Tech experts: Pandemic stresses need for more diverse local economy

The fact that tourism, Orlando’s No. 1 industry, essentially has come to a standstill during the coronavirus outbreak emphasizes the fact that the region needs to further diversify its economy so a future shock to tourism will have a less severe impact here, say tech experts.  

This is important because tourism supports 41% of the local workforce, according to a study done by Oxford Economics on behalf of Visit Orlando, the region’s tourism association. In fact, Orlando ranked 430th out of 501 U.S. cities in a 2018 economic diversity study by WalletHub. In that study, No. 1 was the most diverse city, meaning the City Beautiful didn’t fare well.