Editing Lake Worth Beach, Florida (section)

==Economy==

[[File:Lake Worth FL Gulf Stream Hotel01.jpg|thumb|right|The [[Gulf Stream Hotel]]]]
The city has an estimated labor force of 19,978&nbsp;people as of 2019, though 10,357&nbsp;people age 16 or older were not in the labor force.<ref name="selected"/> Lake Worth Beach had a non-seasonally adjusted unemployment rate of 4.2% in September&nbsp;2021.<ref>{{cite news|url=https://data.news-leader.com/unemployment/lake-worth-city-fl/CT1239075000000/2020-november/|title=Unemployment Rate - Lake Worth city, FL (November 2020)|newspaper=[[Springfield News-Leader]]|accessdate=December 13, 2021}}</ref> The largest companies in the city by number of employees include 1,148&nbsp;employees at [[Palm Beach State College]], 307&nbsp;employees with the city government, 269&nbsp;employees at [[Lake Worth Community High School]], 213&nbsp;employees at American Medical Assistance, 150&nbsp;employees at Highland Elementary School, 148&nbsp;employees at [[Publix]], 136&nbsp;employees at Barton Elementary School, 122&nbsp;employees at Supermercados El Bodegon, 94&nbsp;employees at North Grade Elementary School, and 74&nbsp;employees at Lake Worth Middle School.<ref>{{cite report|chapter-url=https://lwbdata.sfo3.cdn.digitaloceanspaces.com/finance/City%20of%20Lake%20Worth%20Beach%20Florida_20%20FS_FINAL.pdf|title=City of Lake Worth Beach, Florida &ndash; Annual Comprehensive Financial Report for the Fiscal Year Ended September 30, 2020|publisher=City of Lake Worth Beach Finance Department|chapter=Statistics Section (unaudited)|accessdate=December 27, 2021}}</ref>{{rp|145}} However, as of 2019, only 6.9% of jobs in Lake Worth Beach were held by city residents, with the most common other residencies being [[West Palm Beach, Florida|West Palm Beach]] (12.4%), [[Boca Raton, Florida|Boca Raton]] (5.3%), [[Palm Springs, Florida|Palm Springs]] (4.9%), [[Boynton Beach, Florida|Boynton Beach]] (4.8%), and [[Delray Beach, Florida|Delray Beach]] (3.7%).<ref>{{cite web|url=https://onthemap.ces.census.gov/|title=Home Destination Analysis|publisher=United States Census Bureau|access-date=December 13, 2021}}</ref> The most common professions among the city's labor force are professional, scientific, management, administrative, and waste management services (20.9%); construction (13.2%); educational services, health care, and social assistance (14.0%); arts, entertainment, and recreation, and accommodation and food services (12.5%); and retail (10.5%).<ref name="selected">{{cite web|url=https://data.census.gov/cedsci/table?q=DP03&g=1600000US1239075&tid=ACSDP5Y2019.DP03|title=Selected Economic Characteristics|publisher=United States Census Bureau|access-date=December 13, 2021}}</ref>

The Lake Worth Beach CRA, established in 1989, seeks to redevelop private and public properties for the sake of community and economic growth. Since 2001, the CRA area has included the entirety of Dixie Highway and areas in the vicinity of 6th Avenue South and 10th Avenue North.<ref>{{cite web|url=https://www.lakeworthcra.org/index.php?option=com_content&view=article&id=185&Itemid=516|title=About the Lake Worth Beach CRA|publisher=Lake Worth Beach Community Redevelopment Agency|accessdate=December 15, 2021}}</ref> The downtown area also saw a resurgence in the late 1990s,<ref name="downtown1998"/> with many art galleries, sidewalk cafés, and night clubs lining its streets.<ref name="DYK"/> LULA Lake Worth Arts lists many of these downtown businesses on its Dynamic Walker's Map.<ref>{{cite web|url=https://www.lakewortharts.com/index.php?option=com_geofactory&view=map&id=1&Itemid=493|title=Dynamic Walker's Map|publisher=LULA Lake Worth Arts|accessdate=December 15, 2021}}</ref>

The [[Gulf Stream Hotel]], which has been closed to the public since 2005, has been proposed for renovation in order to reopen it,<ref name="milian"/> which voters strongly approved by a margin of 81.82% &ndash; 18.18% in March&nbsp;2020.<ref>{{cite news|url=https://www.palmbeachpost.com/story/news/2020/03/10/ballot-measure-seen-as-vital-to-lake-worth-beachs-future/112247244/|title=Ballot measure seen as vital to Lake Worth Beach's future|author=Jorge Millian|date=March 10, 2020|newspaper=The Palm Beach Post|accessdate=January 17, 2022}}</ref><ref>{{cite web|url=https://enr.electionsfl.org/PAL/2622/Summary/|title=2020 Presidential Preference Primary and Uniform Municipal Elections|date=March 28, 2020|publisher=Palm Beach County Supervisor of Elections|accessdate=January 17, 2022}}</ref> In June of the following year, the city commission approved a proposal to renovate the hotel and construct a new hotel nearby. Restoration St. Louis agreed to spend at least $100&nbsp;million on both projects, while the city agreed to fund infrastructure improvements around the hotel, with expenditures ranging from $1&nbsp;million to possibly up to $3.6&nbsp;million.<ref name="milian">{{cite news|url=https://www.palmbeachpost.com/story/news/local/lakeworth/2021/06/01/gulfstream-hotel-lake-worth-beach-take-step-toward-re-opening/5239403001/|title=Historic Gulfstream Hotel takes big step closer to re-opening in Lake Worth Beach|author=Jorge Milian|date=June 1, 2021|newspaper=The Palm Beach Post|accessdate=December 15, 2021}}</ref>