5 Most Business Friendly States in the US

2. Florida

Number of Business Applications (2023): 664,567

GDP per capita (2023): $91,814.08

Corporate Income Tax Rate (2024): 5.5%

Insider Monkey Score: 4.75 

With an Insider Monkey score of 4.75, Florida ranks second on our list of the most business friendly states in the US. Over 660,000 new business applications were filed in 2023, the highest among all states. The corporate income tax in Florida is 5.5%, as of January 1, for income earned above $50,000.