Hillsborough Shows Smallest Growth Since 2000

No surprise here as this quote from the TBO pretty much sums it up.

Hillsborough County's breakneck growth stumbled from 2006 to 2007, marking the smallest population gain this decade -- fewer people than Polk or Pasco counties.

A strong argument can be made here that population growth isn't that key of a factor for economic growth, particularly when the county has a population of 1.1 million people. I would argue that this is true and that now is the time to start building a foundation for more infrastructure, more industry and better service from our municipalities. Then would be a good time to see if the population was growing.

Of course the flip side to that is Florida is an older state (currently 4th in median age in the US) and needs population growth to sustain itself. Meh. To me this creates a weak argument for growth; the good kind, like economic, educational, engineering, etc. If new people are coming in we can still resort to the old ways; no need to change or upgrade. If it ain't broke, don't fix it mentality. Looking around, is that such a good thing?

Not growing in this case is good. Let's use this opportunity to make technologically advancing positive 21st century changes so that when we do grow, we'll be ready.

Hillsborough's 2006-07 Population Growth Lowest Since 2000 (TBO.com)

Florida in Recesssion

Pretty short article from the AP today announcing what we already know, Florida is in a recession. No data to support it, no figures no facts, just the statement that we are in recession from economists at Wachovia. In a way, it's kind of refreshing to not have all the facts and figures behind the statement, just that our economy is in a sharp decline. Do we really need them anyway? Anyone with business in the state can pretty much see it everyday already. Ask a leasing agent or regional or vendor and they will tell you that yes, business is hurting and the economy is in a downturn. Want to call it a recession? Ok, if we must label it.

It all seems very daunting particularly in light of the news yesterday that the Tampa area was 2nd in the nation in growing unemployment. Not. Good. Times. And yes, we do believe that economics is largely a mental game. If you don't, then see the Consumer Confidence Index. Notice the chart. Down = bad. However, reality is reality and in this case we are in a recession.

Makes me kinda long for the 80's.

Wachovia economists say state is in recession (TBO.com)