Business Expansion Through Exporting...It’s importantto note that exporting is a business...

Business Expansion

Through Exporting

Cape Coral International Trade Summit

June 7, 2011

ENTERPRISE FLORIDA eflorida.com

Exporting Myths

• Only large multi-national companies can succeed in exporting

• A company needs a product in order to export

• A company has to be a manufacturer in order to export

• Only high-tech products are successfully exported

• Exporting is not profitable

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Exporting Facts

• 95% of Florida’s exporters are small and medium enterprises

(SMEs), accounting for 63% of Florida’s exports

• Nearly a third of Florida’s exports are services

• Over 50% of Florida’s exports are manufactured outside of Florida

• Florida exports sand to the Trinidad and icemakers to Greenland

• Florida's exporters grow 15% faster, pay 15% higher wages and are

15% more profitable than non-exporting companies

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Impact of International Business on Florida

• Over 1.3 million jobs in Florida depend on international business

• Over 43,000 companies in Florida export products or services

• Florida is second only to California in the concentration of exporters

• Florida is the fourth largest exporter among U.S. states

• Anecdotal reports suggest that the global economic downturn continues to have less of an impact Florida exporters

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Reasons to Consider Exporting

• While the United States remains the single largest market in the

world, it represents less than 25% of the global economy

• Exporting can place a company’s product or service in markets that are experiencing above-average growth

• Exporting can extend a product’s life cycle

• The Godfather Factor

• Foreign exchange rates

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The Impact of

Foreign Direct Investment (FDI) on Florida

• Florida ranks fifth in the nation in terms of FDI employment

• Approximately 2,500 foreign subsidiaries operate in Florida

• Foreign companies employ 273,100 Florida residents

• Total value of holdings by all foreign investors is over $40B USD

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Enterprise Florida’s Goals

• Market Florida’s international advantages worldwide.

• Assist Florida companies to export products and services and

identify joint ventures and strategic alliance partners

• Provide an international network to identify foreign direct investment

prospects and to assist Florida companies to export

• Create a statewide trade development network to assist Florida’s small and medium size companies to access international markets

• Job creation through exporting and foreign direct investment

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Who We Serve

• Small and medium-sized Florida manufacturers, distributors and

service companies

• Florida economic development and trade organizations

• International companies interested in Florida’s products and

services

• Foreign direct investors interested in expanding or relocating to

Florida

• Florida communities interested in attracting foreign direct

investment

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ENTERPRISE FLORIDA ef/orida.com

FLORIDA FIELD OFFICES

Santa Rosa

Okaloosa Walton

Holmes

Jackson

Washington

Bay Calhoun

Gadsden

Leon Madison Hamilton

Taylor Wakulla

Liberty

Franklin Gulf Lafayette

Suwannee Columbia

Alachua

Dixie

Bradfor d

Gilchrist

Baker

Nassau

Duval

Clay St. Johns

Putnam

Flagler

Levy

Citrus

Pasco

Volusia

Hernando

Sumter Lake

Hillsborough

Manatee

Polk

Seminole

Orange Brevard

Osceola

Highlands

Sarasota

Okeechobee

Charlotte

Lee

Glades

Collier

Indian River

St. Lucie

Martin

Palm Beach

Broward

Monroe Dade

Marion

Hendry Lorrie Belovich (V)

Larry Bernaski (III)

Michael Schiffhauer (IV)

Broward, Indian River, Martin, Okeechobee, Palm Beach, St. Lucie

Charlotte, Citrus, Desoto, Hardee, Hernando, Hillsborough, Manatee, Pasco,

Pinellas, Polk, Sarasota

Alachua, Baker, Bradford, Clay, Columbia, Dixie, Duval, Flagler,

Gilchrist, Hamilton, Lafayette, Levy, Madison, Nassau, Putnam,

St. Johns, Suwannee, Taylor, Union

Brevard, Highlands, Lake, Marion, Orange, Osceola, Polk, Seminole, Sumter,

Volusia

John Diep (VI)

Andrea Moore (I)

Ken Cooksey (II)

Gadsden, Jefferson, Leon, Wakulla

Bay, Calhoun, Escambia, Franklin, Gulf, Holmes,

Jackson, Jefferson, Liberty, Okaloosa, Santa Rosa,

Walton, Washington

Coral Gables Office (VII)

Collier, Glades, Hendry, Lee, Miami-Dade, Monroe

Coral Gables

Office

Pensacola Field Office

Tallahassee Field Office

Jacksonville Field Office

West Palm

Beach

Field Office

Tampa Field Office

Orlando Field Office

Hardee

DeSoto

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United Kingdom Germany

Montreal France Czech Republic

Toronto Beijing Spain Japan

Israel Shanghai

Mexico Taiwan

Brazil

South Africa

Enterprise Florida = Full Service Office (9)

= Liaison Office (6)

International Offices


2011 International Trade Development

Priorities

• Retain Florida’s market share in the Latin American Region

• Assist Florida SME’s to diversify exports to emerging markets

in Asia, Africa and the Middle East

• Increase Florida high tech and high wage exports worldwide

• Capitalize on the Panama Canal expansion

• Market Florida worldwide as an ideal investment destination and

identify foreign investment prospects

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Key Target Markets Worldwide

North America, Latin America and the Caribbean Basin

Argentina

Brazil

Canada

Caribbean Nations

Central America

Chile

Colombia

Dominican Republic

Mexico

Peru

Venezuela

Europe

Belgium

France

Germany

Italy

Spain

The Netherlands

United Kingdom

Far East (Asia) and Oceania

Greater China

Malaysia

India

Singapore

Japan

Australia

Africa and Middle East

Israel South Africa Gulf Cooperation Council Nations

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Target Sectors

TRADE

• Aviation/Aerospace

• Life Sciences

• Information

Technologies/Telecommunications

• Electronics

• Homeland Security/Defense

Technologies

• Clean Energy/Environmental

Technologies

• Professional/Transportation/

Financial Services

FDI

• Aviation/Aerospace

• Information Technologies

• Life Sciences

• Homeland Security/Defense Tech.

• Financial Services/Professional Serv.

• Clean Energy

• Emerging Technologies

• Manufacturing

• Multinational Headquarters/Logistics

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Enterprise Florida International Trade Services

• Counseling, information and referrals

• Export readiness assessment

• Participation in trade exhibitions, trade missions and catalog shows

• Country-specific market information

• Export sales leads

• Identifying potential overseas buyers

• Florida Export Directory on-line

• Inbound trade missions

• Seminars and workshops

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Foreign Direct Investment Services

• Market Florida advantages worldwide

• Identification of international investment projects and leads

• Provide custom-tailored information and proposals to potential international investors on:

- Florida and its communities

- Process and regulations for establishing in the state

- Florida business advantages

• Referrals to local EDOs

• Site selection assistance in partnership with local EDOs

• Assist qualified companies to apply for and obtain financial and training

incentives

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Services Provided by Enterprise Florida’s International Offices

Basic Services:

• Counseling services for Florida and foreign companies.

• Trade lead generation.

• Investment lead generation and follow-up.

• Support for EFI in-country trade events.

• Support for trade and investment missions from Florida.

• Appointment scheduling for EFI’s economic development partners.

• Maintain country specific websites in target languages in key markets.

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Final Thoughts

• It’s important to note that exporting is a business expansion strategy and not a business development strategy

• It simply makes sound business for a business to at least consider

its role in international markets

• There are ample enough resources to assist a business in making

an informed decision regarding international expansion strategies

• If your company believes it’s not important or necessary to compete

on a global level…remember that you already are…

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Business Expansion Through Exporting...It’s importantto note that exporting is a business...

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