Spanish secretary of State for Commerce, Jaime García-Legaz, has indicated recently that the rate in which Spanish companies establish branches in Miami is continuously growing and over time there have been more small and medium companies launching in South Florida successfully. Establishing a branch in South Florida is not only for the big multinational companies anymore, there have been over 200 Spanish companies which are categorized as small or medium sized which have expanded to South Florida effectively.
Spanish investment in the state of Florida has increased sevenfold since the start of the economic crisis in Spain. The fact
that South Florida constitutes a focal business point and it is considered the gateway to the Americas makes it very attractive for Spanish companies looking to expand. Not to mention the fact that approximately 80% of the residents of Miami-Dade speak the language and are familiar with many of the products that are produced in Spain.
Miami Dade’s mayor, Carlos A. Giménez, recently visited Spain to help enhance and promote commercial connections between his county and Spain. He stated that his area is also the best for a company to start business with Latin America because of its strategic location.
The latest data
from Spain’s Export and Investment Authority, ICEX, indicate that investment by Spanish companies in Florida totals 6,500 million dollars (EUR 4.881 million). An estimated 80% of the Spanish companies that have moved to Florida are located in Miami-Dade.
Contact LOIGICA today to learn more about importing your services or products from Spain to South Florida and Latin America.
Data collected from: ICEX http://www.icex.es/icex/cda/controller/pageICEX/0,6558,5518394_5518974_5536731_0_0_-1,00.html
Infomation obtained from: ELECONOMISTA.es http://www.eleconomista.es/ “Doscientas empresas españolas buscan en Miami su 'Dorado'”.