Regional Economic Impact Research: Hispanic Communities of Central Florida

1
Regional Economic Impact ResearchHispanic
Communities of Central Florida

• Hank H. Fishkind, Ph.D., President
• Fishkind Associates, Inc.
• 11869 High Tech Avenue
• Orlando, Florida 32817
• March 3, 2005

2
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

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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

4
Overview

• Aggregate National Trends
• Local Trends
• Community Profiles
• Population distributions
• Migration trends
• Income profile
• Population Forecast
• Economic Impacts

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Aggregate Trends
6
National Population Distributions Among the
Hispanic Community

• 58 Mexican
• 10 Puerto Rican
• 4 Cuban
• 28 of other Hispanic Origin

7
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

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State / Regional / Local Trends
9
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

10
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

11
Community Profiles

• Lake County
• Orange County
• Osceola County
• Seminole County

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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

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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

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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

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Lake County Hispanic Population Forecast
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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

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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

18
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

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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

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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

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Orange County Hispanic Population Forecast
22
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

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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

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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

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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

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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

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Osceola County Hispanic Population Forecast
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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

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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

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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

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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

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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

33
Seminole County Hispanic Population Forecast
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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

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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