Ten Reasons Businesses Large and Small are Welcome to Florida

By: Florida Chamber of Commerce

FOR IMMEDIATE RELEASE

CONTACT:
Megan Sweat, Media Relations Manager
msweat@flchamber.com
850.521.1258

Ten Reasons Businesses Large and Small are Welcome to Florida

Florida Chamber of Commerce launches Florida “Open for Business” Campaign

TALLAHASSEE, FL (December 22, 2020) – As the economy rebounds from the COVID-19 global pandemic, the Florida Chamber of Commerce is encouraging job creators to make the move to Florida with its new “Open for Business” campaign. Recent trends show major employers and entrepreneurs are considering relocating employees and operations from high-cost, high regulatory states like New York, Illinois and California to high value locations with excellent quality of life, top rated schools and a low-cost of living. Florida is a prime location for consideration with its competitive offerings and pro-business, pro-jobs climate. 

Constantly ranked one of the best states for job creation, Florida is committed to keeping regulatory red tape and business taxes low. That, along with a growing economy and zero personal state income tax, makes it one of the best places anywhere to do business.

10 Reasons More and More Employers Are Calling Florida Home:

  1. 17th Largest Economy in the World if Florida were a country.[i]
  2. Growing Population & Economy: With more than 4M residents expected by 2030, income is also moving to Florida with $1.2M in wealth relocating to Florida every hour.[ii]
  3. Top-Quality Education: Florida is ranked among the top five states in the nation for its education system[iii], fostering the best talent to prepare Florida’s workforce.
  4. Lower Taxes: Florida has NO state income tax[iv] and is ranked fourth in the nation for its business tax climate.[v]
  5. Job Creation: More than 1 in 11 jobs created in the U.S. since 2015 were created in Florida.
  6. A Top State for Infrastructure thanks to six straight years of $10B in state transportation and infrastructure funding.
  7. Gateway to Emerging Markets in the Americas and for international trade coming through the Panama Canal.
  8. Business Friendly: Florida is a right to work state with a government committed regulatory certainty.
  9. Fiscal Stability: Florida is currently ranked second in the nation for fiscal stability[vi], resulting in a AAA bond rating.
  10. Great Quality of Life: Florida is known for great weather, recreation and culture while offering an affordable cost of living. Say goodbye to cold winters; Miami’s average temperature in December is 76 degrees.

[i] https://thefloridascorecard.org/
[ii] https://thefloridascorecard.org/
[iii] https://www.usnews.com/news/best-states/florida
[iv] https://www.enterpriseflorida.com/why-florida/business-climate/tax-advantages/
[v] https://taxfoundation.org/2021-state-business-tax-climate-index/
[vi] https://www.usnews.com/news/best-states/florida

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Established in 1916 as Florida’s first statewide business advocacy organization, the Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Florida Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.