Financial & Professional Services

Financial and Professional 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

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 $5 billon in the region.

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

  • 805 Administrative Management and General Management Consulting Services
  • 636 Commercial Banking
  • 436 Offices of Certified Public Accountants
  • 401 Office Administrative Services

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

  • 61% growth in Administrative Management and General Management Consulting Services jobs
  • 21% growth in Credit Unions jobs
  • 7% 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:

  • Florida has the 3rd Largest Civilian Labor Force in 2023
  • Florida State University’s College of Business is ranked 13th in the U.S. by U.S. News & World Report
  • The Northwest Florida region has 3 commercial airports with 40+ direct flights to various U.S. cities
  • The Northwest Florida region has two business incubators: Co:Lab in Pensacola and TechFarms in Panama City 
  • The Doolittle Institute assists with "spinning out" military technology from the Air Force Research Laboratory to commercial markets
  • Florida Ranks 2nd in Best States for Business by Chief Executive
  • Florida Ranks 4th in State Business Climate by National Tax Foundation
  • 0% Personal Income Tax

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.


Featured Companies

LandrumHR

LandrumHR, headquartered in Downtown Pensacola, is a fully-certified Professional Employer Organization (PEO). They manage human resources needs for 1,800 businesses in 44 states wtih services ranging from payroll and taxes to medical benefits to staffing and recruiting.

Navy Federal Credit Union

Navy Federal employs more than 8,000 people at their Pensacola operations campus. Their workplace has been recognized among "best places to work" by Fortune, Forbes, and Computerworld.

The St. Joe Company

The St. Joe Company is a Northwest Florida based real estate developer and asset manager. The Company focuses on thoughtfully planned destinations to live, work, play, shop, and vacation near the region's beautiful white sand beaches. View the interactive map below for an overview of our current developments and assets.

 

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Florida’s Great Northwest is here to enhance Northwest Florida’s competitive position through industry diversification and quality job growth. Whether you’re a company executive, site selector, or Northwest Floridian, contact us to learn how we can work together.

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