Reports and Studies
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This page includes links to documents developed by the Institute, which can be broadly categorized as Periodic Reports and Studies (including presentations). Our intent is to inform the larger community of the Institute's activities.
Beginning with the first quarter of 2012, RERI is issuing the Lee County Business Climate Survey Report. This quarterly report is a result of a new partnership between The Horizon Council and Florida Gulf Coast University. The Horizon Council is a public-private board established in 1991 to advise the Lee County Board of Commissioners on economic development issues.
The Report summarizes the results of the Executive Business Climate Survey. It provides a view of the local economy, based on responses from senior executives of companies from a broad range of industries across the county.
In addition to this quarterly report, RERI continues to issue a monthly report: Regional Economic Indicators, which analyzes a wide range of economic data from the 5-county region of Southwest Florida. It also includes National economic data of interest. The monthly Indicators report has been issued since early 2007.
Also, the Institute has been commissioned to do several specialized economic studies; summary reports of those studies are linked here.
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(Earlier Reports can be found on the Archive page)
Our Quarterly Report
Lee County Business Climate Survey Report, Third Quarter 2015 (25 pages)
Our Monthly Report:
Regional Economic Indicators, September 2015. (21 pages)
The report was released by Dr. Christopher Westley, Director of RERI. Dr. Westley's comments at the release of the report on September 30, 2015:
It is my pleasure to provide you the September 2015 Southwest Florida Regional Economic Indicators Report. This report is provided by the Regional Economic Research Institute of the Lutgert College of Business at Florida Gulf Coast University.
The Southwest Florida economy continued to exhibit strong growth, with the seasonally-adjusted unemployment rate for the five-county region falling to 5.1 percent for August—a full percentage point decrease from August 2014. Similar patterns were observed for the state of Florida and the nation, as noted on page 12 of this report. Seasonally-adjusted regional taxable sales were up 10 percent in June 2015 versus June 2014. Seasonally-adjusted tourist tax revenues for July 2015 were up six percent for the region encompassing Collier, Lee, and Charlotte counties. July 2015 passenger activity for the three Southwest Florida airports was four percent higher than the July 2014 figure, fueled largely by a spike in traffic at Punta Gorda Airport.
The August Bureau of Labor Statistics Establishment Survey showed that national nonfarm payroll employment increased by 173,000 in August 2015 compared to August 2014, a decrease of 72,000 from July and below the 12-month average job growth of 243,250. The state of Florida contributed 19,600 of these jobs, which is more than 11 percent of the national job gain for the month.
For the 12-month period ending in August 2015, the state of Florida added 261,500 jobs, led by jobs in Education and Health Services (59,700), Leisure and Hospitality (55,600), and Trade, Transportation, and Utilities (55,600). This state-level data is seasonally adjusted. The Cape Coral-Fort Myers metropolitan area recorded an increase of 6,500 jobs in August 2015 compared to August 2014, or 2.9 percent. The Naples-Immokalee-Marco Island metropolitan area reported 4,100 new jobs, or 3.2 percent. The Punta Gorda metropolitan area reported 1,700 new jobs, or 4.0 percent.
The Federal Open Market Committee (FOMC) met on September 17, and decided that U.S. economic conditions were still too fragile to weather an increase in the Federal Funds target interest rate. Nonetheless, Federal Reserve Chairwoman Janet L. Yellen said in a speech the following week in Amherst, Mass., that based on labor market trends and expected inflationary pressure, the Fed intends to raise its benchmark rate by the end of 2015. “Achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a gradual pace of tightening thereafter,” Ms. Yellen said. “But if the economy surprises us, our judgments about appropriate monetary policy will change.”
Please see the rest of the report for more detail.
Christopher Westley, Ph.D.
Director, Regional Economic Research Institute
and Professor of Economics
Lutgert College of Business
Florida Gulf Coast University
Earlier issues of the Regional Economic Indicators are linked from the Archive page.
Studies and Presentations:
Barriers to Small Business Growth
July 25, 2014 (44 pages)
The purpose of this survey is to better understand the factors that are limiting small business growth in the greater Lee County area. This survey provides insights about key concerns and issues facing small businesses.
The Economic Community Impact - Academic Year 2012-2013
December 11, 2013 (18 pages)
This study is an economic impact analysis of the University, estimating the direct and indirect economic impact of the University on the Southwest Florida region. It is an update of earlier studies done for Academic Years 2009-2010, 2007-2008 and 2005-2006.
The Status of Women in Southwest Florida
August 1, 2012 (160 pages)
This study, commissioned by The Women’s Fund of Southwest Florida, analyzes the 2010 Census information and other Florida agency data to better understand population, diversity, employment, income, achievement, autonomy, health, and well-being of women in Southwest Florida.
Benchmark Assessment for the Calusa Nature Center & Planetarium
February 10, 2012 (144 pages)
This study includes benchmark analysis of similar facilities (organizational structure, staffing, attendance, and other factors). As well, the study includes interviews with select local leaders and an economic impact analysis.
The Economic Community Impact - Academic Year 2009-2010
July 25, 2011 (18 pages)
This study is an economic impact analysis of the University, estimating the direct and indirect economic impact of the University on the Southwest Florida region. It is an update of earlier studies done for Academic Years 2007-2008 and 2005-2006.
Florida's New Economic Reality: The State of the State
February 11, 2010 (46 pages)
This is a presentation made by Dr. Jackson to the Florida Philanthropic Network, a statewide association of grantmakers working to strengthen philanthropy through research, education and public policy. The presentation reviewed economic trends at the National, Regional, and State levels.
Visit the Website of the Florida Philanthropic Network
External Environmental Scan
November 16, 2009 (55 pages)
This study of the environment external to FGCU was done as an input to the university's strategic planning process. It includes an economic outlook, occupation and industry trends, regional economic development and workforce studies, population and demographic trends, educational attainment levels, educational degrees granted, and a review of regional educational institutions.
