POPULATION: 18,537,969 (2009)
LABOR FORCE: 9,197,952 (2009)
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, homeland
security/defense, financial/professional
services
COLLEGE GRADUATES: (Age 25 and over) 25.8%
BASIC BUSINESS TAXES:
Corporate Income Tax: 5.5 percent
on apportioned income basis;
$5,000 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)
Jobs for the Unemployed
Tax Credit (JUTC)
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
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
Local Government Distressed Area
Matching Grant Program (LDMG)
Expedited and online permitting
Venture capital network development
Incubators and accelerators
Florida Manufacturing Extension
Program
