Powering Florida

Although it is known as the Sunshine State, Florida could just as easily be called the business-friendly state. From Florida’s advantageous corporate tax structure and a wide array of incentives designed to spur economic growth to a competitive workforce and outstanding infrastructure, it’s clear that Florida wants your business. Companies, CEOs and consultants from all over the world are taking notice of what Florida has to offer. In fact, our state is the second-fastest growing in terms of job creation in the country.

florida advantage

Large market
  • $839 billion state GDP, #18 in the world (BEA)
  • Population of more than 20 million, #3 in the US (Census Bureau)
  • 19th largest economy in the world (BEA & IMF)
  • 95 million tourists annually (VISIT FL)
  • More than $53 billion in exports (WISER)

florida advantage infrastructure

Modern Infrastructure
  • #2 infrastructure in the U.S. (National Chamber Foundation)
  • #2 transportation infrastructure (Business Facilities)
  • 2 of the world’s busiest airports: MIA, MCO (Airports Council International)
  • 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 advantage civilian

Talented Workforce
  • 9.7 million civilian labor force (BLS)
  • #3 best state for future job growth (Forbes Magazine)
  • #3 diverse workforce (CNBC)
  • #1 in high tech employment in the U.S. (CompTIA CyberStates)
  • More than 5 million speak a foreign language (CIA & U.S. Census Bureau)

advantage-business

Business Climate
  • No personal income tax
  • Ranked #2 best state for business (Chief Executive), #4 best business climate (Business Facilities), and #4 tax climate for business (Tax Foundation)
  • #5 for small business & entrepreneur-friendly policies (Small Business & Entrepreneurship Council)
  • Top 15 in U.S. for entrepreneurial activity (Kauffmann Foundation)
  • #4 in number of women-owned businesses (Census)
  • Expedited permitting process and regulatory assistance available
  • Targeted industry incentives including sales and use tax exemptions, and tax credits and refunds for capital investment, R&D, and job creation

Information provided by Enterprise Florida, Inc.