#2 Florida


#7 in Taxation and Regulation

#23 in Workforce Quality

#9 in Living Environment

Right to Work?

Regional Profile – Southeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Alabama
7
6
7
8
Florida
1
2
6
5
Georgia
5
4
2
3
Kentucky
8
7
8
7
Louisiana
10
9
9
9
Mississippi
11
10
10
11
North Carolina
2
5
3
1
South Carolina
4
3
5
2
Tennessee
3
1
1
4
Virginia
6
8
4
6
West Virginia
9
11
11
10

Key Industries

Aviation/Aerospace, Cleantech, Corporate Headquarters, Financial & Professional Services, I.T., Lifesciences, Logistics/Distribution, Manufacturing

Key Companies

Carnival

CSX

Jabil Circuit

NextEra Energy

Office Depot

Tech Data

World Fuel Services

Advantages

The Sunshine State cut taxes 50 times over the last five years, and got rid of 4,200 burdensome regulations.

The chambers of commerce for two of South Florida’s biggest business hubs—Miami and Ft. Lauderdale—are considering a merger that could help bridge economic gaps between them and improved business on both sides.

Challenges

Florida’s job growth slowed down in March to 4.9%, below the national rate of 5%.

Florida’s top jobs recruiter, Bill Johnson of Enterprise Florida, stepped down after the legislature turned down his request for an additional $250 million for business incentives.

Key Contacts

Enterprise Florida

Vacant
407-956-5600
800 North Magnolia Avenue, Suite 1100
Orlando, FL 32803

information@enterpriseflorida.com
https://www.enterpriseflorida.com/

CEO Comments

“Florida is making significant investments in public school education and post-secondary colleges and universities. Gov. Scott has been a consistent advocate for business and job growth spurred through reduced regulation and taxes.”

“Conditions for businesses in Florida continue to improve. Statewide actions and investments have been strategic and far ranging. The state has aggressively moved ahead on key issues like re-building ports without waiting on federal support. They have also chipped away at nagging impediments to expansion and investments that were piled on through the years.”

“Florida is an awesome state with a pro-business, pro-jobs governor who really wants to grow your business and get out of the way of your success.”

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No 3: Florida

No. 3

Florida

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 5.50%
  • Highest Personal Income Tax Rate: None
Workforce Quality
  • % with High School diploma or more: 85.2
  • % with Bachelor’s degree or more: 25.8
  • % with Advanced degree or more: 9.0
  • Patents per 100K: 16.06
  • % of Employed Represented by Unions: 6.9
Quality of Life
  • Hopsitals per 10K: 0.114
  • Elementary/Secondary Schools per 1000 people: 0.198
  • Violent Crimes per 100K: 694.76
Key Companies
    Office Depot Inc.
  • NextEra Energy, Inc.
  • Tech Data
  • Carnival Corp.
  • CSX
  • Jabil Circuit
  • World Fuel Services
Other Highlights
  • Florida moved back up to #3 after falling to #6 in 2010 — the Sunshine state was #3 in 2009 as well
  • Florida ranks 40th in state debt per capita with $2104

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education