16. Florida

The economy in the Sunshine State is glimmering again, but education issues are dragging down a traditionally strong workforce.

Category
Score
2015 Rank
2014 Rank
Workforce 232 19 3
Cost of Doing Business 162 31 37
Infrastructure 210 16 27
Economy 228 11 (Tie) 11
Quality of Life 146 32 28
Technology & Innovation 154 17 12
Education 101 26 (Tie) 38
Business Friendliness 64 27 35
Cost of Living 36 27 31
Access to Capital 36 15 7
Overall 1369 16 20

Economic Profile

Governor: Rick Scott, Republican

Population: 19,893,297

GDP growth: 2.7 percent

Unemployment rate (May 2015): 5.7 percent

Top corporate tax rate: 5.5 percent

Top individual income tax rate: 0 percent

Gasoline tax: 54 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Walt Disney World Resort, Universal Orlando Resort

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Orlando Business Journal

FULL LIST: 2015 TOP STATES FOR BUSINESS

Latest Special Reports

  • The latest CNBC Fed Survey.

  • Piggybanks navigating a maze

    Americans are still shaken by the pandemic and the volatility of the markets. Many are working to manage the impact on their retirement and savings. The implications of the pandemic and economic volatility and changes in tax laws bring new considerations for individuals and especially those retirees planning for and managing future finances.

  • The Workforce Wire provides news and information on what employers and executives are doing to adapt to the ever-changing workplace.