Christopher Westley likes to call Southwest Florida the “bubble of happiness.”
As the director of the Regional Economic Research Institute and an economics professor at Florida Gulf Coast University, Westley is an astute observer of the economic health of the region. Westley’s institute publishes a treasure trove of local economic data ranging from taxable sales to airport activity, home sales, construction permits and employment.
He calls Southwest Florida the “bubble of happiness” because the region benefits strongly in times of economic expansion. This stands in contrast to many other areas of the country that aren’t so fortunate.
Still, as the most recent downturn revealed, sometimes economic booms are too much of a good thing. Westley recently shared his insights with the Entrepreneurs Society of America, an organization that brings together entrepreneurs in the Fort Myers and Naples areas for informative monthly meetings.
It’s worth your time to read the institute’s monthly report of economic indicators to keep tabs on which way the economic winds are blowing. The institute also publishes the Lee County Business Climate Survey and the Industry Diversification Report. All the reports are published on the institute’s web site.