Facts & Rankings


Business Climate


Florida ranked #4 in the nation and #1 in the Southeast for the most competitive business tax system by Tax Foundation in their State Business Tax Climate Index.

-Tax Foundation, 2016


Florida has 4th largest economy in the U.S.  


Southern Business & Development magazine ranks Panama City as the South’s #1 Pro-Business Beach Community.

- Southern Business & Development, 9th Annual 10 Top 10s Edition, Winter 2011


Business Facilities magazine ranks Panama City as the #1 Metro Area for Economic Growth Potential for communities with a population of less than 200,000, surpassing other ranked cities like Knoxville, TN and Greenville, SC.

- Business Facilities, Annual State Rankings, July/August 2010  


Florida ranks #2 in the nation of Best Sates for Business. More than 500 CEO’s across the U.S. rated states on a wide range of criteria from taxation and regulation to workforce quality and living environment.

- Chief Executive, 2014

Florida ranked 1st for U.S. Aviation Manufacturing Attractiveness in PricewaterhouseCooper's study "Aviation's Second Gold Age: Can the U.S. aircraft industry maintain leadership?" 

- PricewaterhouseCoopers LLP, 2013


Florida ranked #1 for Innovation by Fast Company in their report titled "The United States of Innovation: Ranking the States (and a District) for Innovation." 

-Fast Company, 2013


Florida earns another Silver Shovel Award from Area Development Magazine in the category of states with a population over 15 million. 

Area Development Magazine, 2014



Education & Workforce


FSU Panama City is a local branch of a Tier 1 Research Institution.


Florida has the 3rd largest workforce in the nation. 


No Floridian lives more than 50 miles from an institution of post-secondary learning and the number of Floridians with associate, bachelor and advanced degrees has increased at almost double the national rate

- Florida Trend’s Business Florida, 2011


Bay High School, located in Panama City, Florida, ranks in the top 1 percent of all U.S. high schools in the nation.

- Newsweek, June 2010





The nation’s first international airport since 1995, Northwest Florida Beaches International Airport, was opened in 2010 in Bay County. 


Florida ranked #1 in infrastructure by the US Chamber Foundation.

- US Chamber Foundation, 2013


Quality of Life


Panama City Beach was ranked #10 out of the Top Ten beaches in the U.S.  

  - TripAdvisor, 2015    


Panama City Beach landed at #51 in the Top 100 Beaches in the World, coming in as the highest ranked beach in

the continental U.S. and the only beach in Florida to make the list.

- CNN Travel, 2013





Contact Us

For More Information


Bay Economic Development Alliance

5230 West Highway 98
Panama City FL 32401

Phone: 850.215.9965

E-mail: info@bayeda.com





5230 West Hwy 98,
Panama City FL 32401

Phone: 850.215.9965

E-mail: info@bayeda.com


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