Florida’s thriving business climate continues to gain the attention of business leaders from all over the world. A large and talented workforce, 0% personal income tax and a streamlined regulatory environment provide a rich landscape for businesses to thrive. But don’t just take our word for it, check out Florida’s latest accolades below.
- 4th largest economy in the U.S. and 18th largest economy in the world (if Florida were a nation). (BEA & IMF)
- Population of 20+ million, 3rd largest in the US (Census Bureau)
- 98.9 million tourists visit each year (VISIT FL)
- More than $153 billion in annual merchandise trade (WISER)
- More than $830 billion in state GDP, the 4th largest in in the US and more than that of Switzerland, Saudi Arabia and Argentina (BEA)
- More than $840 billion in personal income, #1 in the Southeast (BEA)
Florida’s Business-Friendly Climate
- No personal income tax
- #2 best state for business (Chief Executive)
- #4 lowest private sector unionization rate (unionstats.com)
- #3 corporate tax environment (Area Development)
- Top 5 business tax climate (Tax Foundation, U.S. Chamber of Commerce)
- Expedited permitting process and regulatory assistance are available
- Targeted industry incentives including sales and use tax exemptions, and tax credits and refunds for capital investment, R&D, and job creation
Florida’s Modern Infrastructure
- #2 infrastructure (U.S. Chamber Foundation)
- 15 deepwater seaports, 19 commercial service airports, 2 spaceports, 12,000+ miles of highways, nearly 3,000 miles of freight rail track routes (FDOT)
- “Florida has one of the world’s most extensive multimodal transportation systems, including international airports, deepwater shipping ports, extensive highway and rail networks, and multiple hubs.” (Area Development)
- 2 of the world’s busiest airports: MIA, MCO (Airports Council International)
- Florida ranks among the nation’s top 10 states for both inland waterways (#7: 1,540 miles) and port cargo (#7: $ 91.5 million short tons). (American Society of Civil Engineers)
Florida’s Talented Workforce
- 9.7M+ civilian labor force—more than double the population of Ireland. (Bureau of Labor Statistics)
- #1 in innovation (Fast Company)
- #3 workforce size (Bureau of Labor Statistics)
- #4 workforce training (Business Facilities)
- #4 in high-tech employment in the US (TechAmercia)
Florida’s Thriving Companies
- #2 business birthrate (U.S. Chamber of Commerce)
- #3 for high-tech establishments (TechAmerica)
- #4 in women-owned businesses (Census)
- #4 in attracting private equity investment (Private Equity Growth Capital Council)
Source: https://www.enterpriseflorida.com/florida-accolades/