- April 24, 2025
-
-
Loading
Loading
A recent report from BrokerChooser, an online platform dedicated to brokerage analysis, ranked Florida as one of the top five states in the country for startups and businesses seeking funding.
Florida came in at No. 4 with $57 billion in the state from 41,893 investors. California, New York and Texas hold the top three spots, with West Virginia — considerably smaller in population — in the fifth spot. Another smaller state, in terms of people, on the top 10, is Oklahoma, at No. 8.
| Rank | State | Number of Investors | Investment Amount (2024) | Investment Change, 2019-2024 | Total Score |
| 1 | California | 188,316 | $324.96 billion | 204% | 80.11 |
| 2 | New York | 69,441 | $188.86 billion | 396% | 40.77 |
| 3 | Texas | 53,440 | $164.52 billion | 440% | 34.61 |
| 4 | Florida | 41,893 | $57.29 billion | 910% | 21.63 |
| 5 | West Virginia | 615 | $1.15 billion | 45,840% | 20.53 |
| 6 | Illinois | 24,512 | $61.05 billion | 702% | 15.80 |
| 7 | Massachusetts | 34,399 | $63.59 billion | 158% | 15.80 |
| 8 | Oklahoma | 3,267 | $17.77 billion | 24,741% | 13.86 |
| 9 | Pennsylvania | 22,766 | $34.28 billion | 184% | 12.21 |
| 10 | Ohio | 16,162 | $49.75 billion | 1,386% | 11.86 |
| Source: BrokerChooser | |||||
According to the report, the score methodology was calculated based on five different factors: search volume, number of investors, number of businesses receiving investment, investment amount and investment change over a five year period.
The report notes that on the flip side of Florida are states like North Dakota, Montana and Maine, which "continue to struggle with low investment volume, limiting their economic growth." It cites West Virginia, Ohio and Oklahoma has states that have seen a surge in investment. “There is definitely development and diversification in the American investment landscape, with impressive growth in areas that used to fly under the radar,” says Adam Nasli, analyst head at BrokerChooser, in a statement accompanying the report.
Florida’s population growth, lack of income tax and demand across various industries like tourism and real estate are often cited reasons for attracting business and dollars to the state.
