Florida Recognized as #1 State for Renewed Consideration Post-Recession

Area Development Magazine survey results rate Florida tops among site selectors

Today, Governor Rick Scott announced that Florida ranked No. 1 for Renewed Consideration Post-Recession by Area Development Magazine. This latest recognition is the second from the magazine this year, as Florida was awarded a Silver Shovel Award from Area Development earlier this summer.

Governor Scott said, “This is great news and is more recognition for what Enterprise Florida and its partners are doing to create jobs for Florida’s families. We have not only been recognized by business development experts for our pro-business climate but CEOs around the nation recognized Florida as the No. 2 state to do business earlier this year. Our unemployment rate was again below the national average at 7.1 percent for July and we have created nearly 370,000 private-sector jobs in a little over two years. IT’S WORKING in Florida.”

Area Development Magazine is a national trade publication that recognizes economic development around the country. The editors from Area Development surveyed a selected group of highly respected location experts who work directly with a national client base. They were asked to pick their top five state choices in 14 site selection categories.

Over the last fiscal year, 172 companies have expanded in Florida creating 25,393 jobs with a total capital investment of more than $1.9 billion. Some of the major competitive project wins include:

  • Navy Federal Credit Union – two projects in Pensacola totaling 2,200 new jobs and more than $200 million in capital investments.
  • Hertz Corporationnew worldwide corporate headquarters in Estero, creating 700 jobs and $68.75 million in capital investments.
  • Verizon Communications – new finance and accounting Center of Excellence in Lake Mary will create 300 jobs by the fourth quarter of 2014, with a total of 750 new jobs by 2016, and a $50 million capital investment.
  • Deutsche Bank Securities Inc. – two projects totaling 560 new jobs and more than $20 million in capital investments in Jacksonville.
  • Actavis, Inc. – a specialty pharmaceutical company is creating 220 new jobs and $40.5 million in capital investments in Davie.
  • Mobiquity – leading professional services company is creating 260 new jobs in Gainesville.

“The continued expansion and relocation of businesses to our state is a testament to our supportive business climate at the local and state levels,” said Secretary of Commerce Gray Swoope, president & CEO of Enterprise Florida. “We appreciate Area Development Magazine’s continued recognition of our relentless pursuit of competitive economic development projects that benefits Florida’s communities and families.”

In addition to its top ranking for Renewed Consideration Post-Recession, Florida was also ranked among the best states in Area Development including:

  • No. 2 for Access to Capital & Project Funding
  • No. 3 for Most Diverse Labor Pool
  • No. 5 for Overall Business Climate
  • No. 5 for Corporate Tax Environment
  • No. 5 for Leading Work Force Development Programs

“With more than 369,100 new jobs in our state and 7.1 percent unemployment rate, the lowest since December 2010, our economy is back on track and Florida is becoming the best place in the nation for business,” said Florida Department of Economic Opportunity Executive Director Jesse Panuccio. “Numbers are only part of the story of Florida’s economic recovery. Perhaps more important, is that the conversation about Florida has changed in the business community and that our economic growth is recognized and reported to businesses in national trade publications like Area Development Magazine.”

Florida’s economic turnaround continued in fiscal year 2013, as economic development projects brought increased jobs and capital investments to the state. The number of competitive jobs projects won last year was up nearly 24 percent over fiscal year 2012, resulting in the creation of 41 percent more private-sector jobs and nearly 30 percent more capital investments.


Enterprise Florida, Inc. is a partnership between Florida’s business and government leaders and is the principal economic development organization for the state of Florida. Enterprise Florida’s mission is to facilitate job growth for Florida’s businesses and citizens leading to a vibrant statewide economy. In pursuit of its mission, Enterprise Florida works closely with a statewide network of economic development partners and is funded both by the State of Florida and by private-sector businesses.


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