Florida Chamber Foundation 50 Florida Facts

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1 Florida Chamber Foundation 50 Florida Facts Talent Supply & Education 1. There are 459 Charter Schools operating in the state of Florida, which comprise approximately 13% of public schools. Source: Florida Department of Education 2. In 2010, Florida ranked first in the nation for the having the highest number of high school students taking advanced placement courses. Source: U.S. Chamber of Commerce, Enterprising States Report 3. In 2007, 30% of higher education degrees awarded in Florida were in fields of Science, Technology, Engineering and Math (STEM). Source: National Science Foundation, Science & Engineering Indicators 4. Florida s education system was ranked 5 th in the nation based upon a number of factors including early childhood education, K-12 achievement and school accountability. Florida has made steady progress in education rankings in recent years, up from 31 st in the nation in Source: Education Week, 2011 Annual Quality Counts Report 5. In 2009, 68% of Florida s high school graduates continued their education in post secondary institutions. Source: Florida Department of Education 6. In 2010, Florida s workforce and training system was ranked number one in the country due to efficient job placement, among other factors. Source: U.S. Chamber of Commerce, Enterprising States Report Innovation & Economic Development 7. Florida s total economic activity in 2010 measured by gross domestic product ranks 4 th in the United States at $747 billion. Source: Bureau of Economic Analysis 8. The value of Florida origin exports reached $55.2 billion in The three largest international markets for Florida goods were Switzerland ($5 billion), Brazil ($4.7 billion) and Canada ($3.9 billion), respectively. of Foreign Trade; International Trade Administration 1

2 9. A total of 38,210 companies exported from Florida locations in Of those, 96% were small and medium sized businesses with fewer than 500 employees. Source: International Trade Administration 10. Visitors traveling to Florida from Brazil registered the top spending levels in 2010 at a total value of $1,398,670,000. Source: Visit Florida 11. In 2008, foreign-controlled companies employed 254,000 Floridians. Major sources of foreign investment in Florida included the United Kingdom, Canada, Germany and Japan. Source: International Trade Administration 12. Trade, logistics and distribution industries employed 531,000 Floridians in 2010, with an average wage nearly 30% higher than the average for all industries in the state. Source: The Florida Trade and Logistics Study 13. At a level of 2,978 patents, Florida ranked 12 th in the nation in the number of patents issued in Source: United States Patent Office 14. At nearly $7 billion, research and development expenditures in Florida ranked 16 th highest in the nation in 2007; however research and development spending as a percent of Florida s economy ranks 41 st among states. Source: National Science Foundation, Science & Engineering Indicators 15. Business formation of high-technology and innovation-based businesses in Florida ranked 20 th in the nation, with a rate of 12 high-tech firms created per 10,000. Source: Milken Institute; State Science and Technology Index 16. In 2010, Florida companies garnered less than 1% of the early stage venture capital funding available in the United States. Source: Price Waterhouse Coopers Quarterly Money Tree Report 17. Florida attracted a total of 82.6 million domestic and international visitors in 2010, which contributed $60.9 billion in tourism spending, $3.7 billion in tax revenue and 962,000 direct jobs. Source: Visit Florida 18. Florida led the nation in the production of oranges and was 2nd in producing strawberries and tomatoes in Source: Economic Research Service/USDA 19. Florida is ranked as the 8th highest in foreign direct investment within the state at an estimated $35.9 billion in Source: Enterprise Florida 2

3 Infrastructure & Growth Leadership 20. Florida spent an average of $331 on state highway spending per person in 2009, which was the 34 th highest average in the nation Survey of State Government Finances. Calculations by The Taxpayers Network 21. Floridians drove an average of 10,564 vehicle miles in 2008, which is 21 st highest among states and above the national average of 9,630 vehicle miles annually. Source: US Department of Transportation, Federal Highway Administration. Calculations by The Taxpayers Network 22. Florida currently ranks 3 rd in the nation for energy intensity, which is a measure of the amount of energy that is used to produce a dollar s worth of goods and services within the state. Source: Energy Information Administration 23. In 2008, 14.6% of Florida s energy generation was nuclear and another 2.1% came from renewable energy sources. Source: Energy Information Administration 24. Floridians used 158 gallons of water per person per day in 2005, which ranks 22 nd in the nation in total domestic water use. Source: United States Geological Survey 25. In 2010, Florida had 9.3 million acres of actively managed conservation lands, which ranks 25 th nationally for conservation acreage per person. Source: Florida Natural Areas Inventory Business Climate & Competitiveness 26. Florida experienced the highest number of unemployment compensation claims in recent history during 2010, with more than 2.76 million Floridians filing a claim during the year. Source: Florida Agency for Workforce Innovation 27. The liability and litigation systems in Florida ranked 42 nd worst in the nation according to a 2010 study by the Institute for Legal Reform. Source: US Chamber Affiliate Institute for Legal Reform, 2010 State Liability Systems Ranking 28. Florida has made great headway in reducing workers compensation insurance costs. Florida went from having the 2 nd highest rates in the nation in 1998 to the 10 th lowest rates in Source: 2010 Oregon Workers Compensation Premium Rate Ranking 3

