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Why Choose Florida

Florida's business leaders consider its livability to be one the state's biggest assets. And the moderate climate encourages a healthier, more active lifestyle. Recognized nationally for supporting business expansion, new investment and international trade, Florida makes the ideal place to come, to stay and grow your business.

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Location advantages

Low business costs

  • Low 5.5 percent corporate tax, double weighted for sales.
  • No state-level property tax.
  • No property tax on business inventories.
  • No sales & use tax on goods manufactured or produced in Florida for export outside the state.
  • No sales & use tax on certain boiler fuels.
  • Sales & use tax exemptions on electricity used in the manufacturing process.
  • Sales & use tax exemptions on machinery, equipment and labor used predominantly for research and development. 

Business environment

  • Stable tax structure, expedited permitting, exceptional incentives and increased opportunities for global success.
  • With $744 million in gross domestic product, Florida's economy is ranked as the fourth largest in the Western Hemisphere and 20th in the world.
  • The presence of over 70 licensed foreign and domestic banks and 14 world trade councils has attracted more than 90 countries to locate consular or trade offices in Florida.
  • Twenty Foreign Trade Zones.
  • Florida has established foreign trade and investment offices in Canada, Korea, Japan, Taiwan, Mexico, Venezuela, Colombia, Brazil, Israel, Spain, Germany and the United Kingdom.

Transportation

  • Utilizing an extensive highway and rail system, businesses can easily access all in-state markets and over 60 percent of the U.S. population via overnight shipment.
  • With 14 deepwater ports, all Florida businesses are within 90 miles of a seaport.
  • Access to the second-largest Foreign Trade Zone network in the country, and the only one that offers space transportation through launch facilities at Kennedy Space Center.
  • Twenty major commercial airports.
  • Four interstates, I-95, I-75, I-10, I-4, are major corridors.
  • Economic Development Transportation Fund up to $3 million for public transportation infrastructure improvements for companies expanding or relocating in Florida.

Labor

  • Florida is a "right to work" state, with the nation's third lowest unionization rate in manufacturing at 2.6 percent. 
  • At more than 9.2 million strong, Florida's workforce is the fourth largest in the U.S.  
  • Florida's Quick Response Training program has provided more than 303 new and expanding companies with customized training for more than 100,608 employees since 1993.
  • With a network of 11 public universities, 47 technical institutions and 28 community colleges, no Florida resident is more than 50 miles from an educational institution.
  • Florida universities performed over $1.6 billion in sponsored research in 2008, working closely with business and industry to create cutting-edge technology.

Quality of life

  • Year-round sunshine, fresh air, clean water and an abundance of open space.
  • Multitude of white sand beaches, world-class resorts, over 1,000 golf courses, as well as thousands of lakes, state parks and recreation areas.
  • Some of the oldest historical sites in the country, including St. Augustine, America's oldest city, as well as international festivals, museums, and a myriad of cultural activities that mirror the diversity of the state.
  • Florida is home to three NFL football teams, two NBA basketball teams, two NHL hockey teams and two major-league baseball teams.

Accolades

  • No. 3 Best State for Business by CEO's, Chief Executive magazine, May 2011

 

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