Florida nabs No. 2 rank in nation for business

Business NewsFlorida came in second behind Texas as the state with the best business climate in America. The results came from a triennial survey given to hundreds of business executives and conducted by Development Counsellors International, a firm specializing in all phases of economic development and travel marketing.

Local economist Rick Harper, Ph.D. of the University of West Florida said the number 2 ranking will attract businesses outside of
our typical industries.

“For our local region, this includes sectors such as finance, insurance and real estate, where we expect to see substantial growth via
firms such as Navy Federal Credit Union,” Harper said.

“I expect to see total jobs in the Escambia, Santa Rosa, Okaloosa three-county area grow by a cumulative 3.8%, or about 11,000 jobs, over the 2014 – 2020 period, which is somewhat slower than growth in the state or the nation,” Harper said, adding that the health care and social assistance sector should add the most jobs, about 3,400.

Read more in the Oct. 30 issue of the Navarre Press or subscribe online here.

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