Last Updated on August 23, 2023 by Hannah Stevens
The federal government spends more than $31,979.00 millions dollars annually in grants and local funding sources of $22,686.00 Million dollars. This is because small and large businesses are the backbone of Florida’s economic growth. Florida has 399,819 businesses and are broken down into the following:
Florida Business Sector Breakdown by Size:
- 274,647 businesses in Florida have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
- 57,678 businesses in Florida have between 5 and 9 employees.
- 32,043 businesses in Florida have between 10 and 19 employees.
- 25,195 businesses in Florida have between 20 and 99 employees.
- 5,899 businesses in Florida have between 100 and 499 employees.
- Over 4,357 registered businesses in Florida have over 500 employees.
Florida Business Sector Breakdown in Service Industries:
- The Professional, Scientific and Technical Services sector have 68,559 Florida Businesses under its registry
- The Administrative, Support, Waste Management, and Remediation Services sector have 32,848 Florida Businesses under its registry
- The Accommodation and Food Services sector have 35,110 Florida Businesses under its registry
- Florida has more than 43,848 registered companies. They are service-oriented businesses that are not yet included in the above categories.
You may also be eligible for grants for small businesses if you work in the agriculture industry. Florida has more than 47,000 farms.
Small Businesses in Florida
It is difficult to start and manage a small business here in Florida. In Florida, more than $253,360,000,000.00 US dollars is spent on employee salaries/payroll. Additionally, every year, more than 107.382 businesses go bankrupt. The federal government doesn’t provide grants to entrepreneurs for expanding or starting a business. However, small business grants can be granted in Florida to help business owners start or grow their ventures. Grant recipients don’t have to repay the government funding. It is worth looking into small business grants to help fund your business.
Contact us to apply for Florida business grants Florida financial aid agencies.
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: