Florida Business Opportunities
A Quick Glance at Florida
Florida, whose nickname is The Sunshine State, first obtained its statehood in 1845. With a population of 19,552,860 people, Florida is the forth most populated state in the United States.
If you are considering starting your new business in Florida, you might want to look into one of Florida's top three most populous cities - Jacksonville, Miami or Tampa and also in the state's capital of Tallahassee.
Top Industry
The largest industry in the state of Florida is ambulatory health care services.
- The gross domestic product (GDP), of this industry, is roughly $36.7 billion and accounts for 4.1% of Florida's GDP.
- Ambulatory health care services also employs 4.5% of Florida's private workforce.
Small Businesses
In the United States, the more than 600,000 plus franchised small busineeses account for 40% of all retail sales and provide jobs for some 8 million people. According to the Small Business Administration (SBA), their standard definition of what constitutes as a small business includes a maximum of 500 employees or operations with and/or up to $7 million in revenue, depending on the industry.
- There are 3.2 million small businesses, in the state, of Florida.
- Small businesses in Florida, make up 31.5% of the state's private workforce.
State and Local Taxes
Listed below are the state and local taxes, for the state of Florida, and how they rank against other states in the U.S.
State Tax Rate | Avg. Local Tax Rate | Combined Rate | Combined Rank* | Max Local Tax Rate |
---|---|---|---|---|
6% | 0.8% | 6.8% | 28 | 2% |
*Combined Rank is rank from highest to lowest tax percentage |
California has the highest state tax rate in the United States at 7.25%, but Lousinana has the highest combined tax rate, overall, at 9.98%. Delaware, Montana, New Hampshire and Oregon share the spot for lowest combined tax rates at 0%.
Additional Information
If you need additional information about how to start a business in Florida, their official state page might be a good place to start. If you are looking to own your own established franchise in Florida, we have collected a comprehensive list of companies that are actively looking to expand in Florida, for you to explore.
References
- By NASA - Great Images in NASA (image link), Public Domain
- Census.gov
- Comparison between U.S. states and countries by GDP (nominal) from Wikipedia
- Largest Industry in Each State from 24/7 Wall St.
- Civilian Labor Force and Unemployment by State from the U.S. Bureau of Labor Statistics
- State and Local Sales Tax Rates in 2017 from the Tax Foundation
City and County Level
- Alachua
- Alachua County
- Altamonte Springs
- Anna Maria
- Apopka
- Arcadia
- Atlantic Beach
- Atlantis
- Auburndale
- Aventura
- Avon Park
- Baker County
- Bal Harbour
- Bay County
- Bay Harbor Islands
- Belle Isle
- Belleair
- Belleair Beach
- Belleair Bluffs
- Boca Raton
- Bonita Springs
- Boynton Beach
- Bradenton
- Bradford County
- Brevard County
- Brooksville
- Broward County
- Callaway
- Cape Canaveral
- Cape Coral
- Casselberry
- Charlotte County
- Chipley
- Cinco Bayou
- Citrus County
- Clay County
- Clearwater
- Clewiston
- Cocoa
- Cocoa Beach
- Coconut Creek
- Collier County
- Columbia County
- Cooper City
- Coral Gables
- Coral Springs
- Crystal River
- Dade City
- Dania Beach
- Davie
- Daytona Beach
- Daytona Beach Shores
- De Land
- DeBary
- Deerfield Beach
- Delray Beach
- Deltona
- DeSoto County
- Destin
- Dixie County
- Dunedin
- Dunnellon
- Duval County
- Eagle Lake
- Edgewater
- Edgewood
- Escambia County
- Eustis
- Fernandina Beach
- Flagler Beach
- Flagler County
- Florida City
- Fort Lauderdale
- Fort Meade
- Fort Myers
- Fort Myers Beach
- Fort Pierce
- Fort Walton Beach
- Franklin County
- Fruitland Park
- Gadsden County
- Gainesville
- Gilchrist County
- Glades County
- Green Cove Springs
- Greenacres City
- Gulf Breeze
- Gulf County
- Gulfport
- Haines City
- Hallandale Beach
- Hamilton County
- Hardee County
- Hendry County
- Hernando County
- Hialeah
- Hialeah Gardens
- High Springs
- Highland Beach
- Highlands County
- Hillsborough County
- Holly Hill
- Hollywood
- Holmes Beach
- Homestead
- Hypoluxo
- Indialantic
- Indian River County
- Islamorada
- Jackson County
- Jacksonville
- Jacksonville Beach
- Jefferson County
- Juno Beach
- Jupiter
- Key Biscayne
- Key Colony Beach
- Key West
- Kissimmee
- Lady Lake
- Lake Alfred
- Lake County
- Lake Mary
- Lake Park
- Lake Placid
- Lake Wales
- Lake Worth
- Lakeland
- Lantana
- Largo
- Lauderdale Lakes
- Lauderhill
- Lee County
- Leesburg
- Leon County
- Levy County
- Lighthouse Point
- Live Oak
- Longboat Key
- Longwood
- Lynn Haven
- Macclenny
- Madeira Beach
- Madison County
- Maitland
- Malabar
- Manatee County
- Marathon
- Marco
- Margate
- Marion County
- Martin County
- Mary Esther
- Melbourne
- Melbourne Beach
- Miami
- Miami Beach
- Miami Dade County
- Miami Gardens
- Miami Lakes
- Miami Shores
- Miami Springs
- Midway
- Milton
- Minneola
- Miramar
- Monroe County
- Mount Dora
- Naples
- Nassau County
- Neptune Beach
- New Port Richey
- New Smyrna Beach
- Niceville
- North Bay Village
- North Lauderdale
- North Miami
- North Miami Beach
- North Palm Beach
- North Port
- North Redington Beach
- Oakland Park
- Ocala
- Ocean Ridge
- Ocoee
- Okaloosa County
- Okeechobee
- Okeechobee County
- Oldsmar
- Orange County
- Orlando
- Ormond Beach
- Osceola County
- Oviedo
- Palatka
- Palm Bay
- Palm Beach
- Palm Beach County
- Palm Beach Gardens
- Palm Beach Shores
- Palm Coast
- Palm Springs
- Palmetto
- Panama City
- Panama City Beach
- Parkland
- Pasco County
- Pembroke Pines
- Pensacola
- Pinecrest
- Pinellas County
- Pinellas Park
- Plant City
- Plantation
- Polk City
- Polk County
- Pompano Beach
- Ponce Inlet
- Port Orange
- Port Saint Lucie
- Punta Gorda
- Putnam County
- Quincy
- Redington Beach
- Redington Shores
- Riviera Beach
- Rockledge
- Royal Palm Beach
- Safety Harbor
- Saint Johns County
- Saint Lucie County
- Sanford
- Sanibel
- Santa Rosa County
- Sarasota
- Sarasota County
- Satellite Beach
- Sebastian
- Seminole County
- Shalimar
- Sneads
- South Daytona
- South Miami
- South Pasadena
- Southwest Ranches
- Springfield
- Stuart
- Sumter County
- Sunny Isles Beach
- Sunrise
- Surfside
- Tallahassee
- Tamarac
- Tampa
- Tarpon Springs
- Tavares
- Taylor County
- Temple Terrace
- Tequesta
- Titusville
- Treasure Island
- Valparaiso
- Venice
- Vero Beach
- Volusia County
- Walton County
- Washington County
- Wellington
- West Melbourne
- West Palm Beach
- Weston
- Wilton Manors
- Windermere
- Winter Garden
- Winter Haven
- Winter Park
- Winter Springs
- Zephyrhills