It's the best, and worst, of times for business in Florida, survey finds
Reuters
Published Oct 13, 2020 01:44PM ET
By Timothy Aeppel
(Reuters) - Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19.
Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the various U.S. states. For the first time since they began doing the survey in 1996, a single state landed in the top five in both categories: Florida. The DCI report was released on Tuesday.
“The rationale for Florida being on both the best and worst lists was entirely due to the COVID-19 pandemic,” said Julie Curtin, president of DCI’s economic development practice. “In our follow-up questions to corporate executives about the states they selected, the majority of the corporate executives who selected Florida said that the state’s handling of the pandemic had negatively affected their perception of the state’s business climate.”
Because of how the survey is structured, however, other executives were still able to cite Florida as a good place to do business because of things like low taxes and access to skilled workers.
Florida has been a hotspot for the pandemic. So far, 15,552 have died in the state, according to a Reuters tally. Only four other states, New Jersey, New York, California, and Texas, have had more deaths.
The once-every-three-year ranking is usually quite predictable. California has ranked as the worst state to do business in seven of nine surveys. New York took that distinction the other two years. Texas ranks as having the best business climate in this year’s survey, as it did in seven of the last eight surveys.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.