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