E N T E R P R I S E F L O R I D A · FLORIDA’S FINANCIAL SERVICES CLUSTER (select companies...
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E N T E R P R I S E F L O R I D A
Transcript of E N T E R P R I S E F L O R I D A · FLORIDA’S FINANCIAL SERVICES CLUSTER (select companies...
E N T E R P R I S E F L O R I D A
WHY FLORIDA?AS THE NATION’S 3RD LARGEST STATE,
THERE’S NO DOUBT FLORIDA IS A MONEY MARKET.
BUSINESS CLIMATE
MARKET & ACCESS
Consistently ranked one of the best states for business, Florida is committed to keeping regulatory requirements and business taxes low. That, along with a strong economy and zero personal state income tax, make it a great place to do business. We won’t stand in the way of your success. We’ll pave the way for it.
Success today requires global access. Florida offers one of the most extensive transportation systems in the world, so you can reach your customers and suppliers anywhere, fast. Whether you’re serving Florida’s large market, the U.S., Latin America, or the globe, no other state can expand your reach like Florida.
Source: Tax Foundation
*
17th LARGEST GLOBAL ECONOMY,
IF FLORIDA WERE A COUNTRY
FLORIDA AVIATION & DEFENSE
businesses export more than
$7.2 BILLION
#3 IN THE NATION
in goods annually,ranking Florida
Source: AIA
FLORIDA AVIATION & DEFENSE
businesses export more than
$7.2 BILLION
#3 IN THE NATION
in goods annually,ranking Florida
Switzerland$678BSwitzerland$678B
U.A.E.$382BU.A.E.$382BIreland
$333BIreland$333B
Florida$1TrillionFlorida$1Trillion
Most of the nation’s leading financial and insurance services firms have established large operations in Florida to take advantage of our global connectivity, experienced workforce, and growing market. All of these assets in a cost-competitive and welcoming state mean that Florida isn’t just ready for the future, we are the future.
CONNECT WITH THE BEST
WORKFORCE EXCELLENCENothing is more important to a company’s success than its workforce. More than 370,000 professionals work in Florida’s finance and insurance industries, and our universities are among the nation’s top producers of industry talent. So while we’re helping you succeed with today’s talent, we’re also preparing tomorrow’s.
*NSF
TOP TEN BANKS IN FLORIDA (FDIC )
Name Total Assets ($000)
TIAA, FSB $34,447,886
BankUnited $31,283,407
Raymond James Bank $22,987,118
City National Bank of Florida $14,100,092
Florida Community Bank $12,004,272
CenterState Bank $10,523,619
Mercantil Bank $8,519,499
Seacoast National Bank $5,923,415
Ocean Bank $3,767,715
Capital City Bank $2,864,143
LARGEST DEPOSIT MARKETS (from 2017 Summary of Deposits)
MarketInstitutions in
MarketDeposits
(In Millions)
Miami - Fort Lauderdale - West Palm Beach, FL
99 $231,669
Tampa - St. Petersburg - Clearwater, FL
63 $81,938
Jacksonville, FL 36 $59,116
Orlando - Kissimmee - Sanford, FL
46 $47,612
North Port - Sarasota - Bradenton, FL
40 $20,976
Florida’s diversified economic structure has enabled it to become a truely global player in the financial services and insurance industries.
Florida Resident FINRA Licenses (total number for each license statewide)
• Series 7: 27,367• Series 63: 34,917• Series 65 & 66: 21,692
20,0000 40,000 60,000
STEM GraduatesTotal Bachelor’s Degrees Awarded Annually
80,000 100,000
GA
FL STEM Graduates
MA
NC
VA
Bachelor’s Degrees
BACHELOR’S
FLORIDAis a leader in the production of
STEM GRADUATESand total graduates with
degrees.*
FINANCIAL SERVICES AND INSURANCE INDUSTRY EMPLOYMENT (Annual 2017)
Sector (Industry Code) Employees Firms Average Wages
Credit Intermediation and Related Activities (522) 161,120 11,285 $76,847
Securities, Commodity Contracts, and other Financial Investments (523) 46,566 8,214 $153,220
Insurance Carriers and Related Activities (524) 160,951 13,868 $73,125
Funds, Trusts, and other Financial Vehicles (525) 1,289 433 $107,570
Total 369,926 33,800 $95,249
Degree production for Financial Services (Annual 2017, JobsEQ)
• Certificates: 11,191 • Bachelors: 17,406• Postgraduate: 8,676• Total Awards: 37,273
MAP KEY
Commercial Airports (20)
≤ 1,791
1,791 - 13,970
13,970 - 61,569
≥ 61,569
Number of Financial Services and Insurance Employees
TALLAHASSEE JACKSONVILLE
GAINESVILLE
ORLANDO
TAMPA
MIAMI
AetnaBank of AmericaCitiDeutsche BankFidelity InvestmentsFidelity National FinancialFlorida BlueJP Morgan ChaseLender Processing ServicesMacquarie GroupTIAA Bank
Ocwen Loan ServicingTempleton International, Inc.
