Deltona-Daytona-Ormond MSA in Top 50 Leading Metros for Economic Growth
January 10, 2024
What’s the best indicator that a city or metropolitan area is healthy from an economic perspective? There are plenty of factors and indicators to examine, but arguably the best general measure of health can be boiled down to one magic word: growth. Area Development partnered with Chmura Economics & Analytics in crunching numbers and compiling the data for the Leading Metro Locations study. Indicators used to determine overall rankings included gross domestic product, unemployment rates, what kinds of jobs are growing, how well the needs of employers are matching with what the labor market has to offer, and the activity in such hot sectors as high-tech manufacturing and R&D, and other occupations linked to STEM. The Deltona-Daytona-Ormond MSA (metropolitan statistical area) ranked 36th out of 384 MSAs. In fact, Florida held the top spot for the most attractive locations in 2023 with 16 metros in the top 50. Collectively, the population in those metro areas swelled by 848,527 from the start of the pandemic through 2023. In addition, the Deltona MSA had a high rank in prime workforce and workforce readiness.
