USA – Hungary business relations

The United States is Hungary's most important strategic partner and ally as part of the European Union, and this bilateral relationship has developed remarkably in recent years.

Why is Central Florida an ideal launch pad for foreign businesses?

In the realm of business expansion, Central Florida stands out not only for its iconic theme parks and vibrant economy, but for its unique gem: the Space Coast. Located within the region, the Space Coast offers unparalleled opportunities and advantages for foreign businesses seeking to conquer the American market.

Here's why:

Strategic geographical location

Central Florida's Space Coast is strategically located along Florida's east coast, providing convenient access to major transportation arteries. Proximity to Orlando International Airport, Port Canaveral and major highways provides seamless connectivity for businesses requiring efficient logistics and distribution networks.

Center for Space Research and Aviation

As the birthplace of America's space program and home to NASA's Kennedy Space Center, the Space Coast boasts a rich heritage of space exploration and flight. Today it is still a thriving center of aircraft manufacturing, research and innovation. Companies operating in this sector benefit from the proximity of the industrial giants, the experienced and in-depth expertise of the workforce found in the area.

Research and development opportunities

The Space Coast is a hotbed of research and development, attracting businesses seeking ground-breaking technologies. With renowned institutions such as NASA, SpaceX and Blue Origin engaged in cutting-edge research and development initiatives, the region offers a fertile environment for collaboration and innovation.

Advanced manufacturing capabilities

Central Florida's Space Coast has state-of-the-art manufacturing facilities and expertise, particularly in aerospace and defense. Businesses in these sectors have access to specialized infrastructure and support services that enable them to produce high-tech components and systems with precision and efficiency.

Talent pipeline and educational resources

The region's strong educational infrastructure, including top-tier universities and technical colleges, continuously produces skilled talent in technology, engineering and mathematics (STEM) disciplines. This culture provides a suitable workforce for businesses seeking specialized expertise in aerospace, engineering and related fields.

Business support and incentives

Central Florida's Space Coast offers a supportive business ecosystem where economic development organizations and government agencies provide resources, incentives and assistance to help businesses succeed. From tax incentives to access to research grants and industry partnerships, the region offers many opportunities for growth and expansion.

Quality of life

Beyond the business benefits, the Space Coast offers an exceptional quality of life. With its beautiful beaches, outdoor recreation opportunities and vibrant cultural scene, the region provides an attractive environment for employees and their families. The combination of professional opportunities and lifestyle convenience makes it an ideal destination for business and personal development.

Entrepreneur-friendly environment

Florida's vast market and business-friendly climate help companies achieve their growth and expansion goals with ease.

Florida is consistently ranked among the best states for businesses, thanks to business-friendly state tax policies, competitive costs of doing business, and a streamlined regulatory environment. Government and economic development leaders are working together to ensure the state's business climate remains favorable for companies of all sizes, including some of the nation's leading companies.

Additionally, Florida offers a cost-effective alternative to high-tech states with more affordable land prices, labor and capital than its competitors. State regulatory agencies and municipalities provide a faster, less expensive and more predictable permitting process for major economic development projects without lowering environmental standards. Florida's zero percent personal income tax also makes it easy to build the business of your dreams. If you have more money in your pocket today, you can invest more flexibly in the future of your business.

Source: Select Florida