Florida’s Business-Friendly Climate Attracts New Investment

Florida’s Business-Friendly Climate Attracts New Investment

ORLANDO, Fla. – As the Sunshine State, Florida offers a warm welcome to new commercial and business investment, according to Florida Realtors®.

“Not only is Florida a great place to call home, it’s a great place to do business,” says 2011 Florida Realtors President Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. “Our state has made it a priority to not only encourage new businesses and industries to come to Florida, but to provide the kind of supportive climate that entrepreneurs and businesses need to succeed and prosper.”

With more than 30 years of experience in the real estate industry, Fitzgerald understands the state’s appeal to business owners and entrepreneurs. With no state income tax and a favorable tax environment for corporations, she points out that Florida is an attractive location for people who want to own their own business and raise their families in a desirable place close to their livelihood.

Fitzgerald adds that Florida is the fourth most populous state in the U.S., with a large and diverse population that fuels business innovation and provides a creative and highly skilled workforce.

Enterprise Florida, a public-private partnership devoted to statewide economic development, notes Florida’s business strengths on its website (http://www.eflorida.com) along with recent accolades the state has received. Here are some examples:

  • The U.S. Department of Commerce’s 2010 trade statistics rank Florida as the nation’s fourth largest export state. Florida has ranked among the top five since 2008.
  • Three metropolitan statistical areas (MSAs) – Miami-Ft. Lauderdale-Pompano Beach, Tampa-St. Petersburg-Clearwater and Orlando-Kissimmee – have been ranked among the nation’s Top 25 MSAs for small businesses by Business First.
  • Florida’s business climate is one of the top five in the country, according to DCI’s “Rating of the States.”
  • Florida is home to two of America’s leading Cities of the Future – Orlando (#10) and Jacksonville (#14) – according to Business Facilities’ 2011 State Rankings Report.
  • Four Florida counties (Palm Beach #1, Martin #4, Orange #7 and Leon #9) have been named national leaders in information and communications technology in their respective population categories in the 2011 Digital Counties Survey.
  • Orlando-Kissimmee was recently ranked 8th on Monster.com’s list of the nation’s top 10 metro areas for jobs.
  • Florida is one of the top three states for veteran-owned businesses, according to data from the U.S. Census Bureau.
  • Chief Executive Magazine ranked Florida among the nation’s top three states for business, based on a survey of more than 500 CEOs.
  • Florida’s airports dominated the New York Times rankings for most competitive fare pricing.
  • Wells Fargo recently ranked Florida #1 for high-growth industries and positive regional advantage, noting “the Sunshine State is making important enhancements to its university system to bring in more cutting-edge research, and this should pay off with an even better mix of high-growth industries in future years.”
  • Four Florida cities earned top marks as fDi Magazine “American Cities of the Future,” including Miami which ranked 7th overall. In terms of business friendliness in their respective size categories, Orlando and Ft. Lauderdale ranked #1, followed by Miami at #2 and Tampa ranking 6th.
  • Orlando and Jacksonville were named to Kiplinger’s 2011 list of 11 cities that are enjoying an upward economic bounce.
  • Site Selection recently highlighted the benefits of Greater Ft. Lauderdale for multinationals and noted that Orlando is the least expensive city in the U.S. for operating a corporate headquarters.
  • Forbes reported that Florida is home to four of the nation’s Best Cities for Minority Entrepreneurs: #5 Miami-Fort Lauderdale-Pompano Beach, #9 Orlando-Kissimmee, #14 Tampa-St. Petersburg-Clearwater, #21 Jacksonville.
  • Jacksonville (#3) and Miami (#4) have been named among the 10 Happiest Cities To Work In America, as reported by CareerBliss and Forbes.com.
  • The U.S. Small Business & Entrepreneurship Council recognized Florida among the top states for small business and entrepreneurship. The rankings measure the costs and burdens of government on small business, and policy areas that enable competitiveness and growth among small businesses.
  • Florida scored high in several categories of the Kauffman Foundation’s 2010 New Economy States rankings. The state ranked 4th in Entrepreneurial Activity, 5th in Economic Dynamism, 7th in Export Focus of Manufacturing & Services, and 10th in Inventor Patents.
  • Business Facilities magazine ranked Panama City #1 in its Top 10 Rankings for Metro Economic Growth Potential. Orlando also made the list, ranking #10 in Aerospace/Defense Manufacturing and #10 Most Wired. Tampa/St. Petersburg ranked #9 in Aerospace/Defense Manufacturing.
  • Florida ranked No. 1 in the nation for its workforce on CNBC’s fourth annual America’s Top States for Business rankings in 2010. The workforce rankings in CNBC’s annual study are based on several indicators, including the education level of the workforce, the number of available workers, union membership and the relative success of each state’s worker training programs in placing participants in jobs.

Source: Enterprise Florida at www.efloridainnovation.com

Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 64 boards/associations.

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