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 Florida
has consistently been the national pacesetter in the
number of new business incorporation's, leading the
nation seven out of the last eight years.
For each of the past ten years, Florida has been one
of the top four states in new corporate facilities and
expansions, including leading the nation five times.
Florida's tax system is among the most advantageous,
from a business perspective in the United States.
Business leaders find Florida less taxing environment:
The corporate income tax rate for C-corporation is
5.5%
No corporate franchise tax on capital stock
No tax on foreign source dividends, as defined by
IRS code
No state personal income tax
No state level-property tax
No property tax on business inventories
No ad valorem taxes on goods-in-transit
No sales tax on boiler fuels, including recycled oil,
waste oil, or solid waste materials used as a fuel
No sales and use tax on co-generated energy or on
co-generation machinery and equipment
Tourism plays an important role in Florida's tax structure.
More than $65 billion in taxable spending was generated
in 2008 by tourism ($33 billion in 1994 / $47 billion in 1999).
To assist companies seeking to locate in Florida, as
well as support Florida companies seeking to expand
within the state, numerous location advantages and incentives
are available:
Workforce Training and Inducement Programs
Tax Incentives/Inducements
Research Development/Technology Programs
Financial Support Services
Small Business Assistance
Florida has been in the top four states in population
growth rates every decade as far back as the 1920's.
The current total population is 18 million +.
The state's prime working age population has increased
over 30 percent within the past ten years, and currently
ranks 4th in the nation with over 10 million people.
Florida's per capita personal income rose nearly 20%
faster than the nation's over the past two years.
Brevard
County is ideally situated on Florida's east coast,
midway between Jacksonville and Miami. It is directly
east of Disney World on the ocean. Its coastal location
with beautiful beaches stretching for 72 miles, attracts
millions of visitors per year who spend in excess of
$2 billion.
The Brevard County economy has undergone a substantial
transformation since the peak of the Kennedy Space Center
construction program in 1969, when the local economy
was based largely on the space program.
The local economic base now includes manufacturing of
electronic equipment and scientific instruments, the
Space Shuttle Program at KSC, citrus production, agriculture
and tourism.
Brevard County ranks among Florida's top ten counties
in terms of:
Small Business Establishments
Total Employment
Labor force growth
Total prime working age (18-44)
Taxable sales
The
County is governed by an elected five member Board
of County Commissioners. Viera is the seat of government
with branch offices in Titusville and Melbourne.
Brevard is also known as a high-tech center of the Southeast.
It is frequently referred to as the "Silicon Valley
of Florida." With a large number of companies,
a diverse economic base and a highly skilled workforce
the County is positioned for unlimited growth.
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