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