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.
Get a quick snapshot of Florida’s top accolades in our Infographic Overview.
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)
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)
Did You Know?
Florida's infrastructure ranks #1 in the U.S.
"I am very excited to be able to open our advanced composite manufacturing center in Okeechobee, Florida. While my other business has manufacturing centers in the Midwest, the support from Governor Scott was instrumental in making the decision to locate in Florida." View Source