In general, local business owners know that the Sunshine State has a low overall tax burden, with no need to pay personal income taxes and a corporate tax rate of only 5.5%. This can be a great advantage for companies just starting out or established businesses looking to move from states with higher taxes. Florida's infrastructure is also an asset that should not be overlooked. The state is home to more than 130 airports for public use and 20 commercial airports, giving it an edge in the aeronautical and aerospace manufacturing and maintenance industries.
What really sets Florida apart from other states is its ideal place to work and live, with good weather, a cost of living below that of other states with similar economic growth and immigration rates, and a population expected to increase by an average of more than 303,000 residents per year. The state of Florida also offers one of the best climates in the U. S., with new remote work policies allowing employees to work where they want. It has some of the best restaurants, cultural attractions, and overall quality of life in the country, not to mention its pristine beaches.
The state managed to reopen its businesses before other large shopping centers while managing the COVID-19 crisis, and its education system has improved tremendously. Investments in infrastructure have created an environment built for the future. The confluence of Florida's smart tax structure, welcoming attitude of public officials, high quality of life, and bright future will likely keep businesses coming to the state for many years to come. The reasons Florida ranks so highly as a good environment for business include its business-friendly policies and optimized regulatory environment.
The state offers incentives to attract all types of businesses, from corporate headquarters to manufacturing plants and service firms. It also continues to attract more venture capitalists and angel investors who support entrepreneurs in launching their businesses. Government officials at both the state and local levels actively engage businesses looking to relocate or current residents considering launching a new business. Home to the nation's third-largest workforce, which is culturally and linguistically diverse, Florida's workforce is also more affordable than other leading high-tech states due to its favorable tax structure and lower business costs.
Starting a moving company is a great way to become a business owner without a large amount of capital investment. When it comes to running a successful business, Florida has a perfect combination of important factors that make it an ideal place for entrepreneurs. These include its low taxes, infrastructure, quality of life, cost of living, remote work policies, education system, business-friendly policies, optimized regulatory environment, venture capitalists and angel investors, diverse workforce, and lack of capital investment needed for certain businesses. All these factors make Florida an attractive option for entrepreneurs looking for the perfect place to start their business.