Florida businesses enjoy tax advantages and significant investment capital availability from venture capitalists. Florida's cost of living is higher than in some other states, but it's still more affordable than other major economic centers in the country. Florida has no personal income tax, 5.5 percent corporate tax rate, or payroll taxes. That can change the rules of the game for a company that is just starting out or an established company looking to get out of a state with high taxes.
Florida's infrastructure is an asset that cannot be overlooked. The state is home to more than 130 airports for public use and 20 commercial airports. This wealth of airports “has given Florida the advantage we have in the aeronautical and aerospace manufacturing and maintenance industries,” Sowell says. What really sets Florida apart from other states, Sowell says, is that it's “the ideal place to work and live.
In addition to good weather, Florida's cost of living is below that of other states with similar economic growth and immigration rates. State analysts recently reported that Florida's population is expected to increase by an average of more than 303,000 residents per year. Beyond beautiful beaches and tourist destinations, Florida has proven to be an ideal location for a variety of businesses. Think of Florida and think of world-class beaches, Disney World, the Everglades and, of course, alligators, but limiting state descriptors to those few elements is an injustice.
Florida is the third largest state in the country by population and has the fourth largest economy. In fact, its GDP is greater than that of all countries except 16.A diverse and thriving economy and the competitive cost of doing business, along with a world-class workforce and a business-friendly climate, have attracted companies from a wide range of fields. With the third largest labor force in the U.S. UU.
Florida has been ranked the best state in the U.S. In terms of fiscal policy, which makes the state an attractive place to do business. Its lower business taxes and faster, less expensive and more predictable permitting processes attract businesses looking to call Florida home. Businesses are also attracted by the state's affordable land and lower labor and capital costs.
The state also makes it easier to achieve work-life balance, something that drives many workers after the pandemic. In addition to its welcoming business climate, residents and visitors know that Florida's quality of life is hard to match. Palm-fringed beaches with powdery white sand, a wide variety of recreational activities, diverse culture, theaters, museums and an affordable cost of living are just some of the reasons that make the Sunshine State attractive to so many people and businesses alike. A large pool of qualified professionals, a welcoming quality of life and one of the most competitive tax climates in the United States make Greater Fort Lauderdale one of the most attractive places of business in the world.
The Fort Lauderdale metropolitan area (Broward Metropolitan County) is home to more than 200 regional corporate and international headquarters, including AutoNation, Chewy, Citrix, El Al Airways, Hotwire Communications, JetBlue Travel Products, Kaplan Inc. It is the geographical and business center of South Florida, whose population of 6.1 million makes it the largest metropolitan region in the southeastern U.S. Companies, both those based in the U.S. And internationally, we appreciate the strategic location of the Fort Lauderdale metropolitan area and convenient access to global markets, a multilingual and multicultural professional workforce, and numerous workforce education and training programs.
Aviation, technology, business, financial and professional services, life sciences, manufacturing and other knowledge-based businesses benefit from the region's large and growing pool of college-educated skilled workers. Other advantages include easy access to domestic and international markets with three international airports, including convenient service to Latin America, the Caribbean and Europe, and high-level public and private schools, colleges and universities. The area also has attractive homes and condos for singles, couples and families, as well as an unsurpassed lifestyle. There have been several business expansions and relocations lately.
American Queen Voyages, an operator of overnight cruises on North American rivers and lakes, moved its headquarters from Indiana to Fort Lauderdale and added 100 new jobs. DNA Labs International adds 40 new jobs and occupies 50,000 square feet of space in Deerfield Beach. El Al, Israel's national airline, announced that it will move its headquarters in America, currently located in New York City and Long Island, NY, to the city of Margate. Future Tech Enterprise located its new executive headquarters in downtown Fort Lauderdale.
This operation is used for a variety of functions, including administrative, customer engagement, executive meetings, marketing, sales, and technical support. Pasco County has industrial sites available for development with strong employment incentive programs in place. Pasco EDC Ready Sites program evaluates and evaluates large tracts of land for industrial development. These sites are located throughout the county and have access to industrial quality utilities.
