Friday, June 6, 2008

Expansion continues to surge in South,Central and North Florida.



Take a drive on the Florida Turnpike from South Florida to Orlando and see for yourself what`s occurring.
Whether it`s commercial development or residential property the State seems to be attracting new business and residents.
I realize we`re in a recession,but within the last 8 months it appears many believe we`re coming out of an economic funk which has plagued this state for 2 years!
Florida is a growing state in spite of what the media expounds.
The growth rate in our state will continue.

Florida's economic growth is one of the success drivers for businesses that choose to locate in Florida. With a growing consumer market, an expanding talent pool, a supportive government and a strong asset base, Florida offers companies the right conditions for long-term success. The state’s vitality and economic growth are evident in its strong business and economic indicators.

Florida’s booming economy supports a higher standard of living. The state's total personal income lands it at the #1 spot in the Southeast, and its 2006 per capital income of $35,798 places it at #2 in the Southeast and #20 in the nation.
Florida's economy encourages the growth of high tech companies. Florida led the Southeast and ranked 4th nationwide in high tech employment in 2006. Some of the other industries that have recorded significant economic growth in the state include professional & business services, trade, transportation, construction, leisure and hospitality, education and health services, and others.
Florida leads in international trade and investment. The total value of merchandise trade flowing in and out of the U.S. via Florida has nearly doubled in the last decade, reaching $109.75 billion in 2006. Similarly, total foreign direct investment (FDI) in Florida reached $35.3 billion, making Florida one of the top states for FDI and FDI-related employment and further boosting the state's economic growth.

Favorable Business Climate: Florida is consistently ranked as one of the top pro-business states, and for a number of good reasons. It has a favorable business environment, with a low corporate income tax rate and no state personal income tax. In addition, Florida offers competitive cost-of-doing-business, especially when compared to other high tech states. The state is also one of only a few right-to-work states in the U.S.

Proactive, Pro-business Government: Florida’s government and economic development leaders are working together to ensure the state’s economic growth and competitiveness by implementing needed legislative, fiscal and marketplace initiatives. From tort reform targeting rising insurance and worker compensation rates, to building a strong culture of preparedness, and providing targeted industry incentives, Florida offers businesses the right conditions for success and growth.

Competitive Edge in Innovation: Florida is one of the emerging forces in the Innovation Economy due to the state's sustained efforts to create the right conditions for creative, knowledge-based businesses. The state is strategic about its economic development activities, which include funding research & development, attracting venture capital, building state-of-the-art infrastructure, fostering innovative high tech firms, and preparing the qualified workforce to work in them.

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