Transportation in the Florida Economy

Source: Bureau of Economic Analysis, U.S. Dept. of Commerce

0

5,000

10,000

15,000

20,000

25,000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

($ Millions)

Other transportation and support activities Truck transportation

Air transportation Water transportation

Warehousing and storage Rail transportation

Transit and ground passenger transportation Pipeline transportation

What is the Demographic of Florida Exporters

Employment related to Manufacturing in 2006128,200 jobs tied to manufacturing exports40,000 tied directly to manufacturing88,200 worked in supporting industries

2007 Exporters of record 33,503 Total31,879 were SME’s (95%)

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

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

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