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Florida Resources Page
Inward Investment Guides

Communities Enable “Disruptive” Advantage for Advanced Manufacturers

Jeff Troan, Director, Lockheed Martin Corporate Treasury (Advanced Industries 2014)
To attract and retain core manufacturing businesses in the twenty-first century, communities will have to offer significant workforce development support, combined with a business climate package that makes their companies competitive with producers that enjoy lower labor costs and more favorable taxation throughout the rest of the world. More

In Focus: New Development of Small Industrial Facilities Expected as Inventory Dwindles

James Martell, President, Ridge Development Company, LLC (Q3 2014)
Lack of inventory for smaller scale industrial facilities in certain markets has created more competition among tenants and is expected to prompt activity from regional and national industrial developers, bringing new, state-of-the-art buildings to market. More

Five Tips for Meeting the Challenges of Fast-Track Facility Development

David A. Kemper, PE, Senior Principal, Stantec (Q3 2014)
Constant communication — including real-time collaboration — between an owner, project developer, engineers, construction managers, etc. is key to fast-tracking a project. More

Low Costs + Skilled Workforce = A Perfect Fit

Minah Hall, Managing Director, True Partners Consulting LLC (Workforce 2014)
The site selection process has always been a complex balancing act of finding the “perfect” combination between the ideal physical location and the most qualified and available workforce, with the cost of doing business in each location tempering the two considerations. More

Leading Locations for 2014: The MSAs with Strongest Prime Work Force Growth

Dale D. Buss, Staff Editor,  (Q2 2014)
A yawning gap has developed between millions of potentially available workers and the increasingly sophisticated skills they would require to qualify for today’s generally tech-oriented jobs. More

Leading Locations for 2014 Commentary: Much Depends on Company’s Industry & Life Cycle

Eric Stavriotis, Senior Vice President, CBRE, Inc. (Q2 2014)
A quick review of the 2014 Leading Locations research confirms what we have been seeing from our clients and the markets overall: Companies with a preponderance of technology workers are thirsty for more talent, and the needs of these companies can vary significantly based on their industry and life cycle. More

Top Performing Airports in 2014 for Air Cargo and Industrial RE

Area Development Online Research Desk (Q2 2014)
Airports are increasingly focused on leveraging nearby commercial real estate assets and logistics corridors to position themselves as an essential link in the supply chain. In fact, some airports are now seeing more than 60 percent of their revenue derived from non-airline sources. More

Greater Fort Lauderdale’s Business Climate Promotes Headquarters Growth

Steve Stackhouse-Kaelble (Q2 2014)
A development strategy touting its attractive quality of life as well as favorable business climate has made the Fort Lauderdale area a top choice for headquarters operations. More

FLORIDA at a glance

POPULATION: 19,057,542 (2011)

LABOR FORCE: 9,248,488 (2011)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Electronics and electronic equipment, printing and publishing, fabricated metals, industrial machinery and equipment, lumber and wood products, business services, tourism, agriculture

EXPANDING INDUSTRIES: Cleantech, life sciences, infotech, aviation/aerospace, defense/homeland security, logistics/distribution, financial/professional services

COLLEGE GRADUATES: (Age 25 and over with BA or higher) 25.8%

BASIC BUSINESS TAXES:
Corporate Income Tax: 5.5 percent on apportioned income basis; $50,000 exemption subtracted to compare net Florida taxable income; S-corporations (with exemptions) and partnerships pay no state corporate income tax on earnings

Sales Tax: 6 percent; county option of 0-2.5 percent; current highest state and county tax: 7.5 percent

Property Tax: Locally fixed rates at fair market value on real and tangible personal property; no state levy on real and tangible property

BUSINESS INCENTIVES:
Qualified Target Industry Tax Refund (QTI)

High-Impact Performance Incentive grants (HIPI)

Qualified Defense and Space Contractor Tax Refund (QDSC)

Capital Investment Tax Credit (CITC)

Quick Response Training (QRT)

Incumbent Worker Training (IWT)

Economic Development Transportation Fund (Road Fund)

Clean Energy Investment Fund

Semiconductor, Defense, and Space Technology sales and use tax exemptions (SDST)

Sales and use tax exemption on machinery and equipment

Sales and use tax exemption on R&D equipment

Sales tax exemption on electricity and steam

Tax exemptions within the aviation and space industries

Manufacturing and Spaceport Investment Incentive Program (MSII)

Florida Film & Entertainment Industry Financial Incentive Program

Rural & Urban Job Tax Credit Program

Rural Community Development Revolving Loan Program

Rural Infrastructure Fund

Brownfield Redevelopment Bonus Refund

Enterprise Zone Job Tax Credit Program

Expedited and online permitting

Venture capital network development

Incubators and accelerators

Florida Manufacturing Extension Program

Principal Manufacturing industries

  • Computer & Electronic Products
    13.8%
  • Transportation Equipment
    11.0%
  • Fabricated Metal Products
    9.6%
  • Food
    9.2%
  • Machinery
    7.6%
  • Chemicals
    5.8%
  • Printing & Related Support Activities
    5.7%
  • Nonmetallic Mineral Products
    4.9%
  • Plastics & Rubber Products
    3.6%
  • Other Manufacturing Industries
    28.9%