Adie Tomer challenges local and state leaders in Florida to leverage its strengths in trade and logistics for a more production-oriented economy—to the benefit of the long-term economic prosperity of the state.
"Florida took a beating during the Great Recession. Like many of its Sun Belt peers, the prominent roles of real estate, tourism, and financial services led to over 650,000 jobs lost between 2007 and 2010. Many of the state’s largest metro areas remain thousands of jobs below their peak levels," according to analysis by Tomer.
Tomer lists the state's advantages in trade and logistics—such as Miami International Airport, 15 deep water ports, and cutting-edge freight policies—yet, "for all its logistics advantages, Florida simply doesn’t make enough of its own stuff." That last point is evident in a $180 billion domestic and international trade deficit in 2010, according to Brookings data.
Tomer also points out more of the state's potential in creating a manufacturing base, and recommends a few strategies, including cultural change, to achieve the recommended goals.
FULL STORY: Can Trade and Logistics Remake Florida?
Warehouse Moratorium Sought in Suburban Georgia to Slow Road Damage
Traffic from the area's booming distribution centers is damaging local roads and causing concern among residents.
Can Chicago Ride Its Rails to Economic Growth?
Chicago's position as a central hub for manufacturing and shipping helped establish the city as the economic powerhouse of the Midwest. A new report recommends the city update that infrastructure to grow the region's economy.
Miami's Local Economy Becomes Global
Representing the Global Cities Initiative, Richard M. Daley and Bruce Katz report on the current status of Miami's economy and offer tips they deem necessary to boost the regional economy into true "global" status.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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