Engage in SW Florida

SOUTHWEST FLORIDA engage in

Southwest Florida SNAPSHOT

The Southwest Florida submarket includes Manatee, Sarasota, Charlotte, Lee and Collier counties.

Population: 2,060,907

Population Growth (2000-2010): 26.7%

Projected Population Growth (2023): 2,276,896 / 10.5%

MANATEE

SARASOTA

Average Age: 51.2 years

CHARLOTTE

Average Income: $80,241

LEE

COLLIER

Employed: 976,814

Job Growth (2018-2019): +14,520

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Southwest Florida CULTURE

Labor Pool & Talent • Brandenton Area Ranked #1 for Young Entrepreneurs MoneyRates.com • Sarasota ranked #3 Best Place People Are Moving to in 2019 U.S. News & World Report • Lee County ranked 5th Best Area for Young Entrepreneurs MoneyRates.com

Business Environment • Pro-Business local and state government officials TampaEDC.com • Sarasota rated #1 Best City to Launch a Small Business in the U.S. Bizjournals.com

Affordability &Housing • Favorable tax climate with no personal income tax • Lee County ranked #12 Most Desirable Places to Live in the U.S. in 2019 U.S. News & World Reports

Work/Life Balance

• Siesta Key beach, ranked #1 beach in America TripAdvisor • Sarasota ranked #2 Best Food Cities Condé Nast Traveler • Sarasota rated #1 Best Place to Live in Florida U.S. News & World Report

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QTI (“Qualified Tax Industry”) Tax Refund Program • Employer is eligible for a tax refund of up to $5,000 per new job created. • Incentives are based on type of industry, number of jobs created, average wages and capital investment. Quick Response Training Grant Program • Designed to assist existing businesses with the necessary training for retention and expansion. • Reimbursement program that enables Florida to retain, expand and attract employers offering high-quality jobs. • Amount awarded to each company is determined by the number of jobs and type of training needed. TIF’s (“Tax Increment Financing”) • Designed to abate property tax; usually single tenant buildings with large capital investment. • If project is multi-tenanted, could be difficult to secure. • Public approval process based on improvements to the buildings. INCENTIVES Overview of

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EMPLOYMENT Southwest Florida

Top Corporate Employers Company

County

Employees

Lee Health

Lee

11,800

Manatee County Public Schools

Manatee

6,800

Collier County School District

Collier

6,422

Sarasota Memorial Health Care System

Sarasota

5,700

Sarasota County School District

Sarasota

5,559

Collier County Local Government

Collier

5,011

Bealls, Inc.

Manatee

4,200

Sarasota County Government

Sarasota

3,501

Manatee County Government

Manatee

2,981

Lee County

Lee

2,600

Arthrex, Inc.

Collier

2,500

PGT Innovations

Sarasota

1,967

Chico's FAS, Inc.

Lee

1,750

First Watch Restaurants Inc.

Manatee

1,500

Goodwill Industries Manasota Inc.

Manatee

1,179

Gartner

Lee

1,152

Shell Point Retirement Community

Lee

1,020

Acher Western Contractors

Lee

1,000

Tropicana Products Inc.

Manatee

1,000

Venice Regional Bayfront Health

Sarasota

900

Sarasota Family YMCA

Sarasota

844

MCR Health Services

Manatee

835

Tervis

Sarasota

800

Hertz

Lee

750

Sun Hydraulics, Corp.

Sarasota

625

Walmart Supercenter

Lee

515

Cheney Brothers

Charlotte

500

Hyatt regency Coconut Point Resort & Spa

Lee

495

Lynx Services LLC

Lee

436

Pulsafeeder, Inc.

Charlotte

80

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SPOTLIGHTS City Bradenton

Population: 53,571 | Average Age: 45.1 | Average Income: $61,660

MANATEE

Sarasota

Population: 54,775 | Average Age: 46.1 | Average Income: $75,241

SARASOTA

Punta Gorda

CHARLOTTE

Population: 18,645 | Average Age: 65.4 | Average Income: $88,313

Fort Myers

LEE

Population: 75,077 | Average Age: 37.4 | Average Income: $63,349

Naples

Population: 20,847 | Average Age: 66.1 | Average Income: $150,683

COLLIER

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HIGHLIGHTS Hospital Hospital

