Miami, Jacksonville, Tampa Listed As The Riskiest Places To Start A Small Businesses

Florida’s economy has certainly benefited from Gov. DeSantis’ policies. However, some local cities are experiencing economic conditions that are causing them to be ranked low for new companies.

A new Forbes.com study lists the Miami area as the riskiest place in the country to start a small business.

The data showed the cost of supplies and equipment for business owners it was more expensive than other cities. The Miami area also saw the highest rental price increase in commercial office properties by almost 5% from 2022 to 2023.

Miami’s GDP growth rate ranked 15th in 2023, which declined by 2.2 percentage points from 2022.