More States Are Using State-Level Tax Credits to Address Workforce and Affordable Housing Deficits

Florida Should Consider These Incentives

Housing Credit Report Cover

Florida TaxWatch’s report, More States Are Using State-Level Tax Credits to Address Affordable Housing Deficits, examines the mounting challenges of affordable housing in Florida amid a national crisis. The report highlights how shortages in affordable rental and homeownership options are impacting lower-income and workforce households, with Florida facing particularly acute deficits.

By analyzing the effectiveness of federal programs like the Low-Income Housing Tax Credit alongside emerging state-level tax credit initiatives, the report illustrates how these financial incentives can stimulate construction, reduce public costs, and boost local economic activity. In addition, it offers policy recommendations aimed at strengthening Florida’s housing affordability framework and supporting community stability.

Meet the Author:

Kurt Wenner
Kurt Wenner
Senior Vice President of Research
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Florida Manufacturing: A Highly Productive and Integral Economic Driver

Florida Manufacturing: A Highly Productive and Integral Economic Driver

Florida's manufacturing sector is a $86.6 billion industry that ranks sixth in the nation in the value of exported manufactured goods, employs more than 434,000 workers, and contributes 4.62 percent of the state's GDP — quietly outpacing both tourism and agriculture. Anchored by aerospace, defense, and space manufacturing firms along the Space Coast corridor, including global names like Lockheed Martin, Boeing, SpaceX, and Raytheon, the industry also produces medical devices, pharmaceuticals, food and beverage products, and recreational boats. The sector offers high wages with low educational barriers: eleven of the fifteen largest manufacturing occupations require only a high school diploma or equivalent, with an average annual salary of $87,000. Modernized working conditions — built around computer-based tasks and precision environments — have made manufacturing jobs increasingly comparable to traditional white-collar work.

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