Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment

By Mira Wilkins | Go to book overview

Chapter3
Nationalities of the Investors

CANADIAN

Canadians are the largest single nationality investing in Florida, and sometimes refer to the state as "Canada's southern province." Their investments are growing rapidly. Table 4 indicates that $112 million in property, plant, and equipment was owned in December 1974 by Canadians. Since then, this figure has spurted upward. Canadian investments are made generally through Canadian companies and their subsidiaries, although sometimes directly by individuals or through trustees.

Canadians invest in many types of manufacturing, from making wire mesh to processing seafood (see Appendix 3 for a list of these). Large Canadian manufacturers such as Alcan Aluminum, Northern Telecom, and Abitibi Paper have plants in the state. These enterprises rink among Canada's top twenty- five industrials; each parent has American investments in it, but has more Canadian equity. 1 All of them have investments elsewhere; their Florida interests are not extensive vis-à-vis their total U. S., much less their worldwide, investments. For example, Northern Telecom supplies its new office telephone from Nashville, London, Paris, Amsterdam, Zurich, Dublin, Hong Kong, Singapore, Istanbul, and West Palm Beach. 2

Canadian investors publish newspapers in Key West and Punta Gorda. Others are involved in Florida banking; the Royal Trust Company of Montreal has

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Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Contents vi
  • Preface vii
  • Chapter 1 the Extent of the Investment 1
  • Chapter 2 the Nature of the Investment 11
  • Chapter3 Nationalities of the Investors 20
  • Summary 34
  • Chapter 4 Land and Real Estate 35
  • Summary 51
  • Chapter 5 Other Industries 55
  • Chapter 6 Banking 84
  • Summary and Commentary 97
  • Chapter 7 Regions 104
  • Chapters 8 Benefits and Costs 117
  • Summary 126
  • Chapter 9 Public Policy 128
  • Conclusions 140
  • Notes Notes to the Preface 142
  • Appendixes 155
  • Index 185
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