Germany and Florida: A Strong and Growing Economic Partnership

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Germany and Florida: A Strong and Growing Economic Partnership
The State of Florida offers excellent conditions to companies from the German speaking countries looking to develop their business in America. With more than 19 million inhabitants, today Florida is the fourth largest U.S. State in terms of population. Florida is one of the largest economies in the world. As a standalone economy, Florida’s GDP would be the 21st largest worldwide.

The state offers a perfect base for companies that want to tap into the North and Latin American markets. Low corporate taxes, high availability of skilled workers, a very good accessibility to America’s east coast as well as attractive financial incentives make Florida one of the most business friendly states in the USA. Because of its cultural diversity and geographical proximity to Latin America, the location is also ideal to do business with the emerging markets of Latin America.

More than 250 companies from the German markets have recognized these advantages already, and operate subsidiaries in Florida, either as a sales hub or with production sites. Florida’s economic structure is characterized by its industrial strength across a wide variety of sectors, including aerospace, medical devices, biotechnology, pharmaceutical manufacturing, logistics & distribution, financial services, renewable energy and information and communication technologies.

In addition, Florida is home of several internationally acknowledged universities and research institutions, such as the Embry Riddle Aeronautical University, the Max Planck Florida Institute for Neuroscience, the Torrey Pines Institute for Molecular Studies and many others.

Overview of investment activity from Germany in Florida
Exemplary companies from the German markets doing business in Florida:

Biotest Pharmaceuticals Corporation:
A subsidiary of Biotest AG, a German-based global provider of plasma protein therapies that employs approximately 1,700 people worldwide. Established in 2007, Biotest Pharmaceuticals, with regional US headquarters in Boca Raton, FL, operates plasma centers across the United States and operates a state-of-the-art manufacturing facility in Boca Raton, Florida. Biotest Pharmaceuticals employs more than 900 employees in the US.

Hellmann Network Inc.:
A subsidiary of Hellmann Worldwide Logistics GmbH & Co. KG, a logistics services company with global head office in Osnabrück, Germany. Established 1988, Hellmann USA is headquartered in Doral, Florida. It provides a full complement of logistical support services including air and ocean freight forwarding, domestic freight forwarding, customs brokerage, storage, inspection services, inventory control, warehousing and distribution systems, packaging, and other value-added services. The company has 724 employees nationwide.

2G CENERGY Power Systems Technologies Inc.:
2G CENERGY, based in in St. Augustine/Florida, is the United States and South American headquarter of 2G Energy AG, a leading German manufacturer of decentralized CHP power generation equipment and modular co-generation power plants. As of August 2012 all 2G CHP Cogeneration systems are manufactured in Florida.

MAN Engines & Components (MEC) Inc.:
MEC was founded in 1997 and is based in Pompano Beach, Florida. It is a subsidiary of the MAN Group, headquartered in Munich/Germany, one of Europe’s leading commercial vehicle, engine and
mechanical engineering companies. MEC is the principal importer and service representative of “MAN Engines & Components Worldwide” (a division of MAN Truck & Bus AG) with responsibility for North, Central and South America. MEC provides industrial diesel engines for power generation, construction and
agricultural machinery as well as gas engines for CHP (combined heat power).

Zeppelin Systems USA, Inc.:
Zeppelin Systems is a subsidiary of the German Zeppelin Group, based in Odessa, Florida’s Tampa Bay area. Zeppelin Systems is the Plant Engineering division of the Zeppelin Group. The core business of the Plant Engineering business unit is developing and producing customer-specific systems. The Odessa subsidiary offers integrated solutions for applications that involve storing, conveying, mixing, metering, and weighing high-quality bulk goods, such as for customers in the agri-food sector: confectionary, baked goods, and beverage industries.

Economic Connections between Florida and Germany

Total Merchandise Trade ($US Millions) $20,522
Merchandise Exports ($US Millions) $16,219
Merchandise Imports ($US Millions) $4,302
Total Trade Partner Ranking 1
Florida-Origin Exports ($US Millions) $5,367
Florida-Origin Exports Ranking 1
Employment by Foreign-Owned Companies 3,400
Foreign-Born Population in Florida 65,777
Number of Visitors 1.8 million
Visitor Spending ($US Millions) $2,384

About Our Office:
Enterprise Florida’s Germany office is your first point of contact for learning about what the state has to offer.  We can provide assistance to companies interested in establishing or expanding operations in Florida by providing you with information about the state’s business assets, industry clusters, competitive advantages, incentives, and more.  Enterprise Florida and its network of economic development partners are all available to assist you.