manufacturing - Enterprise Florida

MANUFACTURING
Florida’s Strengths
in Manufacturing
Top 5 Reasons
Here’s why your company
should be in Florida:
1
2
3
4
5
Thanks in part to its leading business climate, workforce, and trade and
transportation infrastructure, Florida ranks among the top ten states for
establishments manufacturing a wide range of goods, including aerospace
products, batteries, food and beverages, communications equipment,
pharmaceuticals, semiconductors, boats, and more. In total, Florida is
home to nearly 18,000 manufacturers who employ some 311,000 +
workers across the state.
Areas of Excellence in Florida: advanced manufacturing, including
electronic components, aerospace and defense products, metal
fabrication, and medical equipment.
Plug Into a Rich Network
Florida ranks among the top ten states for
manufacturing establishments. It fosters a
robust manufacturing sector, where advanced
technology and precise productivity is
combined with customized workforce training
programs and strong support by the state’s
leaders and communities.
Select Companies in Florida: Actavis Inc., Danfoss Turbocor, Embraer,
Gerdau Ameristeel, Harris, HEICO, Jabil, Johnson & Johnson Vision Care,
Lockheed Martin, Mitsubishi Power Systems, Motorola, Siemens Power
Systems, Sun Hydraulics
Employment in Florida’s Largest Manufacturing Segments
Benefit Your Bottom Line
Manufacturing Sector
Florida offers a cost competitive environment,
favorable overall tax structure, no personal
income tax and superior quality of life,
as well as targeted industry programs for
qualified investments, job creation and other
specialized objectives. These benefits can
directly boost your bottom line.
Pick the Best of the Best
With 300,000+ Floridians working in
manufacturing, you can find the highly
qualified talent to grow your business here. In
addition, Florida’s talented workforce has the
3rd lowest private sector unionization rate
among U.S. states and some of the highest
ranked workforce training programs.
Connect to the World
Florida’s manufacturing industry is highly
integrated with the global economy.
Manufacturing accounted for 93 percent
of Florida’s exports in 2012 and the state
ranks first in the nation in Manufacturing
Export Intensity.
Employment
Computer and Electronic Products
42,895
Transportation Equipment
33,514
Fabricated Metal Products
28,928
Food
27,272
Medical Equipment & Miscellaneous
27,166
Machinery
22,991
Chemicals
18,630
Printing and Related Support Activities
17,580
Nonmetallic Mineral Products
15,460
Plastics and Rubber Products
11,063
Florida Fast Facts
#1
Huge Market &
Huge Opportunities
infrastructure in the U.S. 1
2nd
3rd
Top 4
best business climate in the U.S. 2
Florida is not only a global economic hub,
but a big and growing market of its own.
With its 19 million residents and nearly 90
million visitors, the state offers attractive
opportunities for manufacturing companies
of all sizes.
lowest private sector unionization rate among U.S. states 3
1
for high-tech
#5 state
employment in the U.S.
state for workforce 4
National Chamber Foundation
2
Business Facilities
3
Unionstats.com
4
5
CNBC TechAmerica
5
Florida’s Manufacturing Cluster
(select companies highlighted)
GE Wind Energy
Hitachi Cable Automotive Products USA
L-3 Crestview Aerospace
Green Circle Bio Energy
Danfoss Turbocor
General Dynamics Land Systems
TeligentEMS
Medtronic
Safariland / BAE Systems
Saft
Swisher International
Unison Industries / GE Aviation
Vistakon (Johnson & Johnson Vision Care)
TALLAHASSEE
Fort Walton
Machining
DRS Training and
Control Systems
Eastern Shipbuilding Group
ITT Corporation
MAP KEY
Florida Manufacturers*
JACKSONVILLE
Buckeye
Exactech
ClosetMaid Corporation
E-ONE
Cutrale
Chromalloy
ORLANDO
ConMed Linvatec
Gerdau Ameristeel
Honeywell International
Jabil
TAMPA
Coca-Cola
Mosaic Company
ST. PETERSBURG
Publix
Florida’s Natural Growers
Air Products
Chris-Craft
Sun Hydraulics
PGT Industries, Inc.
