Ä¢¹½TV

Issue Brief: Microbusinesses in Lee County, Florida

June 30, 2022 / RERI Research Team / Tags: Issue Brief, Reports

Information in this Issue Brief was collected on May 11, 2022 from USA Reference database. The database represents a list of establishment-level records that is continuously updated to provide the most up-to-date information about businesses. US Reference provided 39,373 records containing all establishments with no more than 500 employees located in Lee County, Florida.

Issue Brief: Financial Literacy and Small Business Resilience

June 01, 2022 / RERI Research Team / Tags: Issue Brief, Reports

The Covid-19 pandemic is the most significant economic shock in modern history. Overnight, the country went from steady growth and full employment to a full stop. As lockdowns were implemented, businesses shuddered operations. Since March 2020, we have developed ways to cope with the virus, but even two years later, we continue to deal with supply chain disruptions, virus variants, and remarkably changed business landscape.

Issue Brief: New Hire Wage Index

June 01, 2022 / RERI Research Team / Tags: Issue Brief, Reports

Every quarter, the U.S. Bureau of Labor Statistics releases the Quarterly Census of Employment and Wages (QCEW), a dataset that provides a snapshot of the current state of the labor market in a defined geographical region. The QCEW is one of the most cited resources for the labor market and is used often by the media, policymakers and academics to provide commentary, analysis and projections. While the QCEW is indeed a high-quality source for labor market data, it is also limited with respect to information it provides on wages. While it will tell the user what the average quarterly wage is in an industry, it will not provide any information for how new hires will fare in this industry.

Issue Brief: Unemployment Levels by Industry

March 31, 2022 / RERI Research Team / Tags: Issue Brief, Reports

Southwest Florida had a seasonally-adjusted unemployment rate of 3.8 percent in February 2020. In the following month the Covid-19 pandemic reached the country and the region. The mitigating policies designed to curtail the spread of the virus resulted in a spike in the unemployment rate, rising as high as 13.1 percent by April 2020. The region’s unemployment rate has recovered since this apex, reaching 4.0 percent by December 2021. However, looking at simply the unemployment rate does not tell the complete story. After all, stay-at-home policies, supply chain disruptions, and changes in consumer preferences have impacted industries in various ways. Industries such as financial activities and professional and business services were much more equipped to weather these shocks over other industries such as leisure and hospitality, and education and health services.

Ä¢¹½TV Economic Contribution Analysis

January 28, 2022 / RERI Research Team / Tag: Reports

Ä¢¹½TV (Ä¢¹½TV) opened its doors to students on August 25, 1997 and was the tenth state university in the Florida State University System. Twenty-five years after opening its doors, Ä¢¹½TV has grown to become not only the region’s largest post-secondary education presence, but also serve as a catalyst for economic development in Southwest Florida. To help celebrate this milestone, the RERI conducted a two-part study to understand the contributions and impacts Ä¢¹½TV has brought to the region.

Issue Brief: Small Businesses in Southwest Florida

December 23, 2021 / RERI Research Team / Tags: Issue Brief, Reports

Small businesses are typically considered the main driver of local economies. They play a vital role in the development, growth and sustainability of any economy. A small business represents the beginning of a journey for many entrepreneurs, looking to anticipate the demands of consumers and bring new products to market. Many well-known companies all began as small enterprises, including Google, Amazon and Apple.

2021 Southwest Florida Economic Almanac Series

September 22, 2021 / RERI Research Team / Tags: Reports, SWFL Almanac

The Regional Economic Research Institute is pleased to announce the publication of the 2021 Southwest Florida Economic Almanac Series. The series represents a comprehensive collection of over 30 databases in a one document, allowing for an easy and thorough access to information pertaining all Southwest Florida’s counties – specifically Charlotte, Collier, Glades, Hendry and Lee Counties. Topics covered include agriculture, charitable giving, demographics, employment, finance, education, the environment, government spending, health, housing, income and poverty statistics, and real estate.

Educational and Workforce Outcomes Report

August 25, 2021 / RERI Research Team / Tag: Reports

The Regional Economic Research Institute is pleased to announce the 2020-2021 Southwest Florida Educational and Workforce Outcome Report. The 109-page report is the result of a collaborative effort between the Workforce Now group and the FutureMakers Coalition, and provides up-to-date information on education and workforce indicators for the five-county region.