The small business landscape in Florida is currently thriving, fueled by low interest rates, government incentives, and a strong tourism economy. Florida has become one of the best states in the U.S. to start and grow a small business.
The state's hot economy has created the perfect breeding ground for entrepreneurship, with over 100,000 new business applications last year alone. Florida now boasts over 3 million small businesses, employing nearly 4 million people.
Entrepreneurs are finding Florida an enticing place to start their businesses, thanks to the warm weather, beautiful beaches, and lack of personal income tax. Miami, in particular, has benefited from an influx of tech talent and VC money, making it one of the hottest places in the U.S. to launch a disruptive startup.