Trending Investment Sectors in Florida

Despite momentum in China, the US is still the top market for international investment. And while tourism and agriculture have been the traditional investment avenues for foreign and domestic interest, Florida has made important steps in diversifying its economy. Making headlines all across the country, technology has been a big area of opportunity as the COVID-19 pandemic saw a mass exodus from traditional tech hubs like San Francisco and New York. 

 

So, what are the hot areas of investment currently in Florida? Let’s take a look!

 

Biotech and life sciences. For the past ten years, Florida has built a robust life sciences industry, establishing itself as an industry hub with significant potential for continued innovation and growth. Florida is currently home to more than 260 biotech companies and world renowned R&D institutes specializing in therapeutics, diagnostics, industrial/ag biotech and other areas. Further, 1,440 institutions are in the realm of biotech, pharmaceutical, and medical affairs. Florida has the science, talent, and support structure biotechs need to succeed.

 

Manufacturing. If you can envision it, Florida can build it. From batteries and boats to semiconductors and satellites, the manufacturing industry in Florida produces a wide variety of goods each year. Ranked among the nation’s top 10 states for manufacturing, Florida is home to over 20,200 manufacturing companies and is only continuing to grow. If you are a foreign manufacturer, you could feel right at home in Florida with an investor visa

 

Aerospace and Aviation. Florida has established itself as a hub for aerospace and aviation, with aircraft parts leading the way as its top export, valued at $7.5 billion in 2019. As billionaires continue their race towards outer space, these industries will gain momentum and growth monetarily as they become stronger and more encompassing programs.

 

Green energy. With all that sunshine, solar panels are an obvious fit! In all seriousness, Florida is the second–fastest–growing state for solar jobs, with a job growth rate of more than 20%. This is poised to grow as green energy becomes a stronger part of the Biden administration’s focus.

 

So while tourism has been long standing as the main revenu producer in Florida, there are new industries growing each day that can significantly impact the commercial makeup of our state.  According to the University of Central Florida’s Institute for Economic Forecasting, Florida’s economy is expected to grow by 7.6% in 2021, despite a global pandemic. 

 

In order to hit and build upon that figure, foreign investors, innovators, and talent have a major role to play, which is why investment visas are a critical part of economic success in Florida and throughout the United States. 

 

If you’re an business oriented foreign national from a country with a treaty trader agreement with the United States, you might have a compelling case to invest in the US. Call us today for a complimentary consultation. 

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