NEO City, an ambitious 500 acre master planned advanced mixed-use project located in Kissimmee, Florida. Conceived as a cutting-edge technology hub, this planned community including vacation rental property, residential, commercial and high tech industrial aims to propel the area into a future marked by innovation, job growth, and an elevated quality of life.
Kissimmee, formerly known as Allendale was incorporated in 1883. Long known as a great place for vacation property investments. This relatively low cost town with close proximity to Disney World and Orlando mostly offers service industry jobs which are traditionally lower paid than the tech manufacturing jobs that will be offered in this new development.
The quest of municipal and state governments trying to create sustainable and vibrant ecosystems is nothing new. What has set this project apart was the specificity of their goals that could attract top-tier talent in advanced manufacturing chip fabrication that is not common to Kissimmee or Florida as a whole. Collaborating with public and private stakeholders, the project was initiated to serve as a magnet for technological innovation, becoming a center for research, manufacturing, and software development.
NEO City has been making slow but steady progress since its inception. Infrastructure has been laid down, partnerships have been formed with research universities and business institutions. Major public and private funds have started to flow in. The recent public awakening about US dependency on advanced manufacturing in foreign regions has caused more of an urgency for an increase in domestic production for many of the high tech items that are used in all facets of the US economy. The employment prospects have already started to impact the local community positively, and several key businesses have committed to making NEO City their new home.
When completed NEO City promises significant, long-lasting benefits for the surrounding areas. An increase in high-paying jobs will uplift the community’s standard of living, while also bringing in a highly-skilled workforce. Educational institutions may benefit from research partnerships, thus raising the educational profile of the area.
“The advent of NEO City will undoubtedly act as a catalyst for escalating vacation rental property values in the surrounding areas,” said Rogan LaBier, founder of FL Charm, Inc., a vacation rental property management company that has been in the area for over 20 years. He believes that NEO City is a game-changer for the property landscape in Kissimmee. LaBier added, “Not only does it make the location more desirable due to job prospects and quality of life, but the overall economic upliftment will reflect positively on real estate investment.”
With the meticulous planning and ongoing progress of NEO City, Kissimmee is rapidly transforming into a focal point of technology and innovation. The long-term effects on job growth, education, and property values are promising, indicating that the project will become a cornerstone in the area’s future prosperity.
As tensions rise between China and the US need for advanced chips from Taiwan, projects like NEO City will continue to evolve and perhaps light the path towards independence and job growth. This too will have a positive impact on the greater Kissimmee area, cementing its role as a landmark development for years to come.
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