Breaking will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

KISSIMMEE, FL-Tourism and the services sector are spurring Osceola County’s growth these days, factors sound enough to give the largely agricultural area a AA credit rating from Standard & Poor’s Rating Services. The presence of Walt Disney Co. with its regional staff of 56,000 helped the county achieve its rating.

“The county serves as a gateway to Walt Disney World and other Central Florida attractions,” says S&P analyst Baltazar Juarez. “The stable outlook reflects the expectation of continued good financial performance and position, evidenced in part by the maintenance of healthy reserve levels.”

The rating also reflects “a large and steadily growing tax base with no taxpayer concentration, sound financial operations characterized by adequate reserve levels and a low overall debt position,” according to the S&P analysis.

Historically, the county’s economy was centered around ranching and citrus. “However, with the arrival of the Walt Disney Co. to Central Florida in the early 1970s, Osceola’s economy was transformed into a services-and-tourism-based economy,” Juarez says.

The service sector is now the largest in the county, accounting for 47% of all jobs, according to the S&P report. Local government follows at 15%. Within the county’s metropolitan area, the largest employer is the Osceola County School Board with 4,232 employees.

The county doesn’t have presently have any general obligation bonds outstanding. Osceola has funded its past capital needs with sales tax, gas tax and other revenue-secured debt, according to S&P. Kissimmee, the county’s seat, is 18 miles south of Downtown Orlando. Karl Jacob of S&P’s New York office worked with Juarez on the report.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.