Here is a look at the Tampa regional economy from March's Moody’s Precis Report (Click here to view the Report). Job growth is sluggish but they predict that recovery will be assisted by positive demographics and favorable industrial structure. Their data and conclusions:

Strong demographic trend shows positive net migration into Tampa.
Lower housing prices are a double edged sword - homes more affordable, but mortgage debt and default are above national average.
Increased consumer spending is lifting retail sales.
Port of Tampa expansion and high speed rail point to long term upside growth.

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