FloridaCommerce has announced that Florida's statewide unemployment rate has been consistently lower than the national average for four consecutive years. As of October 2024, the state's unemployment rate stands at 3.3%, with an addition of 107,600 private sector jobs over the past year.
J. Alex Kelly, Florida Secretary of Commerce, highlighted the state's efforts in supporting small businesses affected by recent hurricanes. "Under Governor DeSantis’ direction, Florida immediately launched small business recovery resources to impacted communities, and in record time, we approved more than $52 million in loan funding to expedite recovery for impacted small businesses following an active hurricane season in Florida," he stated.
FloridaCommerce has extended the zero-percent interest loan period to two years for businesses affected by multiple storms and reduced credit score requirements from 600 to 550. The agency has also made it possible for businesses with active loans from previous hurricanes like Idalia and Ian to apply for new loans.
The state offers several resources for job seekers through platforms like Employ Florida and CareerSource Florida's network. These services include career counseling, skills assessments, resume assistance, and job placement support at no cost. Programs such as Apprentice Florida aim to expand apprenticeship opportunities across the state.
For veterans transitioning to civilian life, Veterans Florida connects them with employers eager to hire individuals with military-acquired skills. Additionally, the Military Family Employment Advocacy Program provides workforce services specifically tailored for military spouses and family members.
In response to Hurricane Milton, FloridaCommerce activated a Business Damage Assessment Survey to gather data on economic impacts and expedite recovery efforts. Disaster Unemployment Assistance is available for those whose employment was disrupted due to Hurricanes Helene and Milton.
Businesses affected by these hurricanes can access financial assistance through the Small Business Emergency Bridge Loan Program until December 4, 2024.