June 11, 2008

Homegrowns stay home

Yesterday, I wrote about the top companies in Orlando. I included links to the Florida Trend rankings of the top 150 publicly held and top 200 privately held companies in Florida. Of those 350 companies, 35 are headquartered in Orange, Osceola or Seminole Counties. (10 percent of the state total seemed low, but after checking population stats from the Bureau of Economic and Business Research at the University of Florida, that's actually a bit higher than the proportionate population for the same area.)

But here's the surprising stat. Of the 35 companies, only 11* are members of the Metro Orlando EDC, less than a third. The Orlando Chamber did slightly better. 15* of the companies on the list are Chamber members, but that's still less than half.

I pass no judgement on any of the companies that don't participate in these groups, nor on the groups themselves. It just seemed like a disappointing stat. As I wrote earlier, maybe our region places too much attention on companies from elsewhere and not enough on our homegrown ones. Am I wrong?

* Based on the published membership rosters of each organization.

1 comment:

Jennifer Wakefield said...

Yes, you are wrong. The local media places more attention on the "sexy" stories like Burnham and less on stories like Adacel, featured today on CNETnews.com. In fact, nearly two-thirds of EDC projects are local expansions, not relocations. The EDC focuses both locally and globally.