Posted: July 6, 2015
Port St. Lucie will be one of the leading cities in the nation to see economic growth in 2016, according to Bloomberg Business, which recently published a list of 18 cities expected to experience the greatest economic growth next year. Port St. Lucie ranks 14th on the list, with a projected economic growth rate of 4 percent.
Four other cities – Punta Gorda, Homosassa Springs, McAllen, Texas, and Provo, Utah – tied Port St. Lucie with a projected economic growth rate of 4 percent. Naples is number one with a projected growth rate of 4.9 percent.
An article published with the list says economic growth from the energy boom is out and baby boomers are in, so retirement communities are now growing faster than oil towns. As a result, nine Florida cities are on the list.
The recognition from Bloomberg follows other reports recently in The Wall Street Journal, Forbes and Investor’s Business Daily that rank Port St. Lucie as a top city for business and careers, retirement and housing price growth.
“We know locally that we are a city with great economic potential, because we see the good things every day,” said City Manager Jeff Bremer. “But it’s great to get recognized in the national financial press because we know businesses will want to invest here once they find out what Port St. Lucie is all about.”
To see more reasons why Port St. Lucie is a great place to live, visit the Good news in Port St. Lucie page on the city’s website.
For more information, contact:
Public Information Officer
City of Port St. Lucie