Downtown Orlando is the heart of Central Florida's diverse emerging economy. It is the hub for finance, government, and commerce. Under the leadership of Mayor Dyer, the City serves these industries by creating a business and quality of life environment that supports the various industries in the Downtown core and the entire region. Downtown Orlando will continue to create, retain, and attract high-wage and high-value jobs that grow the economy.
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Downtown Orlando is the ideal location for corporate and division headquarters. More than 74,000 professionals boost Downtown Orlando on a daily basis. Downtown Orlando also boasts 11 million square feet of office space in the urban core. It is the dominant Class A office supply in the Central Florida region. The cluster of professional services, large labor force, and proximity to government services are key contributors to the presence of major corporations in the community. Major City Of Orlando employers include the following:
- Bank of America Corporation
- Bright House Networks
- CNL Financial Group
- Coca-Cola Bottling Company
- Darden Restaurants Inc.
- Florida Hospital
- HD Supply Inc.
- Jet Blue
- Mears Transportation Group
- Oracle Corporation
- Orlando Health
- Orlando Sentinel Communications
- Red Lobster
- SunTrust Banks, Inc.
- Tupperware Corporation
- Universal Orlando Resort
- Wells Fargo
Through substantial economic development efforts, under the vision of Mayor Dyer, Downtown Orlando's reputation as a strong commercial center will be expanded and solidified.
Downtown Orlando like other downtowns serves its role as the home for traditional business services. Law firms, financial institutions, and other professional services are abundant in Downtown. Several prominent professional services include the following:
- Legal Representation
- Tenant Representation
- Facilities Management, Maintenance
- Real Estate and Engineering Services
- Property Management
- Delivery Services
Orlando is one of the 12 largest digital media clusters in the nation thanks to the region's entertainment and military sectors. Orlando has a $9 billion digital media industry and Downtown Orlando will continue to serve as a hub for technological innovation. Companies like IDEAS and 360 ED deliver cutting edge technology and are magnets for growth. Downtown Orlando is home to UCF'S FLORIDA INTERACTIVE ENTERTAINMENT ACADEMY, a graduate-level game development degree program.
The City of Orlando's efforts to cultivate this industry is represented by the future project known as Creative Village, a major economic development initiative to redevelop approximately 68 acres of Downtown land into a thriving mixed-use development anchored by the digital media industry.
Downtown Orlando has grown by leaps and bounds. One of many efforts underway is the re-establishment of the area as a major retail & entertainment destination and the continued work to sustain and grow existing businesses. Because tourism is the state's leading industry, there are several opportunities to increase Downtown Orlando's market share. Of note, the Community Venues plan is the largest public building project in Central Florida history. The project is comprised of a new Performing Arts Center, Amway Center, and renovated Orlando Citrus Bowl. These major attractions are projected to generate $10 billion in economic output and support 7,500 jobs annually. Additionally, a 28,000-seat, $155 million Major League Soccer Stadium is currently in-progress.
Expansion and growth of the biomedical technology industry is a major initiative of the City of Orlando. The area is home to leading research institutions and private companies driving innovation. Additionally, Downtown Orlando is flanked by leading hospitals—Orlando Health and Florida Hospital. Although the Lake Nona area of the City will serve as the primary hub for future biomedical development within the City, Downtown Orlando supports this industry sector by providing access to a range of support businesses.