Florence’s first-quarter 2026 economic development report shows the city is leaning into retail expansion, hospitality projects and residential growth.
The city reports more than 2,000 businesses operating in Florence and more than 700 new business applications annually. The population sits at 33,129 with a median household income of $69,112. The city’s unemployment rate was reported at 4.7% in Quarter 1, while the overall market vacancy was 5.7%.
“Our city remains committed to attracting, retaining, and supporting…