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Florida Information

Florida is a peninsula established by a long cultural history. Today Florida consists of approximately nineteen million people with a large variety of cultural differences; Currently it is the fourth most populous state. Florida’s history and main economic ventures have been greatly influenced by Native Americans, Ex Slaves, Spanish, French and British.  Which was later obtained by The USA from the Adams-Onis Treaty in 1821.

The Native Americans that populated Florida were well known for cultivating agriculture and establishing trades among other tribes/groups throughout the south east of the United States of America. Thus bearing the roots of a great logistic opportunity, which Florida very much still obtains to this day. 

  Since the early nineteen hundreds Florida was economically known for lumber and related naval industries. When the railroad was developed through Florida this gave an opportunity for anything to be transported from Florida all the way up the East Coast in a matter of days to one week. From there the Agricultural aspect of Florida bloomed and still remains prominent today. 

 

Agriculture:

Florida is first in producing indoor plants, along with second to California in the production of greenhouse products. 

Main crops:

        ~Citrus (Oranges, tangerines, grapefruit, limes, tangelos)

                    >Also the manufacturing of citrus: Orange juice (Florida supplies 40% of the worlds orange juice), marmalades, and jellies.

        ~Tomatoes, watermelons, strawberries, bananas

        ~Vegetables: cabbage, green peppers, sweet corn etc

         ~Sugar Cane, number one producer in the nation. 

        ~Peanuts, soybeans, tobacco

Livestock: 

        ~Cattle, calves, poultry, and thoroughbred horses (Ocala).

 

Another main aspect of Florida is tourism and retirement. Billions of dollars annually are spent on tourism and building real estate. Another part of tourism and science development is the Space Center located in Cape Canaveral. Established by the Reagan administration in an effort to help expand Florida’s economy. Which has now created Florida’s second largest economic factor, software manufacturing. Many military communications systems, broadcasting components and telephone parts are manufactured here in Florida. A large amount of scientific research and defense companies are based around major air and naval bases throughout Florida. 

 

Tourism and Services: Tourism and second homes are a major part of Florida’s net GDP; generating approximately 60 billion dollars a year.  Meanwhile services comprise the largest part of Florida’s economy. 

       ~Business Services:   Private Healthcare, Law Firms, repair shops etc. 

       ~Personal Services: Hotels, amusement parks, home maintenance etc. 

       ~Financial Services:     Florida is rapidly growing in the Financial market due to the real estate industry, insurance etc. Financial opportunities  are developed in banks, insurance, loans, and  investment firms. 

 

~Wholesale/Retail Services: 

        ~Retail: automobile industries, food stores, service stations,    shopping centers. Jacksonville’s St. Johns    Town center ranks number nine in the whole nations    top shopping centers. Only to be developed more   each year. 

        ~Wholesale: Oil, citrus, fruits, and liquor. 

Fishing and Mining:

        Fishing: Shrimp, lobster, grouper, clams, swordfish, tuna, oysters, scallops    and sharks. 

        Mining: four fifths of the country’s phosphate rock (commonly found in   fertilizer) is extracted in Florida. Along with Oil,             Limestone, and Clay (used to filter petroleum and art usage)

 

International Trading: Florida has always been used as a wonderful logistic point for trading internationally among, North America, South America, and Europe. Spectacular locations for storage and distribution of many products since its early history. Another major advantage to developing trade and head offices in Florida is that Florida does not impose Personal taxes, has a low corporate tax of approximately 5.5% and a sales tax of around 6%. This link explain all taxes established for businesses in Florida, http://www.stateofflorida.com/Portal/DesktopDefault.aspx?tabid=29. Below are listed the main ports/Cities of Florida:

~Miami: International port used as a main center for Latin American trade.

        ~ 4 more cranes are being brought to Miami port to help with the    expansion of the Panama Canal in 2014. 

        ~ Regent Cruise Lines is now operating from Miami Port. 

        ~ New agreements between Colombia, Panama, and South Korea shall expand the commerce of Miami Port, as well as other    Florida ports.

        ~ State Funding is being used to deepen the port of Miami,  approximately 112.5$ million directed towards the “Deep Dredge”     project in order to deepen the canal by 50 feet with the intention of being able to handle larger ships that shall be coming through with the finishing of enlarging the panama canal. http://www.miamidade.gov/portofmiami/press_releases/10-07-2011-deep-dredge-construction.asp  

        ~ Approximately eight million tons of cargo is pushed through Miami Port per year. 

~Jacksonville: 

        ~3 ports are publicly owned, while there is over a dozen private owned and maintained ports. 

         ~Room to grow exponentially

        ~Access to all main highways: 9A, 95 North and South, I-10

        ~Handles over 16 million tons of Cargo a year between the  18 or more ports, but around 8 million tons of cargo in the  3 public  owned ports. 

 

~Tampa:

        ~Floridas largest cargo tonnage port

        ~Large local Market, 8 million people within 100 miles

        ~Largest Port in Florida 5,000 Acres; leaves room to grow

        ~Major cruise home port

        ~One of the worlds premier fertilizer ports

        ~Top shipbuilding and repair centers in the SouthEast USA

        ~Around $8 billion economic impact and 100,000 jobs

        ~456,000 Square feet of warehouse space

        ~Foreign Trade zone #79 : A secured area within the United States, but technically is not part of the territory included for U.S. Customs. 

        ~1,500 acres of industrially zoned land with deep water access of 43 feet. 

~Critical port for Citrus import and export

~Working towards a 24 hour downtown port area

~Orlando:

 

 

Brazil and Florida: 

~ Floridian of the Year 2012: Brazil  

Brazilians have played a large role in investing in Florida with businesses, real estate and tourism. Brazilian companies have an interest in coming to Florida and testing company ideas for an American consumer point of view. Miami is heavily marketed due to the fact that there is a huge similarity in Latin culture between the two continents. Recently a company “Americas Natural Caffeine” have decided to place their manufacturing plant out of Riviera Beach, Florida. Planning on investing around $25 million and around 75 jobs, paying on average $62,000. Another company newly invested in Florida is Brazils largest restaurant chain is “Giraffas”, opened its first chain in North Miami the summer of 2011. Costing around $600,000- $1 million to open and employing 25-30 people. Real estate is also a hot item to purchase for Brazilians. A second home in Brazil may cost around $700,000, where as in South Florida $300,000-$400,000. Since Miami has a similar atmosphere, Brazilians are comfortable to enjoy time away from their homeland while making a good investment. Tourism has also increased around 50% in the past year, up to about 1 million Brazilians a year entering Florida. If the inconvenient visa process was eliminated then tourism could triple. 

 

Fun Facts:

~Burger King was bought by a Brazilian Company in 2010. 

~ Brazilian investor BVCC bought an office building for $33 million in     Boca. 

~ Boldini Ships announced in 2011 to build 5 ships on Callaway, Florida.     Allocating 300 jobs.

~The Brazilian-American chamber receives three to five notices a month     to inquire about doing business in Florida. 

~Approximately  300,000 immigrant Brazilians live in Florida. 

 

http://www.floridatrend.com/a56184_brazil-brings-real-benefit-to-florida-

 
 
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