Insisting that the Sunshine State can be in the top 10 global economies, the Florida Chamber Foundation released its “Florida Trade & Logistics 2030“ study this week.
“As global supply chains change, Florida can be the big winner. A brand-new research report indicates Florida has the available capacity to move more goods, make more goods, and multiply these impacts throughout the economy. Globally competitive trade, logistics, and manufacturing sectors will diversify Florida’s economy, bringing new jobs, income and investment into the state. Florida can propel its economy to one of the top 10 worldwide,” the Florida Chamber insisted.
“Purposely expanding manufacturing, logistics, trade, and rural economic growth aligns with Governor DeSantis’ continued leadership in this space and will help grow Florida to the 10th largest global economy by 2030,” said Florida Chamber of Commerce President and CEO Mark Wilson. “We have a generational opportunity to get this right.”
“Global supply chains and trade flows are transforming rapidly. The experiences of the past two years—from the global pandemic to extreme weather events to geopolitical instability in multiple locations—highlighted the vulnerabilities in the global supply chain and the importance of maintaining strong manufacturing and logistics sectors to support Florida consumers and businesses while driving economic growth,” the Florida Chamber noted. “Trade, logistics and manufacturing are essential elements of Florida’s economy and offer opportunities for every region of Florida, including rural and inland regions poised for economic revitalization. In 2020, they accounted for more than 1 million jobs statewide—the fourth-highest total in the country. As Florida looks to 2030, the state has a wide array of opportunities to build on the strengths of these sectors and address the challenges they face. Florida Trade & Logistics 2030 presents a series of strategies and recommendations to position these sectors for success and to achieve the ambitious—but attainable—goal of making Florida a top 10 global economy.”
The Florida Chamber recommended that the state “reaffirm the statewide priority for trade, logistics and manufacturing; establish a statewide, focused manufacturing initiative; close essential workforce gaps and strengthen the talent pipeline; continue to strengthen trade gateways and corridors; establish a comprehensive site development program with emphasis on rural areas; continue redesigning Florida’s economic development toolkit;” and “strategically leverage rural economic development to double the percentage of GDP from rural Florida.”
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