By Mark Wilson, President & CEO, Florida Chamber of Commerce & Foundation
In so many areas, Florida continues to shine as a beacon of economic opportunity, solidifying its position as a leader in innovation, business attraction, and workforce development, as showcased in the Florida Chamber Foundation’s 2025 Florida Economic Forecast. Through strategic initiatives, legislative advancements, and a commitment to fostering earned prosperity for all, Florida is building a robust foundation for long-term success.
Another Year of Economic Growth
Over the past year, Florida has celebrated remarkable economic milestones that highlight the strength and diversity of its economy:
- 147,900 new jobs created, marking a 1.5 percent increase in annual job growth.
- Florida now has 10 million people working meaning Florida now has more jobs than the population of 40 states.
- Ranked #1 in the nation for new business startups, with 53,871 businesses formed in December 2024 alone.
- Outpaced national real GDP growth, expanding 3.8 percent compared to the U.S. average of 2.7 percent.
- Led the nation in net income migration, attracting $4.12 million in net income per hour – which is 3.5 times Texas.
Additionally, Florida’s strategic geographic location and world-class infrastructure have fueled a surge in international trade. Businesses across diverse industries are leveraging Florida’s ports and connectivity to expand their reach into Latin American, European, and Asian markets.
Legislative Wins Fueling Job Growth
Pro-business policies championed by Florida’s legislature have played a pivotal role in sustaining economic momentum. The Florida Job Growth Grant Fund has been instrumental in expanding workforce development and infrastructure investments, ensuring communities across the state remain competitive.
Tax incentives for small businesses continue to foster entrepreneurship and innovation, while Florida’s low-tax, business-friendly environment makes it a premier destination for companies seeking stability and growth.
Strengthening Workforce Development
A skilled workforce is the backbone of economic success, and Florida is investing in preparing its residents for the jobs of the future. The Florida Chamber Foundation’s Future of Work Florida initiative is helping equip Floridians with the education and training needed for high-demand industries, including technology, healthcare, advanced manufacturing and more.
Public and private colleges and universities are collaborating with industry leaders to develop tailored programs that address workforce needs. Apprenticeships, on-the-job training, and certifications are opening pathways to secure, well-paying careers.
Florida’s K-12 education system is also evolving to meet the demands of a changing economy. STEM-focused programs are preparing the next generation of innovators and problem-solvers, ensuring Florida’s workforce remains globally competitive.
Industries Driving Economic Expansion
Florida’s economy thrives on its diversity, with sectors ranging from aerospace and life sciences to financial technology and tourism. Key industry highlights include:
• 26,900 new jobs in healthcare and social assistance over the past year, reflecting a 2.1 percent growth.
• A record-breaking year for tourism, with three consecutive quarters of record visitation.
• Space Florida’s rapid expansion, adding 8,000 jobs in the aerospace sector—a 60 percent increase.
• As tourism evolves, the state is embracing sustainable practices and eco-tourism initiatives to attract conscientious travelers while preserving Florida’s natural beauty.
Site Readiness and Infrastructure Investments
Florida’s focus on site readiness and infrastructure improvements is a key factor in attracting businesses and accelerating growth. Pre-approved development sites allow companies to launch operations more quickly, bringing jobs to communities faster.
Infrastructure investments further enhance Florida’s logistical capabilities. Recent highlights in billions include:
- $15.5 billion in transportation investments to reduce congestion and improve supply chain efficiency.
- $5.2 billion for highway construction and maintenance, adding 140 new lane miles.
- $109.6 million in seaport infrastructure improvements.
- $334.2 million for aviation advancements.
- $960.6 million for rail and transit projects.
The Florida Chamber’s Infrastructure Coalition knows these strategic investments are ensuring Florida remains a top choice for businesses looking to expand.
A Vision for the Future
As Florida builds on its successes, our state remains focused on fostering innovation, economic diversification, and opportunity for all. By prioritizing investments in technology, education, and infrastructure, Florida is setting the stage for continued economic leadership.
The Florida Chamber of Commerce is driving prosperity by uniting government, businesses, and education. This collaboration is laying the groundwork for an economy that benefits every Floridian—whether in urban centers or rural communities.
Florida’s story is one of resilience, collaboration, and ambition. It is more than a place to visit—it is a place to thrive, innovate, and succeed. With its strategic advantages, dynamic workforce, and forward-thinking leadership, Florida is well-positioned to remain a national and global leader in economic development for years to come.
