Sinkholes in Seminole County, FL | Florida Sinkholes

Seminole County, FL

Seminole County, located in the Central Florida region, was created in 1931 and carved out of the northern portion of Orange County. Historically, the Native American tribe Seminole were the original inhabitants of the county, thus the name given to it. The tribal folks’ name were thought to be from the Spanish word cimarron for “runaway” or wild.”

Seminole was one of the last Florida counties to be created. It encompasses 345 square miles of territory, about 10 percent of which is water, which includes several lakes such as Lake Jesup, Alaqua Lakes and Lake Mary. Notably, Lake Harney and the St Johns River dominate off Seminole’s western border, while Lake Monroe sits on the county’s northern periphery.

Vibrant Economy

Sanford is the county seat and the largest among Seminole’s seven cities. Most of Seminole were once just considered as a bedroom community for folks working in Orlando and its various theme parks. This no longer holds true, however, with the county growing in recent years as the home base of large companies and business organizations.

Many of the pillars that now support Seminole’s economy and local employment include high- tech companies, such as CuraScript, Convergys, Deloitte Consulting, Faro Technologies, and NCR. The local presence of Sears Home Improvement Products, Mitsubishi Hitachi Power Systems America, and American Automobile Association likewise provide dynamic contributions to the county’s growth.

Hospitable Business Climate

Seminole County has laid out a robust framework to draw more of these companies to its fold. It has set aside pre-development business sites and industrial parks to harness the county’s strategic Central Florida location. The progressive local authorities have also set forth a hospitable business climate through lucrative incentives and streamlined business permitting for locators.

In addition, the county has developed a new expressway to further enhance its location advantage alongside the Interstate 4 corridor. An expansion project of the Orlando Sanford International Airport has likewise been undertaken. This project has solidified the airport’s ranking as Florida’s third most active international airport and the 12th most active in the U.S. It has also underscored the standing of Seminole’s foreign trade zone as one of the state’s largest.

Economic Drivers

What’s even more, existing businesses and future locators are not only in close proximity to the lucrative markets and talent pool of the neighboring Orlando metro area. The Seminole market also boasts of a median disposable income that is one of the highest in the region.

Likewise, Seminole’s public schools and institutions of higher education are rated among the tops in the state. This, coupled with the county’s specialized job training programs, ensures a reliable local supply of skilled workforce. The county’s schools include local campuses of the State College of Florida, University of Central Florida, Remington College and Rollins College.

Seminole’s robust economic fundamentals supported by a strong academe, in all, has fostered healthy job growth and rising incomes. In turn, these factors spurred the development of many residential communities that has led to a rich housing stock. This healthy inventory has kept local housing prices relatively more affordable compared to other Florida regions

References:

Seminole County

Businesses Facts in Seminole

Seminole County Services