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Global Trade is Big Business with Canada Contributing $4.49 Billion Annually
TALLAHASSEE, FL (May 14, 2014) – Florida’s neighbor to the north, Canada, is the Sunshine State’s number one export market for agricultural products – with 22 percent of Florida’s agricultural exports going north while at the same time fueling economic growth and job creation here in Florida, the Florida Chamber of Commerce today. Additionally, Canada is the number two destination country for all Florida exports – trailing only Brazil.
In celebration of World Trade Month in Florida, the Florida Chamber is pleased to highlight the vibrant economic role that Canada plays in Florida’s economy. Consider that:
530,000+ Florida jobs depend on trade with Canada,
27,000+ Floridians are employ by nearly 200 Canadian-owned businesses, and
Canada is the 2nd largest investor in Florida, accounting for 12 percent of all foreign employment.
“With more than 47,500 commercial farms accounting for 65 percent of total U.S. citrus production and ranking second in the nation in the value of vegetable production, Florida’s vibrant agriculture industry is a leading pillar of Florida’s thriving economy,” said Alice Ancona, Director of Global Outreach for the Florida Chamber’s South Florida office. “Our strong partnership with countries like Canada is further putting Florida in the driver’s seat to become a global hub for trade.”
In addition to thriving trade relations with Canada, nearly four million Canadians visit Florida each year and spend about $4.4 billion in our state. Furthermore, Canadians have been the leading foreign purchaser of Florida real estate for several years running and account for about 30 percent of all homes purchased by foreigners in 2013 in the nation, and about five percent of all homes purchased in Florida.
“Florida’s future prosperity and our growth as a global hub for international trade are inextricably linked,” said Ancona. “In order for Florida to continue on its mission to be a global hub for trade, the business community must unite and policymakers must remain committed to Florida’s trade future.”
Established in 1916 as Florida’s first statewide business advocacy organization, the Florida Chamber of Commerce is the voice of business and the state’s largest federation of employers, chambers of commerce and associations, aggressively representing small and large businesses from every industry and every region. The Florida Chamber works within all branches of government to affect those changes set forth in the annual Florida Business Agenda, and which are seen as critical to secure Florida’s future. The Florida Chamber works closely with its Political Operations and the Florida Chamber Foundation. Visit www.FloridaChamber.com for more information.