Florida is the 3rd Largest Exporter of High-Tech Goods in the U.S.
When people think of Florida-based exports, they tend to think of agricultural products like fruits, sugar, vegetables and other commodities. However, 92 percent of Florida-origin exports are manufactured goods, which create high-skill, high-paying jobs for Floridians and contribute $53.8 billion to Florida’s economy. High-tech products, in particular, accounted for nearly 1 in 4 of Florida’s exports in 2014 and contributed $13.9 billion a year to Florida’s export market, making Florida the 3rd largest exporter of high-tech goods in the nation.
With research from the Florida Chamber Foundation’s Trade & Logistics Study 2.0 showing that 95 percent of the world’s consumers live outside the U.S., what is your business doing to diversify into new markets and become globally competitive?
Urge Congress to Support Ex-Im Bank Reauthorization
You may already know many Florida exporters use the Export-Import Bank (Ex-Im Bank), the United States’ official export credit agency, for assistance receiving financing when commercial lending is not available. But did you know Ex-Im Bank is operating on a short-term extension that will force it’s closure on June 30, 2015, unless Congress takes action?
In the past five years, Ex-Im Bank has helped more than 600 Florida companies export goods around the globe. The Florida Chamber supports the long-term reauthorization of Ex-Im Bank and we need your help communicating with your federal elected officials today. Click the button below to urge your member of Congress and Senators to support a long-term reauthorization of Ex-Im Bank.
With the Panama Canal expansion on the horizon, and Florida implementing a plan to strengthen existing businesses and build new businesses based on this opportunity, it makes sense to continue to offer support to Florida’s export-import industry by reauthorizing Ex-Im Bank.
According to Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce, the loss of Ex-Im could hurt Florida companies.
“To secure Florida’s future, and prevent Florida jobs from going to foreign competitors, the Florida Chamber of Commerce supports reauthorizing Ex-Im. Ex-Im is particularly important to small-and-medium-sized businesses; those businesses account for more than 85 percent of transactions. In the past five years alone, Ex-Im has helped more than 600 Florida small businesses, 168 of which are minority owned, with export finance — a $6 billion value in Florida-based exports,” Ancona explained.
Urge your member of Congress and Senators to support the long-term reauthorization of the Ex-Im Bank.