There are many factors which you need to take into consideration before starting a business. After you have a closer look at Florida, you will discover there are many factors which make the state among the best where you can set up a business. For example, the area has a lot of international facilities which make it a hub where you can start an international business. There are also well established trade networks in the area, this make it easy for you to develop a business opportunity.
This article is the third of a five-part series that explains why you should do business in Florida. Written by Issa Asad, this article will highlight Florida’s trade power, which makes the state an international powerhouse.
Mr. Asad is a Dania, Florida-based entrepreneur that has served the South Florida community since 1996. He is the CEO Q Link Wireless, LLC, and Quadrant Holdings, LLC, located in Dania, Florida. Here is why you should do business in Florida part three: trade.
Florida is an International Business Center
Florida is a host of headquarters of many companies from different parts of the world. This makes it a strategic place where you can set up your business. For the international communities to decide and have their headquarters in Florida, it means the place is strategic in their operation. This makes the state among the best areas which you can decide to go for in case you will like to access international recognition in running your business. It forms an international banking center and many other businesses which operate globally such as Consular Corps which represents more than 80 nations. Florida is accessible to global markets which make it a strategic place where businesses can set up their warehousing facilities, manufacturing, and distributions among other operations.
Foreign Direct Investment (FDI)
Florida has been leading when it comes to attracting direct foreign investments. It is ranked number 6 among the US states in attracting foreign investments. The EB-5 Investor Visa program allows investors to obtain rights to reside in Florida after they establish business in the area. This is a program which you can take advantage in case you are a foreigner and establish your business in Florida.
In 2014 alone, a total of $153.2 billion worth of merchandise flowed through the sea port and airports of Florida. This makes the state the leader in international trade. Enterprise Florida works with its partners to ensure companies which will like to expand have accessed the necessary help for them to expand. The enterprise is very helpful in assisting companies which will like to export products. The second largest FTZ network in the USA is available in Florida. This allows addition of value to foreign goods tariff free hence attracting more investors.
Trade and Investment Network
Enterprise Florida has 15 international offices which span in 13 countries, 6 trade offices which are located in different parts of Florida to ensure they reach out for more people. The enterprise Florida is very helpful in helping businesses which will like to establish in Florida or those which will like to locate to Florida from overseas. This makes the work of establishing a business in Florida very easy in case you are interested in venturing in Florida market. You will just contact the network and you will access useful information and assistance which you need for you to establish your business in the area.