The Sunshine State is home to the fourth largest economy in the nation. Its growth in 2018 significantly outpaced the U.S. at large at a rate of 3.5% to 2.9%. Small businesses are an essential part of the economic landscape in Florida, making up 99.8% of all businesses and employing 3.3 million employees, more than 42% of the state’s workforce.
Currently, Florida’s unemployment rate stands at a low 3.4%, which is lower than the national average of 3.6%. The top five industries for small business in Florida are accommodation and food services; healthcare and social assistance; professional, scientific, and technical services; construction; and retail.
Want to grow a business in Florida? We’re here to help! First Down Funding is servicing small business owners in Florida with all their capital needs. Whether it is a long term funding package or short term cash funding, apply online or contact us so we can expedite your request. We are your Florida business funding source. Apply today for business funding in Florida.