10 Best places to start a business in Florida
Starting a business is incredibly rewarding but can often feel challenging. You need to figure out where to start or how to even navigate the world of entrepreneurship. Don’t worry! Our team of experts has made it easy to provide concrete ideas for the best places to start a business in Florida.
Florida is a former Spanish colony, the 27th state of the United States. People are familiar with the beauty of Florida; it’s gorgeous Sunshine, theme parks, beautiful white sand beaches, etc.
Its moderate climate makes it the best place to start a business all year round.
You only need to have 3 qualities to run a successful business here in Florida – Integrity, Punctuality, and Reliability.
Whether you are fresh out of college or considering a new opportunity to make serious money, chances are in Florida.
You will find a promising startup. Florida is regarded as one of the best states for entrepreneurs and startups.
Why it is best to start a Business in Florida?
With a diverse and hot economy, Florida is not limited to tourism but has all industries that make it a developed state, along with major corporations.
More than 2.5 million businesses are set in Florida and getting lucrative with every sunrise because the rate of business failures is negligible.
From the stats of 2018, Florida’s economy is ranked 4th largest in the United States with $.1.4 trillion just because of the open market and the strategic places of businesses in Florida.
Incredibly affordable living costs are making Florida the best fit to begin. Florida is calling entrepreneurs more appealingly, having no tax law.
Florida is taking the cake once again.
Also Read: Best Places to Live in Florida Panhandle
We have studied over 30 cities, picked the best places, and ranked each according to their startup friendliness and financial, environmental, and demographic cultures.
Deep talent pools, opportunities for funding, and other favorable set-ups attract entrepreneurs to these locations.
Pro Tip: If you are a business beginner, you must write a business plan to find profitability.
Best Places to Start a Business in Florida
These are a best-of mix of gorgeous springs, beautiful beaches, nature preserves, sanctuaries, National Parks, State Parks, and more.
1 – Miami, Florida
Miami has beautiful serene weather; a minimal difference between the winter and summer in Miami.
Miami’s perfect climate and dry temperature made it the best place to Kickstart startups for entrepreneurs.
Do you know? Miami is the second largest city in Florida and the 42nd largest city in the United States.
Miami is the 8th biggest city in the world, and in terms of land mass, it’s 840 miles that are continuing to be developed and is alone the largest landmass for a city in the entire United States.
Plenty of room for new businesses, new ventures, and new opportunities.
Reasons why Miami is the best place to start a business:
Miami is constantly growing, and its economic expansion has been unbelievable since the pandemic.
Miami has low-income households in low poverty, and the median home cost is relatively lower than in other neighborhood cities.
Living at low costs and with the best lifestyle, Miami lets its residents enjoy no state income tax.
Miami is all about having more money in the pocket and less taxes as Florida residents.
Nine other states enjoy this advantage but don’t have the climate, atmosphere, and environment like Miami. This is the reason Miami is known as “The Magic City.”
Companies from Crypto to NFTs to software to wealth management moving down their enormous office staff and giving a new leg up to the future of 2025 and beyond.
No better than this moment to start a business. Miami has the winning business formula not only because of the sunny climate but also because top companies are opening new offices all around Miami.
Remote working freedom to choose where they want to live makes Miami a top destination.
Miami has a new environment with exciting cultures from all over the world; this is the best place to start a business for you.
2 – Doral, Florida – New Downtown
A city in Miami-Dade County, Florida, United States, 13 miles from Downtown Miami and just 1 mile from Miami International Airport. The town typically hosts more than 100,000 people who work in Miami.
Doral is a newer place and newer in cities in Miami; most of the construction is practically distinctive in Doral.
The last 10-15 years is when it started growing and does not stop growing. So, Doral is a sweet spot to start a business.
Doral is one of the top 15 fastest-growing cities in the United States. Over 100 international companies call Doral home because of its location and space distribution, providing ample room for growth.
The per capita income is $51,000, and the median home price is $450,000.
The facts and details on Doral change daily, as there is a continuous trend in increasing income, population, and more and more employment.
So these demographics make Doral a magnetic place to start a business. This is really a place to make money on a large scale.
Doral is recognized as a hub of international trade. It is an excellent place to do business because of its ideal place for marketing and location.
The business community in Doral is the most vibrant in South Florida, with many different sectors, including logistics, health, flower import, and hospitality.
Home to Fortune 500 companies with government headquarters, such as Carnival, Cruise Lines, and Walmart brings.
3 – Maitland, Florida
Maitland, Florida, is a marvelous smaller suburb of Orlando with fertile land.
Adjacent to the city of Winter Park and just outside of Downtown Orlando. Maitland is a quaint town with a ton of opportunities close to action.
Growing downtown, significant cities (Miami, Tampa, Sarasota, and Ft. Lauderdale) in the neighborhood, no hectic distance to airports, and a strong and stable economy make Maitland the best place to start a business.
Business expansion to next-level opportunities is diverse and fast because taxes are relatively low.
The highest average revenue per business is reported at about $4.8 million.
Don’t worry about not having sufficient money to start a business, as National Entrepreneur Center in Orlando offers free business talks and small loans for your startups.
The small business development center of the University of Central Florida was initiated to provide support for enthusiasts in starting a business.
