Florida's large economy is one of the success drivers for businesses that choose to locate in the state. With its large market, expanding talent pool, and supportive government, Florida offers companies the right conditions for long-term success.
Over the past seven decades, through periods of both growth and contraction, Florida has remained one of the nation’s most attractive places to do business. Here are just a few of the reasons it is a great place to do business:
Competitive Cost of Doing 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, New York, or Texas.
For businesses in certain targeted industries, the state offers additional incentives. Businesses looking for workforce training, road infrastructure or specialized locations may also qualify for specific incentive programs.
Expedited Permitting
Florida understands that businesses need certainty, predictability and efficiency in government regulations. The state's regulatory agencies and local governments provide quick, low cost and predictable permitting processes for significant economic development projects without reducing environmental standards.
Workforce Talent
Florida’s workforce includes a skilled labor pool. Florida's large, talented and culturally diverse workforce can exceed the expectations of even the most demanding employers.
Florida meets the demand for skilled labor with many training programs designed for the needs of the state’s leading industries. Customized programs and incentives provide skilled labor to employers in less time and at lower costs.
Florida's workforce was recently ranked No. 1 in the nation on CNBC's America’s Top States for Business.
Global Gateway
Florida offers a unique combination of strategic geographic location, state-of-the-art infrastructure, multilingual workforce, and a concentration of corporate and financial resources.
All of these factors combine to make Florida a leader in international trade and foreign direct investment. From Florida, companies can do business globally with great ease, both virtually and in the real world.
Quality of Life
Florida’s remarkable quality of life is one of the state’s biggest assets. It makes Florida one of the best places to live in the United States, attracting both companies and employees to the state.
Florida’s state and local governments are actively implementing programs to ensure that the state’s housing market remains competitive and affordable for all workers. And with a diverse range of recreational and cultural opportunities, Florida has something for everyone.
For more information about the advantages Florida offers businesses, visit Enterprise Florida, the state's economic development partnership.