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Fort Myers Economical Development - Research Paper Example

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Fort Myers Economical Development Name: Institution: Course: Professor: Date: Abstract The research is about economic development in Fort Myer. Fort Myer has many business opportunities and utilizes the macroeconomics. The economy of the region has been increasing form year to year…
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Fort Myers Economical Development
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Fort Myers Economical Development

Download file to see previous pages... The city has a lot of business opportunities. In conducting research about business opportunities, one should ask more question in order to come up with an appropriate data. One should ask about the business opportunities arising in the city, the demand of infrastructures available and whether the city encourages foreign investors. Being one of the major cities in Lee County, it has many infrastructures, which ensure business opportunities to both local and foreign investors. Many people from different regions of the world have invested in the area. The city is a centre of tourism attraction. The old historical building and museum attracts million of people yearly. It is estimated that over two million people visit the museum yearly. The river in the city ensures enough supply of water and also serves as a transport base. The city has many industries, which work to ensure the progress of Lee County. Tax collected from the industries assist in development of new business. Currently, the industries, which exist include tourism, transportation, security, information technology, communication and fishing among others. The industries are operated by both government and private individuals. The government takes care of the business opportunity and ensures consumer protection. Each industry operates in respect of government rules. Tourism industry in the region has promoted other industries. Transport and communication have been in high demand due to transportation of the tourist and other business investors visiting the region. Security industry also has been in demand because the investor requires security to prevent loss. The government protects the old buildings; because they serve has tourism attractors. Demolition of these buildings can lead to decrease of business opportunities because tourism has promoted many industries in business and destruction of tourism attractors means that many industries will collapse. Fort Myers contributed to about a third of the Lee Country economy through the collection of taxes from business in the region. Other industries in the regions include education and health. Those industries are operated by the government and private individuals. Education sector has good chances of business growth. Private universities and school in the region earn business owners good income. The health industry also favors private business people. The estimate shows that about five thousand people visit the hospital each day. Establishment of a private hospital can earn the owner good income (Turner, 2009). People should invest in the city in order to notice the opportunities because the business needs trial. This study is significant to many people. It will help investors in the city, people willing to invest, the government and tourism agents. It will also help private investors in other regions. The study is also significant to students in the business department. The study has a lot of benefits to certain groups of people. First, it will help business investors because they will be able to know which industry to start a new business (Smoot, 2007). It will also help the government to know the areas to improve, and the industries which they should take care for to avoid collapsing. The people visiting the city will have knowledge about the things involved in the city and it can serve as a tour guide. Finally, the study will serve as an academic source. Student in the department of business and others related department will use ...Download file to see next pagesRead More
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