EVOLVE News
HERE WE GROW AGAIN :
Florida Population Booms in 2024
Population growth is seen by many as a key to economic growth . If that is indeed the case , then Florida is poised for good times .
The U . S . Census Bureau projected the nation ’ s population stands at more than 341 million as the new year begins , a nearly 1 % increase from a year ago and almost 3 % since the 2020 census . While the growth was primarily driven by rising international migration , a significant driver of the increase came from Florida and its neighboring states in the South .
“ At nearly 132.7 million residents , the South is the most populous region ,” according to a Census Bureau release . “ With a population gain of nearly 1.8 million — a change of 1.4 % between 2023 and 2024 — the South added more people than all other regions combined , making it both the fastest-growing and largest-gaining region in the country .” Florida ’ s share of that increase totaled nearly a half million new residents and trailed only Texas in the region for largest numeric gains in population , according to the Census Bureau . The Sunshine State trailed only the District of Columbia in percent growth at 2 % compared to the District ’ s 2.2 % rate .
In Volusia County , Economic Development Director Lou Paris sees promise in population growth .
“ Florida ’ s rapid growth signals opportunities for Volusia County and the region in general ,” Paris said . “ An influx of new residents brings fresh talent and increased demand for goods , services and infrastructure . This creates a robust environment for economic growth . Local businesses have the chance to thrive as they cater to a growing population , and entrepreneurs and innovators have fertile ground to launch new ventures .”
It can also provide momentum to economic growth across the region , Paris said .
“ This growth also positions the region as a more competitive and attractive destination for larger-scale investments , including infrastructure projects and business relocations ,” he said . “ It strengthens the workforce pool , enhances the tax base , and fosters opportunities for collaboration across industries , especially in the aerospace industry . Ultimately , this momentum helps to elevate the region ’ s profile , creating a brighter future for businesses and residents alike .”
In Volusia , Paris said population growth is one of the foundations of a strong and sustainable economy .
“ Population growth is a vital driver of the county ’ s economy , because it fuels demand of goods and services ,” he said . “ A growing population creates a ripple effect – stimulating virtually every aspect of the economy . Additionally , more residents mean a larger tax base , enabling the county to continue to invest in critical infrastructure , education and public services that improve the quality of life for everyone .”
Paris said the impacts of population growth – increased needs for services from education to transportation and beyond – present challenges as well as opportunities .
“ One of the primary challenges we face with population growth is the increased stress on existing infrastructure , such as roads , schools and utilities , which must expand to meet the needs of a growing population .” he said . “ This makes smart planning and development critical to ensure our growth is balanced and does not outpace the capacity of essential services .”
That population growth can have an impact on
| 6 | EVOLVE MAGAZINE | Evolve-Success . com