CEOs Rank Florida Among America’s Best States For Business
2016 “Best States for Business” Ranking
2016 is a pivotal election year here in the US, and more American executives are voting to relocate to Florida. This month Chief Executive magazine published their annual survey of “Best & Worst States for Business,” and Florida is once again near the top of the ranking for the 12th consecutive year.
Over 500 CEOs nationwide were asked to rank states based on a variety of factors including the quality of their climate, the skills of their workforce, and the amount of tax and regulatory burdens placed upon businesses operating in or relocating to an individual state.
Specifically, the CEOs surveyed by Chief Executive were asked to rank states from 1 (poor) to 10 (outstanding) on 3 key criteria including Taxation and Regulation, Workforce Quality and Quality of Life factors like the crime rate, the cost of real estate, access to transportation, quality of public education, arts and cultural institutions.
Florida Named #2 Best State for Business
Florida was named the #2 Best State for Business, and Chief Executive magazine noted that the Sunshine State continues to rise in the qualitative measures each year just as it has for the past dozen.
Among Florida’s most notable pro-business achievements cited over the past five years have been the elimination of over 4,000 business regulations, the passage of 50 cuts in state taxes, and perhaps not surprisingly, the creation of over 1 million private-sector jobs.
Only Texas placed higher than Florida in the annual survey, but the two states have finished #1 and #2 for the past twelve years thanks to their pro-business, pro-growth policies that serve as a magnet for both US and international companies looking for the most competitive states to start or expand a business.
Patrick Archer is a Broker Associate with Coldwell Banker Commercial Saunders Real Estate in Florida.
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