Talent Supply & Education

Innovation & Economic Development

Infrastructure & Growth Leadership

Business Climate & Competitiveness

Civic & Governance Systems

Quality of Life & Quality Places

Business Climate & Competitiveness

Indicator Measure     Most Recent Value Rank Trend More Info
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Unemployment Rate 7.2% Decreasing View
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Retail Activity 135.9 Decreasing View
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Building Permits 7.8K Increasing View
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Broadband Access 72.0% 22 Decreasing View
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Business Tax System Index 6.5 5 Decreasing View
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Workers' Compensation Costs $1.7 40 Decreasing View
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Employment Cost Index $26.5 Increasing View
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State Liability System Rank 41.0 Decreasing View
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Unionized Workforce 5.8% 37 Decreasing View
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Employment - Monthly 8.7M Increasing View
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CEO Ranking 2.0 2 Decreasing View
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Effective Business Tax Rate 6.3% 7 Increasing View
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Economic Investment Return $19.5 Increasing View
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Economic Freedom Index 6.5 Decreasing View
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Regulatory Freedom 7.6 Decreasing View
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Median Home Price $160.0K Increasing View
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State Leading Index 2.0% Increasing View
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Manufacturing Output $37.1B Increasing View
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State Coincident Index 146.1 Increasing View

Business Climate & Competitiveness

Florida ranks among the nation’s best states for businesses and entrepreneurs because of its fiscal policies and targeted financial incentives promoting innovation. However, employers are threatened by high business costs, including real estate and utilities, as well as property and gross receipt tax burdens. Continuing to monitor and improve the state’s comparative advantages is critical to securing Florida’s position among the most business-friendly climates in the world.

Pillar Resources and Policy Research:

Recommendations for Boosting Investment, Economic Growth, and Job Creation in Florida a briefing paper from the Florida Council of Economic Advisors at Florida TaxWatch published in early 2010 presents an overview of current economic conditions and specific fiscal, budget and economic recommendations for Florida.
Florida Has Made Limited Progress in Streamlining Business Processes In 2010, the Office of Program Policy Analysis & Government Accountability examined options for consolidating the business and tax registration functions currently residing within multiple state agencies and establishing an online business one-stop portal.
Small Business Issues And Recommendations published in September 2010 by the Florida Office of Small Business Advocate, this briefing paper highlights the results of a statewide survey and conference identifying the top 10 issues facing small businesses in the state.
Grading Places: What Do the Business Climate Rankings Really Tell Us? Economic Policy Institute’s 2005 report presents a critical look at five major ranking indices which claim to measure the capacity or potential for economic growth. Rankings of states and cities are widely cited and repeated and often provide rationale for changing public policy to enhance a state’s prospects for growth.
Fair and Predictable Taxes on Florida’s Employers Florida employers need stability and predictability in the taxes they pay to fund government priorities. The Florida Chamber supports predictability in taxation pay and opposes tax proposals that will discourage investment in capital or jobs.
Florida’s Competitiveness 2010 a report from Enterprise Florida, highlights the state’s overall economic competitiveness, benchmarking the state’s progress in reaching its economic development goals both relative to its own past performance and relative to the competition.
Florida Trend news magazine provides insights, highlights, successes, analysis, and statistics on a variety of business topics in Florida. Annual special reports include Economic Outlook, Industry Outlook, Florida Innovation, and Florida Research.

Pillar Partners and Resource Links:

Orlando Inc.'s Connecting Florida for Global Competitiveness: Florida's Super Region http://www.orlando.org/clientuploads/myregion/cfgc_flsuperregion.pdf
Florida Taxwatch's International Trade: A New Pillar of Florida's Economy? http://www.floridataxwatch.org/resources/pdf/Eco33.pdf
OPPAGA's Florida Has Made Limited Progress in Streamlining Business Processes http://www.oppaga.state.fl.us/MonitorDocs/Reports/pdf/1022rpt.pdf
Florida Chamber of Commerce http://www.flchamber.com
Enterprise Florida http://www.eflorida.com
Office of Tourism, Trade and Economic Development http://www.flgov.com/otted_home
Florida Office of Small Business Advocate http://www.floridaosba.org
Florida Agency for Workforce Innovation, Labor Market Statistics Program http://www.labormarketinfo.com
Florida Tax Watch http://www.floridataxwatch.org
Florida Small Business Development Center Network http://www.floridasbdc.com