As 2015 comes to a close, more small businesses are encouraged to see Tallahassee’s economy strengthening and that will likely lead to more new hires, expansions and relocations. Owners may also decide to invest back into the business with major purchases.
Key economic factors point up. Business are seeing increased sales. There’s more population. Property evaluations are inching up. The local job market is showing promise, too, since fewer people are unemployed and less under-employed. In addition, new development and construction appears to be sprouting at nearly every corner.
Ben Pingree, executive vice president of the Economic Development Council of Tallahassee/Leon County, said he believes 2016 is going to be “a very productive year for businesses and increased vitality city and countywide.”