CEOs Nationwide Rank Florida #2 State for Business

Workforce, tax climate and business advantages help Florida edge closer to top spot

ORLANDO, Fla.--()--Chief Executive Magazine today named Florida the #2 state for business in its 2016 Best & Worst States for Business issue. Chief Executive asked more than 500 CEOs to rank states on the friendliness of their tax and regulatory regime, workforce quality and living environment. According to the rankings, Florida’s qualitative measures and economic diversity are bolstering the state’s top rank.

Governor Rick Scott said, “This great news proves Florida is one of the best locations to grow a business. We’ve added more than a million private sector jobs over the last five years, cut taxes more than 50 times and eliminated 4,200 burdensome regulations. Business leaders are recognizing Florida’s pro-growth environment, and we won’t stop growing until the state is number one in job creation.”

The survey asked CEOs to consider three criteria: Taxes and Regulations, Workforce Quality and Living Environment. In most companies, the CEO makes the ultimate decisions about where to locate and/or expand the business, making his or her perceptions of each state critically important.

Florida Secretary of Commerce and EFI president & CEO Bill Johnson said, “We thank Chief Executive Magazine for their continued recognition of Florida’s success as a business state. Florida has been able to define itself as a pro-business state and win competitive, game-changing projects. The state has a very compelling business story that we must continue to tell as we diversify and grow the economy through job creation.”

According to Chief Executive Magazine, Florida continues to transform beyond tourism and is closing the gap between other states. Multiple industries in Florida are expanding, including financial services, life sciences, logistics and aerospace/aviation, which are becoming an increasingly important driver of the state’s growth.

Florida has been placed prominently on the business map with announcements by such industry leading companies as OneWeb, Blue Origin, Embraer, Boeing, Anheuser-Busch and Johnson & Johnson, demonstrating a confidence in the state’s workforce, infrastructure and tax policies.

Beyond the rankings, Florida has clearly demonstrated its increased competitiveness in growing private-sector jobs. The state added 365,700 residents in 2015, pushing the Sunshine State’s population above 20 million. The additional job seekers help Florida consistently outpace the nation in job growth.

Since 1977, Chief Executive has been the community by and for CEOs, a market often impenetrable to outsiders. Chief Executive set the agenda by understanding the unique challenges faced by these top executives, by breathing the air they breathe and by matching their unique point of view. Click here to view the full report.

Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for the state of Florida. EFI facilitates job growth for Florida businesses through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI recently launched “Florida – The Future is Here” to promote the state as the nation’s premier business destination.

Contacts

Enterprise Florida
Sean Helton, 407-340-2149 (mobile)
shelton@enterpriseflorida.com
or
St. John & Partners
Lyndsay Rossman, 202-494-1688 (mobile)
lyndsayrossman@sjp.com