null Skip to main content.
Site Logo
  • Linkedin
  • Facebook
  • Twitter
  • Youtube
    • About
      • Staff
      • Economic Development Partners
      • Contact Us
    • Communities
      • Afton
      • Bayport
      • Cottage Grove
      • Forest Lake
      • Hugo
      • Lake Elmo
      • Mahtomedi
      • Newport
      • Oak Park Heights
      • Oakdale
      • Scandia
      • St. Paul Park
      • Stillwater
      • Woodbury
    • Business
      • A Guide To Starting a Business in Minnesota
      • SizeUp Small Business
      • Open to Business
      • Incentives
      • Business Resources
      • Small Business Support Calendar
    • What's Next CEO
      • What’s Next CEO Peer-to-Peer Round Table
        • FAQ
        • Peer-to-Peer Member Login
      • Resources
        • Workforce
        • Funding
        • Supply Chain
        • Sales
        • SizeUp Small Business
        • Webinars
      • Partners
      • Business Updates
      • Small Business Support Calendar
      • Contact Us Today!
    • Brownfield EPA Grant
    • Site Selection
      • Economic Profile
      • Available Properties
      • Infrastructure
      • Tax Structure
      • Location Advantages
      • Washington County Profile
    • Workforce
      • Quality of Life
      • Labor Force
      • Labor Force Studies
      • Major Employers
      • Workforce Resources
      • Housing
    • Relocate
      • Our Communities
      • Housing
      • Childcare
      • Healthcare
      • Education
      • Safety
      • Cost of Living
    • News
    • Videos
    the legends of cottage grove senior living sign and building front
    Contact Us

    Contact Photo Image

    Chris Eng
    Economic Development Director
    651-458-1696 fax
    Email Chris

  • Home
  • CDA
  • County
  • Contact
  • Translate
    Search This Site Search
    1. Home
    2. News
    3. 'The Domino Effect Has Only Begun'
    'The Domino Effect Has Only Begun' main photo

    'The Domino Effect Has Only Begun'

    May 3, 2021

    This is not your father’s Florida.

    If you still think that Florida is nothing more than beaches, theme parks, sunshine, lightning shows and sand, think again.

    The Sunshine State has become an economic juggernaut that rivals that of large countries. With a trillion-dollar annual GDP, Florida’s economy would rank 17th in the world, larger than Saudi Arabia, the Netherlands, Argentina and Switzerland.

    While Florida has been booming for quite some time, the events of the past year have added fuel to the fires of growth. “The impacts of the last year have accelerated recognition of Florida’s business-friendly climate that has existed for many years,” says Jamal Sowell, Florida Secretary of Commerce and President and CEO of Enterprise Florida, the state’s official economic development agency. “Currently, we are seeing what we believe to be the largest relocation of investment capital firms and hedge funds in history. This has transformed Florida into an anchor for investment and capital formation. The domino effect has only begun.”

    These companies are moving to Florida because they are chasing the dollars, and in that race, there is not even a close second. According to Bloomberg, Florida takes in $17.2 billion more than it loses in wealth each year as high-net-worth people relocate to the Sunshine State. That sum is about seven times the amounts netted by the next closest states: Texas, Washington and South Carolina. In fact, Bloomberg reports, Florida annually ranks as the No. 1 recipient of wealth being transferred from 18 individual states. Illinois, New Jersey and New York combine to pump approximately $8 billion into Florida per year.

    Read full article.

    • Facebook
    • Twitter
    • LinkedIn
    • Email
    • Print
    View Custom Report

    Why Washington County, MN?

    Increase in Population

    15.9%

    Increase in Population Since 2010 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    Available Workers

    144,655

    Available Workers 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    High School Diploma

    95.4%

    Percentage of the Adult Population (18 years & over) with at Least a High School Diploma 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    Median Age

    39.6

    Median Age 

    Source: U.S. Census Bureau, 2017-2021 American Community Survey

    Footer Icon
    Washington County Community Development Agency
    7645 Currell Blvd, Woodbury, MN, 55125 P: 651-458-0936 F: 651-458-1696
  • Home
  • Contact
  • Site Map
  • © 2025 Washington County Community Development Agency . All rights reserved. Economic Development Websites by Golden Shovel Agency.