Earlier this month Seminole County officials and sports leaders attended the groundbreaking ceremony of the new $27 million sports complex under construction in Sanford. Located near the Orlando Sanford International Airport, the new project consists of 15 fields for baseball, softball, soccer, football and lacrosse in an attempt to lure more sporting events to Central Florida and boost the local economy. Expected to be completed by 2016, Seminole County Commission hope that the complex will draw up to 63,000 athletes and spectators a year, and can generate more than $10 million in economic impact annually.
The complex will offer far more than just athletic fields and greens. Additional concessions, support facilities, playgrounds and other amenities have been incorporated into both the design and budget. However, experts have pointed out that the area currently lacks the essential accommodations and outside supporting infrastructure. Analysts have stated that if Seminole County is hoping to draw the expected 60,000 annual attendees to the complex, it will need to encourage new business growth in the areas, specifically in the retail, hospitality, restaurant and entertainment sectors. As such, there is ample opportunity, as well as a real necessity, for Seminole County business owners and entrepreneurs to grow or expand new businesses in the area.
However, new business opportunity also comes with increase risk. Whether you are current Central Florida business owner looking to grow your operation, or an entrepreneur looking to start a new venture, the right risk management strategy and Seminole County business insurance portfolio is vital. At Newman Crane we understand the hard work and dedication it takes to build a business, and the severity of losing those hard earned assets in a lawsuit. That’s why we are committed to providing quality and affordable insurance in Seminole County. For more information about us and the specialty industries we serve, contact us at (407) 859-3691.