Florida's key strengths in the survey included:
  • Job creation: Florida added 60,600 private-sector jobs in the first quarter of 2017. Florida's annual rate of job growth is 3.2 percent, beating the national rate of 1.7 percent.

  • Business tax climate: Florida ranked well in part because of its low taxes and the absence of an individual income tax.

  • Affordability: The state has relatively low costs compared nationally for labor, land and capital.

A key weakness the report noted was uncertainty about how Florida will fund its economic development efforts, given the budget conflicts taking place in the state legislature. Read the report here.