U.S. Sugar
Tara Technologies
Bertram Yacht
Boeing Defense, Space & Security
Embraer
Harris
Correct Craft
Frito Lay
Lockheed Martin
Metal Essence
Mitsubishi Power Systems Americas
Northrup Grumman Laser Systems
Siemens Energy
TriQuint
Maverick Boat Company
JRL Ventures
Commercial Airports (19)
Arthrex
Deepwater Seaports (15)
MIAMI
Interstate Highways
Northrop Grumman
Sea Ray
State Capital
Florida’s Largest Cities (by population)
B/E Aerospace
Pratt & Whitney
Sikorsky
Bosch
Motorola
Tyco Fire and Security
Watson Pharmaceuticals
Beckman Coulter
Boston Scientific
Goya Foods
HEICO
Noven Pharmaceuticals
* Includes manufacturers from the 10 largest
industry segments.
Comparative Costs for Manufacturing Companies in Florida vs. Other Markets
FLORIDA
ALABAMA
GEORGIA
NORTH
CAROLINA
SOUTH
CAROLINA
TEXAS
Personal Income Tax Rate (Highest Rate)
None
5.00%
6.00%
7.75%
7.00%
None
Corporate Income Tax or Equivalent (Highest Rate)
5.5%
6.5%
6.0%
6.9%
5.0%
1.0%
5
21
34
44
36
9
$52,372
$49,139
$51,970
$52,585
$51,153
$66,078
State Business Tax Climate Ranking
Manufacturing Average Wage
Enterprise Florida (Main Office)
800 North Magnolia Avenue, Suite 1100
Orlando, Florida 32803
407-956-5600
eflorida.com
Enterprise Florida
The Atrium Building
325 John Knox Road, Suite 201
Tallahassee, Florida 32303
850-298-6620
Enterprise Florida (International Trade Office)
201 Alhambra Way, Suite 610
Coral Gables, Florida 33134
305-808-3660
Why Florida is the perfect climate for business:
Jeff Selph, Partner and Director of Operations
Priton, LLC
“At Plasma-Therm we support Governor Scott’s initiative to cut sales
taxes on manufacturing equipment. It will allow us to re-invest a large
percentage of our revenue each year in research for the development
of new products. This development enables us to be competitive in the
global market and fosters continued growth.”
Ed Ostan, Executive Vice President of Sales & Marketing
Plasma-Therm
Ready?
Circles represent approximate flight times
from Florida in one-hour increments.
“While our manufacturing operations could have been
located anywhere within the United States, the global
strategic location of Broward County, being centrally located
in South Florida with its gateway to Latin America and
the world, coupled with its strong infrastructure, state tax
advantage and quality of life made Greater Fort Lauderdale/
Broward County the ideal location for our business.”
Rahul Singh, Vice President
Stretch Wrap Packaging
“Our phenomenal growth of 69 percent year over year is
driving the decision to co-locate our manufacturing and
global headquarters in Manatee County. We were particularly
attracted by the airports and road network, plus the area’s
appeal for our clients from northern states who will attend
our learning center classes and conferences.”
Martin Robinson, CEO
IRISS
Enterprise Florida stands ready to assist in every
aspect of your next location project. Please don’t
hesitate to contact us:
Joel Gunter
+1 (407) 956-5621
[email protected]
Tim Johns
+1 (407) 956-5611
[email protected]
Enterprise Florida, the lead economic development
organization for the state of Florida, assists companies
confidentially with their expansion and location plans.
eflorida.com/manufacturing
Rev. 09/2013
“We chose Florida for the location for our first plant for several reasons.
One being the access to the Gulf and shipping to our initial customers
in the Caribbean and Central America. Another reason is the business
friendly environment we’ve found the state of Florida to offer from high
quality skilled workers to financial benefits. We were very pleased to
find exactly what we were looking for on our first visit to Santa Rosa
County, and appreciated the enthusiastic welcome and assistance we
received from the Economic Development team, Santa Rosa County
Commissioners, local Chamber of Commerce and state of Florida.”