EUROPEAN BREAKFAST SEMINAR Claudio Riedi President of the German American Business Chamber of South Florida “The impact of European Businesses on Miami Dade’s Economy”

Importance of Florida More than 20 Million inhabitants Florida’s GDP is the 21st largest worldwide Gateway to the North and emerging Latin American markets Low corporate taxes and attractive financial incentives Wide variety of industrial sectors Home of several internationally acknowledged universities and research institutions Importance of Florida With more than 20 million inhabitants, today Florida is the fourth largest U.S. State in terms of population Florida is one of the largest economies in the world As a standalone economy, Florida’s GDP would be the 21st largest worldwide The state offers a perfect base for companies that want to tap into the North and Latin American markets Because of its cultural diversity and geographical proximity to Latin America, the location is also ideal to do business with the emerging markets of Latin America Low corporate taxes, high availability of skilled workers, a very good accessibility to America’s east coast as well as attractive financial incentives make Florida one of the most business friendly states in the USA Florida’s economic structure is characterized by its industrial strength across a wide variety of sectors, including aerospace, medical devices, biotechnology, pharmaceutical manufacturing, logistics & distribution, financial services, renewable energy and information and communication technologies In addition, Florida is home of several internationally acknowledged universities and research institutions, such as the Embry Riddle Aeronautical University, the Max Planck Florida Institute for Neuroscience, the Torrey Pines Institute for Molecular Studies and many others Source: https://www.enterpriseflorida.com/international/international-offices/germany/ 11/02/2017 Claudio Riedi - President of the German American Business Chamber

Trade Connections Indicator (2017) Number Total Imports to Florida $73,415 Mio. (From Germany: $3,990 Mio.) Imports to Florida (in %) China (16,1%) Mexico (7,6%) Canada (5,8%) Germany (5,4%) France (4,8%) Top Imports From Germany by Industry (% of total Imports from Germany) Transportation equipment (39,1%) Machinery except electrical (11,1%) Goods ret to ca (exp.), us goods ret & reimps (imp) (10,8%) Computer & electronic products (6,6%) Primary metal mfg (6,4%) Total Exports from Florida $53,916 Mio. (To Germany: $1,797 Mio.) Export Destinations Canada (7,3%) Brazil (6,9%) Mexico (5,0%) Colombia (4,7%) Germany (3,3%) Top Exports to Germany by Industry (% of total Exports to Germany) Transportation Equipment (33,8%) Computer & electronic products (15,4%) Miscellaneous manufactured commodities (13,1%) Machinery except electrical (8,8%) Used or second-hand merchandise (5,7%) Trade Connections Source: http://www.rgit-usa.com/fileadmin/ahk_rgitusa/media/GBM/GBM_2017/GBM_2017.pdf 11/02/2017 Claudio Riedi - President of the German American Business Chamber

Florida’s Merchandise Exports to Germany Source: https://www.enterpriseflorida.com/international/international-offices/germany/ 11/02/2017 Claudio Riedi - President of the German American Business Chamber

Florida’s Merchandise Imports from Germany Source: https://www.enterpriseflorida.com/international/international-offices/germany/ 11/02/2017 Claudio Riedi - President of the German American Business Chamber

Employment Indicator Number Jobs created by foreign-owned affiliates in Florida by countries United Kingdom (51,400) Canada (34,300) Germany (27,700) France (26,800) German companies based in Florida >250 Employment Source: https://www.enterpriseflorida.com/international/international-offices/germany/ Source: http://www.rgit-usa.com/fileadmin/ahk_rgitusa/media/GBM/GBM_2017/GBM_2017.pdf Source: www.gaccny.com/fileadmin/ahk_usa/.../Top50_2011_GAT.pdf 11/02/2017 Claudio Riedi - President of the German American Business Chamber

Population & Tourism Indicator Number German Population in Miami-Dade County 3246 Number of Visitors 1,8 Million Visitor Spending ($US Millions) $2,384 Population & Tourism Source: https://www.enterpriseflorida.com/international/international-offices/germany/ 11/02/2017 Claudio Riedi - President of the German American Business Chamber

Percentage of Germans in Miami Source: http://zipatlas.com/us/fl/city-comparison/percentage-german-population.htm 11/02/2017 Claudio Riedi - President of the German American Business Chamber

The GABC is a nonprofit, nongovernmental organization founded by local business men and women in Miami For over 25 years, the organization has promoted business and trade between Germany and the US, particularly in South Florida. The objective of the GABC is to support commercial and personal relations between its members and to promote economic, social and cultural relations between the USA and Germany The GABC is an official affiliate of the German American Chamber of Commerce South (GACC South) in Atlanta The GABC offers the following services: Attend business events: luncheons, cocktail receptions, business breakfasts, seminars, and speaker events Establish new business and social contacts Introduce yourself to other members of the GABC and establish your organization's reputation List your job offers free of charge on our website, and as a private member you may search our directory for free Access to publications including German American Trade (GAT) Magazine, the GACC National Member Directory, and the GACC National Subsidiary Directories. Our Services 11/02/2017 Claudio Riedi - President of the German American Business Chamber