| There are many benefits to Incorporating in Florida. | | | | were eager to invest in the state's redevelopment. |
| For one, there is an able work force, reflected by | | | | Along with its support of low taxes, the government |
| the fact that Florida's unemployment rate is | | | | has supported specific agendas and organizations to |
| consistently lower than the national rate. Florida is the | | | | encourage business growth, such as Enterprise |
| center of more than a few thriving industries, such as | | | | Florida, Inc. (EFI). |
| aerospace, and the state enjoys strong state | | | | Formed in 1996 to replace the Florida Commerce |
| support for business development, reflected in its | | | | Department, EFI is a public-private partnership |
| pro-business stance on taxes. | | | | responsible for Florida's economic development. EFI |
| Florida is well-known for its outstanding academic and | | | | operates with an agenda to "diversify Florida's |
| research achievement in aviation, aerospace, | | | | economy," while also creating "better-paying jobs for |
| biotechnology, microelectronics, optics, photonics, and | | | | its citizens by supporting, attracting and helping to |
| - of course - real estate development. As such, | | | | create businesses in innovative, high-growth |
| Florida is also an attractive spot for venture capital. | | | | industries." In addition, EFI helps to support such |
| Despite the devastation of having four hurricanes hit | | | | valuable sectors as IT, life sciences, aviation, |
| in a short six-week span in late November 2004, | | | | aerospace, security and defense, and finance and |
| venture capitalists are interested in investing in Florida. | | | | professional services. EFI helps businesses identify |
| In fact, according to the 2005 | | | | land that matches their criteria, and also helps |
| PricewaterhouseCooper NVCA MoneyTree Survey, | | | | determine a business' eligibility for tax breaks and |
| Venture Capital Investment in Florida Companies in | | | | other incentives. |
| the first quarter of 2005 is 99.3 million. | | | | As the Governor, Jeb Bush, recently stated, Florida |
| Florida's economic and business resilience after the | | | | remains "committed to business-friendly policies, low |
| hurricanes was due in large part to the state | | | | taxes and economic diversification." These qualities |
| government's pro-business agenda. Indeed, the fact | | | | favor incorporation in Florida by helping to illustrate |
| that Florida has one of the lowest tax rates in the | | | | the many benefits of incorporating in the Sunshine |
| US helps to explain this quick rebound, as businesses | | | | State. |