Thinking about starting a business? According to WalletHub’s latest study, Florida is the place to be! The Sunshine State has been ranked the #1 spot to launch a business in 2025, thanks to its strong economy, fast-growing workforce, and favorable tax policies.
Between 2016 and 2022, the number of small businesses in Florida grew by nearly 16%, one of the highest rates in the country. The state also has the second-most startups per capita and ranks high for business revenue growth. Plus, the cost of doing business is relatively low, making it a great environment for new ventures.
Florida also boasts an enthusiastic labor force, with a fast-growing working-age population. While it might be known for its retirees, Florida’s working crowd is growing quicker than almost any other state, ensuring that business owners can find the talent they need.
So, if you’re looking to start something new, Florida’s business-friendly policies, affordable living, and thriving entrepreneurial scene make it the ultimate destination to turn your dreams into reality!
