Top States for Business

11. Florida

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Florida Score and Ranking

CATEGORY  2022 SCORE  2022 RANK  2021 RANK  2022 GRADE 
WORKFORCE274612A-
INFRASTRUCTURE221135B
COST OF DOING BUSINESS1813032B
ECONOMY267411A
LIFE, HEATH & INCLUSION1113940F
TECHNOLOGY & INNOVATION1481628B-
BUSINESS FRIENDLINESS793937D-
EDUCATION991927B
ACCESS TO CAPITAL26225C-
COST OF LIVING242728C
OVERALL14301117

Economic Profile

Governor: Ron DeSantis, Republican

Population: 21,781,128

GDP growth (Q1 2022): -1.3%

Unemployment rate (May 2022): 3%

Top corporate tax rate: 5.5%

Top individual income tax rate: None

Gasoline tax: 43.55 cents/gallon

Bond rating: (Moody's/S&P): Aaa, stable/AAA, stable

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

Genesis Fuentes, PhD student, watches a simulated encounter at the Lab for Applied Social Science Research at the University of Maryland, where they are developing Virtual Reality in police de-escalation training, in College Park, MD.
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