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Transportation in the Florida Economy

Transportation in the Florida Economy. Source: Bureau of Economic Analysis, U.S. Dept. of Commerce . What is the Demographic of Florida Exporters . Employment related to Manufacturing in 2006 128,200 jobs tied to manufacturing exports 40,000 tied directly to manufacturing

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Transportation in the Florida Economy

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  1. Transportation in the Florida Economy Source: Bureau of Economic Analysis, U.S. Dept. of Commerce

  2. What is the Demographic of Florida Exporters Employment related to Manufacturing in 2006 • 128,200 jobs tied to manufacturing exports • 40,000 tied directly to manufacturing • 88,200 worked in supporting industries 2007 Exporters of record • 33,503 Total • 31,879 were SME’s (95%)

  3. Foreign Trade Zones • FTZ’s normally administered by a public agency with subzones to private manufactures or processors • Products shipped into a facility, and stored for reexport with other products or to be blended with domestic products for export or import into the U.S. • Operate outside of “Customs” • Can avoid or delay paying duties for imported cargos • Florida FTZ include: • FTZ No.25 Broward County – Port Everglades Dept. of Broward County • FTZ No. 32 Miami – Greater Miami Foreign Trade Zone • FTZ No. 42 Orlando – Greater Orlando Aviation Authority • FTZ No. 64 Jacksonville – Jacksonville Port Authority • FTZ No. 65 Panama City – Panama City Port Authority • FTZ No. 79 Tampa – City of Tampa • FTZ No. 135 Palm Beach County – Port of Palm Beach • FTZ No. 136 Brevard County – Canaveral Port Authority • FTZ No. 166 Homestead – Vision Foreign-Trade Zone, Inc. • FTZ No. 169 Manatee County Port Authority • FTZ No. 180 Miami – Wynwood Community Economic Development Corp. • FTZ No. 193 Pinellis County – Pinellis County Economic Development • FTZ No. 198 Volusia & Flagler Counties – Volusia County Foreign Trade Zone

  4. Foreign Trade Zones • Florida FTZ cont’d: • FTZ No. 213 Fort Meyers – Lee County Port Authority • FTZ No. 215 Sebring – Sebring Airport Authority • FTZ No. 217 Ocala – Economic Development Council, Inc. Operator • FTZ No. 218 St. Lucie County – Central Florida Foreign Trade Zone, Inc. • FTZ No. 241 Fort Lauderdale, City of Fort Lauderdale • FTZ No. 249 Pensacola = Pensacola-Escambia County Promotion & Development Commission • FTZ No. 250 Seminole County – Sanford Airport Authority

  5. 2007 Direct Foreign Investment in Florida • Employed 245,800 workers in Florida • Major foreign investors: Japan, the United Kingdom, Germany, the Netherlands, and Canada. • 14 percent (34,600 workers) were in the manufacturing sector. • Contributed 3.4 percent of the state's total private-industry employment in 2007 Source: U.S. Department of Commerce, Bureau of Economic Analysis

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