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International Trade Resources
Recessionary 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 Import/Export of goods and services. Our International Trade Resources show ways for businesses to grow by becoming more globally minded and educated about international trade opportunities in Florida. Contact our Cape Coral Economic Development Office today for personalized business assistance and to learn about additional benefits of internal trade in Cape Coral, Florida.
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Florida Global Trade
Business Growth By Going Global

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.
International Trade Resources: Enterprise Florida Export Presentation• 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. (Source: National Association of Manufacturers)
•  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.
* Source: Enterprise Florida, Inc                           >Start Enterprise Florida Export Presentation

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 Foreign Trade Zones.

It costs less to do business in Cape Coral

Florida offers a highly competitive cost-of-doing-business and is consistently ranked as one of the top pro-business states in the country for a number of good reasons. Florida is one of only a few right-to-work states in the U.S. and its tax system clearly provides a business-friendly environment and many incentives for businesses. Our city has no public service tax and Florida has a low corporate income tax rate and no personal income tax.  Florida’s sales tax is only 6%.

Learn more about Cape Coral's competitive costs of doing business and our economic business incentives.
Southwest Florida International Airport

International trade in Cape Coral is supported by an international midsize hub airport.
RSW Connections        

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.

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

 Domestic  International New Nonstop Markets
 New York  Canada    Aalborg, Denmark
 Chicago  Germany  Bloomington-Normal
 Boston  U.K.  Lansing
 Detroit      Switzerland  Moline
 Minneapolis  Italy  Nashville
 Philadelphia  Ireland  Raleigh/Durham
 Indianapolis  Netherlands  Rochester
 Washington D.C.  France  
 Baltimore  Sweden  
 Cleveland  Denmark  
International Trade Financing

Commercial risk is any event that prevents the buyer from paying or prevents the seller from delivering the 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. However, political risks are a concern only in international sales and 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.

International Trade Resources: Methods of Payment
Image curtesy of SunTrust Bank
City of Cape Coral
Economic Development Office		 City Hall
1015 Cultural Park Blvd.
Cape Coral, FL 33990 		 P: (239) 574-0444
F:  (239)   547-0452
T:  (866)   573-3089		 Email: ecodev@capecoral.net
http://bizcapecoral.com

 
 
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