County

Blake Medical Center

Manatee

Centerstone of Florida

Manatee

Lakewood Ranch medical center

Manatee

Manatee Memorial Hospital

Manatee

Suncoast Behavioral Health Center

Manatee

Complex Care Hospital at Ridgelake

Sarasota

Doctors Hospital of Sarasota

Sarasota

Encompass Health Rehabilitation Hospital of Sarasota

Sarasota

Englewood Community Hospital

Sarasota

Sarasota Memorial Hospital

Sarasota

Venice Regional Bayfront Health

Sarasota

Bayfort Health Port Charlotte

Charlotte

Bayfront Health Punta Gorda

Charlotte

Fawcett Memorial Hospital

Charlotte

Cape Coral Hospital

Lee

Gulf Coast Medical Center Lee Memorial Health System

Lee

Healthpark Medical Center

Lee

Lee Memorial Hospital

Lee

Lehigh Regional Medical Center

Lee

Park Royal Hospital

Lee

Select Specialty Hospital—Fort Myers

Lee

Landmark Hospital of Southwest Florida

Collier

Naples Community Hospital

Collier

NCH Healthcare System North Naples Hospital Campus

Collier

Physicians Regional Medical Center—Collier Boulevard

Collier

Physicians Regional Medical Center—Pine Ridge

Collier

The Willough at Naples

Collier

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SPOTLIGHTS submarket

Manatee Sarasota Charlotte Lee Collier

Economic Metrics

Avg Home Price

Avg Apt Rent

Apt Occupancy Rate

Unemployment Rate

County

Manatee

$257,900

$1,244

95.3%

2.9%

Sarasota

$260,900

$1,418

91.6%

3.0%

Charlotte

$209,900

$916

97.0%

3.5%

Lee

$229,800

$1,238

93.6%

3.0%

Collier

$333,200

$1,422

90.5%

2.8%

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MANATEE welcome to

Manatee Major Employers • Manatee County Public Schools • Bealls, Inc. • Manatee County Government • First Watch Restaurants Inc. • Goodwill Industries Manasota Inc. • Tropicana Products Inc. • MCR Health Services

Manatee Points of Interest • LECOM Park • The Bishop Museum of Science and Nature • Florida Maritime Museum • Manatee Performing Arts Center • Bradenton Area Convention Center

Brandenton Area Ranked #1 for Young Entrepreneurs —MoneyRates.com

Port Manatee is the closest U.S. deepwater seaport to the Panama Canal, serving bulk, breakbulk, container, heavylift, project and general cargo customers

Total Submarket Population: 377,921

Total Business Population: 150,100

Average Income: $74,253

Average Age: 47.9

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SARASOTA welcome to

#1 Best Beach in America, Siesta Key Beach —TripAdvisor

#1 Best Place to Live in Florida —U.S. News &World Report

Sarasota Points of Interest • Ed Smith Stadium • Nathan Benderson Park • St. Armands Circle • Sarasota Museum of Art • Circus Museum at The Ringling • Van Wezel Performing Arts Hall Expansions and Developments • Expansion at Sarasota Airport

Sarasota Major Employers • Sarasota Memorial Health Care System • Sarasota County School District • Sarasota County Government • PGT Innovations • Venice Regional Bayfront Health • Sarasota Family YMCA • Tervis • Sun Hydraulics, Corp.

Total Submarket Population: 416,374

Total Business Population: 207,693

Average Income: $83,138

Average Age: 55.7

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welcome to

CHARLOTTE

Charlotte Major Employers • Cheney Brothers • Pulsafeeder, Inc. Charlotte Points of Interest • Arredondo Pointe • Charlotte Sports Park • Port Charlotte Town Center • Punta Gorda Center for Performing Arts • Charlotte Harbour Event and Conference Center

Expansions and Developments • Babcock Ranch: 17,000 acre master planned community stretching across Charlotte and Lee Counties which will be fully solar-powered • $420 million Sun Seeker Resort under construction by Allegiant Travel Co. is set to create 500 new full-time jobs • New facility planned by Intrepid Aerospace and Megal Corporation creating up to 120 new jobs

Internationally recognized as the tarpon capital of the world

Ranked #3 in the nation for best places to live and golf—Golf Digest

Total Submarket Population: 176,296

Total Business Population: 63,622

Average Income: $62,401

Average Age: 58.8

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welcome to

LEE

Ft. Myers ranked #2 Best Place to Retire —U.S News &World Reports

Lee Major Employers • Lee Health • Lee County • Chico's FAS, Inc. • Gartner • Shell Point Retirement Community • Acher Western Contractors • Hertz • Walmart Supercenter • Hyatt Regency Coconut Point Resort and Spa • Lynx Services LLC Expansions and Developments • Gartner expansion underway in Fort Myers • Recent and current expansions at Lee Memorial Healthcare • Top Golf location proposed for Fort Myers • Expansion at Southwest Florida International Airport to accommodate nearly 9.4 million annual passengers (2018), nonstop service to 52 destinations by 15 air carriers and 4 non-stop international destinations

#1 Best City to Launch a Small Business in the U.S. —Bizjournals.com

Lee Points of Interest • CenturyLink Sports Complex

• JetBlue Park • Hertz Arena • Gulf Coast Town Center Mall (1.2 million SF) • Sun Splash Family Waterpark • Southwest Florida Military Museum and Library • Coconut Point Mall (1 million SF) • Melody Lane Performing Arts Center • Zoomers Amusement Park • Miromar Outlets (600,000+ SF) • Florida Gulf Coast University (Enrollment 15,080; Fall 2018)

Total Submarket Population: 720,020

Total Business Population: 307,919

Average Income: $76,017

Average Age: 48.2

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COLLIER welcome to

Collier Major Employers • Arthrex, Inc. • Collier County School District • Collier County Local Government • Shaw Development • Naples Community Hospital • Ritz Carlton Naples Collier Points of Interest • Waterside Shoppes 280,000 SF • Coastland Center Mall 1 million SF • Mercato 460,000 SF • Fifth Avenue Shopping District

Expansions and Developments • Arthrex expansion in North Naples to create 560 new jobs • $35 million ER expansion at Naples Community Hospital

#1 most affluent county in Florida —U.S. Census Bureau

Naples ranked first out of 347 cities experiencing rising incomes and population growth in 2019 —Go Banking Rates

Total Submarket Population: 370,297

Total Business Population: 177,378

Average Income: $100,437

Average Age: 50.5

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Southwest Florida is ready for you!

Michelle McMurray Associate Director, Florida Research michelle.mcmurray@cushwake.com +1 813 204 5373

©2020 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.