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Why invest in Florida?

About Florida

Florida is the sunshine state and the perfect destination to set up a business or just invest in. Be it real estate or tourism or construction or food processing or any industry, an investment in Florida could flourish. The state offers ample opportunities and is extremely tax friendly for investors. The climate, the geography and the economy are all highly suitable. The state has a huge population of baby boomers, who are the best steady target audience for a lot of businesses. Florida today is the fastest growing state in the country and is the number one investment destination. Transport facilities both by road and water are highly favorable. The state offers all services that an investment needs and helps multiply your capital in the best way there is. There are even some great tech incubators and research hubs in the state to assist investments.

It has not only become a popular destination for the urbane-hep lifestyle, but also a great holiday and recreation destination. Apart from that, Florida has grown in many other segments and categories that make it a superb destination for investments.

Geography

They say Florida is the Sunshine State and they very rightly say so. The temperature here varies between 60° F and 81° F which is mild and pleasant for a comfortable living.

The state is mostly a peninsula, surrounded by the Gulf of Mexico, Atlantic Ocean and Straits of Florida on the three sides. Most of the land in Florida is low lying, the highest point in the state being at 345 feet above sea level.

The state sits above vast amounts of limestone bedrock. The terrain is easy and comfortable. Florida is a geographically well-place and comfortable for investments and business to a very large extent.

Economy

Florida is an economically sound and buzzing state. Florida is the 4th most populous state in the USA, has the 4th largest labor force and the 4th highest number of businesses in the country. It also has the 4th largest GDP among all the 50 states in the USA. In terms of the total employment of population in the high tech industries, Florida again stands 4th. It is the 5th largest producer of exported goods and the 9th largest recipient of FDI in the entire USA. Tourism plays a pivotal role in the economy, bringing in the major share of revenue. Tourism generates more than 1 million jobs per annum, and the state receives over 97 million tourists each year. The state is known for its citrus fruits. It produces 40% of the world's oranges and accounts for 75% of the orange consumption in USA. It also produces best quality grapefruits, tangerines, market-ready corns and tomatoes. Cattle and dairy products as well as fisheries are important industries. Many defence and scientific research companies are also located in Florida. Construction is becoming a booming industry here and Miami is the centre of international trade.

Lifestyle - Quality of Life

Florida offers a great quality of life. Owing to the budding tourism industry, the state has a lot of things to do and places to go to. There are umpteen beaches, club houses, watering holes, golf courses, world-class shopping destinations, restaurants, theatres, etc. The real estate market is great. The housing as well as recreational facilities are ample and the amenities are really excellent in Florida. It is like living a lifelong vacation!

Education

Florida stood 4th on the number of high schools on US News and World Report in 2013. It houses the highest percentage of high school students taking the advanced placements test. Florida has a specific state university system and a Florida college system apart from public and private schools and institutions. The state is home to some very popular universities like the Florida State University, University of Florida, University of North Florida, University of South Florida, University of West Florida, Florida International University, etc. There are about 28 community colleges and state colleges in Florida. There are numerous good public and private primary and secondary schools in the state too. Every Florida resident lives within 50 miles of a post secondary learning institute.