Under the leadership of Gov. Rick Scott, the revival of the Florida economy has been marked by annual job growth and tourism rates that outpace the national average. The inextricable link between Florida’s investment in its tourism industry and this economic recovery is affirmed by the statistics.
The business rent tax is the only state-sanctioned sales tax on commercial leases in the entire country and Florida is the not-so-proud holder of that title. Not even tax-happy havens like California and New York impose this state tax on its businesses. Due to this burdensome tax, Florida businesses shell out more than $1.7 billion dollars every year to the state. As a result, our state economy dramatically suffers in the form of suppressed job growth and economic activity.
Thanks to the efforts of Governor Rick Scott and the state’s committed business leaders, Florida has one of the strongest economies in the country. With our unemployment rate under 5 percent, Florida continues to exceed the nation’s annual job growth rate and tourism, one of the state’s economic drivers remains strong, with just under 113 million visitors in 2016, an increase from just 86 million visitors just three years ago.