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Local economy not keeping pace with Southern counterparts

18.05.12

We've got sunshine and beauty in spades, but our economy isn't keeping up with rival regions in the South, a new study by the Tampa Bay Partnership shows.

The Tampa Bay area's economy is no better than fifth out of six Southern metropolitan regions, ahead of only Jacksonville, the study shows.

Leaders of the Tampa Bay Partnership, a regional economic development group, say they're working on a plan to bring more high-paying jobs to the area by developing the right industries. Still, that seems more of a long-term fix than a short-term solution to high unemployment and a weak housing market.

The partnership issues a Regional Economic Scorecard twice a year, comparing the Bay area with five other Southern metropolitan areas: Jacksonville, Atlanta, Dallas and Charlotte and Raleigh-Durham, N.C.

The study doesn't sugarcoat the local problems and has ranked the Bay area's economy last or next-to-last in its last four semiannual scorecards.

To be sure, there is some good news in the scorecard issued Tuesday. For example, the Tampa Bay area added 15,500 jobs between fall 2010 and fall 2011. Only Dallas added more jobs among the six Southern cities, growing by 65,800 jobs.


Source: Tbo.com

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