The Florida Model for Entrepreneurial Success

Published on February 15, 2024

Commentary Florida is the most entrepreneurial state in the nation, based on recent research examining the percentage of the population starting a new business, the percentage of start-ups still active after a year, number of small businesses per 100,000 people, and the growth rate of business applications. The U.S. Census Bureau’s Business Formation data show that Florida is leading the nation with 57,299 new business applications last month alone. Florida’s rates of new entrepreneurship outpace the more populated states of California and Texas, as well as quite large New York and Pennsylvania. Florida’s entrepreneurship and job-creation boom is directly link to a set of policies implemented by the state, first to cultivate a rich macro-environment (designed to keep inflation down and encourage active participation in the workforce) and, second, to catalyze small-business development....

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