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Florida is home to the third-largest cluster of insurance and banking companies in the United States.
Florida’s prominent professional services and finance companies offer fintech, banking, insurance, architecture, accounting, marketing, alternative investments, hedge funds, portfolio management, consulting and engineering services, among others. Recognizable institutions in the industry that call Florida home today include the Depository Trust and Clearing Corporation, USAA, Citigroup, BRPH Architects, Navy Federal Credit Union, Blackstone, and Ernst & Young. The state’s 5.5% corporate tax rate and strong, stable economy also make it an attractive location for your business to minimize expenses and maximize your competitive edge.
Florida boasts one of the largest finance and insurance clusters in the United States, and more than 900,000 professionals work in the state’s finance, insurance and professional services industries. There are 27,367 Florida residents with a Series 7 Financial Industry Regulatory Authority (FINRA) license, 34,917 Floridians with a Series 63 FINRA license and an additional 21,692 residents have obtained Series 65 & 66 FINRA licenses.
Florida’s strategic geographic location makes it a great place to do business. With the state’s proximity to Latin America, it has emerged as a leading U.S. center for international finance and trade, attracting the offices of the world’s largest foreign and domestic banks. There are 15 global banks with U.S. headquarters located throughout the state. Florida also offers one of the most extensive multi-modal transportation systems in the world, as well as unparalleled global connectivity for its financial and professional services institutions through state-of-the-art connectivity supported by 61,000+ total fiber miles, 47,000+ fiber-connected buildings and 275 data center locations.
Florida has a strong economy, a 5.5% corporate tax rate and zero personal state income tax. Florida’s 135,000+ financial and professional services firms and 900,000+ workers in the industries prosper from its favorable tax climate and business-friendly legislation year-after-year.