Learn more about relocating or expanding to Florida

Florida business climate, manufacturer incentives, and advantages of FL communities

Relocate or Expand to Florida - U.S. Industrial Expansion & Relocation Guide for Manufacturing Companies - Learn more about the Florida business climate, manufacturer incentives, and advantages of FL communities. Helping decision makers at U.S. manufacturing establishments find new locations to relocate or expand.
Florida Business Data*

Florida

Population: 18,537,969
Total Labor Force: 9,453,700
Unemployment Rate: 6.1%
Number of Manufacturers: 13,727
Manufacturing Jobs: 446,952
Right to Work: Yes
Unemp. Ins. Tax: 1.03–5.4%
 
Corporate Income Tax:
5.5%. No corporate income tax on limited partnerships or subchapter S Corps. State uses a “Single Factor Gross Receipts” apportionment formula.

Sales Tax:
6%. Exemptions include: Machinery & equipment used by a new or expanding manufacturer; electricity used in manufacturing; certain boiller fuels used in manufacturing; semiconductor, defense, and space technology-based transactions involving manufacturing equipment.; machinery and equipment used in research and development. Zero sales tax for Florida manufacturers purchasing equipment in Florida.

Property Tax:
No property tax on business inventories or goods-in-transit for 180 days. Property tax exemption on new or expanding businesses.

Leading Manufacturing Industries:
(by % of total manufacturing employment)
11% Electronic and other electric equipment
10% Fabricated metal products
10% Food and kindred products
9% Printing and publishing
9% Industrial machinery and equipment

Largest Manufacturing Establishments:
(by number of employees)
Harris Corp. (Palm Bay) - 5,000
Lockheed Martin Corp., Missiles & Fire Control Div. (Orlando) - 3,700
United Space Alliance, LLC (Cape Canaveral) - 3,500
CSX Corp. (Jacksonville) - 3,300
Siemens Energy, Inc. (Orlando) - 3,000
 
Counties with the Most Manufacturing Jobs:
Miami-Dade - 63,839
Broward - 52,601
Duval - 48,549
Orange - 47,898
Pinellas - 43,995

Cities with the Most Manufacturing Jobs:
Jacksonville - 48,051
Miami - 40,282
Orlando - 39,570
Tampa - 34,564
Fort Lauderdale - 16,275

Manufacturing Related Business Incentives:
• Enterprise Zone Tax Credits
• No State Personal Income Tax
• Qualified Target Industry Tax Refund (QTI)
• Qualified Defense and Space Contractor Tax Refund (QDSC)
• Capital Investment Tax Credit (CITC)
• Jobs for the Unemployed Tax Credit Program (JUTC)
• Quick Response Training Program (QRT)
• Incumbent Worker Training Program (IWT)
• Economic Development Transportation Fund
• Rural Community Development Revolving Loan Fund; Rural Infrastructure Fund
• Brownfield Redevelopment Bonus Refund
• High Impact Performance Incentive Grant (HIPI)
• Local Government Distressed Area Matching Grant Program (LDMG)
• Manufacturing and Spaceport Investment Incentive Program


Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:

Business Development Board Of Martin County
The official Economic Development Organization for Martin County, FL. Our mission is to promote economic growth by retaining existing targeted businesses and attracting desirable new business while preserving the quality of life.
1002 S.E. Monterey Commons Blvd., Ste. 203, Stuart, FL 34996 (Map & Aerial View)
(772) 221-1380
www.yesmartinfl.com




Looking to reach Florida manufacturers? Access the Florida Manufacturers Database compiled by MNI.



*Manufacturing stats updated on 3/18/2014. All other stats updated on 3/18/2014. Listings updated on 4/20/2014.

a service of Manufacturers' News, Inc. - directories & databases since 1912