Issue link: http://endeavor.uberflip.com/i/601215
Insight South Florida Industry Overview South Florida's economy is exhibiting strong recovery with a healthy GDP Growth of 4.5% CAGR from 2010-2014 1 . The professional, technical & business services; wholesale trade; accommodation and food services; and mining, agricultural and fishing industries are outperforming all other industries in South Florida's market. The gap between South Florida's company openings over company closings is growing; however, more than 85% of firms that close in South Florida have less than 500 employees, thereby confirming a need for Endeavor, which helps companies scale in South Florida's community. Endeavor Miami has found that there is a government and community focus in South Florida on scalable and innovative industries, including software, IT, biotech and education to support talent and job growth. Based 1 U.S. Bureau of Economic Analysis. 2 Small Business Administration, Florida Department of Economic Opportunity and Bureau of Economic and Business Research. 3 Florida Department of Economic Opportunity. 4 CB Insights, ID8Nation. on 2012 Census data, South Florida's small businesses account for two-fifths of the state's workforce of 3 million individuals. 2 New employment opportunities are expected to grow in South Florida at an average of approximately 1% in all industries by 2022. 3 Growth in employment opportunities will be driven by computer and math professions; healthcare; construction; education; and business and financial professions. South Florida accounts for more than 50% of Florida's VC investment deals, with approximately $6.9 Billion invested between 2009 to 2014 in Florida across approximately 1,100 deals. 4