10. Florida

Jobs and the overall economy brighten the Sunshine State, but education and the high cost of living cast shadows.

Top States Florida
Source: George Kavallines
2016 Rank
2015 Rank
Workforce 246 14 19
Cost of Doing Business 161 32 31
Infrastructure 211 10 16
Economy 270 4 11 (Tie)
Quality of Life 181 26 32
Technology & Innovation 148 17 (Tie) 17
Education 103 26 26 (Tie)
Business Friendliness 77 22 27
Cost of Living 35 28 27
Access to Capital 37 14 15
Overall 1469 10 16

Economic Profile

Governor: Rick Scott, Republican

Population: 20,271,272

GDP growth: 3.1 percent

Unemployment rate (May 2016): 4.7 percent

Top corporate tax rate: 5.5 percent

Top individual income tax rate: 0 percent

Gasoline tax: 54.98 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Walt Disney World Resort, Universal Orlando Resort, NextEra Energy, Inc.

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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  • The personal and economic pain from the COVID-19 pandemic is being felt all over the world. As a result of this unprecedented disruption, businesses owners and employees are dealing with an immeasurable level of suffering and facing scenarios they never could have imagined. Through expert analysis and advice from proven business leaders, The Path Forward explores the extraordinary challenges businesses are facing and offers ideas to help owners navigate this global crisis and thrive once again.