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CEOs Love Lakeland, But Here’s Why They Won’t Move Here

Jan 10, 2018 | Business

The Lakeland Economic Development Council often conducts surveys and studies about the Lakeland business environment. In a recent partnership with Emily Rogers Consulting, we learned some very encouraging facts from local leadership. However, there is one key challenge we need to overcome together.

 

LAKELAND CEOs EXPECT GROWTH

The following information is provided by Emily Rogers Consulting. A big thanks to the work her firm and the LEDC has done for the community. 

“56% of CEOs report that 1 to 5 members of their executive leadership team will retire over the next three years. Yet, only 44% have a formal succession plan.

 

64% report they will need to fill up to 5 mid-level manager positions over the next three years, yet only 47% are developing a mid-level ‘leadership bench.’

 

70% face challenges developing leadership readiness to support a succession plan, yet many don’t provide feedback, executive coaching, and mentoring.

 

LEADERSHIP IS HESITANT TO MOVE

Many leaders of these companies actually live outside of Lakeland, and commute from the Tampa or Orlando area. Why? The #1 reason they choose not to move here is the school system. It’s no secret that Polk County ranks far below the national average when it comes to education.

When thinking about raising a family in the area, many people are hesitant to enroll their children in the public school system. This can, and will change. With your support, we can slowly but surely improve the local education environment. By participating in public forms, petitioning school leadership, and supporting teachers, Lakeland can become a competitive place for children to thrive.

 

DISCUSSION

How can we improve our school system? What changes need to be made over time, and what has your personal experience been?

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