Florida is the 2nd Best State for Business 2012

No. 2 Florida Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 2: Florida

No. 2

Florida

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -5.7
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -5.36

Unemployment

  • Unemployment Rate Dec. 2011 %: 9.90
  • Comparison with Nat’l Rate (8.50%): 1.40

Domestic Migration

  • Domestic Net Migration ’00-’09: 1,154,213
  • Rank: 1

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,155
  • State & Local Gov’t Employees per 10k Residents: 489.48

State-Local Tax Burden

  • Rate (%): 9.25
  • Compared to Nat’l Avg. (9.8%): -0.55
Key Companies
  • Office Depot Inc.
  • NextEra Energy, Inc.
  • Tech Data
  • Carnival Corp.
  • CSX
  • Jabil Circuit
  • World Fuel Services
Development Trend Indicator: Positive
New tax relief—and boosterish Gov. Scott—excite owners and executives.
CEO Comments
“I am a one-woman business. The only things important to me are weather/climate and status of state income taxes. Florida nor Texas have state income taxes, and they have great weather.”

“The Carolinas, Florida, and Texas have become very business friendly, with excellent workforces, high quality of life, and moderate cost of living.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation