Florida’s Low State Tax Burden Boosts Labor Force and Growth

The Tax Foundation ranks Florida 34th lowest in overall state and local tax burden. Florida is ranked number one in the country for state fiscal health by the Mercatus Center at George Mason University. Florida’s prospects for continuing this track record of economic growth are good as long as state and local policymakers stay the course and remain fiscally responsible.

Big Metro Areas In Florida Keep Getting Bigger

People cluster and cities grow because of what are broadly known as agglomeration economies. Agglomeration economies include things like knowledge spillovers that make workers and firms more productive, as well as the benefits that come from a thicker labor market, such as better employer-employee matches. Agglomeration economies are the forces that pull people together.