Investment

=Manny Mencia= toc

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Having a highly developed high technology base, Florida is one of the 5 cyber states of the United States, one of the 5 states with the largest concentration of high technology industries. It is also a very inviting market to source products and the find new technologies and new ideas in. To give you an example of Florida leadership roles in high technology we have the second largest aviation and aerospace sector in the United States. Also we’re second in the number of health technology companies in our state right after California. We’re the leading state in the United States in simulation, which as you know is one of the cutting edge industries of the 21st century and then in the information technology sector. We’re one of the 5 largest in the United States and actually have the fastest growing information technology sector in the country.
 * What is Florida’s Industry Profile?**

Portuguese Translation

=Lionel Nobre=

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** Can you talk a little about some of the myths and fears of going to Brazil and investing there? How can you alleviate some of those fears? ** Some of the risks or the major fear with Brazil is that people say “I’m never going to get my money out of Brazil.” Because Brazil is a very stringent and the exchange control is very strong. That is not true. It’s easy to get your money out of Brazil. The Brazil before 1994 and the Brazil after 1994 are very different. The Brazil in 1994, they put in place an economic plan, they opened up the market, that already started in the early 1990s, they opened up the market, and now it’s easy for you to send money to Brazil and get money out of Brazil as long as its duly registered with the Central Bank of Brazil. What you need is competent advice to help you do that. Usually here in the US, you don’t have such considerations, but in Brazil you need to look at who your banker is going to be, is he competent enough to send money to Brazil, to bring money from Brazil, who is your accountant going to be? It’s very important for you to find a competent accountant who can speak English, that understands the Brazilian accounting rules and the US accounting rules so that he can communicate properly with your team here in the US.

Portuguese Translation