{"id":15349,"date":"2020-08-03T20:58:36","date_gmt":"2020-08-03T20:58:36","guid":{"rendered":"http:\/\/www.felana.com.mx\/eng\/florida-americas-superstate-for-global-trade-shipping-more-than-shipping\/"},"modified":"2020-08-03T20:58:36","modified_gmt":"2020-08-03T20:58:36","slug":"florida-americas-superstate-for-global-trade-shipping-more-than-shipping","status":"publish","type":"post","link":"https:\/\/www.felana.com.mx\/eng\/florida-americas-superstate-for-global-trade-shipping-more-than-shipping\/","title":{"rendered":"Florida: America’s Superstate for Global Trade & Shipping – More Than Shipping"},"content":{"rendered":"

When MTS Logistics recently announced the launch of our Miami Office<\/a>, the choice of Florida for our next office to position us as we rapidly grow was a deliberate choice. After all, Florida is a key engine of the U.S. and world economy. Today, we\u2019d like to show you why Florida is critical for MTS Logistics\u2019 future growth \u2013 and the growth of America.<\/p>\n

Overview<\/span><\/h4>\n

While many consider Florida a vacation destination hosting hundreds of miles of beaches and world-famous theme parks, with its pro-business government, low tax rates, streamlined regulations, and a dynamic growing population, Florida is an economic superstate and the 4th largest economy among U.S. states. Coupled with sophisticated and extensive international commerce and shipping infrastructure, along with many large-capacity deep sea ports, road, rail, and airports, Florida is a major hub both for domestic and international transportation.<\/p>\n

Why Florida?<\/span><\/h4>\n

1. Business Climate and Tax:<\/strong> Consistently ranked one of the best states for business, Florida keeps regulatory requirements and business taxes low. That, along with its stable economy and zero personal state income tax, make it a great place to do business. Florida has no state personal income tax, and a comparatively low 5.5% top marginal corporate income tax rate.<\/p>\n

2. Global Access: <\/strong>Success requires global access in today\u2019s business world. Some $150 billion worth of goods goes through Florida\u2019s seaports and airports annually. Florida\u2019s strategic geographic location makes it a major gateway for merchandise trade between Latin America, the Caribbean, Europe, and the world.<\/p>\n

3. Its Economy and Population:<\/strong> Florida is now the 3rd most-populous U.S. state with a population of over 21 million residents, and 125+ million yearly visitors. Florida can open up new growth opportunities. Florida\u2019s trillion-dollar-plus economy would make it the 17th<\/sup> largest economy in the world alone, much larger than The Netherlands and Turkey, and about the same size as Indonesia.<\/p>\n

4. Global Trade Center: <\/strong>Over the past 10 years alone, the total value of Florida\u2019s\u00a0merchandise trade has nearly doubled, reaching $153.6 billion in 2019. Florida companies act as key suppliers, and buyers for countries worldwide, shipping goods made locally in Florida, along with a large spectrum of imported goods moving in and out of the state. Florida is hosting several thousand affiliates of companies based outside the U.S., including hundreds of hemispheric or regional corporate headquarters.<\/p>\n

5. Gateway to Latin America:<\/strong> Florida is the America\u2019s commercial crossroads. Due to its strategic geographic location, advanced infrastructure, access to finance, and multi-cultural and multi-lingual workforce, Florida serves as the principal gateway to Latin American and Caribbean markets for both U.S. and overseas companies. Florida accounts for 29% of total U.S. trade with Latin America and the Caribbean.<\/p>\n

Major Industries in Florida<\/span><\/h4>\n

Florida\u2019s vast, dynamic market offers tremendous business opportunities for a large spectrum of companies across different sectors. Here are the most notable ones:\u00a0<\/strong><\/p>\n