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Florida Resources Page
Inward Investment Guides

How U.S. States are Targeting Foreign Direct Investment

Thomas J. Stringer, Esq., Principal, Site Selection & Business Incentives, Ryan & Company (Location USA 2015)
State and regional economic development organizations are developing a variety of strategies to market their best assets, build relationships, and improve their business climates to attract FDI. More

Front Line: High-Speed Rail Spurs Economic Development

Mark Crawford (Q1 2015)
Economic benefits include construction and operations jobs and manufacturing and supply chain opportunities. More than 25 rail manufacturing companies and suppliers have committed to expanding their U.S. operations if their bids are selected for building high-speed rail systems. More

10 Inland Ports to Watch

Tim Feemster, Managing Principal, Foremost Quality Logistics (Intermodal Sites)
Inland ports are poised to play an increasingly vital role and could be a large part of the answer to both the fuel and congestion concerns in the domestic supply chain. More

Regional Report: Economy Sizzling in the South Atlantic States

Steve Stackhouse-Kaelble (Directory 2015)
With numerous new and expanded facilities being announced in 2013 and 2014, the South Atlantic region’s string of success stories is continuing. More

Front Line: The New Economy, Crowdfunding for Civic Projects

Lisa A. Bastian (Directory 2015)
For a small but growing number of locales, “crowdfunding” is part of the solution for funding economic development projects. More

Frontline: Sustainable Research Facility a First in the U.S. for Max Planck Institute

Area Development Online Research Desk (Q4 2014)
Certified LEED Gold, the Florida research facility brings scientists together in a collaborative environment. More

Securing Incentives With a Well-Paid Workforce

Robert Foley, Manager, Global Location & Expansion Services, KPMG LLLP (Q4 2014)
As a growing number of states augment their business incentives with Quality Jobs programs, manufacturing, technology and other high value-add companies are well positioned to potentially reap significant and often enhanced tax and non-tax benefits. More

Revolutionary Advances in Life Sciences amid Industry Disruption and Uncertainty

Mark Crawford (Q4 2014)
Major economic, social, and regulatory factors are having big impacts on the life sciences and medical device industries, representing an opportunity for innovative companies to become new leaders and gain market share. 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