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Fun Facts: Tampa Bay Business

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Grow Your Business in Tampa Bay

“For our new headquarters, we were looking for a place that provides an excellent quality of life, a favorable tax climate, and plenty of family-friendly activities. Tampa met all these criteria and more,” said Cesar Scolari, CEO of Merit Logistics, in 2022.

Tampa has earned a national reputation for its stable, pro-business environment. When it comes to establishing and growing your business, Tampa checks all the boxes:

  • Favorable Corporate Tax Policies: Tampa offers a business-friendly tax climate that helps companies keep more of their earnings.
  • Lower Operating Costs: Businesses in Tampa benefit from lower costs compared to other major metropolitan areas.
  • No Personal Income Tax: Florida’s lack of a state income tax is a significant draw for both businesses and their employees.
  • Light Regulatory Burdens: A streamlined regulatory environment makes it easier to start and grow a business in Tampa.
  • Thriving Industry: The region is home to a diverse array of industries, providing ample opportunities for collaboration and growth.
  • Home to Dozens of Top Corporations: Tampa hosts numerous major corporations, enhancing its reputation as a business hub.
  • Global Connectivity: Tampa is globally connected via its top-rated airport, the state’s largest seaport, and highly connected interstate and rail systems.
  • Excellent Local Labor Force: The area boasts a skilled and educated workforce ready to meet the needs of any business.

Whether you’re a startup entrepreneur or the CEO of a multimillion-dollar enterprise, Tampa offers the business resources you need to thrive, including incubators and accelerators, capital providers, chambers of commerce, and industry associations.

Fast Facts

  • #2 Best State for Women-Owned Small Businesses – Deputy, 2022
  • 6th Most Minority Business Owners in the U.S. – Smartest Dollar, 2022
  • #2 Best State for Taxpayer ROI – WalletHub, 2022
  • 6th Best City to Launch a Startup – Real Estate Witch, 2022
  • #1 Best Place to Live in Florida – Forbes, 2022
  • #8 Best Place to Start a Career – WalletHub, 2022
  • #2 Best State for Business – Chief Executive, 2022
  • #1 Emerging Tech City – Forbes, 2021
  • Population Growth: Tampa’s population is increasing by 50,000 people per year.

Success Stories

Join other fast-growing companies that are thriving in Tampa, such as BlockSpaces, Diamond View Studios, Vu Technologies, ReliaQuest, Beneficial Blends, VoltAir, Newgentek, OPSWAT, Edgility, Avalon Healthcare, and many more!

If your company is expanding or you’re thinking about relocating to Tampa, contact our business development team. We can connect you with the business tools and resources you need to thrive, including expedited permitting, workforce training, real estate searches, export assistance, market research, and more. Tampa Bay Economic Development Council 101 East Kennedy Blvd., Suite 1750, Tampa, FL 33602 (813) 218-3300

Tampa Bay offers an unparalleled environment for businesses to grow and succeed. With its favorable economic conditions, supportive community, and abundant resources, Tampa is the ideal destination for your business expansion or relocation.

Continue Reading

Next: Economic Development Council of Tampa Bay

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