Investing in Florida and the Future

Florida"s Economic Quality of Life

Florida the "Sunshine State" is known for its sunny days and warm climate.  With its rich cultural history, temperate climate, vast ecosystems, thriving tourism and commerce, Florida is one of the best places to call your home in paradise.  Florida offers endless beaches and attractions in both metropolitan and rural settings. Florida offers the perfect balance of lifestyle and commerce, international business, technology, biosciences, higher education and quality of life.

  • Florida is the USA's 4th most populous state
  • Has the 4th largest labor force in the USA
  • Has the 4th highest number of businesses in the USA
  • Has the 4th largest Gross Domestic Product within the USA, 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
  • Is the 9th largest recipient of Foreign Direct Investment in the USA

 

QUALITY OF LIFE

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 has no state income tax . 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.

 

 TOURISM - RECREATION - EDUCATION  TECHNOLOGY - BIOSCIENCES

  • 300+ days of sunshine every year in Florida
  • Average annual temperature of 70 degrees F, 21C
  • 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; 18.5 million population
  • Historically enjoys high population and job growth
  • 1,197 miles of coastline and 663 miles of beaches
  • Entertainment Destination - 77 million visitors annually
     
  • Economic impact of $57 billion on Florida's economy
  • Thriving sea ports
     
  • Strong exports
  • Three large international airports
  • One-stop flights to China
     
  • No state income or estate taxes
  • Open business environment
  • 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

 

FLORIDA'S ECONOMY

  • The state's total personal income ranks 1st in the Southeast and its 2008 per capita income ranks 2nd in the Southeast.
  • Florida led the Southeast and ranked 4th nationwide in high tech employment in 2008.
  • The total value of merchandise trade flowing in and out of the U.S. via Florida has nearly doubled in the last decade, exceeding $130 billion in 2008. Similarly, total foreign direct investment (FDI) in Florida amounts to $39.3 billion, making Florida one of the top states for FDI and FDI-related employment.
  • Expansion of the Panama Canal is set to be complete by 2014, which will allow larger cargo ships to have direct access from Asia to Florida.
  • Florida is a major producer and exporter of goods and value-added services, which reached a combined total of US 84.6 billion in 2008. This is the value of exported goods either made or with significant value added in Florida.
  • International Trade (40% of all U.S. exports to Latin and South America pass through Florida)
  • Florida's economic output is nearly three-quarter-trillion-dollars.
  • Space Industry - The space industry represents $4.5 billion of the state's economy. The average annual wage of aerospace workers is approximately $52,000. The number employed at Kennedy Space Center alone is 15,000 and Florida ranks 4th among the states in overall aerospace employment with 23,000 jobs.
  • Agriculture - Florida leads the southeast in farm income.  Florida produces about 75% of the U.S. oranges and accounts for about 40% of the world's orange juice supply.
  • Services - growth in high tech, financial & back-office operations

 

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