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Florida Ten: the Business Opportunity 2 South Florida International Logistics Center 1.8 th largest economy in the western hemisphere and 20 th in the.

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Presentation on theme: "Florida Ten: the Business Opportunity 2 South Florida International Logistics Center 1.8 th largest economy in the western hemisphere and 20 th in the."— Presentation transcript:

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2 Florida Ten: the Business Opportunity 2 South Florida International Logistics Center 1.8 th largest economy in the western hemisphere and 20 th in the world 2.Annual economic output of three-quarters of a trillion dollars 3.4 th in the US for: Population (third), Gross Domestic Product, # of Business Establishments, Labor Force 4.40% of all US exports to Latin America pass through Florida 5.5 th largest producer of exported goods in the US 6.Leads the US in farm income 7.Number one travel destination in the world 8.$57 billion tourism impact on Floridas economy 9.14 international airports deep water seaports

3 South Florida International Logistics Center Florida : Location, Location, Location One Billion People (consumers) within the logistics reach of Florida by

4 Florida Regional Populations Service Area 2010 Medium Population 2020 Medium Population 2030 Medium Population North4,217,5004,847,8005,483,200 Central6,735,5007,782,4008,846,000 South7,682,5008,523,2009,367,500 Source: Florida Statistical Abstract Forty Second Edition by the Bureau of Economic and Business Research (BEBR)-Low, Medium, and High

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6 6 South Florida International Logistics Center

7 The REASONS to LOCATE at an integrated logisitics campus of the Americas: 7 South Florida International Logistics Center 1.The Market Opportunity 2.Distribution Center Strategy (Savings) 3.Drayage Cost/Service Advantage 4.Excellent Rail Service 5.Opportunity to Capture Additional Freight Flows by Aggregation Efficiencies 6.Plentiful and Affordable Land

8 1. The Market Opportunity 8 South Florida International Logistics Center Southern Florida (defined as area SOUTH of a line drawn from Sarasota on the Gulf Coast east to Fort Pierce on the Atlantic Coast) – consumer market size includes both permanent residents and seasonal (tourist influx) and anticipated growth. Latin America – emerging and fast-growing middle class markets, increased buying power and demand for U.S. consumer products (Brazil, Chile, Argentina) – potential markets if the politics change (Cuba, Columbia, and Venezuela) Asia – widening of Panama canal in 2014 and Port of Miami 50 depth will open FL to large Asian container ships – opportunity to play a role in the import, export and distribution of containers and commodities that historically have been predominantly a west coast port play.

9 2. Distribution Center Strategy (Savings) 9 South Florida International Logistics Center Can capture consumer markets in southern Florida, Latin America, and Asia from one location and one combined facility. One instead of three. Consolidation of supply chain resources (mixing centers, warehouses, manufacturing, refrigeration facilities, fumigation facilities, cross docks, trans-load facilities, customs, and associated costs) Targeted and right fit companies and product types Lowering the total cost of freight for shippers to and from FL

10 3. Drayage Cost/Service Advantage 10 South Florida International Logistics Center Multi-modal and multiple service provider options = more competitive shipping rates Ability to reach 3 seaports (Miami, Everglades, Palm Beach) within 2 hr dray Access to Miami Intl Airport, one of the largest cargo airports in the U.S. and, at 74% market share, the main gateway for airborne perishable imports into the United States Lower distance and cost to access large populations will provide ability to negotiate lower long-haul inbound truck rates Flexibility and time to market advantage

11 4. Excellent Rail Service 11 South Florida International Logistics Center Two Class One railroads o CSX - service down the middle of the state o FEC from Atlanta and Jacksonville Excellent Short Line operator South Central Florida Express connecting both CSX and FEC

12 5. Opportunity to Capture Additional Freight Flows by Aggregation Efficiencies 12 South Florida International Logistics Center Ship to ports from the SFILC (export ships) Return imported (full) containers to SFILC from the ports for value-added services, aggregation with other products/containers and transport to final destination

13 6. Plentiful and Affordable Land 13 South Florida International Logistics Center acres available for the SFILC supply chain logistic facilities Plenty of area to stage, sort and store product, equipment or bulk product Ability to cluster warehousing, distribution, manufacturing and transportation facilities in one location Empty container storage and handling (arbitrage and/or broker) Away from congestion of coastal areas and high cost land Additional plentiful and affordable land within 45 minutes of the SFILC in Glades, Hendry, Okeechobee, western Palm Beach, northern Collier, and eastern Lee counties. Plentiful and Affordable Land is the platform to provide a business solution to an old Florida problem the filling of the empties

14 14 South Florida International Logistics Center

15 The Key Benefits 15 South Florida International Logistics Center 1.Lowering the distribution cost of goods (import and export) 2.Increase advanced manufacturing within Florida (export) 3.Job creation for Florida and the region

16 16 South Florida International Logistics Center Job Creation and Economic Impact The SFILC will have a significant positive impact on the state, regional and local economies over the long- term, as summarized in the tables below… Low Scenario2030 Total Jobs (Direct, Induced, Indirect) 23,858 Total Income (Direct, Induced, Indirect)$ 1,333,628,000 Business Revenue$ 866,301,000 Total Taxes (state and local)$ 122,694,000 Medium Scenario (most likely) 2030 Total Jobs (Direct, Induced, Indirect) 64,983 Total Income (Direct, Induced, Indirect)$ 3,632,489,000 Business Revenue$ 2,359,601,000 Total Taxes (state and local)$ 334,189,000 High Scenario2030 Total Jobs (Direct, Induced, Indirect) 99,556 Total Income (Direct, Induced, Indirect)$ 5,565,089,000 Business Revenue$ 3,614,984,000 Total Taxes (state and local)$ 511,988,000 Direct – Construction, trucking, maintenance, warehouse, dispatch, management, parts, rail, heavy equipment operators & security Indirect – Business opportunities to support shippers, distributors, freight forwarders, manufacturers, restaurants, fueling, retail & vocational training. Numerous entry level and family wage, full time, year round jobs. Transportation jobs = higher wage jobs.

17 The Opportunity The South Florida International Logistics Center will be: an integrated logistics campus of the Americas, centrally located within the southern half of Florida, with the ability to provide supply chain infrastructure, that will enable the transformation of Florida into a global hub for advanced manufacturing and distribution. New and diverse businesses creating jobs and a sustainable economy. 17 South Florida International Logistics Center

18 South Florida International Logistics Center Potential Southern Florida Major Logistics Transportation Network (2 Major Rail Roads, 2 ILCs, 6 Sea & 4 International Airports, 1 of 5 Federally designated relievers for intl airports 3 Interstate Highways, The Turnpike & 8 US Highways) 18

19 Location, Location, Location Efficient mobility is a competitive advantage in the Global arena, where value is created by the aggregation of products and the timely and cost-effective movement of goods to market. Florida is ideally located in the center, a hub and a Gateway to the Americas into and out of the United States. A Plan for the Future (Long Term Capitol Seeks, Predictability From a Long Term Plan and Unified Commitment) A comprehensive supply chain infrastructure master plan for domestic and international freight, will position Florida as an economic powerhouse. 19 South Florida International Logistics Center Contact : Mark Morton (239)

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