Florida sees unprecedented economic growth with jobs booming and investment increasing across multiple sectors

Florida – Florida’s economic landscape continues to expand at a remarkable pace, with recent data confirming a state-wide surge in jobs, investment, and overall economic output. As of June 2025, Florida’s unemployment rate stood at 3.7%, remaining below the national average for an astonishing 56 consecutive months. This long-term trend highlights the state’s sustained economic resilience and ability to generate opportunities for its workforce across diverse industries.

Private sector employment growth has also consistently outpaced the national average, with Florida outperforming the country in 49 of the last 51 months since April 2021. The latest employment report indicates that the education and health services sector added the most new jobs in June 2025, with 1,300 positions created, reflecting the state’s ongoing commitment to essential services that support communities and strengthen the local economy.

Since 2019, approximately three million new businesses have been established in Florida, contributing to a thriving entrepreneurial environment and signaling strong confidence from investors and entrepreneurs alike. Recently released data on Florida’s gross domestic product positions the state as a $1.74 trillion economic engine, underscoring the magnitude of Florida’s role in the national and global economy.

Read also: Broward Sheriff Dr. Gregory Tony stands with public safety unions in vote of no confidence in city manager

Strategic investments have been a cornerstone of Florida’s economic strategy. FloridaCommerce has prioritized initiatives that not only promote infrastructure improvements but also bolster workforce development. Programs such as the Job Growth Grant Fund and the Rural Infrastructure Fund are designed to provide services, resources, and opportunities for job seekers, including veterans, individuals with disabilities, recipients of government assistance, and other residents facing employment barriers. These programs also offer employers essential support in recruiting, training, and retaining a qualified workforce.

The Division of Economic Development’s Bureau of Business Development has played a pivotal role in supporting companies looking to expand or establish operations in Florida. By providing confidential site selection, industry expertise, permitting guidance, and connections to state agencies, the bureau ensures that businesses can access the tools and information needed to make informed decisions. In fiscal year 2023-2024, these efforts led to 46 successful projects, resulting in a projected 6,040 new and retained jobs with an average wage of $66,400 and over $2 billion in capital investment. These projects spanned life sciences, aviation and aerospace, financial and professional services, and manufacturing, demonstrating the diversity of sectors driving Florida’s economic engine.

Florida’s success is not limited to the state level, as regions like Greater Fort Lauderdale have become focal points for high-value investment and job creation. The area has seen significant growth, attracting companies in targeted industries such as aviation, aerospace, and life sciences. The recent elimination of the business lease tax as part of the 2025 legislative session has further enhanced the attractiveness of Broward County for both local and national businesses.

Several high-impact projects illustrate this regional growth. CTS Engines, a global leader in aviation engine maintenance, is expanding in Coral Springs, creating 41 new high-skill jobs and investing $2.5 million in capital improvements. Similarly, Pherros Biosciences in Deerfield Beach is undergoing a multi-phase expansion that will increase production capacity to 100,000 units of injectable medicines per day, including biologics and biosimilars. This expansion will support an estimated 85 high-value jobs by the end of 2026 and will significantly expand the company’s manufacturing footprint to over 60,000 square feet.

Transpire Bio, a clinical-stage biopharmaceutical company focusing on inhaled therapeutics for pulmonary and systemic diseases, is also investing heavily in Greater Fort Lauderdale. The company is developing a new 139,000-square-foot pharmaceutical manufacturing facility in Pembroke Pines, representing a $100 million capital investment. Once operational, the facility is expected to create approximately 200 high-skill jobs, enhancing the company’s existing research, development, and manufacturing capabilities in the region.

VSE Corporation, a leading provider of aftermarket distribution and repair services, has relocated its corporate headquarters from northern Virginia to Miramar. The move consolidates its Aviation segment headquarters and Maintenance, Repair, and Overhaul (MRO) center of excellence, creating 350 high-value jobs over the next five years and representing a $3.4 million capital investment. The company’s recent acquisitions of Kellstrom Aerospace and Vortex Aviation further demonstrate its commitment to growing in Broward County.

Read also: City of Sunrise announces partial lane closures on SW 121st Avenue for extended water main improvement project starting August 18

“The thriving and collaborative business climate the Alliance continues to cultivate remains a key driver of economic growth and resilience in Broward,” said Bob Swindell, President and CEO of the Greater Fort Lauderdale Alliance. “Thus far this year, we’re thrilled to have assisted with high-impact investments, expansions, and relocations that underscore the robust growth of high-value sectors such as aviation MRO and pharmaceutical manufacturing in Broward County—along with our strong and talented workforce, business leadership, and infrastructure that continue to support new growth opportunities.”

Florida’s economic expansion reflects a strategic blend of workforce development, infrastructure investment, and business-friendly policies. Programs designed to connect job seekers with opportunities, support employers in talent acquisition, and encourage business growth through tax incentives and strategic partnerships have created a fertile environment for sustained economic growth. Companies looking to capitalize on Florida’s dynamic economy are encouraged to engage with the state’s network of economic development partners to explore opportunities and resources tailored to their growth strategies.

In Greater Fort Lauderdale and beyond, the message is clear: Florida is open for business, ready to support innovation, and committed to providing pathways for residents to thrive. With continued investment in high-value sectors and strategic efforts to foster economic development, the state’s trajectory shows no signs of slowing, promising a vibrant future for businesses, communities, and the workforce alike.