American ExpressAXA Advisors' Florida/Caribbean Region
Banco Santander InternationalBank of America Merrill LynchBankUnitedBrink's Global Services - LatinAmerica
BUPA Latin AmericaCitibankCitigroup Latin AmericaGrant Thornton InternationalIntermex Wire Transfer, LLCItau Private Bank InternationalMAPFRE USAMasterCard WorldwideNorthern Trust Bank of FloridaParis RE Latin AmericaSabadell United BankSunTrust BankTD BankVisa International, Latin America & Caribbean Wells Fargo
BNY MellonCNL Holding LLCDigital RiskFairwinds Credit UnionJP Morgan ChaseVerizon Communications
Navy Federal Credit Union
ST. PETERSBURG
CitiDepository Trust & Clearing Corp.JP Morgan ChaseMetlifeMorgan Stanley Wealth ManagmentPNCPricewaterhouseCoopersRaymond James Financial, Inc.T. Rowe PriceUSAA
FCCI Insurance Group
W. PALM BEACH
FT. LAUDERDALE
FLORIDA’S FINANCIAL SERVICES CLUSTER(select companies highlighted)
#3#3 Largest Insurance Industry in the U.S.
Largest Financial Services Industry in the U.S.#4#4 160160 Private Equity Firms,
More than $33.9B AUM
121121 Commercial Banks with $193B+ in Assets
Foreign Banks have their HQ in Florida1818
ENTERPRISEFLORIDA.COM
ARE YOU READY?ENTERPRISE FLORIDA IS HERE TO HELP
For expansion and location assistance:
HEADQUARTERS800 North Magnolia AvenueSuite 1100Orlando, Florida 32803(407) 956-5600
TALLAHASSEE101 North Monroe StreetSuite 1000Tallahassee, Florida 32301(850) 298-6620
INTERNATIONAL TRADE & DEVELOPMENT201 Alhambra Circle Suite 610Coral Gables, Florida 33134(305) 808-3660
WHY FLORIDA?COMPANY TESTIMONIALS
Rev. 05/2019
Tim VanderhoofSenior Vice President, Business Development+1 (407) [email protected]
“Since 2008, Deutsche Bank’s presence in Florida has grown rapidly from 100 to nearly 1,500 employees. Our Jacksonville location has been a great success and continues to represent an exciting opportunity for the Bank, thanks to the tremendous support we have received from the State of Florida and the City of Jacksonville. The Bank looks forward to being a strong partner in Florida’s growing financial industry over the long term.”
Leslie Slover | Managing Director & Regional Head | Deutsche Bank
“We needed a place that would not only appeal to our employees moving from New York, but would also allow us to recruit a knowledgeable workforce with expertise in technology, finance, accounting, operations and communications. We needed a place with strong educational resources, a good housing stock, diversity and respected medical facilities. We found all those critical attributes in Tampa. And we found something else as well. We found a community that welcomed and embraced us. We found a a neighborhood where we've been able to put down roots. We found a place to call home.”
Donald F. Donahue | Chairman and CEO | DTCC
“We have received a warm welcome from the state and local economic development partners, who aided in our decision process to locate in Metro Orlando. The region's talent pipeline, which is full of finance and accounting graduates, was an integral factor in Verizon choosing to invest in Central Florida.”
Michelle Robinson | Vice President, South Area | Verizon Communications
“We are thrilled to now be able to call Jacksonville home for our expanding company. The talent we have already secured from Jacksonville is top-notch, and it reiterates what what we already know about Northeast Florida - Jacksonville's rich talent pool, incredible quality of life and downtown growth provide us the key ingredients to continue growing our operations in the U.S.”
Patrick Upfold | CFO | Macquarie Group
