10 Reasons Employers Are Moving to Florida

10 Reasons Employers Are Moving to Florida

 

Businesses Large and Small are Welcome to Florida

As the economy rebounds from the COVID-19 global pandemic, the Florida Chamber of Commerce is encouraging employers to make the move to Florida with its new “Open for Business” campaign. Recent trends show major employers and corporations are considering relocating employees and operations from high-cost states like New York and California to high value locations with a low-cost of living. Florida is a prime location for consideration with its competitive offerings and pro-business, pro-jobs climate.

Constantly ranked one of the best states for business, Florida is committed to keeping regulatory requirements and business taxes low. That, along with a strong economy and zero personal state income tax, makes it a better state to do business.

1. Size of the Economy

17th largest economy in the world. If Florida were a country. We’re growing to the 10th largest.
> The Florida Scorecard

 
2. Growing Population & Economy
More than 4 million residents expected by 2030. Income is moving to Florida with $1.2M in wealth relocating to Florida every hour.
 
3. Top-Quality Education
Florida is ranked among the top 5 states in the nation for its education system, fostering the best talent to prepare Florida’s workforce.
> US News Best States: Florida
 
4. Lower Taxes
Florida has NO state income tax and is ranked 4th in the nation for its business tax climate.
> Florida Tax Advantages

5. Job Creation & Diversity

More than 1 out of every 11 jobs created in the U.S. since 2015 were created in Florida.
> Enterprise Florida Data Center

6. Infrastructure
Florida is a top state for infrastructure thanks to six straight years of $10B in state transportation and infrastructure funding.
> Enterprise Florida: Infrastructure

7. Accesability
Florida is a gateway to emerging markets in the Americas and for international trade moving through the Panama Canal.
> Florida Trade Logistics Institute

 

8. Growing Business is a Priority
Florida is a right to work state with a government committed to regulatory certainty.
Florida Business Climate

9. Fiscal Stability
Unlike New York, Illinois and California, Florida is currently ranked 2nd in the nation for fiscal stability, resulting in a AAA bond rating.
> US News: Best States Florida

 
10. Quality of Life
Florida is known for great weather, recreation and culture while offering an affordable cost of living. Say goodbye to cold winters; Sarasota’s average temperature in January is 71 degrees.
> Florida Quality of Life
 

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