Florida retains 4th place rank among exporting states

03/02/2012 GACC South News, Global AHK News, Global DEint News

With $64.8 billion in origin exports last year – 17 percent higher than 2010’s total - Florida has held its position as the nation’s fourth largest export state.

“This ranking confirms that Florida is a great place to do business on a global scale,” said Governor Rick Scott.  “My team works every day to make Florida the No. 1 business state and a highly valued trade partner with countries around the world, especially those in Central and South America.”

Florida Secretary of Commerce Gray Swoope attributes the ranking to the continuing strength of Florida’s export sector. “It supports hundreds of thousands of jobs and is a primary economic driver in the state,” said Swoope, who’s also the president & CEO of Enterprise Florida, the state’s chief economic development organization.  “Enterprise Florida will continue expanding Florida exports by building more awareness of the benefits among smaller and mid-sized businesses and facilitating the process for them,” Swoope explained.

From 2010 to 2011, Florida’s new exports amounted to nearly $9.4 billion, representing a growth rate that exceeded the nation’s 15.8 percent increase during the same time frame.  Even more, Florida’s total exports for ‘10-11 ($64.8 billion), surpassed its peak year, 2008 ($54.2 billion).  And with an additional $34.5 billion in exports of services, Florida companies exported nearly $100 billion in goods and services in 2011.

The National Association of Manufacturers reports that Florida ranks second in the U.S. for export-intensity – meaning the state has the second highest level of exports as a share of total manufactured goods.  

“These factors as well as our success in helping more companies understand the value of and engage in international trade positions Florida to more than double its exports by 2014 from 2009 levels,” said Manny Mencía, senior vice president of Enterprise Florida’s international business division.

Eighty-five percent of Florida’s exports are manufactured goods.  To promote growth in this industry, Florida’s sales tax statutes already provide a number of exemptions for the purchase of machinery and equipment, including an exemption for new businesses.  During the

2012 legislative session, Governor Scott has proposed additional tax relief for existing manufacturers, encouraging further investment and growth in Florida’s manufacturing industry.

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Enterprise Florida, Inc. (www.eflorida.com) is a partnership between Florida's business and government leaders and is the principal economic development organization for the state of Florida.  Headquartered in Orlando, Enterprise Florida’s mission is to facilitate job growth for Florida’s businesses and citizens leading to a vibrant statewide economy.  In pursuit of its mission, Enterprise Florida works closely with a statewide network of economic development partners and is funded both by the State of Florida and by private-sector businesses.

Source: www.eflorida.com - Webview