Florida has attractive investment fundamentals:
Favorable Business Climate: Florida is consistently ranked as one of the top pro-business states, and for a number of good reasons. It has a favorable business environment with a low corporate income tax rate and no state personal income tax. In addition, Florida offers competitive cost-of-doing-business, especially when compared to other large states.
Attractive Timing in the Business Cycle: The Fund’s Principals believe the timing is excellent for investing in Florida, as many banks are still not lending to businesses, providing the ability for non-bank lenders to gain market share and finance assets when values are low, creating upside potential for investors.