May 5, 2024
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Business Expansion & New Markets 2009
CEO Survey results - Geographic Expansion
| Which geographic markets are you looking at to expand your business? (Asked of those with market expansion plans) | |||
| 2008 | 2007 | Change from 2007 (% pts.) |
|
| U.S. outside of Florida | 61% | 65% | -4.1 |
| Central Florida | 22 | 19 | +3.4 |
| Latin America/Caribbean | 20 | 23 | -3.3 |
| South Florida | 19 | 14 | +5.1 |
| Florida in general | 17 | 23 | -6.3 |
| North Florida | 17 | 13 | +4.2 |
| Europe | 16 | 19 | -2.6 |
| Asia | 15 | 14 | +1.1 |
| India | 9 | 8 | +0.9 |
| China | 8 | 12 | -3.6 |
| Canada | 7 | 7 | 0 |
| Middle East | 6 | — | — |
| Other | 11 | 5 | +6.4 |
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Darrell C. Smith
Shumaker, Loop & Kendrick LLP
Managing Partner
Tampa
Despite the difficult U.S. economy, Shumaker, Loop & Kendrick LLP continues to thrive. We entered the Florida market in 1985; our Tampa office (130 employees; 60 attorneys) is now our fastest growing. Thus far, we haven’t missed a beat, even with the current economic challenges. As a full-service firm emphasizing business law — as well as commercial litigation and also providing bankruptcy representation — we expect to continue to expand our Tampa office in 2009. We also are contemplating expanding to a second Florida office. Florida is very important to us, and the Tampa office is very profitable for the firm. My best advice to others is, don’t expand just for the sake of expanding. Instead, let your clients’ needs be your guide.
Business Beat - Week of May 3rd
