12. Florida

The Sunshine State is not only an attractive destination for visitors, it is also a great place to get some capital for your business.

The red and white Florida flag
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 261 15 27 C+
Economy 249 10 9 B+
Infrastructure 206 12 8 B+
Cost of Doing Business 171 29 31 C+
Quality of Life 174 24 23 C-
Education 73 39 36 D
Technology & Innovation 102 20 7 B-
Business Friendliness 122 12 16 B
Access to Capital 68 4 4 A
Cost of Living 21 30 26 C-
Overall 1447 12 10 -

Economic Profile

Governor: Ron DeSantis, Republican

Population: 21,299,325

GDP growth Q4 2017): 2%

Unemployment rate (May 2018): 3.4%

Top corporate tax rate: 5.5%

Top individual income tax rate: None

Gasoline tax: 41.99 cents/gallon

Bond rating: (Moody's/S&P): Aaa, stable/AAA, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence