You can have peace-of-mind when you locate your business in Florida. The state’s favorable business tax structure, government policies and competitive costs make planning for future growth easy. Florida consistently ranks among the best states for business, thanks to its pro-business state tax policies, competitive cost of doing business and streamlined regulatory environment. The state is proud of its welcoming business climate and competitive advantages.
- Business friendly government – Florida’s government and economic development leaders work together to ensure that the state’s business climate remains favorable to companies of all sizes, including some of the nation’s leading corporations. Florida is working on legislative, fiscal and marketplace initiatives such as insurance tort reform, targeted industry incentives and many more. The state is also one of only a few right-to-work states in the U.S.
- Competitive prices for business – Florida offers a cost-efficient alternative to other competitive high-tech states. Put simply, land, labor, and capital are more affordable in Florida than in California or New York, for example. In addition, for businesses in certain targeted industries or specialized locations, the state offers additional financial incentives. Businesses looking for workforce training, road infrastructure or specialized locations, may also qualify for specific incentive programs.
- Tax structure – Businesses thrive in this low-tax environment, and employees enjoy the benefit of no personal income tax due to Florida’s tax advantages, tax exemptions and no state personal income tax.
- Expedited permitting – Florida understands that businesses need certainty, predictability and efficiency in government regulations. The state’s regulatory agencies and local governments provide quicker, less costly and more predictable permitting processes for significant economic development projects without reducing environmental standards.
- Resources – Florida offers growing businesses access to capital from private, state, federal and other sources. The state has implemented capital formation initiatives, such as the Florida Opportunity Fund, and economic gardening programs that help Florida businesses expand by offering specialized services such as market information, leadership development, and business management tools.
- Workforce – Florida’s talented and diverse 9.2 million workers can exceed the expectations of even the most demanding employers. Not surprisingly, Florida’s talent pipeline is consistently top-ranked in the nation by the U.S. Chamber of Commerce. Much credit for the excellent skills of the Florida workforce can be given to the state’s excellent educational institutions and unique workforce training programs.
- Infrastructure – Florida has one of the world’s most extensive multi-modal transportation systems, featuring international airports, deep-water shipping ports, extensive highway and rail networks and multiple hubs that allow for high-speed data transmission from around the U.S. to Europe, Latin America and Africa. Worldwide Connectivity as Florida is connected to the world in every possible way. From strong cultural and trade connections with Latin America to unmatched global reach via its modern ports and airports and its leadership in the budding space travel industry, Florida is a true global hub for business.
- Trade – Florida is host to regional and hemispheric headquarters of companies from all over the world, a vibrant international banking center and a diplomatic hub with a Consular Corps representing some 80 nations. Many international firms base other facilities, such as warehousing, distribution and manufacturing, in Florida to take advantage of its easy access to global markets.
- Innovative R&D – Florida is home to a number of innovative companies and leading universities and research institutes such as Draper Labs, Florida Solar Energy Center, Max Planck, Moffitt, IHMC, Sanford-Burnham, Scripps, SRI and Torrey Pines. About $7 billion invested annually in R&D in Florida.
Want to know more? Read more about facts and figures and FDI in Florida here – http://www.enterpriseflorida.com/
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