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Inward Investment Guides

Choosing the Optimal Site for an Aviation-Related Project

Von Hatley, Managing Director, Jones Walker Consulting, LLC (Q3 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

Top Airport Locations for Real Estate Investors

Area Development Research Desk (Q2 2015)
JLL’s Index evaluates airports based on criteria such as availability of industrial and warehousing space, access to large population centers, and air cargo growth prospects. This year’s highest ranked airport is Chicago O’Hare (ORD) with a score of 144.6, followed by Miami (MIA) at 120.9 and Los Angeles (LAX) with a 117.2. More

2015 Gold & Silver Shovel Awards Recognizing Excellence in State Job Creation and Economic Development Efforts

Area Development Special Presentation (Q2 2015)
Area Development’s annual awards recognize individual states for their overall economic development effectiveness. This year, we honor 21 states for their achievements in 2014 in garnering investment and job creation with Texas, Georgia, Tennessee, South Carolina and Nevada awarded the Gold Shovel. More

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

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