Florida’s Top Cities for Business Growth: Orlando, Tampa, and Charlotte
Florida, often known as the Sunshine State, is a highly appealing destination for businesses due to its low corporate tax rates and abundant pool of investors. Among the cities in Florida, Orlando stands out as the most attractive market in the US, according to a report by WalletHub.
Small businesses in Orlando have experienced rapid growth, with many of them surviving and thriving. The city’s high number of investors per capita provides new businesses with ample opportunities to secure funding. Additionally, with one of the highest growth rates for the working-age population, Orlando offers businesses access to a large pool of potential new employees.
Tampa also ranks highly as the second-best city for starting a business thanks to its low corporate tax rate and abundance of investors. This provides businesses with additional resources to navigate their initial years of establishment. Tampa also has a large number of startups with a high survival rate on the Entrepreneurial Activity Index.
Charlotte comes in third place and offers a diverse range of industries and some of the lowest corporate taxes in the nation. This encourages companies to reinvest more capital into their business. Other top cities for starting a business include Jacksonville, Miami, Atlanta, Fort Worth, Austin, Durham, and St. Petersburg.
Despite ongoing challenges such as COVID-19 pandemic, Great Resignation and high inflation these cities are well positioned to overcome these obstacles and continue fostering an environment favorable for businesses growth.
