Florida is internationally known for its fantastic weather, beautiful beaches and diverse recreational activities. The Florida Emerald Coast is also a great location to own your own business. Florida has worked hard to have a welcoming business climate. The state of Florida has NO personal income tax in addition to other tax incentives such as NO corporate income tax on limited partnerships and subchapter S- corporations.
The state of Florida’s infrastructure ranks 2nd in the United States. The Florida Panhandle is blessed to have 3 commercial airports: the Destin-Ft. Walton Airport, the Northwest Florida Airport and the Pensacola International Airport. The area also has numerous private airports and military airports located at Tyndall Air Force Base, Pensacola Naval Air Station, and Eglin Air Force Base, which is the largest air base in the country. The Panhandle contains the East-West interstate, I-10, which intersects with I-65, I-75 and I-95 to provide transportation to all regions of the country. US Hwy. 90 and the CSX Rail Transportation System, that runs parallel to Hwy. 90, are also excellent pieces of the infrastructure. The Emerald Coast of Florida also has 2 deep water ports, the Pensacola Port and the Panama City Port.
The Bureau of Labor Statistics ranks Florida’s workforce as the 4th largest in the nation. Florida provides a great pool of talent due in part to the 12 universities and numerous colleges and technical institutions that provide customized training programs. All residents live within 50 miles of a school of higher learning.
If you desire to own a business on the Emerald Coast, Florida will provide you with a business friendly government that works on legislative, fiscal and marketplace initiatives. They offer a competitive cost of doing business, a pro-business tax structure, expedited permitting and many additional resources. Come to the beautiful area that continues to climb in tourism every year!
Some of the information for this article was drawn from Enterprise Florida, Inc.