29 June New Initiative Looks to Lure Foreign Investment to Florida June 29, 2018 By Laura Pavlus General FDI, Foreign Direct Investment, Enterprise Florida Inc., Venture Bridge Florida, Economic Development, International Trade 0 Jacksonville Business Journal - June 28, 2018 - by Janelle Irwin - Read more here Florida launched a first-of-its-kind program this week to bring foreign investors into the state, Enterprise Florida announced Tuesday. Venture Bridge Florida, the name of the program, will help local economic development efforts by improving services offered to foreign investors and companies. The initiative is a “soft landing” program that offers virtual training programs to prepare foreign companies for entry into the U.S. market within Florida. No other state offers such a program, according to Enterprise Florida, the state’s economic development arm. Instead, cities across the nation have “soft landing” offices usually located within universities, incubators or government programs and don’t include as much support to prospective companies. The initiative targets companies with $500,000 to $20 million in sales. International trade and foreign investment accounts for about one-sixth of the state’s economic output, according to data last year. Total Florida trade is valued at $147.7 billion, according to Enterprise Florida. “Increasing international trade and foreign direct investment is vital to the growth of our region’s economy. Venture Bridge Florida will allow us to improve the service we provide international projects, which can sometimes require different timelines, scopes and needs than a traditional domestic relocation or expansion project,” said Steve Morey, vice president of business development for the Tampa Hillsborough EDC. “With the addition of this program, we’ll be able to provide a soft landing for international companies, so they have the specific tools and resources they need to succeed in Florida.” Already underway, Venture Bridge Florida is in talks with economic leaders in Brazil, Florida’s top merchandise trade partner. In the coming weeks and months the group will engage with nearly 90 consul general offices, sister cities, the Florida Chamber of Commerce, more than 75 international chambers of commerce and other international outreach organizations. “The Venture Bridge teams are prepared in all aspects of marketing, partnerships, sales, competitive positioning, and have vetted top Florida-based service providers in legal, accounting, marketing, and tax to ensure a successful new business launch,” said Jerry Ross, executive director of the National Entrepreneurship Center. “Our teams will provide additional services virtually, to ensure that from the moment they arrive in Florida, international businesses will be prepared to find collaborators and customers and find a home at one of our dozens of space partners throughout the State.” Venture Bridge Florida is a partnership between several state groups including the National Entrepreneurship Center, Enterprise Florida, the Florida Business Incubator Association and the Association of Sister Cities of Florida. Venture Bridge Florida offers a new model to de-risk U.S. market entry and scale Florida’s businesses through exporting their goods and services, creating strong international partnerships with trusted companies and regional initiatives,” said initiative founder Susan Amat. Related Manufacturers Join Governor’s Campaign to Save Enterprise Florida and Visit Florida JACKSONVILLE – In order to protect future jobs and to continue bolstering local economies through the recruitment of manufacturing, the First Coast Manufacturers Association has joined Gov. Rick Scott’s campaign to prevent the elimination of Enterprise Florida and Visit Florida by the Florida Legislature. How Florida CEOs See the State's Future Shaping Up Creating Florida 2030 involves research that’s meant to stimulate strategic thinking about Florida’s future. On these pages you’ll find a summary of the results of a survey of 100 of the state’s leading CEOs. We expected advice — which we got — and regularly heard “right direction.” Even we were surprised, though, by the overwhelming exuberance of Florida CEOs. Clay EDC Awarded $89K as Gov. Scott Announces More Than $2.2M for Florida Defense Communities The Clay County Economic Development Corporation received an $89,000 Defense Reinvestment Grant to aggressively strengthen and diversify the non-defense economy while promoting the area’s military training operations at the Camp Blanding JTC and NAS Jacksonville. Florida's Unemployment Rate Continues to Drop No debate here: Florida's unemployment rate continues to drop — even as more people move to Florida and enter the workforce. What's not to like? Tourism Remains Strong in Florida Visit Florida CEO sees no slowdown in tourism after record-breaking quarter. Florida Named No. 2 Best State for Business The best place to do business in the United States is Texas, followed by No. 2 Florida and, in a tie, No. 3 North Carolina and South Carolina, according to Chief Executive’s 2018 “Best and Worst States for Business.” Showing 0 Comment Comments are closed.