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CFO PATRONIS RELEASES REPORT ON FLORIDA’S ECONOMIC RESILIENCY

5/24/2022

For Immediate Release: Tuesday, May 24, 2022
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842
 
CFO PATRONIS RELEASES REPORT ON FLORIDA’S ECONOMIC RESILIENCY
~Details How Gov. DeSantis’ Anti-Lockdown Policies Strengthened the Fla. Economy~
 
TALLAHASSEE, Fla. – Today, Florida Chief Financial Officer (CFO) Jimmy Patronis issued a report from the Department of Financial Services entitled “Florida’s Economic Resilience,” which outlines how Florida’s economy outpaced the nation as a result of the anti-lockdown policies of Governor Ron DeSantis. 
 
CFO Patronis said, “While we had a sense that Governor DeSantis’ willingness to fight back against lockdowns led to more wealth and opportunities in our state - we’ve now have the data to back it up. Following a detailed analysis by my office, it’s clear that the Governor is to be credited with creating a Florida economy that is more resilient. Even with a pandemic that ravaged global markets, Florida still had certain sectors that never took a hit. In fact, Florida’s economy grew at a 1.25% greater pace than the U.S. economy. This is no coincidence, and I’m proud to make this report available to the public so the rest of the nation can have a roadmap on how to properly manage their economy.”
 
KEY FINDINGS OF FLORIDA’S ECONOMIC RESILIENCE REPORT:
 
•         Even after the global pandemic, Florida’s economy continued to grow and outpace the US economy.
•         Florida’s finance and real estate industries suffered no economic dip due to Covid-19.
•         Florida’s COVID-19 policies allowed Florida’s economy to a make a quick rebound, leading to exceptional growth.
 
Read the full report HERE
 
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About CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).