State study recognizes FloridaÆs international appeal
The Florida economy's international focus, as well as its tax rates and education system, would make the state competitive with many independent countries according to Enterprise Florida, the state-managed public-private entity.
In its annual analysis of the state's economic competitiveness, the Enterprise Florida study compares economic conditions in Florida with a half-dozen 'hemispheric competitors,' as well as eight countries in Europe, Asia, and Australia.
'We approached this new study as if Florida were an independent country,' explained John A. Adams Jr., president and chief executive officer of Enterprise Florida.
The study looked at macroeconomic indicators, business environment, and development capacity. It noted Florida is an attractive location for any multinational firm, because of labor availability and cost, office and industrial site rental rates, taxes, telecommunications, and transportation infrastructure.
The study said factors contributing to Florida's global competitiveness and long-term development capacity include education and technology, the 'innovation economy,' entrepreneurship, and the financial system.
The report is available at www.eflorida.com.