Business Growth By Going Global
Business growth of 15% and more is possible and happening right now! The Cape Coral Economic Development Office (EDO) is betting that area businesses want to find out how to capitalize on this growth through opportunities afforded by Foreign Trade Zones (FTZ), and the import/export of goods and services. Our International Trade Resources shows ways for businesses to grow by becoming more globally minded and educated about international trade opportunities in Florida. Contact us
today for personalized business assistance and to learn about additional benefits of international trade from sunny Cape Coral, Florida.
International Trade Statistics
On average, companies that export grow 15% faster, pay 15% higher wages and are 12% more profitable than those that do not.
• Only 1% of U.S. companies export; and of those, 58% export to one country only.
• 95% of the world’s consumers are outside of the U.S.
• 80% of consumption growth is predicted to occur outside of North America and Europe.
• Nearly 1 million jobs in Florida depend on international business.
• Florida has the 3rd highest level of exports as a share of total manufactured goods in the U.S.
• More than 43,000 Florida companies export, accounting for 18% of all U.S. exporters—the 4th largest number of exporters in the U.S.
• More than 95% of Florida exporters are small and medium-sized companies with 500 or fewer employees.
Learn more about Export Resources from the Florida Economic Development Office in business-friendly Cape Coral.
Foreign Trade Zones
Cape Coral has two Foreign Trade Zones (FTZs), which allow businesses to import parts and components duty free if they use them to manufacture or assemble products for export. The FTZs encompass the North Cape Industrial Park, at Andalusia Blvd and Kismet Parkway, and Mid-Cape Industrial Park bordered by Viscaya Parkway. Learn more about Cape Coral's Foreign Trade Zones.
Learn more about:
Foreign Trade Zones
Southwest Florida International Airport
RSW is the #1 midsize hub in the U.S.
RSW is served by 20 passenger air carriers and two
international cargo carriers, offering nonstop flights to
45 national and 2 international destinations.
International Trade Financing
Commercial risk is any event that prevents the buyer from paying or prevents the seller from delivering a product or service. Commercial risks exist in both domestic and international sales.
• Bankruptcy or insolvency by the buyer
• Protracted default
• Problems with payment arrangements
• Problems with the merchandise
• Contract disputes
• Additional costs for financing, insurance and shipping
Any commercial transaction carries a certain risk. With international sales, political risks vary by country/region. An international payment risk is any event or unforeseen factor not necessarily within control of the buyer and/or exporter caused by cross-border issues.
• Government or political intervention
• Problems with currency exchange
• Problems with the movement of merchandise
• Acts of God
Export credit insurance can provide risk mitigation against both commercial and political risks.
RSW Airport Stats: U.S. to Europe
• One of only 28 airports that currently has year- round nonstop service to Europe
• One of 20 airports in the U.S. that has year- round nonstop service to Germany
• One of only 6 airports in the U.S. that has nonstop service to Denmark
• The only U.S. airport to have nonstop service to Aalborg, Denmark
• Florida has 6 airports with nonstop service to Europe, more than double any other state in the U.S.
RSW Top Markets
||New Nonstop Markets
| New York
|| Aalborg, Denmark
| Washington D.C.