A recent study by Simplify LLC revealed that Florida is among the top US states for starting a business in 2024.

Analyzing data from the Census Bureau, Bureau of Economic Analysis and Federation of Tax Administrators, the survey classified the 50 US states, plus Washington, DC, into seven key categories related to entrepreneurship and the business environment.

Florida excelled in several areas, which contributed to its privileged position in the overall ranking.

Among the most significant factors boosting the state's ranking were the net migration of skilled workers, job creation and consumer spending.

In terms of net migration of skilled workers, Florida took first place, with an impressive 144,915 new professionals moving to the state in the last two years.

It also recorded a solid 12.7% increase in job creation, ranking sixth in this respect.

Consumer spending also rose significantly, with an increase of 3.4%, ranking the state fifteenth.

Florida's corporate tax rate was ranked twentieth with an excellent rate of 5.5%, with a 7.9% increase in new business formation.

Business success also featured prominently, with 12.7% of respondents saying that their business was "performing excellently".

The figures reflect the advantages of investing in a state that continues to attract entrepreneurs and investors due to its favorable business environment.

Businesses to open in Florida

Florida, with its diverse and prosperous economy, offers a number of business opportunities with high profitability potential.

Here are some ideas:

1 - Tourism and Hospitality.

Florida is a popular tourist destination, attracting millions of visitors every year. Opening a boutique hotel, vacation rental service, themed restaurant or exclusive travel agency can be highly profitable.

2 - Real estate.

The real estate market in Florida has historically been strong.

Investing in long-term rental properties, vacation rentals or even developing real estate projects can offer substantial returns.

Selecta Realty is a real estate company specializing in Brazilian investors who want to invest in the Florida real estate market, dollarize their assets and get excellent returns on their investment.

Contact us, get the support of the best brokers in the region and understand how to make a smart investment in the USA.

3 - Health and well-being

With the growing awareness of health and wellness, opening a luxury spa, a high-quality gym, a holistic wellness center or even a natural and organic products store can be a good business opportunity.

4 - Technology and Innovation

Florida is emerging as a center of technology and innovation, especially in sectors such as biotechnology, space technology and information technology.

Investing in promising startups or opening a technology consulting company can be highly profitable.

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5 - Education

With a diverse and constantly growing population, there is a growing demand for quality educational services. Opening a nursery, private school, tutoring center or higher education institution can be a lucrative opportunity.

6 - Food and drink

The food and beverage sector will always be a popular choice.

Opening a unique restaurant, an artisan coffee shop, a craft brewery or even a gourmet food store can attract local customers and tourists alike.

7 - Renewable Energy

With the growing interest in clean and sustainable energy, investing in solar, wind or other forms of renewable energy can be a smart choice in Florida, where the climate favors these technologies.

8 - Convenience Services

With many people's fast-paced lifestyles, services that offer convenience are always welcome.

This includes everything from automatic laundries and delivery services to home cleaning and personal organization companies.

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It's important to bear in mind that strategic planning is the key to the success of any business, so remember to carry out detailed market research and draw up a solid business plan before starting any venture.

Also, consider factors such as local regulations, competition and market demand when assessing the viability of any business idea.

Florida has emerged as one of the top destinations for entrepreneurs in 2024, offering a unique combination of job opportunities, economic growth and consumer spending.

Take advantage of this opportunity and develop a successful business in Florida.