Florida is known for its lush scenery, luxurious resorts, citrus production, and fun outdoor activities. Long adored by tourists, entrepreneurs may want to take a second look also. There are good reasons to enjoy the fun while taking advantage of the Florida business environment.
Government Employs Pro-Business Policies
Florida leaders recognize the advantages of economic development offers. As such, Florida has implemented policies that keep companies coming back to the state:
- Florida recently cut approximately 2,800 business-related regulations.
- Unlike many states, Florida offers expedited, consistent, and less expensive permitting.
Business owners may find that Florida offers a streamlined regulatory experience. Reducing compliance headaches is a bonus. In addition,
Agreeable Tax Structure Adds to the Florida Business Environment
Companies often consider minimizing tax burdens a priority. Florida businesses enjoy limited corporate taxes compared to other states. Also, Florida does not collect a personal income tax. Both employers and employees benefit.
Incentive Programs Are Attractive to Business
Florida offers programs that encourage companies to bring their business here:
- Capital Investment Tax Credit—This offers a tax credit against corporate income tax for eligible companies.
- Quick Response Training – This program assists new companies and existing companies with employee training.
- Incumbent Worker Training Program – Qualifying companies can access training that helps current employees.
Additionally, the Florida business environment offers a wide range of financial resources from state and private sources.
Reopening Status
Governor Ron DeSantis moved Florida to the final phase of its reopening plan on September 25. Phase 3 includes reopening restaurants and bars. Additionally, employers are encouraged to get their employees back to work.
Safety and the potential for a recurrence of COVID-19 are also addressed. Florida’s plan notes that employers should take precautions to keep sick employees from work and resume non-essential travel as needed. Businesses that offer personal services – like beauty salons and barbershops – can open but should continue to use approved disease mitigation practices.
As we continue to re-open our economy, the Florida business environment hopefully will have a robust recovery.
Is the Florida Business Environment Tempting You to Start a Business?
That’s great, but make sure your ventures start out on the right foot. Hiring a Florida business lawyer means you get the experience and knowledge needed to set up and run your company.
Attorney Richard Sierra at the Florida Small Business Center assists clients like you with business and litigation matters. As always, Our Goal Is to Help You Succeed™. For an appointment, you may call us at 1-866-842-5202 or use the contact form on our website. We represent clients throughout the State of Florida, including Coral Springs, Coconut Creek, Boca Raton, Delray Beach, Pompano Beach, Sunrise, Fort Lauderdale, Miami, West Palm Beach, Jupiter, Deerfield Beach, Stuart, Port St. Lucie, Orlando, Naples, Fort Myers, Sarasota, Tampa, and surrounding communities.