Steering CommitteeSteering Committee

January 18, 2013January 18, 2013

Agenda

• Welcome Doug Davidson, Bank of America

• Why Does This Matter? Dr. Dale A. Brill, Florida Chamber Foundation

• Florida Trade Update Evan Enarson-Hering, Cambridge

• Florida’s Opportunities John Kaliski, Cambridge

• Committee Update

• Next Steps

Mark Wilson, Florida Chamber of Commerce

D D idNext Steps

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Doug Davidson

Why Does This Matter?

• Trade Creates Good JobsTrade Creates Good Jobs

• Trade Is Big Business• Trade Is Big Business

T d M Gl b l L d hi• Trade Means Global Leadership

• Trade Enables Growth and Diversification

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Have we made progress since 2010?

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Trade Creates Good Jobs

I t ti lInternational trade and

investmenttotals …

+ 19,600+ 19,600 18%18%totals …

More trade and logistics jobs since 2010

,,

8 500 8 500of Florida’s economy

More manufacturing jobs since 2010

+ 8,500+ 8,500g j

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Trade is Big Business

58 000 Florida companies export products $6958,000 Florida companies export products

Exports grew $8 billion from 2010

$69billion

in imports in 2012

20,600 Florida companies import goods

$14 billi$66billion

in exports in 2012Imports grew $14 billion from 2010

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Can We Double Exports by 2015?

100 Export Target Export Value

80

60

20

40

0

20

2000 2005 2010 20152000 2005 2010 2015

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Trade Means Global Leadership

in employment supported by foreign direct investment6th

in value of exports made in Florida4th

in employment supported by foreign direct investment6in value of exports made in Florida4

3rd3rdin value of high-tech exports

2nd in share of manufactured goods that are exported

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Florida’s Future Opportunities

JobsMaximizing trade flowsth h Fl id tthrough Florida gateways

BusinessGrowing export-orientedmanufacturing clustersmanufacturing clusters

Global LeadershipPositioning Florida asa global huba global hub

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Maximizing Trade Flows: What do we know?What do we know?

• Established market share – 60% of Florida’s total merchandise trade is with Latin America and the Caribbean

• Import gap – Only 55% of waterborne containers consumed in Florida enter U.S. through Florida seaports

• Excess capacity – Inbound tonnage 80% larger than outbound tonnage today

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Maximizing Trade Flows: What do we need to know?What do we need to know?

• How do we preserve market share for N/S trade?How do we preserve market share for N/S trade?• What is the impact of re-shoring and near-shoring?

Wh i it f ibl t b tt t h i / t fl ?• Where is it feasible to better match in/out flows?• What is the trigger point for increasing share of

i t d di ti t d ?imports and discretionary trade?– Supply chain case studies

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Growing Exports:What do we know?What do we know?

• Strong export base - 20% of all U.S. exporting companies g p p g pare located in Florida

• Small business matters - 67% of Florida exports are produced by small and medium size companies

• Competitive advantages - Florida ranks 3rd in exports of high tech goods

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Growing Exports:What do we need to know?What do we need to know?

• Which exports are likely to grow?– Alternative export scenarios

• How do we build export-oriented clusters?– Interviews with policymakers and exportersInterviews with policymakers and exporters

– Coordination with partners and ongoing initiatives

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Positioning as a Global Hub:What do we know?What do we know?

• International destination – Florida drew 12.6 million overseas visitors in 2011

• Investment focus – Florida ranked 6th in the nation in foreign direct investment

• Services center -- Increasing role as supplier of international business, financial, health services

• Extensive network - Florida has 20 foreign trade zones, 80 l t d 31 t di t f $1 billi80 consulates, and 31 trading partners of over $1 billion

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Positioning as a Global Hub:What Do We Need to Know?What Do We Need to Know?

• What makes a global hub succeed?What makes a global hub succeed?– Global hub examples

• How does Florida compare?– Benchmarking with available data

• How does trade support other aspects of global leadership?

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Ideas From Around the State

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Ideas From Around the State

• Build a statewide database of potential sites near Florida’s transportation hubs.

Are development sites available? sites near Florida s transportation hubs.

• Waive visa requirements for Brazilian visitors/businesses to travel to the U S

available?

What regulatory barriers visitors/businesses to travel to the U.S. (currently 100 day waiting period.)

Expand Enterprise Florida funding for

g yexist?

Wh t i t i • Expand Enterprise Florida funding for small business export grants and technical support.

What assistance is necessary?

• Coordinate efforts of Enterprise Florida, Workforce Florida, FDOT with seaports and major businesses

What can the state do?

and major businesses.

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Questions?

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Coordination with Parallel Efforts• Upcoming Events

Fl id Ch b F d ti T t ti S it– Florida Chamber Foundation Transportation Summit

• February 11

– Florida DOT Intermodal Logistics Center Summit

• February 21-22February 21 22

– Florida Chamber of Commerce - Capitol Days

M h 6 8• March 6-8

– Florida Chamber of Commerce - International Days

• April 2-3

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Committee Update

• Membership recruitment

• Study funding goalsStudy funding goals

• Florida Chamber Foundation staff support

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Next Steps

• Next Committee Meeting– In conjunction with Capitol Days – March (6,7,8)

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