A new report by the Kaplan Group shows that Florida is leading the nation when it comes to new business applications.
“It’s 44,666 new business applications, and the state is leading the nation in total new business applications. Entrepreneurial activity is booming, reflecting the state’s business-friendly policies as it signals strong long-term economic growth,” said Dean Kaplan, President of The Kaplan Group.
Companies starting business in the state listed the factors as why they chose Florida.
Low taxes, a growing population, and increased investment in small business development. Other reasons why Florida’s rise in business applications suggested the state’s pro-business attitude, including no personal income tax and incentives for startups, are attracting entrepreneurs.
The combination of relatively affordable living costs and access to a large consumer market makes it an ideal location for new businesses.
The Kaplan Group also points out that Florida boasts the fourth largest economy in the US, further cementing its attractiveness to entrepreneurs.
And the new business application boom isn’t temporary. Businesses like the long-term view of what the state is proposing, an economic expansion.
The study shows that companies see the state not only boosting short-term economic activity but also setting the foundation for sustained job creation and business investment.
In 2024, the state’s economy grew at double the national average in 2024, showing that the state is poised to continue its growth trajectory.
What’s Next:
“With Florida leading the nation in new business applications, competition will be high. Entrepreneurs should focus on market research, digital strategies, and scalability to stand out in a rapidly growing business environment,” says Dean Kaplan, President of The Kaplan Group.
Florida’s strong business formation trends signal continued economic growth, job creation, and expanding opportunities for startups and small businesses. Understanding these trends can help policymakers, investors, and business leaders anticipate the state’s economic trajectory.
