The industry of Davenport in Polk County, Florida.
The city of Davenport has only around 1300 employees, but its explosive job growth will be sure to double or triple its workforce in the coming years. Job growth in the next year is expected to grow by 36% in Davenport. The largest sector of industry and employment in Davenport is accommodation and food service at 18.2%, most of which are restaurants located along US 27. The accommodation and food source sector are followed by Retail Trade at 16.6%. The growing amount of manufacturing warehouses and distribution centers will soon take over Davenport’s industry and economy. This large industrial center at the corner of US 27 and Deen Still Road is a large contribution to the recent exponential development of Davenport, including the 270,000 square foot Amazon sorting facility, MC05. Some other distributions and large-scale warehouses include Huttig Building Products, CTDI (global engineering, repair, and logistics), Kuehne & Nagel (freight forwarding services), Best Buy Distribution Center, and Exel (freight forwarding services).
With the growth of jobs and developments in the Davenport area, as well as a mix of undeveloped land, the construction industry is one of the largest sectors in the area. In fact, among the number of self-employed people in the Davenport area, the construction industry is the highest amount at 37%. Additionally, the self-employed sector has the second highest median income around $45,000, behind the Federal Government sector.
The percent of the population in poverty in Davenport is currently around 22%, the third highest among its surrounding cities, but is among the lowest for unemployment, around 3%.
The average median household income in Davenport is just over $36,000. The median property value in Davenport is $100,900 and 82% of residents are homeowners.
As Orange County, Fl continues to grow and spread, it can be assumed that soon Davenport will become one of the fastest growing suburbs of the Orlando area.
