Global Trade is Big Business in Florida

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May 12, 2014 Print Print

Gov. Rick Scott recently declared May as World Trade Month in Florida, and this week’s Scorecard Stat takes a look at just how important international trade is to securing Florida’s future.

Did You Know?

International trade and foreign direct investment accounts for one-sixth of the state’s economic output and supports one million jobs in the Sunshine State? In addition, one out of every five U.S. exporters, more than 60,000 businesses, are located right here in Florida.

Global trade leads to more prosperous communities – both here in Florida and overseas. Trade has been called the “Global Path to Prosperity” as it enables free market principles to spread to all parts of the world. In the U.S. alone, companies involved in international trade pay 30 percent higher wages than the national average. Given that over 90 percent of consumer markets are located outside the U.S., and the market is expect to double in size over the next 20 years, it’s clear that international trade opportunities are rich for Florida’s job creators.

“As the global marketplace doubles in size over the next 20 years, we ignore the importance of international trade at our own demise” said Doug Davidson, Market Executive at Bank of America Merrill Lynch and Chair of the Florida Chamber’s Trade & Logistics Institute. “We have to continue to shed light on the opportunities, and with leadership from the business community, policy makers, and organizations like the Florida Chamber Foundation through their Florida Trade & Logistics 2.0 study, we can secure tens of thousands of high-wage jobs and guarantee that our state is globally competitive in 2030 and beyond.”

If Florida wants to continue to be a global hub for trade, and attract high-wage jobs and economic prosperity on the international trade horizon, we must ensure the infrastructure is ready and continue to champion pro-trade, pro-business policies.

Florida Chamber Takes Global Trade Message to Florida Cabinet:

Florida Chamber President and CEO Mark Wilson on Tuesday, May 13, will present findings from the Florida Trade & Logistics Study 2.0 to Governor Rick Scott, Agriculture Commissioner Adam Putnam, Chief Financial Officer Jeff Atwater and Attorney General Pam Bondi sitting together as members of the Florida Cabinet. Watch it live on the Florida Channel beginning at 9 a.m.

Watch Live – Tuesday, May 13 at 9:00 a.m.:

Mark Wilson, President and CEO of the Florida Chamber, will present the Florida Trade & Logistics Study 2.0 to the Florida Cabinet on Tuesday, May 13 at 9 a.m.

The Florida Chamber Foundation continues to host regional Trade & Logistics Plan Rollout events throughout the state. Each regional event brings together the business community, policy makers and key stakeholder groups to align communities to the recommendations of the report. Secure your spot to participate in conversations with experts on the future of Florida’s economy and all aspects of international trade by registering now.

Tell Us Your Story:

We want to know your experiences in international trade, and your suggestions on how Florida can continue along the path of success and prosperity. Are there strategies that the business community should champion in order to further our success in international trade?

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About the Florida Scorecard Stat:

The Florida Scorecard, located at www.TheFloridaScorecard.com, presents metrics across Florida’s economy. Each week, the Florida Chamber Foundation produces a Scorecard Stat that takes an in-depth look at one specific statistic. If you would like additional information on the Weekly Scorecard Stat or on the Florida Scorecard, please contact Sal Nuzzo with the Florida Chamber Foundation at 850.521.1283 or snuzzo@flfoundation.org. You can also follow Sal on Twitter at @SalNuzzo and the Florida Chamber Foundation at @FLChamberFDN.

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