March 16, 2020
Thursday, September 25, 2014
Enterprise Florida-led trip provides global access to small aviation companies
ORLANDO, FL – Today, Secretary of Commerce and Enterprise Florida (EFI) president and CEO, Gray Swoope, announced that the EFI-led trip to Farnborough resulted in more than $35.65 million in total projected sales for eight Florida aviation and aerospace companies.
Secretary Swoope said, “Farnborough is a major opportunity for companies to exhibit and network with other aviation companies. Florida is #2 in the nation in aviation, aerospace, and space establishments with more than 2,000 companies. Part of EFI’s mission is to help our small businesses expand and diversify through international trade, and shows like Farnborough allow us to help those companies achieve that growth. I congratulate the companies on their success at the trade show.”
The show, held this year in London, is one of the largest aviation exhibitions in the world, with approximately 1,500 exhibiting companies from nearly 50 countries and more than 107,000 trade visitors from all over the world.
The Florida Pavilion allowed small and mid-sized aviation and aerospace companies to cost-effectively exhibit their products. Of the nine Florida companies that attended the show, four were awarded a Target Sector Trade Grant. Without the assistance of EFI’s International Trade and Development efforts, many of the companies would not be able to attend and, without the pavilion, they would not be as successful.
The participating Florida companies included:
“The Farnborough airshow in the UK provides a venue for our Florida avionics company to showcase its data and satellite solutions to airlines from around the world. Global expansion is a core initiative for our company’s growth objective and this UK show along with the Middle East and Asia are the foundation of our strategies,” said Raul Segredo, President of Avionica.
EFI maintains an extensive schedule of overseas trade missions and exhibitions worldwide. In fiscal year 2013-14, EFI hosted 17 major international trade shows and missions with 724 participants generating more than $820 million in total projected export sales by Florida companies.
Total projected sales from recent EFI international events include:
International trade and foreign direct investment accounted for about one-sixth of the state’s economic output last year and supports an estimated one million jobs. Florida has the highest trade surplus among all states, with total trade exports plus imports hitting a record of $162.2 billion. Florida has a number of strengths to leverage, including one of the fastest-growing international economies, strong air and seaport infrastructure, and a large and well-qualified multicultural workforce. Learn more about Enterprise Florida’s export assistance programs.