Chief Executive, a business magazine, recently named Florida the second best state for business. They released their annual survey recently, rating Texas number one and the Sunshine State second again this year. This is the 12th year in a row that those states took the two top spots.
While not first, Florida shows competitive edge for business aspects.
“The Sunshine State added 1 million private-sector jobs over the last five years, cut taxes 50 times and got rid of 4,200 burdensome regulations. In 2014, it surpassed New York as the third-biggest state for companies to flourish. In 2014, it surpassed New York as the third-biggest state for companies to flourish,” the report said.
Chief Executive contacted 513 CEOs for the survey. They were asked to rank states they were familiar with on friendliness of tax and regulation regime, workforce quality, and living environment. The sentiments of CEOs are great indicators of the state of business around the country in different areas.
“This has been a particularly volatile year,” says Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “Business leaders are challenged with everything from the growing talent shortage and skills gap, to digital transformation to discerning how the presidential election will impact their business.”
North Carolina, Tennessee, and Indiana completed the top five best states for business on the list. Ohio had the biggest gain, climbing from the 22nd to 10th spot during this year.
Florida is the number one best state for business ranked for Chief Executive in the Southeast region.
This great ranking for Florida is important to real estate for several reasons. One, a good business environment applies to the real estate market. This means that if you are considering investing in a piece of commercial real estate through RE/MAX Paradise in Miami, Florida will be a great place to do so. Furthermore, if you want to move to Miami, you may find success in your career because of booming business.