Small Business Statistics for Florida as of 2021:
- 2.7 million small businesses in Florida, accounting for 99.8% of all businesses in the state.
- Small businesses employee 3.5 million people, which is about 42.2% of the state’s private sector workforce.
- The top small business industries in Florida are healthcare and social assistance, accommodation and food services, retail trade, and construction.
- Florida has a large number of minority-owned small businesses. In 2021, there were approximately 863,000 minority-owned small businesses in the state, accounting for 32% of all small businesses.
- Women-owned small businesses are also on the rise in Florida. In 2021, there were approximately 621,000 women-owned small businesses in the state, accounting for 23% of all small businesses.
- Small businesses are a major contributor to Florida’s economy. They generate approximately $380 billion in annual revenue, which is about 45% of the state’s total private sector revenue.
These statistics highlight the significant role that small businesses play in Florida’s economy. As a state that is known for its business-friendly environment, skilled workforce, and strategic location, Florida offers many opportunities for entrepreneurs who want to start and grow their own businesses.