STRONG & GROWING
The Lake Wales Area Chamber of Commerce, the East Polk Committee of 100, the Central Florida Development Council and the City of Lake Wales work together to both meet the needs of new businesses and the expansion of existing businesses. This is a community that plans for the future, and where progress is important to local civic, government and business leaders.
A full range of personal and business banking services is available locally. Residential and commercial development is increasing with support from the banking community. Our financial institutions are committed to the economic development of the Lake Wales area.
A number of investment specialists are here to serve the needs of clients with portfolios of stocks, bonds and mutual funds of every type.
In Lake Wales, the citrus industry plays a crucial role in the local economy and employs many people in its various phases of operation. One fifth of the area's largest employers are involved in citrus. Other local industry leaders include parcel services, manufacturers, department stores, discount stores, medical services, grocery stores, governmental agencies and education.
Construction is underway on the City of Lake Wales 164-acre business park. The Longleaf Business Park located on U.S. Highway 27 South has the potential to expand the city's tax base by $100,000,000 and provide an additional 1,000 higher-paying jobs in manufacturing and technology.
Increased activity in housing, business and industry development is evident throughout the Lake Wales area. New buildings and housing developments are either under construction or nearing completion. In addition, the Main Street program stimulates economic development while maintaining historic integrity. New businesses are attracted to the downtown areas due to the continuing renovation of buildings, to include new street signs, facades, and curb appeal elements such as awnings and antique-style lighting. Lake Wales Main Street, Inc. is involved with city-wide promotions and special events to foster a positive image of the city.
Along with Lake Wales serving as the "hub" of Central Florida due to the location of the city at the intersection of two major transportation routes, Highway 27 and Highway 60, business and industry owners find a labor force with a strong work ethic and considerable civic pride.There is also a large retirement population to enhance the labor pool. A non-union environment leads to cost savings and better labor relations for labor intensive businesses. Couple all these assets with a low cost of living and you have a business-friendly environment in which to start or expand your business.
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