Fast Company has just completed a statistical ranking of the best states for innovation and Florida ranks #1. Fast Company dug into the numbers on launch rates of private businesses, the Kauffman Index of Entrepreneurial Activity (percentage of people starting new businesses) and the percentage of jobs generated by companies that are less than three years old.
Fast Company’s ranking is a a great reinforcement of the year-long research and planning we put into the expansion of RESTORE 818 to South Florida. And now having been on the ground here full time for the last five months it’s easy to see the energy many business leaders have seen as South Florida has climbed out of the recession.
And it’s not just Fast Company recognizing Florida as No. 1. Digging into the stats you see that Florida has the second-highest rate of new business production in the US, which is why Florida ranks high on Fundable’s VC rankings. Startup America says it’s the No. 3 state for annual revenue per startup, with $1.2 million.
All of this solidifies the foundation to a rapidly recovering economy here in South Florida. From our analysis of macro and micro economic factors I see not just a recovery happening, but the beginning of a long-term trend much different than growth phases of the past. rest assured, the positive impact on real estate investment in South Florida will be substantial.