Why Businesses are Moving to Florida: A Comprehensive Guide

Despite the fact that there has been an influx of companies in the state, office rents have remained extremely low. Florida has affordable office and industrial rentals throughout the state, allowing companies to save millions by moving their corporate spaces to the Sunshine State. It's no secret that Florida is home to some of the best climates in the U. S., with warm temperatures and sunny skies.

The state also has some of the best restaurants, cultural attractions and overall quality of life in the country, not to mention its pristine beaches. One of the main drivers of the influx in recent months has been that the state managed to reopen businesses before other large shopping malls while managing the COVID-19 crisis. Florida's education system has also improved tremendously, and investments in the state's infrastructure over the past few decades have created an environment built for the future. While the COVID-19 pandemic may have served as a catalyst for some businesses to move to Florida today, the momentum behind this movement has been building up for years.

As Suárez pointed out, Miami is an international city today due to decades of families who left troubled countries in Latin America and the Caribbean to build their homes in Miami. This diversity is one more reason why companies seek out Florida.The confluence of Florida's smart tax structure, welcoming attitude of public officials, high quality of life, and bright future will likely make businesses come to the state for many years to come. Businesses are still coming to South Florida, regardless, or possibly due to, the COVID-19 pandemic, a new outbreak of inflation and now, a world-shaking war in Eastern Europe. The move is another example of the flood of companies heading to the Sunshine State, and a continuation of strong numbers that show Florida a national leader during the pandemic in attracting new businesses or becoming a home for new businesses.Bob Swindell, president and chief executive officer of the Greater Fort Lauderdale Alliance, the economic development division of Broward County, said out-of-town businesses are looking for lifestyle benefits they might not find in northern cities.

He mentioned a financial services firm that was in town last week looking for a possible location in Fort Lauderdale. A company executive who already lives in the area talked about schools, available staff, talent, lifestyle and fiscal climate among his colleagues.Kelly Smallridge, President and CEO of the Palm Beach County Business Development Board, said the state provides businesses with more clarity on the regulatory environment they face. She said many companies perform full comparative analysis of how their current locations match potential landing points in Florida. Factors include taxes, cost of labor, housing and transportation, and their ability to attract a workforce with the right skills.Legions of northerners flocked to Florida as visitors, new homebuyers, and short-term new business operators once it became known that residents and customers could roam streets and neighborhoods and even eat outside amid limited or no restrictions.

Many chose Florida as a great fresh air haven with its beaches and open green spaces, even though its urban areas have become more densely populated over the years. But Kingsley said the state already had momentum toward developing new businesses, with an estimated 1,000 people moving south daily before the pandemic.Many of the businesses he advises are those that went dark during the pandemic and are now run by people with fresh investment money. High demand is reflected in rising liquor license prices. This week Miami businessman Sergio Aguirre announced that he will open his first location for a laundry pick-up and delivery business franchised by Mr Jeff in Coral Gables.

The company now operates in 30 countries.Customers place an order through a proprietary application to have their clothes picked up at home with a promise that their clean clothes will be returned within 48 hours. Aguirre who came across this idea while living in Mexico hopes to expand to Tampa Orlando and Jacksonville.As economy recovers from global COVID-19 pandemic The Florida Chamber of Commerce is encouraging employers to move to Florida with its new “Open for Business” campaign. Recent trends show that major employers and corporations are considering relocating employees and operations from high-cost states such as New York and California to high-value locations with low cost of living.Florida is prime location to consider with its competitive offerings and business-friendly employment-friendly climate. Florida has NO state income taxes and ranks fourth in country for its business tax climate unlike New York Illinois and California which currently ranks second in country for fiscal stability resulting in AAA bond rating.Florida is known for its excellent climate recreation and culture while offering affordable cost of living say goodbye cold winters Sarasota's average temperature January is 71 degrees.Due different tax structures other considerations that have long-term impacts businesses individuals planning move should seek competent legal advice.Tech companies are moving to Florida en masse thanks this influx talent state-first business mindset absence state income taxes most demanding business leaders are also beginning reflect their business needs many taking note nearly 900 people who move Florida every day.Rodríguez webinar discuss current trend why more companies should consider moving part operations Estado del Sol according Bush this mentality approach stark contrast those other mayors public officials city who have “taken granted some big companies areas which led many companies consider changing locations.NewDay USA mortgage lender targeting military veterans will move 600 employees into building when opens second U.From business-friendly climate Florida offers employers clarity regulatory environment face competitive offerings business-friendly employment-friendly climate smart tax structure welcoming attitude public officials high quality life bright future make businesses come state many years come.