It's Your Business: Strong economic growth expected for Naples, Marco Island

Dave Osborn

Dave Osborn

Over the next year, Naples-Marco Island is expected to show stronger economic growth than nearly a dozen other metros in Florida.

That's according to the most recent report by the University of Central Florida's Institute for Economic Competitiveness. The report says the metro in the next year will show the highest personal income growth at 5.7 percent, among 12 metros studied.

Other metros in the report include Orlando, Jacksonville, Lakeland, Gainesville and Miami-Fort Lauderdale-Pompano Beach.

Naples-Marco Island also will see the highest average wage growth, at a rate of 2.7 percent, and population growth will average 1.9 percent, the second-highest in the studied areas, according to the report.

Employment growth is predicted to average 2.7 percent in the Naples area, the highest of any market in the study, and the metro will see an unemployment rate of 8.3 percent.

Collier records 273 new foreclosure filings

In October, there were 273 new foreclosure filings in Collier County.

That was up from 226 in September and 245 a year ago, according to the county clerk's office.

So far this year, there have been 2,506 new filings. In all of 2011, there were 2,270.

The peak for new filings came in 2009, when there were more than 8,200.

Bank opens in Bonita Springs

The Bonita Springs Area Chamber of Commerce last week welcomed First Citizens Bank to the community.

First Citizens Bank is at 8891 Timberwilde Drive. For more information, visit or call 239-390-0905.

Lennar Homes starts building new home model in North Naples

Lennar Homes has started construction of a new model home at Orange Blossom Ranch, a new community off Immokalee Road in North Naples.

Matt Devereaux, vice president of sales and marketing for Lennar in Southwest Florida, said Lennar plans to build 30 new three-, four-, five- and six-bedroom single-family homes at Orange Blossom Ranch that range in size from 1,677 square feet of living space to 3,231 square feet.

The new homes will be priced from the low $200,000s. Information:

__ Connect with Dave Osborn on Facebook and Pinterest at Ndn-Dave Osborn and on Twitter at NDN_dosborn.

© 2012 All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Discuss
  • Print

Related Stories

Related Links

Comments » 1

RayPray writes:

in response to GorchFock:

(This comment was removed by the site staff.)

Here's what the Great OBAMA must do next.

He must reward his supporters by erecting low income public housing projects all over Naples & Marco Island.

Current homeowners will certainly welcome the ensuing racial & economic integration.

And how the local economy will boom as such newcomers disgorge their Food Stamps and drug revenue upon our local businesses....

Share your thoughts

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.

Comments can be shared on Facebook and Yahoo!. Add both options by connecting your profiles.