Doing Business in Florida

In Florida, business and government leaders work together to create an environment in which business and industry thrive. It is an environment that is particularly friendly for entrepreneurs.

In Florida, land and construction costs are reasonable, taxes are stable and a wide variety of incentives are available to new and expanding businesses. Property, high-tech talent and the cost of doing business are more affordable in Florida than in most states including California, Massachusetts, or Minnesota.

In addition to these attributes, the lifestyle in Florida is the envy of the world. It is a state of exceptional beauty including environmentally significant lands, magnificent beaches, and a rich history. Housing is affordable in Florida and there is no state income tax.

Florida Accolades

  • Florida’s economy is the eighth largest in the Western Hemisphere
  • Florida’s economy is the 15th largest in the world
  • Florida has 14 hospitals listed among America’s Best Hospitals
  • Florida ranks 2nd in the nation on TechNet Broadband Index
  • Florida’s 4th graders are ranked 8th in the nation
  • Florida’s economy grew fastest among the ten largest states
  • Florida is the 9th top job-creating state
  • Florida’s Embry-Riddle Aeronautical University ranked #1 for related engineering
  • Florida has positive job market growth
  • Florida’s tax system is ranked 7th nationally among business-friendly states
  • Florida had eight cities among Intel’s list of 100 best for wireless accessibility. 

Business Incentives

Florida’s stable economy and highly favorable tax climate enhance its position as a profitable location for business and industry. Incentives for which a particular business may qualify include but are not limited to the following.

Targeted Industry Incentives

  • Qualified Target Industry Tax Refund, up to $6,000 per qualifying new job created.
  • High Impact Performance Incentive Grant, for pre-determined high-impact facilities.
  • Qualified Defense Contractor Tax Refund, up to $5,000 per new qualified job created.
  • Capital Investment Tax Credit, annual tax credit for up to 20 years for qualifying projects. 

Working/Training Incentives

  • Quick Response Training Incentives, customized training for qualifying projects.
  • Incumbent Worker Training Program, new skills training for qualifying existing employees. 

Road Infrastructure Incentive

  • Economic Development Transportation Fund, up to $2 million for qualifying road projects. 
  • Special Opportunity Incentives
  • Permit Streamlining, expedited permit review process for high impact companies. 

Local Incentives

  • Volusia County Department of Economic Development assists the city in marshaling resources as needed for incoming qualified businesses; incentives for financial resources may be available for qualified projects.
  • Ad Valorem Tax Abatement, real estate and personal property tax abatement for qualified businesses. 

TAX ADVANTAGES

  • No Corporate income tax on limited partnerships
  • No corporate income tax on Subchapter S Corporations
  • No state personal income tax guaranteed by the Florida Constitution
  • No corporate franchise tax on capital stock
  • No state-level property tax
  • No property tax on business inventories
  • No property tax on goods-in-transit for up to 180 days
  • No sales and use tax on Florida goods produced for export
  • No sales tax on the purchase of raw materials for specified qualifying uses
  • No sales/use tax on boiler fuels
  • No sales/use tax on co-generation of electricity 

Florida State Licensing Agencies
Many businesses and professions in Florida require a state license. The following list includes many of the most common licenses. Because new requirements are added periodically, it’s important to check with your industry trade group for the most recent information. Or, to locate the appropriate agency with jurisdiction over your industry, check with the state telephone operator (850/488-1234) or on the web at www.myflorida.com click on 411.

Department of Business and Professional Regulation
850/487-2252 or 850/487-1395

Certified Public Accounting

850/487-1395

 

Architecture and Interior Design

Landscape Architecture

850/487-1395

 

Professional Geologists

850/487-1395

 

Athlete Agents, Talent Agents

850/487-1395

 

Auctioneers

850/487-1395

 

Barbers

850/487-1395

 

Cosmetology

850/487-1395

 

Community Association Managers

850/487-1395  

 

Construction Industry

904/487-1395

Alarm Systems Contractors Electrical Contractors

850/487-1395

 

Employee Leasing, Industrial Hygienists

850/487-1395

 

Funeral Directors and Embalmers

850/487-1395

 

Pilot Commissioners

850/487-1395

 

Asbestos Consultants

850/487-1395

 

Professional Engineers

850/521-0500

 

Professional Surveyors and Mappers

850/487-1395

 

Real Estate Appraisers

407/487-1395

 

Veterinary Medicine

850/487-1935

Department of Health-Division of Medical Quality Assurance
850/488-0595

Acupuncture, Medicine, Dentistry, Electrolysis, Midwifery, Physical Therapy, Dietetics and Nutrition, Occupational Therapy, Respiratory Care, Chiropractic, Hearing Aid Specialists, Optometry, Podiatry, Clinical Social Work, Marriage and Family Therapy and Mental Health Counseling, Massage Therapy, Orthotists & Prosthetists, Athletic Training, Opticianry, Dental Laboratories, Pharmacy, Naturopaths, Speech-Language Pathology, and Audiology, Clinical Laboratory Personnel, Psychology and Nursing.

Nursing Assistants

850/488-0595

 

Agency for Health Care Administration

850/488-0595

 

Nursing Homes and Long-Term Care
850/488-5861

 

Home Health Care

850/414-6010

 

Adult Congregate Living Facilities

850/487-2515

 

Department of State

850/245-6500

 

Games Promotions, Private Investigative Agencies, Unarmed/Armed Guards

850/487-1395

 

Check Cashing Services

850/410-9805

 

Department of Agriculture and Consumer Services

850/488-3022

 

Motor Vehicle Repair, Telemarketing, Travel Agents, Health and Exercise Clubs

850/488-2221 or 800/435-7352 (in Florida)

Department of Children and Families

850/487-1111

 

Day Care Centers

850/488-4900

 

Volusia County (District 12)

386/947-4052

 

Florida Office of Insurance Regulation

850/413-3140

 

Bail Bondsmen and Runners Insurance Companies, Pre-Paid Legal Plans

850/413-3137

 

Department of Banking and Finance

877/693-5236

 

Security Broker, Certified Capital Companies

850/410-9805

 

Home Improvement Finance, Retail Installment Sales, Mortgage Broker

850/410-9805

 

Plant Nurseries

352/372-3505

 

Pesticide Specialists

904/488-3731

 

Department of Highway Safety and Motor Vehicles

Automobile Dealers

850/617-3003