What Are the Business Opportunities in Florida?

Supported by a strong economy, thriving infrastructure, and a world-class workforce, Florida is home to nine key commercial industries. From aviation fintech and MRO groups to semiconductor and medical device manufacturing, Florida-based facilities are some of the most innovative in the world. As a national leader and advocate for aviation travel and aerospace research, the state is constantly growing for those interested in business opportunities. With a population of 22,040,323 people, according to the report, Florida offers a large market for new businesses.

Starting an insurance franchise business is a great way to achieve your dream of owning a business while gaining the guidance and support of an experienced franchisor. Microbreweries are closely following the restaurant industry in terms of growth, with the number of craft breweries in the state increasing by 700 percent according to the Orlando Business Journal. Florida is a popular vacation destination for nearly 100 million Americans each year, and with 21.3 percent of Floridians age 65 or older, launching a small business to meet their needs could be highly profitable. The Florida Department of Business and Professional Services reports that the state has 455,377 hotel and motel rooms (as of May 2020).

In addition, 6.6 million people rented their homes to visitors on vacation in Florida. This alone is reason enough why starting a cleaning business in Florida is a good idea. Are you passionate about delicious food? If so, why not start your own food truck? Owning a food truck is a great way to fulfill your dream of becoming a professional chef without the cost of paying restaurant rent. Since the housing market is booming in Florida, owning a food truck can save you money in the long run in business expenses.

In addition, this type of business also gives you the flexibility to travel across the state and beyond. It's really small businesses and local people who work hard every day to ensure that not only is Florida's economy always going in the right direction, but that everyone who benefits from it can live and thrive here. Tourism is also a huge part of Florida's economy, including hotels, excursions, museums, and souvenir shops. Manufacturing is an important part of Florida's economy as well, with the market constantly expanding and offering opportunities for employees looking for work or a career boost as well as startups looking to enter the manufacturing business. At the Hardee County Economic Development Council, we believe that anyone who wants to start or manage a small business and grow it as much as they can here in Florida should have that opportunity.

In addition, Florida is one of the leading producers of citrus-based products such as oils and preserves derived from oranges. According to the National Oceanic and Atmospheric Administration, Florida has suffered more losses due to catastrophic events than any other state in the U. S.One might be surprised to learn that Florida is actually one of the highest-ranked states in terms of aviation and aerospace. People use that phrase to suggest that someone they are talking to is gullible; it's based on real experiences of unfortunate buyers in Florida who found themselves loaded with land that was too swampy to build on. Now that you know more about Florida's economy, let's take a look at some of the best business opportunities you might want to consider before launching your own small business in the near future.

As the state receives millions of tourists each year, there are thousands of vacation rental properties and hotels available. While there are several major universities in Florida where companies can easily hire high-salaried employees with attractive benefit packages and job advantages such as remote work and paid time off (PTO) policies, they are becoming standard tools for attracting workers. You may not realize it at first glance but Florida is actually one of the largest states in America. Due to its business-friendly climate, it has one of the highest rates of business ownership by large and small companies in the country.