4 – Sebring, Florida
A city in south-central Florida, the county seat of Highlands County, Sebring, Florida, United States, nicknamed “The City on the Circle.”
With affordable housing, great weather, and an inland low hurricane impact area, Sebring is the best place to start a business in Florida.
The economy of Sebring largely depends on fertile land for cultivating citrus and other nursery feed products.
In a recent census, over 1,500 businesses are registered in Sebring generating a revenue of $1,102,234 with a 0.33% growth rate.
The unemployment rate in Sebring is steadily decreasing from the national average of 6.4%.
The western side of Sebring also has golf course communities and things for everyone.
Sebring is the best place for someone from up north who just wants to get out of the snow. That mainly restricts them from expanding their business because of traffic jams in the snow and other headaches. Here in Sebring, you don’t need to deal with snow, traffic jam, expensive housing, and developments.
5 – Coral Gables, Florida
A city home to the University of Miami is known for its gorgeous mansions, historic buildings, and Spanish architecture, top trending restaurants, coffee shops, golf courses, excellent education system, lowest crime rate, and much more.
With a population of 49,036, residents earn a median income of $69,375 a year by attaining all the benefits of having a workforce for local businesses.
Catering and tourism is the finest and hot opportunity to start establishing a business in Coral Gables but pay attention to the boutiques too.
Over 12,000 businesses are registered, and Coral Gables has interestingly earned the highest median income tag.
A workforce 24/7 remains active at the University of Miami to offer you a free consultation for establishing a small business.
6 – Naples, Florida
Downtown Naples is one of the fanciest places you will ever meet. Naples is, in fact, one of the most incredible cities you will ever experience.
Naples offers a vibrant culture, abundant talent, and a wide range of resources for entrepreneurs to start a business inexpensively.
Naples, Florida’s economy is hot and thrives on tourism. Its lovely climate and vibrant attractions with year-round tourist season offer diverse income opportunities.
5500 Home businesses with a higher ratio than the national symbolize a business-friendly community.
Small Business Development Center in Florida Gulf Coast University backs entrepreneurs looking to start or relocate a business with no benefits in return.
7 – Palatka, Florida
Palatka is located between Jacksonville and Orlando in northern Florida, offering the state’s lowest living costs, $7416 per year.
13 years ago, Palatka had a population of just 1,000 and a median household income of $25,000. However, since then, Palatka has changed.
Offering vast opportunities in small businesses with long-lasting customer relations. With more than 1,500 registered businesses, Palatka’s average ROI per business is nearly $2,200,114.
Entrepreneurs and small businesses benefit from the Small Business Development Center at the University of North Florida by taking the free edge.
8 – Orlando, Florida
Orlando is the destination of dreams, a worldwide home of unforgettable moments, and a place of mind-blowing innovation that goes beyond fairy tales.
Orlando is a world-class business destination in America. It fosters dream-up possibilities with low-cost living, extraordinary doors to start different business channels and breathtaking beauty. Orlando is a destination like no other.
Tourism is fueling the economy more rapidly, not only limited to tourism information technology, networking, tech markets, education, and transportation are also bridging the gap.
9 – Jacksonville, Florida
Located in the center of Florida and has a well strategic transportation manner that has been a significant cause of increasing economic growth since 2011.
In recent times, Jacksonville has been an affordable living place supporting a strong workforce with a stable network and customer relations.
Jacksonville has a diverse economic network, including banking, education, insurance, medicine, infrastructure, international airports, and a railway track.
10 – Lake Mary, Florida
In Central Florida, on the north side of Orlando, Lake Mary is generally regarded as one of the best places to start a business.
Lake Mary is growing in number of residents; as per the latest census, Lake Mary has a population of 17,221 with family-oriented households. The average revenue generated in the business city is $1,512,329.
The great thing about Lake Mary is all the high-tech employers there are. SunGard and Fiserv Inc. are the top-ranked financial service technology companies sparking other entrepreneurs to start businesses. Entrepreneurs are going to have a lot of great opportunities for startups.
Look also for other cities to start a business in Florida that offers the highest chance of success and makes you lots of money.
We are done with our best research to provide you insights into cities that have negligible failure rates, including:
These above cities have fantastic beauty with excellent locations.
How to Find the Best Business Location to Start Your Own Business?
Many things to consider when looking for the best places to start a business in Florida. You have to consider your average monthly turnover when considering the business location.
Here are 12 significant aspects that should be taken while looking for a business location.
1 – Choose a location by demographics and foot traffic base.
2 – Never forget about accessibility and parking.
3 – Always aim to get a business location where you can compete.
4 – Check an image and history of the site.
5 – Type of location and office space your business requires.
6 – How much can you afford for rent or purchase?
7 – What businesses are nearby?
8 – How easy is the location to access for your customers?
9 – Consider other utilities and other costs.
10 – Try to find a place with a high demand for your business.
11 – You must consider possible plans for the future to expand your business.
12 – Choose the location wisely by focusing on culture.
Conclusion
Choosing the best place with a perfect location for your business is essential because it is an excellent factor in increasing your sales and production. Having the best place in Florida cities will also help attract the right kind of customers.
We will love to hear your thoughts on how fantastic the Sunshine State is. You can come over and tell us your favorite part of Florida.
Important Note: It is always essential to have a lawyer review the lease agreement before signing.
