Broward County Office of Economic and Small Business Development

GLOBAL EDUCATION SYMPOSIUM

36 U.S Cities

Bahamas

Canada

Central America

Europe

South America

Broward County - A Gateway to the World!

Broward County

Broward County is right in the center of South Florida which is emerging as a Global Hub since we represent the principal gateway to Latin America and the Caribbean for the United States. In 2013, The Miami Customs District ranked Top 10 US customs district

Economic Engine: Port Everglades

• Port Everglades is an economic powerhouse for Broward County. The cruise and cargo industries provide jobs and inject money into our community.

• Port Everglades generates nearly $26 billion worth of business activity and more than 201,000 jobs statewide, including almost 11,400 people who work for companies that provide direct services to Port Everglades.

Economic Engine: Port Everglades

Economic Engine: Port Everglades

Top 10 Overall Trading Partners Rank: Trading Partner: 2012 TEUs 2013 TEUs

1 HONDURAS 91,178 100,223 2 GUATEMALA 57,915 70,298 3 COSTA RICA 47,562 48,639 4 DOMINICAN REPUBLIC 32,199 32,422 5 BAHAMAS 26,015 26,576 6 ITALY 25,633 26,306 7 EL SALVADOR 18,412 22,981 8 CHILE 18,047 22,208 9 COLOMBIA 23,311 21,974

10 VENEZUELA 31,149 21,923 Total TEUs 660,579 694,947

Economic Engine: Port Everglades

Top 10 Export Trading Partners Rank: Trading Partner: 2012 TEUs 2013 TEUs

1 HONDURAS 39,358 41,072 2 COSTA RICA 25,619 25,504 3 BAHAMAS 22,945 22,760 4 VENEZUELA 29,880 21,265 5 GUATEMALA 20,381 20,909 6 DOMINICAN REPUBLIC 19,475 19,208 7 PANAMA 17,506 18,632 8 NETHERLANDS ANTILLES 17,966 18,105 9 EL SALVADOR 11,247 13,945

10 COLOMBIA 13,892 13,574 Export TEUs 390,562 384,973

Economic Engine: Port Everglades

Top 10 Import Trading Partners Rank: Trading Partner: 2012 TEUs 2013 TEUs

1 HONDURAS 51,820 59,150 2 GUATEMALA 37,534 49,389 3 COSTA RICA 21,942 23,136 4 ITALY 20,806 22,437 5 DOMINICAN REPUBLIC 12,723 13,214 6 BRAZIL 7,724 9,824 7 PEOPLES REP OF CHINA 6,574 9,664 8 EL SALVADOR 7,166 9,036 9 CHILE 5,870 8,849

10 NICARAGUA 8,297 8,477 Import TEUs 270,017 309,974

Economic Engine: Port Everglades

Port Everglades’ Foreign Trade Zone #25 has the capacity to designate any area in the county as a foreign trade zone with Port Everglades acting as the operator. Businesses have the opportunity to import parts and/or products into our FTZ and if these parts/products are directly re-exported to international markets, no US duties are imposed. Businesses can also manufacture, assemble or re-label products which includes some of the activities permitted in the zone.

Economic Engine: Fort Lauderdale-Hollywood International Airport

• The Fort Lauderdale-Hollywood International Airport (FLL) ranks as the 21st busiest airport in the U.S. with 23,569,103 total passengers and ranked 14th in domestic Origin and Destination traffic.

• FLL serves more U.S. cities than any other airport in South Florida with the lowest fares on more than 300 daily departures to over 100 destinations in the US, Latin America, Canada, Europe and the Caribbean.

Economic Engine: Fort Lauderdale-Hollywood International Airport

• The ongoing Billion dollar project to expand the Fort Lauderdale International Airport has opened the door for several international airlines to start flying direct to Fort Lauderdale.

• South Runway Expansion Project:o Estimated 11,000 jobs over the life of the project o $1.4 Billion economic impact to regional economy

Why South Florida - Your Global Hub

Our strategic geographic location along with our foreign trade zone designation have allowed us to attract investment from Europe and Asia including businesses that would like to export to Latin America and the Caribbean. This reflects our triangle strategy.

Based on 2008-2012 American Community Survey 5-Year Estimates there are approximately 1,761,993 people in Broward County.

Foreign BornOver 180 countries are represented in the world regions that characterize foreign born:

– 552,669 foreign born individuals in Broward County– 78.5 % of foreign born are from Latin America– 8.50% of foreign born are from Europe– 8.14 % of foreign born are from Asia– 3.2 % of foreign born are from North America– 1.5 % of foreign born are from Africa– 0.102% of foreign born are from Oceania

Diversity in Broward County

Over 50 languages represented in the 4 language groups that characterize languages spoken at home:

– 22.86 % of population 5 year and over speak Spanish language at home

– 11.9 % of population 5 year and over speak Indo-European language at home

– 2 % of population 5 year and over speak Asian and Pacific Islander language at home

– 1 % of population 5 year and over speak Other language at home

Languages Spoken at Home

Current and Future Job Opportunities

The expansion of our port and airport to accommodate the increase of our international connectivity and grow international trade is creating a demand for an increased skilled-labor workforce in logistics, transportation and international trade. Moreover, trade and transportation are two of the top sectors that led the way in job creation over the last year.

Current and Future Job Opportunities

In addition to our logistics and transportation workforce needs, the Broward County Office of Economic and Small Business Development (OESBD) seeks to encourage more small businesses in Broward County to grow their revenues by exporting:

– According to the International Trade Administration, 2/3 of the purchasing power in the world lies outside of the United States

– Less than 1% of America’s 30 million companies export

– 98% US exporters are small to medium businesses

Current and Future Job Opportunities

The State of Florida ranks fairly well in export activity:• Florida is home to more than 58,000

exporters, the second highest number in the United States.

• In 2012, Florida companies exported more than $66.4 billion worth of goods – making it the 6th largest exporting state in the country.

• over $36 billion worth of services were sold to companies in over 200 countries around the world.

What Can BCPS Do?

Instill interest and educate students from K-12 about the importance of our strategic geographic location within the United States

Celebrate and promote the diversity in Broward County

Continue to broaden the student’s perspective and horizon on the different cultures around the world and recognize South Florida as the gateway to the Caribbean, Latin America and the rest of the world through the Atlantic

What Can BCPS Do?

In addition to gaining knowledge of the principles of international business and trade through education and other hard skills needed to work in this industry, it is important not to ignore the soft skills needed for this industry such as: language skills collaborative globally-open mindset natural curiosity interest and respect of other countries Awareness of foreign norms and cultures creative thinking

Thank You!