4 29. In 2010, Florida ranked 6th best in the nation on the Small Business Survival Index, which measures major government related costs that effect small business and entrepreneurship. Source: Small Business & Entrepreneur Council 30. In 2010, Florida was the 4 th highest ranked state in terms of net business relocations in the United States, which measures the total businesses moving to Florida from other states, minus the number of businesses relocating to other states from Florida. Source: Dun & Bradstreet 31. Publix Super Markets is Florida s largest corporation by sales revenue and is ranked 102 nd on the Fortune 500. Source: Florida Trend, Top Florida Companies Rankings 32. Florida has a regional competitive advantage in twenty-two industries based upon a broad economic base and positive long-term growth projections. Source: U.S. Department of Commerce and Wells Fargo Securities 33. Only 51% of Florida s resident population falls within the prime working age categories of years of age. Civic & Governance Systems 34. Florida s Qualified Target Industry projects in 2010 have an estimated 10 year payback ratio of a $19.25 return for every $1 invested. Source: Enterprise Florida 35. Florida had a public welfare expenditure of $988 per person in 2009, which ranked the 46 th lowest among states.. Calculations by The Taxpayers Network 36. In the state budget, approximately 21.8 billion of the $69.7 billion budget was dedicated to Medicaid and TANF funding. This represents 31 cents of every dollar spend by state government. Source: Florida Senate Bill 2000 Conference Report, p A recent poll of Florida voters indicates that their top concerns are jobs and the economy (46%), followed by education (11%) and healthcare (10%). Source: Florida Chamber Political Institute 38. Voter participation in Florida, which reports the number of citizens over the age of 18 who voted in a previous election versus those eligible, was 63.8% in 2008., Voting and Registration 39. In 2009, approximately 3.3 million volunteers in Florida contributed 516 million hours of service to local organizations. However at a volunteerism rate of 22% of the population, Florida is only 47 th highest in the nation. Source: Corporation for National and Community Service 4

5 Quality of Life & Quality Places 40. Over the ten year span between 2000 and 2010, Florida s total population grew 17.6% 41. Florida is projected to add five million new residents by Currently the fourth largest state in the nation, Florida s population of 18.8 million is estimated to grow to 23.6 million residents by Source: Florida Office of Economic and Demographic Research 42. Among Florida s foreign born population, 73.8% are from Latin America, 11.2% are from Europe and 9.8% are from Asia. American Community Survey, Florida ranked 4 th in the nation in 2009 for net domestic and international migration flows, which measures the number of new residents choosing to relocate to Florida, Population Estimates 44. Annual average wage, or the income earned from wages and salaries per capita in Florida was $40,970, nearly $5,000 below the national average in Source: U.S. Bureau of Labor Statistics 45. The homeownership rate in Florida was 69.3% in 2010, which ranks 27 th in the nation., Housing Vacancies and Homeownership 46. In June 2011, Florida had the seventh highest foreclosure rate in the nation with 1 in every 372 units receiving a foreclosure filing for a total of 23,769 units. Although there continues to be a high volume of foreclosures in Florida, June s figures represents a decrease of 53.9% from June Source: RealtyTrac 47. With an uninsured rate of 24.4%, Florida s rate of uninsured residents is higher than the national average of 17.2%. The same holds true for low-income children in the state of Florida, with a 30.5% uninsured rate compared with the national average of 18%. Source: Corporation for Enterprise Development, Assets and Opportunities Scorecard 48. The number of minority-owned businesses in Florida climbed 66%, outpacing the national growth rate of 45%, between 2002 and The average life expectancy for Floridians is 78 years of age, which ranks 22 nd in the U.S. Source: Central Intelligence Agency, World Fact Book 50. Creative industries in Florida employ 184,708 people across the state at 52,869 arts related businesses. Source: Americans for the Arts 5

Florida Chamber Foundation 50 Florida Facts

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