Why Invest in Florida?
The State of Florida:
- Is the USA’s 4th most populous state
- Has the 4th largest labor force in the USA and 1st in the Southeast
- Has the 4th highest number of businesses in the USA
- Has the 4th largest Gross Domestic Product within the USA, and 1st in the Southeast, making it the 8th largest economy in the western hemisphere, and the 20th largest economy in the world
- Ranks 4th in total employment in high-tech industries in the USA
- Is the 5th largest producer of exported goods in the USA
- Ranks 1st in the Southeast in state’s total personal income and 4th nationally.
Why Live in Florida?
Climate: Florida is rightfully nicknamed “the sunshine state.” The average annual high temperature is 81 degrees F (27° C), while the average annual low temperature remains a mild 60 degrees F (16° C).
Education: The state of Florida has been committed to providing one of the best educational systems in the country. The state enjoys an excellent public school system along with numerous world-renowned colleges and universities.
Cost of Living: In many respects, Florida’s cost of living is less than that of other states with similar economic situations. Florida’s local and state governments continue to promote programs to ensure that the housing market remains affordable yet competitive for its residents.
Arts & Culture: Florida offers a broad spectrum of artistic, cultural, and historical venues to keep its residents and tourists constantly entertained. There are numerous international film and music festivals, Broadway shows, art exhibitions, and entertainers that annually tour Florida. Overall, Florida offers world-class entertainment.
Recreation: Florida has over 1,300 golf courses, 1,197 miles of coastline and 663 miles of beaches, 160 large state parks, and thousands of local parks and recreation areas. Florida has something for everyone.
Tourism: Famous for its perfect beaches, breathtaking nature preserves and spectacular theme parks, Florida is the top tourist destination in the world. The state of Florida’s booming tourism industry gives great business opportunities along with dynamic, growing markets for companies.
Why invest in Florida?
- No state income or estate taxes
- 300+ days of sunshine every year in Florida
- Average annual temperature of 72 degrees F, 22C
- No place in Florida is further than 60 miles from the coastline
- Out of the 80 million retiring baby boomers, 42% plan on retiring to the South
- East region of the country with Florida being the number one destination
- Fastest growing state in the US (2030 projected to be over 26 million people)
- Low land acquisition costs
- Fourth largest state; 19.3 million population
- Historically enjoys high population and job growth
- 1,197 miles of coastline and 663 miles of beaches
- Entertainment Destination with 89 million visitors annually
- Walt Disney World Resort
- Universal Studios Orlando
- SeaWorld Orlando
- Thriving sea ports:
- Strong exports and imports. The total value of merchandise trade flowing in and out of the U.S. via Florida exceeded $162 billion in 2012.
- Three large international airports:
- One-stop flights to China; Direct flights to South American cities
- Excellent Universities and Colleges:
- University of Florida
- Florida State University
- University of Central Florida
- Florida Atlantic University
- Florida International University
- University of South Florida
- University of Miami
- Expansion of the Panama Canal is set to be complete by 2014 allowing larger cargo ships direct access from Asia to Florida.
- Florida is a major producer and exporter of goods and value-added services.
- International Trade (40% of all U.S. exports to Latin and South America pass through Florida).
- Florida’s economic output is more than three-quarter-trillion-dollars
- Agriculture – Florida leads the southeast in farm income, produces about 75% of the U.S. oranges and accounts for about 40% of the world’s orange juice supply.