[Orionsdolph]

Florida ranks 2nd on 2023 Best States to Start a Business Report



1) Utah
2) Florida
3) Texas
4) Colorado
5) Idaho
6) Georgia
7) Arizona
8) Nevada
9) Oklahoma
10) California


All 50 states ranked in link below
https://wallethub.com/edu/best-state...business/36934

[Orionsdolph]

Methodology



Business Environment – Total Points: 50

-Average Length of Work Week (in Hours): Double Weight
-Share of Engaged Workers: Double Weight
-Growth in Number of Small Businesses: Full Weight
-Startups per Capita: Full Weight
-Growth of Average Business Revenues: Double Weight
-Five-Year Business Survival Rate: Full Weight
-Industry Variety: Full Weight
-Industry-Cluster Strength: Full Weight
-Entrepreneurship Index: Double Weight
-Share of Fast-Growing Firms: Full Weight
-“Digital States” Survey Grade: Full Weight
-Job Growth (2022 vs. 2018): Full Weight
-GDP Growth (2021 vs. 2020): Full Weight
-Percentage of Residents Who Are Fully Vaccinated Against COVID-19: Double Weight


Access to Resources – Total Points: 25

-Financing Accessibility: Full Weight
-Venture Investment Amount per Capita: Full Weight
-Human-Capital Availability: Double Weight
-Higher-Education Assets: Full Weight
-Share of College-Educated Population: Full Weight
-Working-Age Population Growth: Full Weight


Business Costs – Total Points: 25

-Office-Space Affordability: Double Weight
-Labor Costs: Double Weight
-Average Annual Single Insurance Premium per Enrolled Employee: Full Weight
-Corporate Taxes: Full Weight
-Total Effective State & Local Tax Rates on Mature Corporate Headquarters: Full Weight
-Total Spending on Incentives as Share of GDP: Full Weight
-Cost of Living: Full Weight

[Tsitsipas]

For a small business that only serves the local area, I'm sure FL presents some great opportunities. But the bigger the business, the more wary I'd personally be of locating in FL. I just think it has (suddenly) become a very politically polarizing state, and with that comes the risk of boycotts. For a large company that wants to serve a wider customer base, I'd say it's better to be in a state that is more low-key and not so hell-bent on attracting the ire of half the country.

[beach43ofus]

I own a small business that serves the 48 contiguous states, and all of Canada.

My business has increased since I moved it to Florida ~5 years ago from Atlanta.

I spend 0 on advertising, 0 on new sales, so the increase must be due to my new location...the Free State of Florida.

[Nerad]

Originally Posted by Tsitsipas

For a small business that only serves the local area, I'm sure FL presents some great opportunities. But the bigger the business, the more wary I'd personally be of locating in FL. I just think it has (suddenly) become a very politically polarizing state, and with that comes the risk of boycotts. For a large company that wants to serve a wider customer base, I'd say it's better to be in a state that is more low-key and not so hell-bent on attracting the ire of half the country.

That’s not just a FL issue as the cancel culture is everywhere.

For large corporations with specific workforce needs, FL can be a challenge. FL is also at the end of the distribution spoke in the US as well. Truckers hate going to FL as freight hauls in but not much goes out.