While some states’ economic outlooks appear cloudy at best, Florida’s financial future remains bright. This week the Florida Chamber of Commerce released the details of its 2016 Competitiveness Agenda, a detailed legislative blueprint that dovetails nicely with Governor Rick Scott’s pro-growth plans. The Chamber’s agenda offers strong support for two key Scott initiatives: a call for $1 billion in tax cuts to attract new businesses to the state.
Importantly, neither the Chamber nor the Governor show any sign of slowing down on their pro-growth agendas. Florida’s recent successes are encouraging those in business leadership and civic leadership to double down on their efforts to ensure that Florida’s economy continues to rebound at its current quick pace. Late last year, the Sunshine State surpassed New York as the third-most populous state in the nation. Each day, Florida grows by more than 800 people. The 2016 “State Business Tax Climate Index” from the nonprofit Tax Foundation once again ranks Florida among the top ten; this year, Florida takes the number-four spot thanks to its business-friendliness and nonexistent individual income tax.