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World Map / USA / USA States / Florida / Business and Economy of Florida

Business and Economy of Florida




Florida had a per capita personal income of $37,780 in 2009. It is one of the seven states in the United States that does not impose personal income tax. The unemployment rate of the state was 11.5% in February 2011.

Tourism is the most important industry in Florida. It contributes $57 billion to the economy of the United States. A total number of 76.8 million tourists visited the state in 2004. The major tourist attractions are: Miami Beach, Walt Disney World's "Magic Kingdom", Disney-MGM Studios and Animal Kingdom (all near Orlando), Everglades National Park, Cypress Gardens, Silver Springs, Ocala; Busch Gardens, Tampa; Space port USA, Kennedy space center.

Agriculture is the second-largest industry in Florida. Oranges, grapes, tangerines and other citrus fruits are a major part of the economy; the state produces seventy-five percent of the oranges in the united States. Green beans and sweet corns are also produced in plenty. Potatoes, sugar cane and strawberries are the other crops.




GDP $732,782 million (2009)
Per capita income $37,780 (2009)
Unemployment rate 11.5% (2011)
Major industries Tourism, insurance, real estate, fishing, food processing, electrical equipment manufacturing, construction, aerospace
Major sectors Mining, agriculture, services, education, health services, hospitality, trade, transportation

Florida has a sizeable aerospace industry, contributing $4.5 billion to the state's economy. The average annual wage of aerospace workers is approximately $52,000.

Real Estate in Florida


Investing for real estate in Florida can work out to be pretty profitable for you. You can spend your vacation in that house, anytime of the year without bothering about accommodation. And if you want, you can even sell it in the real estate market for a good profit. Florida is a popular tourist destination, so you can let your home on rent, if you are not vacationing there. There are many tourists who prefer to stay in these homes, instead of a hotel.

There are many ways of finding a real estate property in Florida. Asses the finance you have for investing in the property, based on that decide what type of property you want to buy. The real estate broker can save you lots of time, while you are looking to buy a property in Florida. Observe the neighborhood where you have decided to buy the house. See if conveniences like hospitals schools etc are located nearby, before buying the home.

Mortgage Companies in Florida



Florida Mortgage Brokerage Association (FAMB)
P.O. Box 6477
Tallahassee, FL 32314-6477
1292 Cedar Center Drive
Tallahassee, FL 32301
Toll Free Number: (800) 289-9983
or (850) 942-6411
Fax: (850) 942-4654
E-mail: hq@famb.org
www.famb.com

Federal Trust Bank
Sanford
420 W. 1st Street
Sanford, FL 32771
Voice (407) 302-4700
www.federaltrust.com/

Mortgage Base
PMB # 7130
3307 South College Avenue
Fort Collins, CO 80525
Toll Free: (800) 291-0405
www.mortgagebase.com

Commitment Mortgage Corporation
39 Concord Lane
Wallingford, CT 06492
Phone: 877-912-8089
Fax:203-284-8115
www.Commitmentmortgage.com/

Dunnellon State Bank
Main Office
11472 N. Williams Street
Dunnellon, FL 34432
Phone (352) 489-2466
Fax (352) 489-0965

Brannen Banks Of Florida, Inc
The Bank of Inverness
Main Office
320 Hwy. 41 South
Inverness, FL 34450
Phone (352) 726-1221
Fax (352) 726-1156

Homosassa Springs Bank
Main Office
4325 S. Suncoast Blvd.
Homosassa, FL 34446
Phone (352) 628-3812
Fax (352) 628-5757

The Hernando County Bank
Main Office
1187 S. Broad St.
Brooksville, FL 34601
Phone (352) 799-2265
Fax (352) 799-0016

First Capital Funding
Address 3175 Starbright Court, Suite D
Middleburg, Florida 32068
E-Mail info@fcfcorp.com
Phone (800)346-0136
Facsimile (305) 704-3879 or
Toll Free (888) 755-8521
www.fcfcorp.com