Orange County Hispanic Populations’ Economic Impacts(Continued)
An additional $2,629 million in County spending is supported by the Hispanic community $631 million in additional wages/salaries
are paid 19,567 additional jobs are supported
Osceola County Hispanic Populations
32.5% of the total population considers themselves of Hispanic origin
============================ Within the community
58.2% are Puerto Rican 7.5% are South American 6.1% are Mexican 3.8% are Cuban 24.5% Other
Osceola County Major Sources of Hispanic In-Migration 26.2% of the total in-migration originates from
the U.S. Northeast=============================== 27.9% of Cuban migration from foreign countries 31.2% of Mexican migration from foreign
countries 45.3% of Puerto Rican migration from Puerto Rico 43.6% of South American migration from foreign
countries 29.7% of Other Hispanic migration from Puerto
Rico
Osceola County Hispanic Per Capita Income Profiles
Countywide per capita income$16,712
========================= Cuban Income $19,085 Puerto Rican Income $13,359 South American Income $13,243 Mexican Income $12,264 Other Hispanic Income $10,171
Osceola County Hispanic Population Forecast
1990 2000 2004 2005 2006 2007
Cuban 943 2,178 2,753 2,851 2,937 3,018
Mexican 1,161 3,400 4,498 4,705 4,892 5,075
Porto Rican 8,091 30,728 42,662 45,077 47,330 49,559
South American 1,689 4,254 5,469 5,685 5,877 6,061
Other 929 10,167 17,921 19,827 21,718 23,650
==== ==== ==== ==== ==== ====
Total 12,813 50,727 73,304 78,144 82,754 87,363
Growth 14.8% 9.6% 6.6% 5.9% 5.6%
Osceola County Hispanic Populations’ Economic Impacts
$1,390 million in spending in 2004 $1,690 million in spending by 2007========================= The Puerto Rican Community is the
largest contributor with $801 million in 2004 Expected to increase to $946 million by
2007
Osceola County Hispanic Populations’ Economic Impacts(Continued)
An additional $833 million in County spending is supported by the Hispanic community $199 million in additional wages/salaries
are paid 6,154 additional jobs are supported
Seminole County Hispanic Populations
12.3% of the total population considers themselves of Hispanic origin
============================ Within the community
30.5% are Puerto Rican 6.2% are South American 6.1% are Mexican 5.4% are Cuban 19.5% Other
Seminole County Major Sources of Hispanic In-Migration 23.6% of the total in-migration originates from
the U.S. Northeast==============================
= 19.2% of Cuban migration from foreign
countries 28.7% of Mexican migration from foreign
countries 25% of Puerto Rican migration from Puerto Rico 25.8% of Other Hispanic migration from Puerto
Rico
Seminole County Hispanic Per Capita Income Profiles
Countywide per capita income$18,588
========================= Cuban Income $23,138 South American Income $19,860 Mexican Income $18,689 Puerto Rican Income $18,202 Other Hispanic Income $14,552
Seminole County Hispanic Population Forecast
1990 2000 2004 2005 2006 2007
Cuban 2,091 3,610 3,948 4,024 4,098 4,171
Mexican 1,801 3,871 4,455 4,592 4,725 4,859
Porto Rican 9,521 19,609 22,348 22,987 23,612 24,234
South American 4,194 4,690 4,554 4,511 4,465 4,419
Other 1,151 8,951 14,280 15,600 16,913 18,228
==== ==== ==== ==== ==== ====
Total 18,758 40,731 49,585 51,714 53,813 55,912
Growth 9.6% 8.1% 4.3% 4.1% 3.9%
Seminole County Hispanic Populations’ Economic Impacts
$1,113 million in spending in 2004 $1,328 million in spending by 2007========================= The Puerto Rican Community is the
largest contributor with $527 million in 2004 Expected to increase to $610 million by
2007
Seminole County Hispanic Populations’ Economic Impacts(Continued)
An additional $726 million in County spending is supported by the Hispanic community $176 million in additional wages/salaries
are paid 5,462additional jobs are supported