With the help of Governor Ron DeSantis and the legislature, the Florida Chamber will look to grow the private sector and continue to outpace the national average in job growth.
“The Florida Chamber’s annual jobs and competitiveness agenda – the Florida Business Agenda – is a set of priorities that will help grow private sector jobs, continue to create economic opportunity in Florida and further diversify our economy,” said Charles Caulkins, Chair of the Florida Chamber of Commerce and Partner at Fisher Phillips.
Florida has outpaced the U.S. economy in job growth. As Florida will grow at approximately 900 new residents daily, Florida Chamber Foundation Chief Economist Dr. Jerry Parrish predicts that Florida will create 200,000 new jobs in 2020 and that the Sunshine State has a lower probability of recession than last year.
“If Florida was a stock, it would be considered a strong buy. While Florida’s economic outlook for 2020 is positive, it’s not without risks which is why passing the Florida Chamber’s Jobs Agenda is so important,” said Mark Wilson, President and CEO of the Florida Chamber of Commerce.
To make way for the influx of new residents and sustain a healthy economy, the Florida Chamber has outlined the following agenda in 2020.
Lowering the Cost of Living:
Lawsuit abuse essentially amounts to additional taxes on Florida families over $4,000 each year. Florida’s lawsuit climate currently ranks 46 out of 50 in a national survey conducted by the U.S. Chamber Institute for Legal Reform.
- The Florida Legislature should improve Florida’s legal climate by passing common-sense reforms to curtail abuse of Florida’s legal system.
“If we make the legal climate so it’s based on the clients rather than the attorneys, I think that would be a better climate,” DeSantis said when the national survey ranking Florida’s lawsuit climate among the nation’s worst was released.
Reducing Florida’s Cost of Doing Business:
Discouraging and anti-competitive tax policies, like the Florida-only business rent tax and lack of internet sales tax collection, make Florida less competitive.
- The Florida Legislature should advance globally competitive tax policies by reducing the Business Rent Tax and modernizing Florida’s tax code to collect sales tax on internet transactions from out-of-state retailers.
Preparing for the Future Growth:
According to www.TheFloridaScorecard.org, there are 284,800 jobs looking for people and 323,000 people looking for jobs. Finding a qualified workforce is a top concern for job creators. Employers need talent that is prepared to enter the workforce, and Florida wins when we close the talent gap.
For more information on the Florida Chamber's 2020 jobs agenda, click here.