Florida as a Global Investment Destination
Florida is now the third most populous state — and we’re still growing. By 2030, six million more residents will call Florida home and two million more jobs will be needed. To prepare for this continued growth and ensure Florida remains successful, we must continue to seek new opportunities.
From its discovery, Florida has been global and international trade and foreign direct investment have helped advance Florida’s position in the global marketplace. Global linkages have been a significant part of Florida’s economy, helping the state recover from the recession, diversify our economy and become a global player. Florida’s present and future are tied to its ability to be a successful hub for international trade investment. Florida is on the verge of entering the $1 trillion GDP club whose members currently include Poland, Taiwan, Egypt and Thailand. If Florida were a country, it would be ranked 16th in the world. In fact, Florida just recently surpassed Argentina and Netherlands in GDP.
The Facts are Undeniable:
- More than 2 million Florida jobs depend on trade — that’s 1 in 5 Florida jobs.
- Over 266,000 are employed by majority-owned U.S. affiliates of foreign companies.
- International companies grow faster, are more profitable, pay higher wages and are more resilient during economic downturns.
Foreign direct investment (FDI) plays a key role in driving innovation and economic development and ensuring that Florida is globally competitive.
There are still new and exciting opportunities to be had.