NAVIGATION

Why is Florida the right choice for business?

Everyone likes to associate with a winner. So it should come as no surprise to learn that, with every passing year, more and more companies choose Florida for relocation and expansion. Why? Because few states can match Florida’s competitive assets: a business climate that encourages innovation and success, unequaled market opportunity, a highly skilled and diverse workforce, a top-ranked infrastructure providing ready access to both domestic and international markets and a quality of life that is envied by all.

Choosing the right location to launch or grow a business is neither easy nor quick. But as you weigh the options of possible locations, you can be assured that the companies that have found success in the Sunshine State once wrestled with your same concerns. They settled in Florida for reasons specific to their company cultures and to marketplace demands. Read on to learn why this state was their winning choice, then take the necessary actions to make Florida your winning choice too.

TARGETED INDUSTRY SECTORS

Aiming to Succeed

Forward-thinking companies in key sectors shoot straight to Florida because the state offers exactly what they want: the perfect site selection, the elimination of red tape and the ability to become operational quickly. These resources helped Florida earn recognition as the second best state in the nation for business, according to Chief Executive magazine’s 2015 “Best and Worst States for Business” survey. Companies across the state are benefiting from Florida’s pro-business climate. Since December 2010, those companies have created more than 900,000 private-sector jobs in Florida. The following pages highlight statewide growth in nine of the state’s targeted industry sectors.

Aiming to Succeed

FLORIDA'S REGIONS

Finding Your Place

Florida is an eclectic mix of eight economic development regions, at least one of which is right for your business. From Miami up to Jacksonville and from Pensacola down to Naples, this state offers a unique blend of cutting-edge innovation and kickback style. No matter where you choose to settle, rest assured that you will be no more than 50 miles from an institution of postsecondary learning or 90 miles from a deep water port. And, oh by the way, there’s a golf course, theme park or sandy beach just an easy drive away too.

The Regions

Interactive map:
Click a region for key statistics and a link to the full report.
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FLORIDA AT A GLANCE

Population 19.9 million
3rd largest in the U.S.

Labor Force 9.6 million
4th largest in the U.S.

Gross Domestic Product $839.9 billion
3rd largest in the U.S.

Total Personal Income $848.4 billion
4th highest in the U.S.

Per Capita Personal Income $42,645
1st in the Southeast

Households 7,839,517

Household EBI $39,607

Total Retail Sales $314 billion

nw nc ne tb ec sc se sw

FLORIDA AT A GLANCE

Population 19.9 million
3rd largest in the U.S.

Labor Force 9.6 million
4th largest in the U.S.

Gross Domestic Product $839.9 billion
3rd largest in the U.S.

Total Personal Income $848.4 billion
4th highest in the U.S.

Per Capita Personal Income $42,645
1st in the Southeast

Households 7,839,517

Household EBI $39,607

Total Retail Sales $314 billion

Northwest
North Central
Northeast
Tampa Bay
East Central
Southwest
South Central
Southeast
Northwest

Airports
• Bob Sikes
• Destin-Fort Walton Beach
• Northwest Florida Beaches International
• Pensacola International
• Tallahassee Regional

Seaports
• Port of Panama City
• Port of Pensacola
• Port of Port St. Joe

Northwest
click for full report

Key Demographics

Population 1,430,412
Labor Force 666,948
Households 558,507
Household EBI $41,564
Total Retail Sales $23.18 bil.

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

North Central

North Central
click for full report

Key Demographics

Population 885,818
Labor Force 380,102
Households 351,755
Household EBI $33,754
Total Retail Sales $12.59 bil.

Airports
• Gainesville Regional
• Ocala International

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

Northeast

Northeast
click for full report

Key Demographics

Population 1,593,678
Labor Force 790,894
Households 624,084
Household EBI $41,691
Total Retail Sales $23.86 bil.

Airports
• Flagler County
• Jacksonville International

Seaports
• Port of Fernandina
• Port of Jacksonville

Spaceports
• Cecil Spaceport

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

Tampa Bay
Tampa Bay

Tampa Bay
click for full report

Key Demographics

Population 4,438,305
Labor Force 2,109,514
Households 1,831,703
Household EBI $39,011
Total Retail Sales $65.77 bil.

Airports
• St. Petersburg-Clearwater International
• Sarasota Bradenton International
• Tampa International

Seaports
• Port Citrus
• Port Manatee
• Port of St. Petersburg
• Port Tampa Bay

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

East Central

East Central
click for full report

Key Demographics

Population 3,500,184
Labor Force 1,739,642
Households 1,371,704
Household EBI $38,953
Total Retail Sales $56.38 bil.

Airports
• Daytona Beach International
• Melbourne International
• Orlando International
• Orlando Sanford International

Seaports
• Port Canaveral

Spaceports
• Cape Canaveral Spaceport

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

Southwest
Southwest

Southwest
click for full report

Key Demographics

Population 1,196,764
Labor Force 539,931
Households 505,943
Household EBI $41,064
Total Retail Sales $17.79 bil.

Airports
• Naples Municipal
• Punta Gorda
• Southwest Florida International

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

Southwest
South Central

South Central
click for full report

Key Demographics

Population 252,006
Labor Force 100,135
Households 92,401
Household EBI $31,398
Total Retail Sales $3.24 bil.

Airports
• Sebring Regional

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

Northwest

Southeast
click for full report

Key Demographics

Population 6,591,130
Labor Force 3,310,378
Households 2,503,420
Household EBI $42,477
Total Retail Sales $111.01 bil.

Airports
• Florida Keys Marathon
• Fort Lauderdale-Hollywood International
• Key West International
• Miami International
• Palm Beach International

Seaports
• Port Everglades
• Port of Fort Pierce
• Port of Key West
• PortMiami
• Port of Palm Beach

Sources: US Census Bureau, 2014; Labor Market Statistics Center, Florida Department of Economic Opportunity 2014; Nielsen, 2015.
Household EBI = median effective buying/disposable income

Business Florida Digital Edition

Business Florida
2015 Digital Edition

Florida's official business opportunity guide.

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