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“The City of Oviedo, Florida, was incorporated in 1925 with a population of 800. Early
settlers primarily produced crops of celery and citrus, and the City’s historic function as an agricultural center characterized its initial development patterns. The City of Oviedo’s recent history has been characterized by rapid population growth. In 1980, the City’s population was 3,074, only ten percent (10%) of the 2005 population of 30,799. Between 1980 and 1990, the City’s population increased by two hundred sixty-two percent (262%) to reach 11,114. Between 1990 and 2000, the City’s population increased by one hundred thirty-eight percent (138%) to reach 26,316.1 between 2000 and 2009, it is estimated that the City’s population increased to 33,529, twenty-seven percent (27%).” 1

Have you looked around lately throughout Seminole County, especially Oviedo? There is a
common denominator all across county lines and it is called growth. Growth can be viewed
positively or negatively depending on who you ask, as the old saying; “beauty is in the eye of
the beholder”. If we focus on the economy and opportunities is definitely a good thing, and
represents thousands of new jobs in the area. These jobs are not coming only by big national
chains, but also by the entrepreneurs’ spirit of our people who are identifying more and better
opportunities to establish their business. Oviedo is expanding dramatically, with the expansion
of Oviedo on the Park, and nearby areas forcing also government spending on schools, streets,
and infrastructure boosting the economy to levels never seeing before. As you can see on the
table below, this pattern is not expected to level up until at least 2025 reaching almost 50,000
residents in Oviedo only. It is therefore estimated that 16,039 residential units will be required
to accommodate the projected 2025 population

During the first three months of 2018 the average “unemployment rate in Oviedo as low
as 2.9% vs 4.1% in Florida”3. Now more than ever getting an education and getting prepared to
succeed is key for people’s success. Competition is fierce and with the influx of new residents
to the area will get more and more competitive, lowering the opportunity rate for those lacking
the adequate profile, it will be the new norm for the next years to come.


 By Javier Osorio,MBA, Financial Analyst & Business Professor.

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