Our expert team has studied Florida based upon changing market trends, demand & supply of products & services, government schemes & policies and have identified, traditional as well as new emerging business opportunities, and collected a few potential & profitable business ideas. And prepared a “Market Research & Opportunity Analysis Report for the Florida”.
Florida is a state in the USA, located in the South-eastern region that has a geographical area of 65,757 sq. miles and ranks as 22nd state. In the year 2020, it was the 3rd most populated state with the population of 21.5 million and with a population density of 384 per sq. miles that ranked it as 8th most densely populated state in the country. Its total population was about 6.5% of the nation’s population.
It is bounded by the Atlantic Ocean and the Gulf of Mexico and has one of the longest coastline of about 1350 miles. It has subtropical and tropical climate and 3rd largest coral reef system in the world.
The economy of the state is mainly depending on agriculture, tourism and transportation. Its GSP i.e. Gross State Product was US$ 1.09 trillion and ranked 4th, with a share of 5.23% of the nation’s total GDP in the year 2020 and it exported goods of worth US$ 45.8 billion that accounted to 3.9% of the total export value of the country in the same year. The major exported items were Aircraft including engines, parts (10.7%); Cell phones (4.9%); Integrated circuits (2.4%); Small portable digital computers (2%). Its main export partners are Brazil, Canada, Mexico, United Kingdom, Colombia etc.
The key in industries in the state are Aviation & aerospace; Cleantech; Defence and homeland security; Financial and professional services; Information technology; Life Sciences; Logistic and distribution; Manufacturing. It ranked 2nd as best state for doing business in the year 2020. It has the 3rd largest civilian labour force in the nation i.e. about 10.3 million. It has the 2nd largest foreign trade zone network and 18 out of Fortune 500 companies of the country are operating in the state. The average income in the state is US$ 51,989. It is also, a top telecom hub in the world that has Network Access Point in Miami that serves as main switching station for Internet traffic coming to and from Latin America.
The availability of well-developed transport network with 2 seaports, 15 Deepwater ports, 20 Commercial airports with a system of highways and railways makes the logistic and supply chain management easier and faster for businesses.
The state government provides incentives to business to establish and operate successfully. As per industries the incentives are Florida’s Key Incentives for High Impact Sectors; Machinery and Equipment Sales Tax Exemption; Research & Development Equipment Sales Tax Exemption; Clean Energy Incentives; Aviation Tax Exemptions; Space Industry Sales Tax Exemptions; Semiconductor, Defense and Space Technology Sales Tax Exemption (SDST), Electricity and Steam Sales Tax Exemption, etc.
Business ideas for the Florida consist of
- Tech business as Virtual Reality headsets manufacturing, 3-D printing of products, Drone manufacturing and/or rental business
- Food business as Healthy snacks/fast food production, Microbrewery, Craft beer production, Frozen Yogurt/fruits
- Advance farming business as Vertical farming, insect farming and processing
- Cleantech businesses as Biodiesel production, Solar panels or Lithium-ion cells manufacturing, E-Waste recycling
We have done market research and analysis and come up with the best business opportunities in Florida that are focusing on present situations. The ideas are based on the availability of resources and have huge growth potential in this country.
What I will get from this report?
- You will get researched based business ideas for the region.
- You will get geographical, demographical, and market data.
- You will get the market insights & dynamics (growth drivers, opportunities, threats, restraints).
- You will get the demand-supply matrix which will show the market potential.
- Most importantly you will get key details for each business idea.
Key questions answered in the report: –
- Which are the most profitable businesses in the selected locations?
- What are the major drivers, trends, restraints, threats, and opportunities of business ideas?
- What Infrastructure is available in a selected location.
All these and many more questions will be answered in the report with detailed information.
Why one should get this innovative report?
- This is the most innovative format of the report which helps you make the decision about the business idea on the basis of information provided.
- Most systematically researched and constructed report.
- Prepared by experts and professionals from the industry.
How I can order this report?
- You can ask for all business planning reports related to the subject.
- Drop a line about your interest to info@meticulousbplans.com
- OR fill up the inquiry form.
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