Financial/Shared Services

Financial/Shared Services sectors play an important role in Northwest Florida. In addition to employing thousands of residents, the sector serves as an essential support service for other industries and contributes to the regional economy. With a Northwest Florida location, your company can benefit from:

  • Abundant qualified, multilingual labor
  • Lower overall business costs
  • Non-congested airports with direct flights to major financial centers
  • Favorable rental costs for office facilities
  • Cost effective electricity for IT-intensive operations
  • Strong broadband infrastructure in areas along I-10

COMPANIES & JOB GROWTH

The region is home to the world’s largest credit union, Navy Federal Credit Union. The company plans to employ 10,000 people in Northwest Florida, which will have an economic impact of $4.2 billon in the region.

Our laborshed has the following Financial and Shared Services related companies:

  • 628 Commercial Banking
  • 558 Administrative Management and General Management Consulting Services
  • 410 Offices of Certified Public Accountants
  • 240 Office Administrative Services

Northwest Florida is home to over 50,000 quality finance and management professionals and has seen significant growth in IT and Shared Services jobs over the last five years:

  • 56% growth in Credit Unions jobs
  • 35% growth in Administrative Management and General Management Consulting Services jobs

  • 22% growth in Corporate, Subsidiary, and Regional Managing Offices jobs

Ecosystem

Our existing ecosystem for financial and professional services leverages Florida’s superiority in workforce, global access, innovation and affordability.

Workforce

  • Existing Workforce: Northwest Florida has a 100,000+ professional services workforce
  • Talent Pipeline: Florida State University’s College of Business is ranked 13th in the U.S. by U.S. News & World Report

Global Access

  • Northwest Florida has 3 commercial airports with 40+ direct flights to various U.S. cities

Entrepreneurship and Innovation

  • Incubators: Co:Lab in Pensacola and TechFarms in Panama City 
  • Capital: TechFarms Capital offers Angel Funding for High Tech Start Ups
  • Mentorship: Pensacola, FL offers MIT's Venture Mentoring Service to local entrepreneurs
  • Conferences: EntreCon Pensacola
  • Tech Transfer: The Doolittle Institute assists with "spinning out" military technology from the Air Force Research Laboratory to commercial markets

Affordability

  • Florida is ranked 4th in State Business Tax Climate by The Tax Foundation

Business Cost Advantages

Northwest Florida will benefit from $1.5 billion in economic development enhancements, such as workforce training and infrastructure, over the next 15 years. Additionally, Florida ranks among the best states for business because of its pro-business tax policies and competitive cost of doing business. Your company can benefit from inducements to help offset initial costs when locating a new or expanding your existing business in Northwest Florida. Your business dollars go further given the state's limited corporate taxes and your employees benefit from 0% state personal income tax.

Learn more about incentives your business can take advantage of with a Northwest Florida location.

Quality of Place

Small town living and big city amenities. Northwest Florida’s pristine white sand beaches draw millions of visitors from around the globe each year driving five-star dining, arts, museums and shopping that our residents get to enjoy every day of the year.

Our cost of living is rated lower than the average for the U.S. while our number of beach days is much, much higher. Our moderate climate means outdoor activities year-round while our diverse landscape can take you from deep sea fishing to deep woods camping with just a short drive. Why not live where the world vacations?  Learn more

CONTACT US

Florida’s Great Northwest is here to provide you the practical, on-the-ground resources and support you need for your business location/expansion project. From incentives to site selection to workforce development, we’ve got the expertise and connections to help your business be even more competitive with a Northwest Florida location.

Contact Us