Some economists are saying that Florida’s economy is underperforming the USA economy overall. That’s tough to believe, but they’re saying it! Here’s a business article from a Florida business journal…
“Florida’s economy has been underperforming the U.S. economy for the past year,” Vitner wrote in his report. “Underperforming the nation is something Floridians are not really used to.”
The last time the state’s economy underperformed the nation was during the 1990-1991 recession and the 1973-75 downturn prior to that. Both of those recessions hit real estate, which Vitner called “the lifeblood of Florida’s economy,” particularly hard, he said.
A wave of hurricanes that resulted in a run-up in insurance costs have complicated the current downturn, while soaring property taxes and battles over congestion and growth management also have taken a toll.
“The Sunshine State still remains an attractive place to do business but has clearly lost some of its luster in recent years. Various rankings of competitiveness show Florida slipping relative to Texas, North Carolina and Georgia,” Vitner said. Read full article at the Jacksonville, Florida Business Journal >
Yes, agreed. The sunshine state remains an attractive place to do business – of all kinds. Florida has a huge influx of people every year. Many of these people are incorporating their businesses or themselves to take advantage of the tax and other benefits Florida incorporation offers. A Florida corporation is not taxed as an individual is. Incorporate your Florida business here at Florida-Incorporation.com using our friendly online incorporation form and easy Paypal payment.
-Vern L, writer for Florida-Incorporation.com
