March 1, 2015

Florida CEO Trends

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The Economy in 2007, Emergent Issues, Property Values, Expanding Markets

| 12/1/2006

Stephen Miller
P.E. President/CEO
MSCW Inc.

Market Expansion

As a community planning and design and engineering firm, one of the big drivers for us is where our current client base wants to do business. In the next few years, we will be expanding to the north rather than to the south. The national and regional developers and builder-developers really maximized out their opportunities in the markets that existed in the early 2000s in South and Southwest Florida.

A lot of them moved up to Central Florida in 2002 and 2003, and they began moving to North Florida in the last couple of years. They are moving north because there's less competition; the national and regional developer-builders really haven't been in those marketplaces to any large degree. The constraints on growth have not really caught up with those North Florida communities.

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Gov Scott has proposed to increase funding to education, and half of those monies will come from property taxes. The debate is: A) is Scott's proposal a tax? Or, B) is Scott just using new monies that would come in because property values are increasing?

  • A) It's a tax
  • B) It's not a tax - only tapping natural increases in revenue

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