Northwest Florida - In recent months, Florida was ranked #2 in a survey by Chief Executive to discover what states are the best for doing business. In this survey, Chief Executive polled more than 600 American CEOs from every state to understand and gain perspective on the business climates in each state. In this survey, the CEOs also provided how each state’s business climate has changed and why this affects their rankings.
For every state, this ranking provides insights to global CEOs, when trying to understand where they should take their business. In the Chief Executive Survey, 49% of the CEOs interviewed said they were “more open to examining new location for your business”, 44% said they were “considering opening or expanding new operations or facilities in a new state,” while 35% were considering shifting operations to a new state.
In Florida, this ranking is very beneficial for investors and CEOs to see what all Florida has to offer when starting a business or relocating a business. For example, Florida is ranked as having the 4th best tax climate in the country. This ranking reflects the 5.5% corporate tax rate, no personal income tax, and no payroll tax in the state’s climate.
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.
Entrepreneurship and Innovation in Florida
In 2020, Florida patented 5,513 inventions recorded by the USPTO. As a result, there has been a startup boom, with more than 50,000 monthly business applications since 2020.
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U.S. News has recognized Florida as a top-ranking state in economy, education, and job growth.
In recent months, U.S. News has recognized Florida as a top-ranking state in economy, education, and job growth. These achievements represent the growth and continued development occurring within the Sunshine State.
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U.S. News and World Report Ranks Florida #1 in Higher Education
Florida was recently ranked #1 in the country for Higher Education by the U.S. News and World Report. This ranking reflects the 74%, 4 Year College Graduation Rate, as well as the 62%, 2 Year College Graduation Rate.
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Northwest Florida Capitalizes on Aerospace Opportunities at Farnborough International Airshow
Florida’s Great Northwest (FGNW) led a local delegation to the Farnborough International Airshow in mid-July aiming to attract aerospace companies to consider Northwest Florida as a prime location for aviation business success. FGNW was a host sponsor of the SelectFlorida Pavilion and was surrounded by other major aerospace players in Florida, including two Pensacola-based companies, Paradigm Parachute & Defense and Viewpoint Systems.
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APPLICATION WINDOW NOW OPEN FOR CLASS III OF NORTHWEST FLORIDA’S REGIONAL LEADERSHIP PROGRAM
Northwest, FL – Applications are now being accepted for Class III of Leadership Northwest Florida, a regional collaboration program offered by Florida’s Great Northwest Foundation.
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FloridaCommerce Secretary Explores Regional Opportunities on Familiarization Tour Hosted by Florida's Great Northwest
Economic Development Project Wins and Industrial Site Readiness were the Focus of the Tour
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Florida Ranked 4th in Military Defense Spending in The Nation
In Florida, the aviation and military industry plays a vital role in the state's economy. Recently, Florida was ranked 4th in military defense spending in the nation. This ranking represents $30.2 Billion and 5.4% of the Department of Defense's total expenditures in the United States. Most of this spending contributes to the state's aviation and aerospace industry.
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Florida was ranked 4th in High Tech Employment
Florida was ranked 4th in High Tech Employment by CompTIA research.
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REGIONAL COLLABORATION PROGRAM CELEBRATES ITS SECOND CLASS OF GRADUATES
At a closing retreat and graduation ceremony on May 17, 2024, Florida’s Great Northwest (FGNW) Foundation honored its new graduates from Leadership Northwest Florida, a regional collaboration program focused on community, content, and connection.
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