Florida’s huge market and pro-business climate help companies reach growth and expansion goals with ease.
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. 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.
Beyond that, Florida offers a cost-efficient alternative to high-tech states with more affordable land, labor and capital than its competitors. 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. Florida’s zero percent personal income tax also makes it easier for you to build the business of your dreams. More money in your pocket today means more flexibility to spend on your business, your family and your future.
With the third largest workforce in the U.S., Florida provides the workers needed to allow your business to succeed. Graduates from the nation’s best high education system provide the skilled talent to help achieve your goals.
For more information on Florida’s workforce, please visit the Florida Insight webpage.
Ranked as the top state in the U.S. in terms of tax policy, Florida is a model for how states can foster advantageous fiscal environments for companies. When businesses succeed, people succeed, and Florida focuses on bettering the lives of everyone within its state by creating a favorable tax climate.
Florida is the #1 U.S. State for new business formation.
(U.S. Census Bureau)
The Sunshine State has one of the best business tax climates in the U.S. according to The Tax Foundation and here are some of the reasons:
0% State personal income tax is guaranteed by constitutional provision.
Florida can help you succeed because, quite simply, Florida succeeds. As one of the U.S. top economies, it has already proven that the Sunshine State knows how to stimulate economic development, and it’s primed to welcome your business into the mix.
Attractive capital investment credits encourage capital-invested industries to set up in Florida, while training incentives provide the possibility to expand the knowledge and skills of future and current employees. Florida encourages growth throughout the state by offering increased incentive awards and lower wage qualification thresholds in its rural counties. The state also offers increased incentive awards and lower wage qualification thresholds for businesses locating in many urban core/inner city areas that are experiencing conditions affecting the economic viability of the community and hampering the self-sufficiency of the residents through urban incentives. Florida’s tax advantages are front and center when creating incentives to move business to Florida.
TAX CREDITS, FUNDING AND GRANTS:
SALES TAX EXEMPTIONS:
Visit the FloridaCommerce webpage to learn more about business resources.
Incentive Wage Requirements As of 1/1/2023