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Finacal Analysis - Essay Example

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and the sixth biggest metro area in the Southeastern part of the United States. In addition, when these figures totaled up, the Greater Orlando municipal is the 3rd largest metro expanse in the state of Florida. Orlando is ranked fifth among the population sizes in the state, and it is the state’s largest inland municipal area. The geography or layout of the city is mostly wetlands, comprising of many swamps and lakes such as Lake Apopka (Loschiavo, 2012). The landscape is generally flat and low lying making it fairly wet. The city seats on 101 sq miles (261.6 km?) land terrain. The city has the biggest population of Puerto Ricans within its states, Florida. Orlando houses the fastest growing Puerto Rican community in the United States. From 1980 to 2010, Hispanic populace share rose by nearly 20% from 4.1 to 25.4%. Orlando also has the largest growing Caribbean populace in the U.S. In 2000, the area’s population became more open with 22.0% below the age of 18, 10.7% from 18 years to 24 years, and 55.9% from 25 years to 64 years and 11.3% who were 65 years of age and above (U.S. Department of Commerce, 2013). In the past, the unemployment rate in Greater Orlando region was deprived, which resulted in population growth that brought about urban sprawl in the neighboring area and, in together with the U.S. housing bubble, a huge increase in house prices. Orlando's joblessness rate in June 2010 was 11.1%, a 0.3% drop from April the same year. However, the unemployment rate was roughly 10% in the same time of year back in 2009 (Diana, 2012). As of June 2012, Orlando’s jobless rate was 8.6%. Home prices in the Greater Orlando region increased to 40.1% in one fiscal year, from a medium of $182,300 in June 2004 to $249,900 in June 2005, and finally peaked at $264,436 in June 2007. After that, with the financial crisis, prices plunged, with the medium dropping below $200,000 in November 2008, at one time falling at a yearly rate of 42.02%. The medium dropped below $100,000, in 2010, but later stabilised to $110,000, in 2011. As of April 2012, the median housing price was $116,000. High or secondary school graduates or higher in the city of Orlando fall at 86.7% People with a Bachelor's degree or higher, on the other hand, in the city of Orlando fall at 31.9%. This numbers act as a proof of how the city highly regards education. As of October 2011, Orlando area had an enrollment of almost 175,000 students in public schools, which made the city the 12th largest with regards to public school enrollment in the United States (Loschiavo, 2012). According to rankings by various studies dealing with criminal activities among major towns, which use the most up-to-date, as well as wholly vetted data with total national coverage that is attainable, Orlando is ranked 67th among the list of top 100 most unsafe municipal centers in the United States. Orlando is identified around the globe for its major entertainment attractions, particularly Walt Disney World, the film studios and Epcot. Representing a 4.7% growth from the earlier year, almost 45 million conventioneers and tourists visited Orlando in 2010, pumping almost $24.9 billion into the city’s economy. Major employers in the region include the aviation industry, the military service and the public schools. Orlando is governed and administered through the mayor-council system. The mayor is chosen from a citywide vote. The six members of the ...Show more
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Financial Analysis Name: Institution: Financial Analysis Socioeconomic and Political Factors Orlando is the name of a city located in the central expanse of the Florida state in the United States (Diana, 2012). It is also the center of the Greater Orlando municipal area, as well as the county seat of Orange County (Loschiavo, 2012)…
Finacal Analysis
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