SWFL Market Trends
South West Florida has maintained a consistent reputation as the perfect business environment for companies of all sizes looking for an environment that is perfect for not just business but offers a great quality of life to both employees and executives. The most obvious benefit of moving your business to South West Florida is the statewide tax breaks given to companies within the state. A 2016 research by Small Business daily on the state of business in the sunshine state revealed that Mall business owners benefit from generous tax breaks, have access to several large markets, and ease of transportation by sea, air, and ground. These benefits are just some of the rewards that any business will get when operating in South West Florida.
In 2014, Florida boasted the fourth largest economy in the US with a gross domestic product of $838.9 billion. The economic growth rate of the state outpaced the US growth rate by half a point that year at 2.7 percent. For 2018, Florida’s economy is predicted to reach a record high of 1 trillion dollars; the University of Florida economist Sean Snaith made this prediction. He explained that the continued growth in the housing market and its job growth outperforming the U.S. labor market is a main factor for the growth. Also, the increasing tourist revenues and taxable sales are further signs of a strengthening economy.
Moving your business to Southwest Florida is a fantastic decision, and it is really not simply for the stunning weather and surroundings; although we must admit, that is apparently a benefit. Here is a list of key benefits that your business can experience when you relocate to Southwest Florida.
- Great Talent Pool
When you choose Southwest Florida for your brand-new business location, you have access to a huge pool of skill. A recent review shared by the University of Florida Bureau of Economic and Business Research records that the working class population between 25-54 is projected to increase by 15.6 percent by 2025.
- Generous Tax Breaks
Many businesses call Florida home due to generous tax breaks. Florida does not have any tax, and there are a variety of tax bonuses that businesses can secure.
- Easy Accessibility
Southwest Florida has multiple access points that make it not just easy to bring in goods put also cheap because you will be able to leverage the competition between the various transport services. There is the SWF AIRPORT TERMINAL, multiple highways, and numerous ports on the Gulf and the Ocean, the transportation system in Southwest Florida will provide your business with the accessibility it requires to expand in Southwest Florida and around the world.
- Standard of living
The quality of life South West Florida offers its residents is almost unrivaled, from the exquisite beachfront’s to the grand Malls, excellent medical facilities, excellent road network, effective law enforcement. Not forgetting to mention sunlight, Let’s face it — sunlight makes people happy, and the Sunshine state has lots of it.
Southwest Florida offers a diverse and energetic culture, with variety being an outstanding feature of the region. The Florida Development reported that in line with the U.S. Census Bureau, Hispanic-owned organizations increased by 39 percent in Lee County between 2007-2012.
We already looked at the growth statistics of South West Florida and it we could see that in 2014, Florida boasted the fourth largest economy in the US with a gross domestic product of $838.9 billion. The economic growth rate of the state outpaced the US growth rate by half a point that year at 2.7 percent. For 2018, Florida’s economy is predicted to reach a record high of 1 trillion dollars; this prediction was made by the University of Florida economist Sean Snaith.
Real estate and tourism remain the most potent drivers of the economic boom in South West Florida, and they show no signs of slowing down.
- Cost of Living
Surviving in Southwest Florida won’t break your budget. The Lee Region, Economic Development website, cited that the expense of surviving in Cape Coral-Fort Myers metro is not even half the expense of residing in NEW YORK, and it is less costly than locations such as Atlanta and Minneapolis.
- Best for WORKPLACE
This benefit is connected to the fact that South West Florida offers a high quality of life for both executives and employees because of its conducive environments, climate and living expense required to live in the region. On the other hand, businesses benefit from the easy accessibility of the area, the states generous tax breaks, non-stringent business laws and much more.
- Diverse Economy
You will not find your business within an oversaturated market in Florida. According to Nerdwallet, Florida houses a variety of business, such as aviation, IT, and logistics, providing economic diversity.