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SelectFlorida provides information and assistance to Canadian companies interested in establishing operations in Florida or identifying strategic partners in Florida.Providing Assistance to Canadian Companies
If you are a Florida company interested in exporting to the Canadian market, please click here.
Canada and Florida: A Strong and Growing Economic Partnership
As a center of innovation and North America’s gateway to Latin America and the Caribbean, subtropical Florida has for the longest time been a favorite destination for Canadians eager to capitalize on Florida’s opportunities – for business, leisure, or both! From energy and building materials to food and telecoms equipment, Canadian firms have built a strong presence in Florida across a wide variety of industries.
As global partners in developing the technologies of tomorrow, both Canada and Florida have nurtured their bilateral links, which has resulted in some stellar examples of collaboration across a wide variety of fields. Private-sector businesses, universities, regional and local governments, and non-profit organizations have all been working steadfastly towards developing networks of partnerships that will bring ever closer the already intertwined economies of Canada and Florida.
Beyond commercial links, Canada and Florida share long-standing ties in culture, language (Quebec has North America’s largest francophone community, Florida the second largest), tourism (including Canadian “snowbirds” who reside in Florida part of the year), sports, and a variety of other areas. All of these linkages promote a deep relationship between Canadians and Floridians which reinforce our close commercial partnership.
Florida: A Magnet for International Companies Video
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Trade
Trade
- Since the enactment of NAFTA in 1994, now renamed the USMCA, Canada and the United States have seen a boom in cross-border trade. As the third most populous U.S. state and a major hub for global commerce, Florida has provided a significant contribution to this trading relationship.
- Florida-origin exports to Canada were $5.3 billion in 2022, making it Florida’s 2nd largest export market. Leading export commodities include fertilizers, civilian aircraft, electrical circuits, yachts, and vaccines.
- Florida-destination imports from Canada were $5.8 billion in 2022, making it Florida’s 3rd largest source of imports. Leading import commodities include furniture, bread, oil, and turbojets.
Foreign Direct Investment
Foreign Direct Investment
- Based on the most recent statistics from the U.S. Bureau of Economic Analysis, Canada follows the United Kingdom as the 2nd largest foreign direct investor in Florida, with Canadian-owned affiliates accounting for more than 54,000 Florida jobs.
- Canada makes up over 15% of all FDI employment in Florida.
- Canadian affiliates in Florida were estimated to have total holdings of USD $14.5 billion in gross property, plant, and equipment in 2020.
- According to SelectFlorida’s database of foreign-owned affiliates in Florida, there are more than 300 Canadian companies operating more than 500 branch locations in Florida.
Community & Culture
Community & Culture
- In 2022, 8 million Canadians visited Florida, accounting for 28.4% of total international visitors to the state. Amounting to 377% growth over 2022, this signals a strong recovery of Canadian tourism.
- Canada ranked as the #1 source of international visitors to Florida in 2022, far ahead of the United Kingdom (1.1 million) and Brazil (700,000).
- Over 95,000 Canadian-born residents live in Florida as of 2021, according to the U.S. Census Bureau’s American Community Survey.
- An estimated 103,000 Floridians speak French at home. In addition, Florida brings together a large French-speaking community due to the presence of many expatriates from Québec and Haiti.
- Canada and Florida share long-standing ties in culture, language (Quebec has North America’s largest francophone community, Florida the second largest), tourism, sports and a variety of other areas. In an effort to further friendship and support the growth and prosperity of Canadian and Floridan communities, there are Sister City partnerships between Richmond Hill, Canada and Lakeland, Floridaand Hamilton, Canada and Sarasota, Florida.
Our Location
Our Location
SelectFlorida – Toronto Office
2233 Argentia Road
East Tower, Suite 307
Mississauga, Ontario, L5N2X7, Canada
Mobile: +1 514 495-5230
SelectFlorida – Montreal Office
75 Queen Street, Suite 166
Montreal, Quebec, H3C 2N6, Canada
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Toronto, Canada