Posted: April 18, 2024
Northwest Florida - Florida was ranked 4th in Tax Foundation’s State Business Tax Climate Index. The Tax Index is designed to show how well states structure their tax systems and provides a road map for improvement.
Business owners, policymakers, and taxpayers can utilize the Index to determine how their states’ tax systems compare in terms of corporate, individual income, sales, property, and unemployment insurance tax rankings.
Florida’s tax system reduces the cost of doing business by having one of the lowest corporate income, sales, and unemployment insurance tax rates in the Southeast. Policymakers in Florida have worked diligently to assist business owners to lower operating costs through reduced employee turnover from not having an individual income tax.
Florida’s Great Northwest is the regional economic development organization for the 13-county region of the Florida Panhandle. The organization's purpose is to promote Northwest Florida for economic growth and diversification, to advocate for economic development issues that affect the region, and to collaborate to improve regional competitiveness. Beyond our beaches, Northwest Florida offers business competitive, bottom-line advantages in workforce training, upgraded infrastructure, access to a host of defense assets, and a diverse base of industries that already call the region home.
