Top States for Business

8. Florida

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Florida Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE236156B-
INFRASTRUCTURE2271413B
ECONOMY34014A+
LIFE, HEALTH & INCLUSION1294139D
COST OF DOING BUSINESS1552630B-
TECHNOLOGY & INNOVATION1632016C+
BUSINESS FRIENDLINESS922639C-
EDUCATION603619C+
ACCESS TO CAPITAL301622C+
COST OF LIVING153627D
OVERALL1447811

Economic Profile

Governor: Ron DeSantis, Republican 

Population: 22,244,823

GDP growth (Q1 2023): 3.50%

Unemployment rate (May 2023): 2.60%

Top corporate tax rate: 5.50%

Top individual income tax rate: None

Gasoline tax: 61.95 cents/gallon

Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable 

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence