56th Street Infrastructure Assessment

Business and Demographics An estimated 249 businesses are located in the study area that support 3,680 employees, based on 2021 ESRI Business Analyst data. The breakdown of businesses by North American Industry Classification System (NAICS) category are shown in Table 2 . Retail Trade and Wholesale Trade businesses, and Other Services make up the largest percent of total businesses in the study area at 36.1%, and 30.4% of the employees. These trades include the businesses across the study area including supply and food stores, repair and maintenance shops, and other commercial and personal services. The other significant businesses in the area include construction and engineering services, and warehousing and distribution centers. Many of the businesses are accessed by freight and truck, requiring a large footprint for parking lots and rail right-of-way. The United States Census Bureau tool, OnTheMap, was used to identify employee inflow and outflow within the study area based on most recently available data (2019). According to the OnTheMap application, approximately 97% of the labor market (employees in the area or residents in the area) comes from outside of the study area. The remaining labor market includes 3% who leave the study area for work, and less than 1% who live and work in the study area. The 56th Street Redevelopment Area has an estimated population of 397 people and 124 households, based on ESRI 2021 projections. Residential uses are located on the edge of the study area including single-family homes on Orient Road, and multifamily homes on Sligh Avenue and 50th Street. Vulnerable populations in the study area include those 65 years old or older, and households with a median income less than the county average or income less than $25,000. When compared to Hillsborough County as a whole, the study area has a higher percentage of population that is 65 years old or older, a lower median household income, and higher percentage of households with income below $25,000, than that of Hillsborough County. A comparison of socioeconomic statistics for the study area and Hillsborough County is provided in Table 4 .

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