Florida's economy encourages the growth of high tech companies. Florida led the Southeast and ranked 4th nationwide in high tech employment in 2006. Some of the other industries that have recorded significant economic growth in the state include professional & business services, trade, transportation, construction, leisure and hospitality, education and health services, and others. Florida leads in international trade and investment. The total value of merchandise trade flowing in and out of the U.S. via Florida has nearly doubled in the last decade, reaching $109.75 billion in 2006.

Florida is consistently ranked as one of the top pro-business states, and for a number of good reasons. It has a favorable business environment, with a low corporate income tax rate and no state personal income tax.

In addition, Florida offers competitive cost-of-doing-business, especially when compared to other high tech states. The state is also one of only a few right-to-work states in the U.S.

The federal government allocates over $2 billion annually to two highly competitive programs that encourage start-up businesses to capitalize on commercialization opportunities.

Another area important to the state economy is the establishment of corporate headquarters in Florida. Corporate headquarters is defined as those facilities that support international, national or regional (multi-state) operations for relatively mature companies with distributed operations and centralized strategic and management activities. In Florida, Corporate Headquarters has been designated as a High Impact Business Sector, eligible for certain incentives.

Florida has become one of the most desirable states in the country in which to conduct business. The State consistently leads the nation in new business incorporations. With one of the largest supplies of business parks, an advantageous business tax system, transportation availability, 14 foreign trade zones, an abundance of electrical power, and a large population of skilled human resources, Florida provides everything that a business requires to function.

A corporation is a distinct legal entity formed for the express purpose of conducting business activities, while protecting its shareholders from personal liability. The LLC is a relatively new type of hybrid business structure that is now permissible in most states. It is designed to provide the limited liability protection of a corporation and operational flexibility and pass-through taxation advantage of a partnership.

Business in Florida, Miami, US, Economy, Foreign Trade, High tech, largest economy, world, Access, Latin American, Caribbean, US markets, Regional headquarters, international business, trade, Master, International Business

Business in Florida, Miami, US, Economy, Foreign Trade, High tech, largest economy, world, Access, Latin American, Caribbean, US markets, Regional headquarters, international business, trade, Master, International Business