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Back to Americas
Contents:
- About Florida and Miami. Economic Outlook.
- International Advantages.
- Financial Advantages and Incentives.
- Florida industry clusters
- Setting up Business in Florida: Corporations and Limited Liability
Company (LLC)
Summary
Florida's economic growth is one of the success drivers for businesses
that choose to locate in Florida. If it were its own country, Florida
would be the 19th largest economy in the world. It is not only one of
the largest states in the U.S., but also one of the fastest growing, in
terms of population, economic growth, personal income, employment and other
statewide indicators. Florida’s population grows by about a third of a
million new residents each year.
Florida is host to some 300 regional and hemispheric headquarters of
companies from all over the world, making it a pillar of international
business and trade. Many international firms base other facilities, such as
those for warehousing, distribution and manufacturing, in Florida to take
advantage of its easy access to global markets. International firms use
Florida to access Latin American and Caribbean markets, as well as the U.S.
market.
Florida's economy encourages the growth of high tech companies.
Florida led the Southeast and ranked 4th nationwide in high tech employment
in 2006. Some of the other industries that have recorded significant
economic growth in the state include professional & business services,
trade, transportation, construction, leisure and hospitality, education and
health services, and others. Florida leads in international trade and
investment. The total value of merchandise trade flowing in and out of the
U.S. via Florida has nearly doubled in the last decade, reaching $109.75
billion in 2006.
Florida is a leader in foreign direct investment. Ranked 12th among all
U.S. states in total holdings by non-U.S. companies in 2005 (most recent
data) and 5th in terms of employment by foreign-affiliated firms, Florida
has emerged as a hotspot for foreign direct investment (FDI).
More information about Miami Florida
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