Top States for Business

3. Florida

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Florida Score and Ranking

CATEGORY2025 SCORE2025 RANK2024 RANK2025 GRADE
ECONOMY36311A+
INFRASTRUCTURE2301635B-
WORKFORCE25522A
COST OF DOING BUSINESS1652225B
BUSINESS FRIENDLINESS1472328B-
QUALITY OF LIFE1462238C
TECHNOLOGY & INNOVATION1651216B
EDUCATION522937C+
ACCESS TO CAPITAL5532A
COST OF LIVING104842F
OVERALL158835

Economic Profile

Governor: Ron DeSantis, Republican

Population: 23,372,215

GDP growth (Q1 2025): 1.4%

Unemployment rate (May 2025): 3.7%

Top corporate tax rate: 5.5%

Top individual income tax rate: None

Gasoline tax: 57.80 cents/gallon

Bond rating (Moody's/S&P): Aaa, Stable/AAA, Stable

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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