The Sunshine State, Florida, is a highly attractive destination for businesses due to its low corporate tax rates and abundance of investors. In particular, Orlando has experienced rapid growth in small businesses, with many surviving and thriving, making it the most attractive market in the U.S. According to a report by WalletHub.
New businesses in Orlando have ample opportunities to secure funding as the city boasts a high number of investors per capita. Additionally, with one of the highest growth rates for the working-age population, Orlando offers businesses a pool of potential new employees, further enhancing its appeal.
Tampa also ranks highly as the second-best city for starting a business thanks to its low corporate tax rate and abundance of investors. This provides businesses with more resources to navigate the challenging initial years of establishment. The city also has a large number of startups with a high survival rate on the Entrepreneurial Activity Index.
Charlotte, ranking third, offers a diverse range of industries and some of the lowest corporate taxes in the nation. This encourages companies to reinvest more of their capital. The top 10 cities for starting a business also include Jacksonville, Miami, Atlanta, Fort Worth, Austin, Durham, and St. Petersburg.
Despite ongoing challenges posed by COVID-19 pandemic, Great Resignation and high inflation these cities are well positioned to overcome these obstacles and continue fostering a favorable environment for businesses
