Florida Accolades

Get a quick snapshot of Florida’s top accolades in our Infographic Overview.

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 19,893,297, 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)