What small business owners should know about Florida

Florida is internationally known for its beaches, beautiful weather, vibrant culture, and long list of attractions. Under Governor Rick Scott, the Sunshine State has made great strides in attracting businesses with a variety of tax and labor incentives.

This blog has recently addressed Chief Executive magazine ranking Florida as the number one state for quality of living environment and second for business. Adding to that achievement, Tampa-St. Petersburg has been ranked number 12 on a list of the best U.S cities for small businesses by Biz2Credit.com. The rankings analyzed factors including average revenue, age of business, average credit scores and other financial data, proving that that Florida and the Tampa area in particular is the premier location to base your business, no matter what the size.

"It's not 'your Grandpa's Florida anymore,'" said Rohit Arora, CEO of Biz2Credit, in a statement. "The economy has really picked up there because it is a low-cost state for conducting business, the weather is warm, and housing prices are more affordable compared to major cities like Boston and New York." 

Adding to the perks of owning a business in Florida, Governor Scott recently signed a bill that will create three new sales tax holidays. The state legislature also sponsored the Florida Microfinance Act, which provides avenues for small businesses to access capital as well as provides information, technical assistance and business management training via the Florida Small Business Network.

There has never been a better time to establish your  business in Florida. At On Point Executive Center, we are the region's premier provider of office space in Tampa, as well as virtual personal assistant services. With more than 30 years combined experience in the virtual office and executive suite industry, On Point is ready to make your business's move to Florida as profitable and efficient as possible.