Economy of Florence, OR

During the latter part of the 20th century and early 21st century, Florence's economy was transformed from based largely on rail and farming into a diversified economy as the major commerce, finance, rail and trucking services, health care, and industrial center of the Eastern Carolinas. There are over 9 foreign affiliated companies and fourteen Fortune 500 companies in the region. The gross domestic product (GDP) of the Florence metropolitan statistical area as of 2009 was $6.8 billion, one of the highest among MSAs in the state.

Milken Institute 2008 Best Performing Cities Index showed the Florence MSA