Florida, known as the Sunshine State, has become a top destination for businesses due to its favorable corporate tax rates and high number of investors. Among the cities in Florida, Orlando stands out as the most attractive market for new businesses.
A report from WalletHub shows that the city has a high percentage of small businesses that have survived and thrived, thanks to greater opportunities to obtain funding. This is largely due to the high number of investors per capita in Orlando. The city’s investor-friendly environment provides new businesses with the resources they need to succeed and grow.
In addition to its investor base, Orlando also boasts one of the highest growth rates for the working-age population, ensuring that businesses have access to a potential pool of talented employees. This makes it an ideal location for startups looking to establish themselves and thrive.
While Tampa also ranks highly as a favorable city for starting a business, it lags behind Orlando in terms of investor per capita and growth rate for the working-age population. However, Tampa’s low corporate tax rate and entrepreneurial activity index make it an attractive location for businesses looking to establish themselves and thrive.
Other cities that rank highly for starting a business include Charlotte, Jacksonville, Miami, Atlanta, Fort Worth, Austin, Durham
