Why Are So Many Companies Moving to Florida

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Learn why businesses are heading to the Sunshine State and what you need to know if you're considering a move. author image Written by: Jennifer Dublino, Senior Writer Updated May 29, 2024 Editor Verified: Chad Brooks, Managing Editor Business.com earns commissions from some listed providers. Editorial Guidelines. How to move your company to another state In recent years, Miami and other Florida cities have gained recognition as prime locations for newly formed businesses and businesses relocating from other states.


In the first four months of 2024 alone, 163,992 new businesses formed in Florida. In addition, many established companies of all sizes have decided to make Florida their home. Securities and Exchange Comm list of oman cell phone numbers ission (SEC) data shows that Florida was the No. 1 state for corporate relocations in 2023, with 86 percent more corporations moving their headquarters there than moving out. Whether you’re starting a new business or relocating offices, learn why Florida is an attractive option and get tips for starting or moving your company there.


FYI If your business growth plan includes relocating to Florida, consider that LinkedIn Economic Graph team researchers listed Tampa Bay, Jacksonville and Miami-Ft. Lauderdale among the top 10 cities for economic growth. Why are companies moving to Florida? Rising costs and oversaturation in areas such as Silicon Valley, Silicon Beach and New York City make them prohibitively expensive, leading many business owners to consider relocating. Here are 12 reasons they’re choosing Florida. 1. Businesses are rethinking priorities after the pandemic.