Education
Services
Despite underperforming regional earnings in South Florida's education
industry (with industry total of $7 Million dollars in 2013 and a CAGR of
approximately 0.9% from 2010-2014)
1
, the graph below indicates that
there is healthy growth in the number of small and medium businesses
(defined as having 1-499 employees) in this sector. The healthy job growth
in South Florida's educational services sector (with an expected CAGR
of approximately 1.8% from 2014 to 2022)
2
, reflects a potential need for
innovative services in the industry.
The trends driving innovation and entrepreneurship in South Florida's
education services space include: social media in the classroom; gamebased
learning; online learning; blended and hybrid learning; data driven learning
and assessment; positioning students as creators vs. consumers of
information; and creating agile startup models to encourage entrepreneurship
and facilitate "real world" experiences for students.
3
Source:
Small
Business
Administration,
Florida
Department
of
Economic
Opportunity
and
Bureau
of
Economic
and
Business
Research.
1
Small Business Administration.
2
Id.
3
Lit Search, e.g. Edutopia, Times Higher Education.
2008
5.3
5.4
5.5
5.2
5.2
5.1
5.1
5.0
4.9
4.9
0
2009 2010 2011 2012
#
Of
Firms
in
Florida
('000s,
size
1-499
emp.)
latest
censur
data.
CAGR
(08-12)
~
2.3%