What do Sansone Group, Tambone Companies, Hope Commercial Holdings, JBL Asset Management, Silverman Group, Seefried Industrial Properties, Stonemont Financial Group and others have in common? Everyone is developing industrial facilities in St. Located midway between Miami and Orlando, a three-hour drive from 70% of Florida's population, St. Lucie County offers by far the lowest industrial land cost in Southeast Florida, unparalleled speed to market, and eight commercial parks with 5.8 million square feet of speculative industrial facility space. Sites have excellent access to Interstate 95 and the Florida Turnpike, as well as rail, sea and air transit options.
Lucie County is Florida's northernmost point, where I-95 and the toll road meet. The entire county is a designated foreign trade zone. The county and its two cities, Fort Pierce and Port St. Lucie (Florida's seventh largest city), provides exceptional speed to market.
For example, an expansion of 106,000 square feet with environmental considerations was approved in 41 days, and 1.1 million square feet of new construction was approved in 89 days. Strong professional and technical training programs are offered by St. Lucie Public Schools and Indian River State College (IRSC). In addition to degree programs, the IRSC offers short-term, in-demand professional certifications.
With a 98% high school graduation rate and more than 35 technical and career education programs, St. Lucie youth who don't go to college have many options to prepare for successful careers in specific industries. Lucie County is in a spectacular setting with enviable natural resources, 21 miles of coastline and pristine beaches, more than 20,000 acres of parks and reserves, and miles of waterways. A great place to start, the best place to stay.
Hernando County, in the vibrant Tampa Bay region, welcomes you with the perfect mix of business and lifestyle opportunities. Availability, affordability, accessibility and community, that's what the region is all about. The Technology Center is a premier commercial location and the epicenter of Hernando County's economic development. The 2,400-acre BKV master-planned campus features features including available manufacturing buildings, more than 1,000 acres of land for development, sites with direct access for aircraft movement and parking, and a 285-acre Duke Energy Ready Site plot with infrastructure implemented.
With access to more than 300,000 workers in 30 minutes by car, a technical high school and the Wilton Simpson Technical College nearby, you can see why BKV is home to successful companies such as Airdyne Aerospace, Pem-Air Turbine Engine Services, American Aviation Flight Academy, AccuformNMC, Barrette Outdoor Living and Micro-Matic USA, by name just a few. Hernando County, a business-friendly community, is committed to the growth of. The County has invested in the BKV Technology Center by providing infrastructure-ready sites for business expansion needs. Roads, water, and sewer are available throughout the park; drainage and water retention are masterfully planned, allowing for significant construction savings.
The combination of State of Florida incentives, workforce training programs, and an accelerated permit and inspection (EPIC) certification program makes Hernando County the ideal place for businesses to thrive. Building the pipeline for future workforce needs is a top priority in Hernando County and throughout the. County relationships with the local school system and post-secondary institutions help influence curriculum and workforce training programs to fit your specific business requirements. Partnerships with Wilton Simpson Technical College, Pasco-Hernando State College, St.
Leo University, University of South Florida, University of Florida and University of Central Florida, along with a strong technical high school, ensure access to any business experience you may need, as well as a pool of well-trained and motivated employees. Hernando County is also known as Florida's Adventure Coast, thanks to the abundance of coastal and other outdoor recreational activities. In the Gulf of Mexico, the coast of Hernando County will draw you to some of the best spots for fishing, scalloping and sailing in shallow waters of west-central Florida. Inland, enjoy playing championship golf courses and kayaking on an array of waterways.
The Tampa and Orlando metropolitan markets are just a short drive away so Hernando County residents can easily access a variety of professional sports venues, concert venues and fine art, as well as some of the best beaches in the U.S. Residents enjoy the comforts of a big city while living in an active suburban community, where the cost of living is the lowest in the seven-county Tampa Bay region. Hernando is the most affordable county in the Tampa Bay region and offers lifestyle options, from the coast to the country club, ranches and historic homes. These services, combined with business-friendly government, available land, and a well-trained workforce, make Hernando County a natural choice for relocating and expanding your business.
Nestled along the picturesque Indian River Lagoon on Florida's east-central coast, the city of Titusville is a full-service community that offers its nearly 50,000 residents a wide range of public services and amenities. The “Space Coast,” named after the impressive launches starting from NASA's Kennedy Space Center, covers more than 72 miles of coastline and 16 municipalities, including Titusville in Brevard County. Across the state, business owners contemplating the location or expansion of the Sunshine State will find that Florida's business climate is very similar to its climate, quite favorable. Some of the advantages prospective entrepreneurs can expect include few obstacles to establishing themselves, thanks to simplified and minimal trade regulations, along with a very business-friendly and cost-competitive tax structure.
