Posted on Thursday, January 26, 2012
A state with a strong history of ranchers and pioneers would argue Florida is a state of working people, not just retirees – and the latest figures prove the point. Florida, believe it or not, is about business. With its attractive tax structure, multiple international airports, highly ranked health care providers, seaports and highway systems the state is starting to look like a place a business could grow. Since most of the world sees Florida as a great resort destination (which it is and some people never go back home!) this business thing deserves some discussion.
The Naples of my youth (well 20’s anyway) was more about tourism with some of the best retailers in the business. Back then many of the retailers would close up shop at the end of the tourist season and head back up north. Naples and the State of Florida have come a long way since then.
Arthrex is here, perhaps the single most significant addition to the Naples business community in a while. Don’t overlook the tremendous strides Naples Community Hospital (NCH) achieved with a top state ranking for cardio and orthopedic care in recent years. I-75 and I-4 allow easier drives to Naples from the midwest and east coasts and our modern Southwest Regional Airport accepts multiple international flights. When I first started visiting Naples it was required to fly to Miami first, then jump on Provincetown Boston Airways (PBA) airplane (oh how I miss those guys flying an old tail draggers) and land at the local airport (now essentially a private jetport). Anyway you get the idea. It is easy to get here from most anywhere.
Now back to business. Not only is Naples building better infrastructure and welcoming some new business the state as a whole is doing well. Today The Tax Foundation and Florida Realtor reported “Wyoming, Florida and Texas rank among the 10 best (most favorable) states for taxes on business, while companies in states like New York, New Jersey and California have a far less pleasant tax climate, according to the Tax Foundation’s State Business Tax Climate Index, now in its 8th edition.” They go on to say “‘Even in our global economy, a state’s stiffest and most direct competition often comes from other states’ says Tax Foundation economist Mark Robyn. The 10 best states in this year’s Index:
2. South Dakota
6. New Hampshire
I like Florida’s odds at this point. The state’s population is growing again, the state’s trying to open its arms to business and the tropical climate and winter weather is tough to beat. We may be seeing more than the retiring baby boomers headed to Florida – look for companies to join in the migration as well.
No legal or investment advice or suggestions are being given in this Blog. Actual real estate price and sales results are subject to market forces and are not completely predictable. Please consult a lawyer or investment advisor for such legal and investment advice. The writings of this Blog are intended for the sole use of our clients.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA
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