NAVIGATION

July 25, 2016

Top 5 Reasons to Do Business in Florida

1. Business Climate

"Florida is open for business — your business."

- Gov. Rick Scott

Business-Friendly Government

  • Leaders committed to keeping Florida's business climate favorable
  • Periodic reviews of regulations to ease the burdens placed on business
  • One of only 10 states with a right-to-work provision in its constitution


Competitive cost

  • More affordable land, labor and capital than in most comparable states
  • Special incentives for businesses in targeted industries
  • Tax breaks for locating in rural and urban Enterprise Zones or on Brownfield sites


Pro-Business Tax Structure

  • Limited corporate taxes; no personal income tax
  • No property tax on business inventories or goods-in-transit (up to 180 days)
  • Sales and use tax exemptions for specific industries and circumstances


Expedited Permitting

  • Ongoing effort to make permitting processes quicker, less costly, more predictable


Available Resources

  • Access to private capital from venture capital companies and financial institutions
  • Access to public capital through federal and state programs


Entrepreneurial support

  • One-on-one counseling and training via 35 Small Business Development Centers throughout Florida and the National Entrepreneur Center in Orlando
  • Flexible, low-cost space and business services for young companies at dozens of high-tech incubators, accelerators and university-based research parks
  • Assistance in preparing proposals for funding through the U.S. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs
UCF's College of Medicine & Florida Capitol in Tallahassee
Florida's exceptional business climate is the catalyst for new activity, University of Central Florida's College of Medicine (above, left); the Vaccine & Gene Therapy Institute rising in Port St. Lucie (below); regulatory review is under way in Tallahassee. [Photo: Left - UCF College of Medicine; Right - iStockphoto; Bottom - Steve Martine]
Jay Nelson

Tags: Politics & Law, Business Services, Government/Politics & Law, Business Florida

Florida Business News

Florida Trend Video Pick

Taking the kids to Kennedy Space Center
Taking the kids to Kennedy Space Center

Space fans old and young will enjoy the many sides of KSC: The sheer size of the suspended Saturn 5 rocket, the IMax movies, the bus tour, the new Angry Birds exhibit, the rocket garden, climbing through the miniature International Space Center, trying out a re-creation of a shuttle landing -- and much more.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

In his acceptance speech at the RNC, Donald Trump painted a dark picture, portraying the United States as a diminished and even humiliated nation. He said these are times of crisis, and our way of life is threatened. Do you agree with Trump?

  • Yes - completely agree
  • On the fence
  • Don't agree, see things more optimistically

See Results