Since most startups are S corporations, limited liability companies, corporations, or sole proprietorships, they will not incur state income taxes or impose state income taxes on individuals. The state's talent portfolio is consistently ranked among the best in the country due, in part, to 12 public universities, six prestigious medical schools and numerous private higher education institutions. In Titusville, new employees are often recruited from the nearby Florida Institute of Technology, Embry-Riddle Aeronautical University and the University of Central Florida. While a wide supply of pre-existing housing is available, Titusville continues to add single-family and multi-family residential units.
The start of housing is a useful indicator of community viability and vitality when determining the locations of new retail and retail locations. In a word, Titusville is resilient. Not only has it survived the cessation of two U. Space programs, but, thanks to strong elected leaders and dedicated managers, the city has managed to emerge stronger and able to reach new heights every time.
The Elevate Lake Office is committed to serving its businesses in Lake County, Florida. Conveniently located in Central Florida, Lake County businesses have access to highways, seaports, airports, railroads and an incredible quality of life. Lake County prides itself on providing an exceptional quality of life for its residents. With more than 1,000 lakes, beautiful rolling terrain leading to the highest point of the Florida Peninsula, and more than 1,100 square miles, Lake County offers its residents a “true Florida”.
Real closure. lifestyle that also makes the county an attractive destination for tourists, as well as the best and brightest talent in the workforce. There are more than 500,000 students enrolled in higher education within a 100-mile radius. Education partners in this community are focused on providing premium talent to meet the needs of today's and tomorrow's workforce.
Lake Technical College and Lake Sumter State College can even design specialized programs to improve or train specialized skills. Olympus is underway on Lake County Wellness Way, located in Clermont (South Lake County), just outside Orlando and Orange County. Olympus was created by Olympus Sports %26 Entertainment Group and is guided by a brand promise of “Epic. Every day.
The project presents innovative development zones of excellence dedicated to sports training and competition, sports medicine and performance, health and wellness, entertainment and hospitality, business innovation and growth. Save my name, email and website in this browser for the next time I comment. Business Facilities highlights area economic development and site selection news from around the world. Economic development creates opportunities to grow state, local and metropolitan areas, which are essential for economic growth, improved quality of life, and community development.
The state is doing everything it can to make moving easier for any business looking for a warm winter climate and a more relaxed lifestyle. Without state income taxes, low corporate taxes and business-friendly government, Florida is climbing many corporate lists for consideration for future growth. Higher education schools in the region, including Saint Leo University, Pasco Hernando State College, University of South Florida, and University of Tampa, infuse educated workforces into the community. In addition to growth along the Life Science Corridor, the County has recently seen a surge in the business and professional services industry with the addition of 875 new jobs from a single company, and two of the companies that are converting long-vacant retail space to meet your needs.
With more companies looking to meet the changing demands of their workers, particularly skilled and hard-to-maintain employees, many continue to see Florida as an excellent place to establish corporate expansion or even relocations. According to the NAHJ South Florida, approximately 70% of the entire population of Miami is Spanish-speaking with international roots in Latin America. The Pasco County Government works in cooperation with business leaders and residents to balance economic growth and job creation, with planned growth that protects the environment and preserves Pasco's beautiful green spaces. Hollywood is also home to two federally designated opportunity zones that await businesses interested in preferential tax treatment, and is poised for smart growth through zoning that encourages revitalization along key business corridors.
The physical location of your business can be the determining factor in determining whether you have access to the skills, facilities and other vital resources you need to thrive. It has allowed many companies to move here, attracting talent from all over the world, and taking advantage of the business opportunities that a diverse workforce can offer. From a business-friendly climate to superior infrastructure and a skilled workforce, it's no wonder why companies are expanding in Florida. The breadth of job creation is felt throughout the state of Florida, as the Groveland facility is the distribution center to the Jacksonville and Tampa facilities.
The company creates 179 new jobs and is building a 37,000 square foot facility to house its Central Business Office, which provides billing and medical collection services to Encompass Health hospitals in 25 states and Puerto Rico. . .
