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Tag Archives: Tech Industry

5 Reasons to Do Business in Florida

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Competing in today’s international market can present a lot of challenges. Establishing your business in a strategic location is the first step towards overcoming these challenges. Florida offers an excellent hub for business thanks to its business-friendly environment. Florida understands the needs of every business and has capitalized on this to create a suitable location for business. But, do you know what are the 5 Reasons to Do Business in Florida?

“Florida’s industries are rising every day, especially the technology and telecommunications industry,” said Issa Asad, an entrepreneur in the South Florida area since 1996. Mr, Asad is also a bestselling author of four e-books and the CEO of two companies located in Dania Beach, Florida: Q Link Wireless, LLC, and Quadrant Holdings, LLC.

Mr. Asad has outlined various reasons why you need to invest in Florida.

Here are some of the 5 reasons to do business in Florida.

  1. Friendly Business Environment

    Florida boasts business-friendly legislation and a huge market which can help companies to achieve their growth goals with ease. Florida also features among the top states for business due to its pro-business tax policies, streamlined regulatory environment and competitive cost of doing business. Florida’s government has come up with legislative, fiscal and market initiatives, like targeted industry incentives, insurance tort reform and many more.

    Land, capital and labor are more affordable in Florida compared to states, such as California and New York. Businesses thrive in a low-tax environment characterized by tax exemptions, no personal income tax and other tax advantages. Florida’s regulatory agencies provide quicker and less costly permitting processes for economic development projects. Businesses can access capital from state, federal and private sources.

  2. Excellent Infrastructure

    Florida boasts one of the most extensive multimodal transportation systems in the world, featuring international airports, extensive rail and highway networks, deep-water shipping ports and hubs that allow for ultra-speed data transmission from the United States to Africa, Europe and Latin America.

    Florida is connected to the globe in every possible way, making it a true hub for business. It features among the world’s top five telecom hubs thanks to the Miami’s Network Access Point which is the main switching station for high speed networks to and from America. Also it has faster and widely available wireless network. Issa Asad also mentions Florida’s strong trade and cultural connections with Latin America as another factor that makes it ideal for business.

  3. Global Trade Center

    Florida is host to hemispheric and regional headquarters of many companies from across the globe, a vibrant global banking hub and a diplomatic center with a Consular Corps of over 80 nations. A number of global companies base their warehousing, manufacturing and distribution facilities in Florida to capitalize on its easy access to international markets. Florida leads in attracting foreign direct investment, thanks to the EB-5 Regional Centers which allow foreigners permanent residency while investing in this state. Merchandise trade valued at a whopping USD 158.4 billion passed through Florida’s seaports and airports in 2013, making it one of the leaders in international trade.

  4. Workforce

    With over 9.5 million talented and diverse workers, Florida can meet the workforce demand of any employer. In fact, Florida’s workforce is always ranked as one of the best all over the nation. The state’s excellent workforce skills can be attributed to its great educational institutions and training programs. Apart from being huge, Florida’s workforce is also less costly than many other leading states, thanks to lower business costs and favorable tax policies.

    Moreover, Florida’s labor force is linguistically and culturally diverse, providing competitive advantages to companies in the global market. It has 12 public universities, 6 medical schools and many private universities and colleges that work with the business community to develop programs that meet the needs of industries. Florida offers customized training programs to help businesses become operational quickly and less costly.

  5. Quality of Life

    Florida is a very desirable and affordable place to live in thanks to its lower cost of living, which is below that of many other states with the same economic growth. Its local and state governments are committed to offering low tax environment, quality public services and plentiful modern amenities.

    With unique shopping experiences, more than 1,300 golf courses, many white sandy beaches, multiple lakes and numerous parks and recreation spots, Florida offers a perfect place to live in. These features also make Florida one of the best tourist destinations in the globe. According to Asad, its booming tourism industry provides greater business opportunities and a dynamic market for companies. Florida offers a wide spectrum of arts, culture and history to stimulate the mind and soul. It hosts many high-profile art exhibitions, international festivals and well-known entertainers.

Reasons Why Issa Asad Sees South Florida’s Tech Industry Rising

Located at the southern tip of the United States, South Florida is known for being an ideal vacation spot, a great retirement locale, as well as a great place in which to retire. However, many may be quite surprised to find that the area is increasingly being known for its tech industry.

Issa Asad, a technology and telecom entrepreneur, social media expert and bestselling author from Miami, Florida, says that “South Florida’s technology industry is increasing its success and prominence even more this year.”

Technology Expert Issa Asad

Issa Asad

Issa Asad has been an entrepreneur in South Florida since 1996. His books on how to succeed on social media, including Instant Profits with Instagram and Instant Profits with Snapchat, have been downloaded hundreds of times on Amazon. He is also the CEO of Q Link Wireless and Quadrant Holdings in Dania, Florida.

Recently, Asad shared with us why he believes the South Florida’s technology industry is increasing. Here are the reasons why Issa Asad sees South Florida’s tech industry rising.

1. Silicon Valley Money Is Coming in to Boost Tech Start-Ups

Silicon Valley, the American capital of tech entrepreneurs and technology has increasingly shifted its focus to the rest of America as it looks for the next greatest ideas. This focus has resulted South Florida increasing its emergence as a tech hub since 2011.

A good example is GrubHub which in 2014 achieved market capitalization due to the continued backing from Silicon Valley investors. He predicts this trend to continue and thereby cause the tech industry in this region to boom to even further heights.

2. Increased Global Awareness of the Opportunities

First Personal computer By: IBM in FloridaDid you know that the first personal computer by IBM was invented and introduced in South Florida? This is one of the many surprisingly little known facts about the tech industry in South Florida. This industry can trace its roots back to the first days of computing and has shown immense inventiveness and ingenuity in the market.

Increased awareness of the important place that South Florida holds in the tech industry is now becoming a reality thanks to the efforts of organizations like the non-profit, South Florida Technology Alliance. This organization has taken upon itself to market the region and attract more investment in an industry with a very solid background. It has created an IT network that provides invaluable information, technology resources and event information to possible investors and tech entrepreneurs.

3. Gateway to Latin America and Caribbean Markets

South Florida is perfectly placed as the gateway to the Latin American and Caribbean markets. The region boasts the perfect mix of technology skills and innovation combined with bilingual use of Spanish and English. This makes it the perfect entry point into these new markets. As Issa Asad explains, “this is prime time to capitalize on global connectivity brought on by social media to create a marketing storm.”

Companies that are able to create compelling social media campaigns to breach these new markets, will see an immense surge in their revenue and profitability. Furthermore, with a thawing in the offing of international relations between the United States and Cuba, South Florida’s market potential is about to increase. Investors are keenly watching the Government’s shift in policy towards Cuba with such moves as a lifting of the embargo that has been in place since JFK was in office.

4. Social Media and Mobile Computing Leading to Economic Growth

On the list of why South Florida’s tech industry is increasing, is the boom of nationally recognized tech companies in the area. Companies such as 3Cinteractive and Modernizing Medicine are changing the scene by continued to show increased profitability, national success and potential to cross over into international markets. This is important because it creates a pervasive impression that the area is ripe for increased investment.

5. IT Events Held in South Florida

Just last December, Florida hosted ITPalooza and in May the region played host to eMerge Americas Techweek Conference. These conferences brought together tech industry experts and investors to discuss the future of the Information Technology industry in Miami. This reflects the optimism and confidence that this market is creating in the minds of industry players. A second eMerge Americas Techweek Conference is scheduled for May 2015 and this will see a definite increase in the amount of investment directed into the South Florida tech industry.

The time to invest in this burgeoning market is now.