2019 IMPACT Report - Sarasota County, Florida

10 Impact Report 2019 S arasota County continues to show signs of economic strengthening. Taxable property values increased 6.3% in fiscal year 2019, and property values for 2020 are projected to continue to increase. Population increased at a rate of 2.1% from last year. Almost three million tourists visit Sarasota County each year, and it is the winter home for over a hundred thousand out-of-town residents. Local beach communities have earned an international reputation as a family vacation destination. The art community thrives with world class facilities including Van Wezel Performing Arts Center, the John and Mable Ringling Museum of Art, and the Asolo Repertory Theatre. Sports tourism is strong with Major League Baseball spring training stadiums and a world class rowing park. DEMOGRAPHICS DEMOGRAPHIC AND ECONOMIC STATISTICS Calendar Year Population (1) Per Capita Personal Income (2) Personal Income (in thousands) Public School Enrollment (3) Unemployment Percentage Rate (4) 2010 388,268 $ 52,331 $ 20,318,453 41,281 12.3 2011 381,319 53,769 20,503,141 40,899 11.3 2012 383,664 55,422 21,263,426 41,607 9.2 2013 385,292 56,661 21,831,030 41,094 7.3 2014 387,140 54,147 20,962,470 41,398 6.0 2015 392,090 56,426 22,124,070 41,910 5.2 2016 399,538 59,013 23,577,936 42,354 4.5 2017 407,260 61,523 25,055,857 42,810 4.1 2018 417,442 64,868 27,078,628 42,901 3.4 2019 426,275 N/A N/A 43,119 3.2 % N/A = Data not currently available Sources: (1) Bureau of Economic and Business Research (2) Florida Office of Economic and Demographic Research (3) School Board of Sarasota County (4) U.S. Bureau of Labor Statistics (12 month average)