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Ashley Moody says Florida’s economic rise was built on a deliberate blueprint centered on low taxes, limited regulation and fiscal restraint. The Republican senator told Fox News Digital that the state’s policies helped transform Florida into one of the country’s fastest-growing economic centers.
Florida’s economy reached approximately $1.8 trillion in 2026, making it the 14th-largest economy in the world, according to figures cited by the Florida Chamber of Commerce. The state’s economy grew 6.3% over the past year, surpassing Australia and Mexico while moving closer to South Korea, which ranks 13th.
Ashley Moody Reveals Florida’s Powerful Growth Blueprint
Moody credited Florida’s success to three central principles: no state personal income tax, aggressive deregulation and a commitment to controlling government spending. She said those policies created an environment that attracted companies, investors, entrepreneurs and new residents.
“I’m proud that we have been able to stand up for economic freedom and safety of our people,” Moody told Fox News Digital during a visit to Miami. She argued that Florida’s approach demonstrates how state leaders can protect individual rights while encouraging private-sector growth.
The senator previously served as Florida’s attorney general and worked closely with Gov. Ron DeSantis during a politically and economically turbulent period. That period included the COVID-19 pandemic and the years that followed, when Florida experienced a dramatic increase in migration and investment.
Moody said Florida leaders resisted what she described as excessive federal control during the pandemic. In her view, the state’s decision to maintain a stronger focus on individual liberty and private markets helped establish a foundation for long-term prosperity.
Key Forces Behind Florida’s Economic Expansion
- Tax policy: Florida does not impose a state personal income tax, a feature that has attracted both businesses and higher-earning residents.
- Deregulation: State leaders have promoted streamlined rules and fewer barriers for companies and entrepreneurs.
- Population growth: Florida added more than 1.9 million residents between April 2020 and July 2025, according to U.S. Census Bureau data.
- Private investment: New residents and businesses have helped drive construction, services, real estate and other industries.
At the height of Florida’s migration boom in 2022, the state gained nearly 600,000 residents through migration alone, or roughly 1,640 people per day, according to data compiled by the University of Florida’s Shimberg Center for Housing Studies.
Rapid Growth Brings Critical Affordability Pressures
Florida’s economic expansion has also created challenges for workers and longtime residents. As businesses and wealthier newcomers moved into South and Central Florida, housing costs rose sharply.
Median single-family home prices increased by roughly 50% between 2020 and 2024, based on Census Bureau information and data from Florida REALTORS. The price surge has created affordability problems for service-industry employees, first responders and native Floridians who may not have experienced the same income gains as new arrivals.
Moody acknowledged that rapid growth requires state leaders to address infrastructure, education and environmental protection. She said Florida must build roads, improve educational opportunities and preserve its forests, beaches, Everglades and other natural resources as the population expands.
“We’ve got to stay ahead on infrastructure,” Moody said. She also emphasized the importance of meaningful educational choice for families and proactive conservation efforts across the state’s ecosystems.
Can Other States Follow Florida’s Example?
Moody believes Florida’s policies can be adapted by other states and by federal lawmakers. She said the key is for government officials to focus on their core responsibilities, protect individual rights and avoid unnecessary interference in private markets.
“The recipe for success is very simple,” Moody said, arguing that states can prosper when leaders make policy decisions around economic freedom, public safety and responsible government.
Supporters of Florida’s model say the state’s growth proves that lower taxes and business-friendly rules can attract investment. Critics, however, point to rising housing costs, infrastructure demands and pressure on public services as evidence that rapid expansion can create serious tradeoffs.
For Florida, the next test will be whether its leaders can preserve the economic momentum while making the state more affordable and livable for existing residents. The state’s $1.8 trillion economy represents a major milestone, but continued success may depend on how effectively officials manage the costs of growth.
Frequently Asked Questions About Ashley Moody and Florida’s Economy
What did Ashley Moody say about Florida’s economic success?
Ashley Moody said Florida’s growth was driven by its lack of a state personal income tax, deregulation, fiscal restraint and support for private markets.
How large is Florida’s economy?
Florida’s economy reached approximately $1.8 trillion in 2026, ranking 14th among the world’s largest economies, according to figures cited by the Florida Chamber of Commerce.
How much has Florida’s population grown?
Florida added more than 1.9 million residents between April 2020 and July 2025, according to U.S. Census Bureau figures.
What challenges does Florida face because of its growth?
Major challenges include housing affordability, infrastructure investment, educational capacity, environmental preservation and pressure on services for working families.
Does Ashley Moody believe other states can copy Florida’s model?
Yes. Moody said other states can replicate Florida’s approach by emphasizing economic freedom, limited government overreach, public safety and responsible policy decisions.