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The
Benefits Of Incorporating In Florida
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by:
Eddie Tobey
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There
are many benefits to Incorporating in Florida. For one, there is an
able work force, reflected by the fact that Florida’s unemployment rate
is consistently lower than the national rate. Florida is the center of
more than a few thriving industries, such as aerospace, and the state
enjoys strong state support for business development, reflected in its
pro-business stance on taxes.
Florida is well-known for its outstanding academic and research
achievement in aviation, aerospace, biotechnology, microelectronics,
optics, photonics, and – of course – real estate development. As such,
Florida is also an attractive spot for venture capital. Despite the
devastation of having four hurricanes hit in a short six-week span in
late November 2004, venture capitalists are interested in investing in
Florida. In fact, according to the 2005 PricewaterhouseCooper NVCA
MoneyTree Survey, Venture Capital Investment in Florida Companies in
the first quarter of 2005 is 99.3 million.
Florida’s economic and business resilience after the hurricanes was due
in large part to the state government’s pro-business agenda. Indeed,
the fact that Florida has one of the lowest tax rates in the US helps
to explain this quick rebound, as businesses were eager to invest in
the state’s redevelopment. Along with its support of low taxes, the
government has supported specific agendas and organizations to
encourage business growth, such as Enterprise Florida, Inc. (EFI).
Formed in 1996 to replace the Florida Commerce Department, EFI is a
public-private partnership responsible for Florida’s economic
development. EFI operates with an agenda to “diversify Florida’s
economy,” while also creating “better-paying jobs for its citizens by
supporting, attracting and helping to create businesses in innovative,
high-growth industries.” In addition, EFI helps to support such
valuable sectors as IT, life sciences, aviation, aerospace, security
and defense, and finance and professional services. EFI helps
businesses identify land that matches their criteria, and also helps
determine a business’ eligibility for tax breaks and other incentives.
As the Governor, Jeb Bush, recently stated, Florida remains “committed
to business-friendly policies, low taxes and economic diversification.”
These qualities favor incorporation in Florida by helping to illustrate
the many benefits of incorporating in the Sunshine State.
About the Author
Incorporating
in Florida Info helps big and small businesses learn the
benefits of incorporating in the Sunshine State, and also provides
detailed information and advice about the Florida Department of
Incorporation. Incorporating in Florida Info is the sister site of Forex Broker Web.
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