Florida small business ranked among the top 10 best states for regulatory business climate, according to a study from the San Francisco-based Pacific Research Institute.
Florida, which ranked No. 9 overall, came in about average for its state workers’ compensation programs and ranked No. 33 for having low minimum wages, but ranked No. 16 for least burdensome state unemployment insurance cost and scored among the top states for family leave mandates and for being a right-to-work state.
Florida business also saw an increase in employment, while the nation saw a decrease, and annual pay was also slightly higher than the national average.
Florida also ranked 6th for having the least burdens for start-up and annual filing regulations. This is especially important for those who want to start a Florida small business.
If you are interested in starting a business in Florida, whether you are a U.S. resident or a foreign individual, then contact Boyer Law Firm, P.L. today to see how we can assist you.