COMPETITIVE ADVANTAGE
FLORIDA RANKS AS A TOP STATE IN TERMS OF TAX POLICY WITH NO STATE PERSONAL INCOME TAXES AND LOW CORPORATE INCOME TAX. South Florida has seen an influx of wealth as new residents have migrated for the tax friendly benefits. Within the South Florida MSA, there are incentives to businesses and corporations relocating and expanding. Incentives include: Targeted Jobs Incentive Funds (TJIF) - Miami Dade County Miami-Dade offers a range of targeted incentives — including tax credits, tax refunds, and grants — designed to attract and grow businesses in high-impact industries such as life sciences, clean energy, financial services, and technology. These programs support both new and expanding companies, rewarding job creation, capital investment, and economic growth throughout the region.
FLORIDA IS A TOP 5 STATE IN OVERALL TAX BURDEN
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TAX
State Business Rent Tax and County Surtax on Commercial Leases eliminated October 1 st 2025
Cost of Living Comparison
#: RANK | *NATIONAL AVERAGE IS 100
Cost of Living Comparison
300.0
Miamidda.com
#1
250.0
Job Growth Incentive - Broward County The incentive is a direct cash incentive paid to companies creating jobs in excess of the 115% of the County's average annual wage, up to $2,000 per new job or $200,000 per company.
200.0
#6 #8 #9
#12
#28 #20 #23 #32
150.0
#128
Broward.org
100.0
Job Growth Incentive Grant Program - Palm Beach County Incentives are paid on the number of new jobs created as well as residents relocating to the county. Eligibility and size of grant based on number of jobs created over a specified time period.
50.0
0.0
New York (Manhattan)
San Francisco
Los Angeles Boston Washington D.C.
Fort Lauderdale
Palm Beach Miami
Chicago
Atlanta
Discover.pbcgov.org
The Council For Community And Economic Research
Cushman & Wakefield | Why South Florida
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