On Wednesday, Governor Ron DeSantis announced Florida’s military and defense industry supported more than 860,000 jobs in 2020 while Florida experienced a 12 percent increase in direct defense spending from $44 billion in 2018 to $49.3 billion in 2020.
According to the recently published 2022 Florida Defense Industry Economic Impact Analysis by the Florida Defense Support Task Force (FDSTF), defense spending in 2020 generated more than $96.6 billion in value-added economic impacts or 8.5 percent of the Florida economy.
“My administration has worked hard to make Florida the most military-friendly state in the country,” said Governor Ron DeSantis. “Creating a military-friendly environment has not only benefitted veterans and current military personnel, but also our economy by creating civilian opportunities in a thriving defense industry.”
“Thanks to Governor DeSantis and his dedication to Florida military communities, our state’s military and defense industry is thriving,” said Secretary Dane Eagle of the Florida Department of Economic Opportunity. “As we continue to push forward with an open and free economy, we must recognize Governor DeSantis for his dedication to keep Florida open for business. Our state is growing, our military remains the best in the nation, and I look forward to seeing even greater impacts in the next study.”
For more than a decade, the FDSTF has monitored the economic impacts of defense spending flowing to Florida military installations, private-sector defense contractors, and the more than 1.5 million veterans and military retirees residing in Florida. To do so, the FDSTF conducts a bi-annual update to gauge the economic impacts of the Florida defense industry.
To see the 2022 Florida Defense Industry Economic Impact Analysis, click HERE.