Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew
Florida Resources Page
Inward Investment Guides

U.S. Legislative, Incentives, & Economic Development Policies Update

Jason Hickey, President, Hickey & Associates, LLC (Q1 2016)
Growing companies need to be aware of the many changes states are making to their incentives policies. More

Florida Basic Business Taxes

Area Development Research Desk (Corporate Taxes & Incentives Guide)
Corporate income tax, Sales and use taxes, Sales and Use Tax Exemptions, Commercial space activity, manufactured, export, business inventories, property tax, More

Florida Direct Financial Incentives

Area Development Research Desk (Corporate Taxes & Incentives Guide)
Florida's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Regional Report: Diverse Industries Reflect Economic Gains in the South-Atlantic

Mark Crawford (Directory 2016)
A region that gets its pro-business message across, the South Atlantic’s growth in manufacturing, Information technology, and life sciences has moved beyond big cities to its smaller metro areas as well. More

Frontline: IQ Orlando Brings High-Tech Life Science Innovation to Central Florida

Mark Crawford (Directory 2016)
Established in 2014, IQ Orlando looks to identify, recruit, and invest in a capital network for life sciences and healthcare companies. More

Investing in Workforce Benefits Employers and Their Communities

Minah Hall, Managing Director, True Partners Consulting LLC (Workforce Q4 2015)
Training provided by a state or community is valuable in bringing a workforce up to speed, but so is the creation of a “culture of learning” in an individual company. More

Georgia Once Again Leads the 2015 Top States for Doing Business

Mark Crawford (Q3 2015)
An attractive business environment, quality labor pool, and well developed infrastructure are among the shared advantages of those states ranked by the location consultants as the top choices for business. More

Choosing the Optimal Site for an Aviation-Related Project

Von Hatley, Managing Director, Jones Walker Consulting, LLC (2015 Auto/Aero Site Guide)
If current trends continue, a conservative estimate reveals there will be more than 1,000 announcements of aviation-related projects in the United States over the next decade. The best location decisions will be made by project teams that not only look at the current overall costs, but also have a deep understanding of hidden site development costs, in addition to the long-term political/financial stability that a region can provide. More

FLORIDA at a glance

POPULATION: 19,552,860 (2013)

LABOR FORCE: 9,431,471 (2013)

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: aviation/aerospace, life sciences, manufacturing, ,defense/homeland security, information technology, financial/professional services, logistics/distribution, cleantech

COLLEGE GRADUATES: (Age 25 and over with BA or higher) 3,747,470 (2013)

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 plus county option (current highest is 1.5 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)

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

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

Principal Manufacturing industries

  • Computer & Electronic Products
    12.7%
  • Transportation Equipment
    11.4%
  • Fabricated Metal Products
    10.2%
  • Food
    9.2%
  • Machinery
    7.4%
  • Chemicals
    5.8%
  • Printing & Related Support Activities
    5.3%
  • Nonmetallic Mineral Products
    5.4%
  • Plastics & Rubber Products
    3.7%
  • Other Manufacturing Industries
    28.9%
Source: Bureau of Labor Statistics, Employment and Wages, 2013