August 27, 2014

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

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Mounted police begin patrols of Pinellas Trail
Mounted police begin patrols of Pinellas Trail

Pinellas Trail users have a new safety feature that's likely to bring a smile to their faces: Police on horseback. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Were you satisfied with the results of Tuesday's primary? (comments welcome!)

  • Yes
  • No

See Results

Ballot Box
Subscribe