Why investing in Florida makes cents.
Are you a seasoned investor or owner looking to expand your footprint in the commercial real estate market? Or are you possibly looking for just the right industrial land for the next big manufacturing or distribution center? If you answered even a maybe to either of those questions, investing in Florida real estate makes cents.
Why Florida? Let’s look at a few reasons. First is the tax advantages. Progressive legislation has ensured that Florida has a stable and highly favorable tax climate for every type of business. We have no corporate income tax on limited partnerships, no state personal income tax, no property tax on business inventories and so many more Our tax advantages ensure that Florida will remain a worldwide hub for new and expanding businesses.
Next, Florida offers a very long list of sales and use tax exemptions on a multitude of items. Some of these many items are labor, parts and materials used in repair of and incorporated into machinery and equipment, certain boiler fuels (including natural gas) used in many manufacturing processes, electricity used in the manufacturing process, aircraft parts and modifications as well as maintenance and repair of qualified aircraft. The list is long and extensive! For a much more in depth list, click on the link provided here https://www.enterpriseflorida.com/why-florida/business-climate/tax-advantages/.
Also, another factor to consider is Florida is host to regional and global headquarters of companies from all over the world. We are a dynamic international banking center and a diplomatic hub with a Consular Corps representing 85 nations. Florida ranks 4th among all U.S. states in employment by majority foreign-owned firms. To facilitate Foreign Direct Investment (FDI), Florida’s EB-5 Regional Centers offers the opportunity for foreigners to obtain their permanent U.S. residency while investing in Florida through the EB-5 Visa Program. The reasons are endless as to why Florida is one of the most attractive and vibrant trade centers in the world.
With over 65 years of experience in industrial real estate experience, our firm offers unparalleled expertise and insight into what Florida has to offer businesses looking to locate, relocate or expand. Call us today for our unique and homegrown perspective on our beautiful state!