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Inward Investment Guides

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 Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Florida's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

The Southland Delivers a Solid Economic Performance

Mark Crawford (Q1 2014)
The southern states have embraced the transition from traditional to knowledge-based economies and work hard to attract new projects and the high-paying jobs that come with them. More

Ports Jockey for Post-Panamax “Pole Position”

Tim Feemster, Managing Principal, Foremost Quality Logistics (Q1 2014)
East and Gulf Coast ports are gearing up to accommodate the supersized containerships that will be able to traverse the expanded Panama Canal — and the delayed expansion process has given them the advantage of time to get ready. More

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

The 2013 Gold & Silver Shovel Award Recipients in Pictures

Area Development Magazine Special Presentation (Directory 2014)
Shown here are nine of the recipients of Area Development’s 2013 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job-creation. All told, 19 states were recognized for their efforts. More

Regional Report: The South Atlantic Capitalizes on Its Pro-Business Climate

Beth Mattson-Teig (Directory 2014)
Customized incentives and work force training, as well as its right-to-work environment, are drawing auto, aero, life sciences, and other advanced manufacturers to the South Atlantic. More
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Studies/Research
News Items
 
Around The Web
 
Studies/Research

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%