Report: Florida leads nation in new business formations

Florida remains a hotspot nationwide when it comes to people launching new businesses, and not only because the population continues to surge. 

This from a new report from research and analytics site Switch on Business. It analyzed 2024 U.S. Census Bureau Formation data for all 3,156 counties and found Florida was No. 3 in business applications compared to local population, with 2,714 new businesses per 100,000 people in 2024. That’s behind only Wyoming, which had 10,133 new businesses per 100,000 people in 2024 and Delaware, with 5,484 new businesses per 100,000 people in 2024. West Virginia, meanwhile, was No. 50, with 855 new businesses per 100,000 people in 2024.