Southwest Florida Regional Business Incubator Planning Study
August 27, 2009 (220 pages)
This report is a strategic planning study for a regional business incubator network for Southwest Florida. The basic purpose of this research is to identify best practices, regional issues and characteristics, and recommend a development plan for a regional business incubator system for Southwest Florida.
The Economic Community Impact - Academic Year 2007-2008
October 14, 2008 (17 pages)
This study is an economic impact analysis of the University, estimating the direct and indirect economic impact of the University on the Southwest Florida region. It is an update of an earlier study done for Academic Year 2005-2006.
Changing Economic Times (40 pages),
presented September 11, 2008 to the Real Estate Market Trends Conference in Charlotte County. The presentation included national and local economic trends as well as Federal Reserve System forecasts for 2008 - 2010.
Traded Business Clusters Study - Charlotte, Collier, and Lee Counties
June 9, 2008 (61 pages)
This document is an important update to an earlier study which provided available regional cluster information for the years 2001 and 2004. (The earlier study is available here; it was issued June 19, 2006 and discusses methodology in more detail.)
Data is now available for 2006 and this update provides a summary of the cluster analysis using 2006 employment, average wage, and number of establishments by cluster definition. This is a continuing regional collaboration between the University and the Economic Development Organizations in Charlotte, Lee, and Collier Counties.
Changing Economic Times
April 8, 2008 (38 pages)
This was a presentation by Dr. Jackson at Market Pulse, an event sponsored by the Bonita Springs Area Chamber of Commerce and the Bonita Springs-Estero Association of Realtors. It is a comprehensive review of economic trends, both nationally and in Southwest Florida.
An Economic Property Tax Review of Ten Selected Florida Counties,Review and Analysis of the new property tax constitutional amendment as it applies to the ten counties; and
Forecasts of property tax exemptions and portability for each of the counties.
December 12, 2007 (135 pages)
This report is the second part of a research project sponsored by the Florida Association of Realtors that focuses on ten select counties. [The report on the first part of the project is available here; it was issued on August 10, 2007.] The research is designed to provide a better understanding of the real property tax system by analyzing various property owner-groups. The tax information analyzed is for Bay, Citrus, Dade, Flagler, Hillsborough, Lafayette, Leon, Okaloosa, Orange, and Palm Beach Counties. Also provided in the report are:
Southwest Florida Executive Business Climate Survey, Fall 2007 (13 pages)
This report is based on a survey conducted by RERI for the Chamber of Southwest Florida. The survey solicited executive responses from a mix of large and small firms over a cross-section of businesses in Charlotte, Collier, and Lee Counties. The firms serve local, regional, national, and international markets.
The survey measured the level of optimism regarding the regional economy, with specific questions focusing on the housing market, property tax legislation, business trends, labor market, and other issues of current interest.
Chamber of SW Florida website
Florida's Property Tax Reform Legislation: An Economic Review,
August 10, 2007 (60 pages)
This is the initial report of an economic study sponsored by the Florida Association of Realtors and includes:
- A historical overview of Florida’s property values and taxes;
- A description of new property tax legislation and proposed constitutional amendment;
- A summary of economic studies and analysis;
- Simulations of taxes owed under the Super Homestead and Save Our Homes; and
- Potential issues and concerns.
Florida Association of Realtors website
The Economic Community Impact - Academic Year 2005-2006,
June 18, 2007 (17 pages)
This study is an economic impact analysis of the University to mark its tenth year of operation. It estimates the direct and indirect economic impact of the University on the Southwest Florida region and its five-county service area.
Southwest Florida Health Care Industry Study, March 2007. (219 pages)
- is regional in scope, covering thirteen Health Care sectors in Charlotte, Lee, and Collier Counties;
- defines and analyzes the economic impact of the Health Care industry on the Region, including employment, output values, value added/produced, and labor income; and
- identifies issues and needs of the various Health Care sectors in the areas of growth, facilities, workforce, training, and any regulatory concerns.
Immokalee Master Plan Study, November 2006. (75 pages)
This is a stand-alone economic analysis study of Immokalee, Florida, conducted for the RMPK Group, an urban planning and design firm in Sarasota, Florida. It focused on population, employment, and development issues.
Traded Business Clusters Study - Charlotte, Collier, and Lee Counties
June 19, 2006. (96 pages)
This document represents an important collaboration between the University and the
Economic Development Organizations in Charlotte, Lee, and Collier Counties.
Industry Clusters are geographic concentrations of business suppliers, producers, service
providers, and associated institutions. This research study focuses on Traded Industry Clusters
in the Southwest Florida counties of Charlotte, Collier, and Lee. Traded industry clusters compete for national and international market share and export a large part of their product or service outside the local regional economy.
Links to Economic Development Organization websites:
Charlotte | Lee | Collier
Portability Study, January 2006. (120 pages)
This is a summary report of an economic study of the proposed "Save Our Homes" portability amendment to the Florida Constitution. The study was done under contract to the Florida Association of Realtors, and included:
- A review of the literature, including major studies done on California’s Proposition 13 (and others), also related portability laws;
- Economic Analysis of a Florida portability bill, HJR 33, including a range of
changes to portability and their likely economic impact; and
- A comprehensive analysis of the impact of portability on 10 representative Florida Counties.
Florida Association of Realtors website
Burroughs Home Study, November 2005. (66 pages)
This is a summary report of an economic benchmarking study of the
Burroughs Home in Fort Myers, Florida. The primary elements of the study were:
- Economic Benchmark Analysis;
- Comparative Benchmark Analysis;
- Key Informants Interviews; and
- Community Economic Impact
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