Regional Economic Impact Research: Hispanic Communities of Central Florida

1. Regional Economic Impact Research:Hispanic Communities of Central Florida Hank H. Fishkind, Ph.D., President Fishkind & Associates, Inc. 11869 High Tech Avenue Orlando, Florida 32817 March 3, 2005

2. General Conclusions • Almost 20% of the Central Florida population is of Hispanic origin • The Hispanic population has increased by 11.8 percentage points since 1990 • The purchasing power of the Hispanic population has reached $6.9 billion • Expected to increase to $8.2 billion by 2007

3. General Conclusions (Continued) • $11.3 billion in Regional spending is supported by the Hispanic community • 32 thousand jobs are supported by spending of the Hispanic communities of Central Florida • $1 billion in wages/salaries are paid as a result of the spending of the Hispanic Communities of Central Florida

4. Overview • Aggregate National Trends • Local Trends • Community Profiles • Population distributions • Migration trends • Income profile • Population Forecast • Economic Impacts

5. Aggregate Trends

6. National Population Distributions Among the Hispanic Community • 58% Mexican • 10% Puerto Rican • 4% Cuban • 28% of other Hispanic Origin

7. National Population Growth of Hispanic Community • 58% Growth between 1990 and 2000 • 53% Growth of Mexican American community • 25% Growth of Puerto Rican American community • 19% Growth of Cuban American community

8. State / Regional / Local Trends

9. State / Regional Trends in Hispanic Population Growth • Statewide the Hispanic community has increased 70.4%, 1990 to 2000 • Regionally the Hispanic community has grown by 175%, 1990 to 2000 • 47 of the 67 Florida counties experienced growth above 100% • Lake, Orange, Osceola and Seminole were included

10. Local Trends in Hispanic Population Growth • Between 1990 and 2000 the Hispanic populations in: • Lake County increased by 184% • Orange County increased by 166% • Osceola County increased by 296% • Seminole County increased by 117%

11. Community Profiles • Lake County • Orange County • Osceola County • Seminole County

12. Lake County Hispanic Populations • 6.2% of the total population considers themselves of Hispanic origin ============================ • Within the Hispanic community • 44.6% are Mexican • 27.7% are Puerto Rican • 4.7% are Cuban • 3.6% are South American • 19.3% Other

13. Lake County Major Sources of Hispanic In-Migration • 14.9% of the total in-migration originates form the U.S. Northeast =============================== • 14.7% Cuban migration form U.S. Northeast • 39.7% of Mexican migration from foreign countries • 20.1% of Puerto Rican migration from U.S. Northeast • 30.9% of South American migration from U.S. Northeast • 20.52% of Other Hispanic migration from U.S. Northeast

14. Lake County Hispanic Per Capita Income Profiles • Countywide per capita income $13,762 ========================= • Cuban income $24,719 • South American income $16,932 • Puerto Rican income $15,011 • Mexican income $11,099 • Other Hispanic income $11,666

15. Lake County Hispanic Population Forecast

16. Lake County Hispanic Populations’ Economic Impacts • $322 million in spending in 2004 • $386 million in spending by 2007 ========================= • The Mexican community made the larges contribution with $159 million in 2004 • Expected to increase to $183 million by 2007

17. Lake County Hispanic Populations’ Economic Impacts(Continued) • An additional $187 million in County spending is supported by the Hispanic community • $45 million in additional wages/salaries are paid • 1,427 additional jobs are supported

18. Orange County Hispanic Populations • 21.1% of the total population considers themselves of Hispanic origin ========================= • Within the community • 49% are Puerto Rican • 11.3% are Mexican • 7.8% are South American • 6.5% are Cuban • 25% Other

19. Orange County Major Sources of Hispanic In-Migration • 23% of the total in-migration originates from the U.S. Northeast =============================== • 28.6% of Cuban migration from foreign countries • 37% of Mexican migration from foreign countries • 36.6% of Puerto Rican migration from Puerto Rico • 54.1% of South American migration from foreign countries • 23.9% of Other Hispanic migration from U.S. Northeast

20. Orange County Hispanic Per Capita Income Profiles • Countywide per capita income $13,177 ========================= • Cuban Income $21,919 • South American Income $16,669 • Puerto Rican Income $14,874 • Mexican Income $13,684 • Other Hispanic Income $11,705

21. Orange County Hispanic Population Forecast

22. Orange County Hispanic Populations’ Economic Impacts • $4,088 million in spending in 2004 • $4,819 million in spending by 2007 ========================= • The Puerto Rican Community is the largest contributor with $2,064 million in 2004 • Expected to increase to $2,422 million by 2007

23. Orange County Hispanic Populations’ Economic Impacts(Continued) • An additional $2,629 million in County spending is supported by the Hispanic community • $631 million in additional wages/salaries are paid • 19,567 additional jobs are supported

24. Osceola County Hispanic Populations • 32.5% of the total population considers themselves of Hispanic origin ============================ • Within the community • 58.2% are Puerto Rican • 7.5% are South American • 6.1% are Mexican • 3.8% are Cuban • 24.5% Other

25. Osceola County Major Sources of Hispanic In-Migration • 26.2% of the total in-migration originates from the U.S. Northeast =============================== • 27.9% of Cuban migration from foreign countries • 31.2% of Mexican migration from foreign countries • 45.3% of Puerto Rican migration from Puerto Rico • 43.6% of South American migration from foreign countries • 29.7% of Other Hispanic migration from Puerto Rico

26. Osceola County Hispanic Per Capita Income Profiles • Countywide per capita income $16,712 ========================= • Cuban Income $19,085 • Puerto Rican Income $13,359 • South American Income $13,243 • Mexican Income $12,264 • Other Hispanic Income $10,171

27. Osceola County Hispanic Population Forecast

28. Osceola County Hispanic Populations’ Economic Impacts • $1,390 million in spending in 2004 • $1,690 million in spending by 2007 ========================= • The Puerto Rican Community is the largest contributor with $801 million in 2004 • Expected to increase to $946 million by 2007

29. Osceola County Hispanic Populations’ Economic Impacts(Continued) • An additional $833 million in County spending is supported by the Hispanic community • $199 million in additional wages/salaries are paid • 6,154 additional jobs are supported

30. Seminole County Hispanic Populations • 12.3% of the total population considers themselves of Hispanic origin ============================ • Within the community • 30.5% are Puerto Rican • 6.2% are South American • 6.1% are Mexican • 5.4% are Cuban • 19.5% Other

31. Seminole County Major Sources of Hispanic In-Migration • 23.6% of the total in-migration originates from the U.S. Northeast =============================== • 19.2% of Cuban migration from foreign countries • 28.7% of Mexican migration from foreign countries • 25% of Puerto Rican migration from Puerto Rico • 25.8% of Other Hispanic migration from Puerto Rico

32. Seminole County Hispanic Per Capita Income Profiles • Countywide per capita income $18,588 ========================= • Cuban Income $23,138 • South American Income $19,860 • Mexican Income $18,689 • Puerto Rican Income $18,202 • Other Hispanic Income $14,552

33. Seminole County Hispanic Population Forecast

34. Seminole County Hispanic Populations’ Economic Impacts • $1,113 million in spending in 2004 • $1,328 million in spending by 2007 ========================= • The Puerto Rican Community is the largest contributor with $527 million in 2004 • Expected to increase to $610 million by 2007

35. Seminole County Hispanic Populations’ Economic Impacts(Continued) • An additional $726 million in County spending is supported by the Hispanic community • $176 million in additional wages/salaries are paid • 5,462additional jobs are supported