In the early summer, we reported how Disney planned on moving employees to Lake Nona, Florida. Even though it seems like a significant number of employees, there is room to move more California employees to Florida.
The Walt Disney Company first announced it was picking up and moving 2,000 employees across the country from California to Lake Nona in July. The migration has already started and Florida is seeing the shift in how fast homes are being purchased in Lake Nona.
According to the Orlando Regional Realtor Association, inventory in Central Florida has dropped by 2,183 homes compared to this time last year. That’s a 38.6 percent decline.
According to the Orlando Business Journal:l
The business cost advantages of Orlando versus Southern California and the overall business climate advantages of Florida versus California are very compelling for Disney.
In a letter to cast members, Imagineers and employees, Disney Parks Experiences and Products Chairman Josh D’Amaro said the project has been in various stages of planning since 2019.
“This new project will create a dynamic environment to support our expanding business — a brand-new regional campus which will be built in the vibrant Lake Nona community of Orlando, Florida,” he added.
D’Amaro also said expanding Disney’s footprint in Florida “makes sense” given the climate, collaborative efforts, and lack of state income tax.
Over a 20-year period, Disney could also get a tax credit of $578 million from the state for the project.
Most employees making the move will be Southern Californa-based DPEP professional roles, corporate roles and other select “enterprise functions,” according to the chairman.
The entire relocation process is slated to occur during an 18-month window to allow employees to prepare for a big change to both their life and their family’s lives.
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