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The City of Miami has many financially rewarding opportunities
to offer. The City and its community partners are committed
to make your project, or the establishment, relocation, or expansion
of your business, a smooth and uncomplicated process.
The Synergy of our air and seaports along with our special
ties to Latin America produce unparalleled levels of international
trade. We are emerging as a hub for cutting edge telecommunications
and information technology. Our multicultural and multilingual
residents enjoy quality lifestyles in diverse, ìnew world
neighborhoodsî. Miamiís unique position in the
expanding global economy has made it the focus of remarkable
development professionals and end-users, not to mention numerous
international publications.
Excellent Business Climate
- A central location in the Western Hemisphere with great linkage
to Europe and Latin America: Location, location, location
- The City of Miami with a population of 362,470 is the largest
municipality and the urban center of a county of 2.2 million
people
- No local business of personal income tax
- No state personal income tax; corporate tax is 5.5% of net
income
- Labor training incentives, Enterprise Zone business inducements
and Federal Empowerment Zone incentives available to qualified
companies
Development
- Building permits for over 1.3 billion in building projects
approved in the 2 years of 1999 and 2000 alone
- The return to urban living has exploded into permits for nearly
8,100 new residential units valued at more than $91 million
- Continued strength in office and commercial construction with
more than 2.2 million square feet of office and 1.5 million
square feet of commercial retail under way
- Over $1.3 billion in building projects approved in the years
of 1999 and 2000, and increasingly more projects being approved
every day since.
International Trade and Transportation
Passengers and Cargo Traffic
- MIA is the number one US airport for international freight
with more flights to Latin America and Caribbean than all other
US airports combined
- More than 40% of all US exports to South America, Central America
and the Caribbean goes through the Miami Customs District
- Miami is the cruise capital of the world with over 3 million
annual passengers
- The Port of Miami ranks first among Florida containerized ports
and ninth among US ports, with over $8 billion in annual economic
activity and providing 45,000 jobs
- 40 shipping lines calling on 132 countries and 362 ports around
the world. Of these, 26 carriers serve 33 countries and 101
ports in Latin America and the Caribbean
- In fiscal year 2000, the volume of cargo
moving through the Port of Miami was 7.8 million tons-exports
totaled 4,463187
tons ñ and the number TEUís (twenty ñfoot
equivalent units) was 868,178, a 12% increase from
fiscal year
1999, and has continued to increase since.
- A civilian labor force of over 182,000 within its boundaries
swells to over 1,000,000 million people who commute to the city
during work week
- Experience multilingual, multicultural workforce
- Over 78,000 enrolled in 8 local colleges and universities
International Business and Finance
- With 38 foreign bank agencies and 13 Edge Act banks, Greater
Miami is one of the top International banking centers in the
U.S.
- Greater Miamiís financial institutions
had more than $50 million in deposits in 1999
- Nearly 500 multi-national corporations call Greater Miami home,
producing $52 billion in annual merchandise trade
Visitor and Entertainment Industry
- The expanding hospitality sector hosted over 10 million visitors
who spent $13 billion in 2000
- Over 721 local businesses serve all segments of the entertainment
industry: feature film, still photography, commercial production,
television, programming, music and new media
- Miami has created 4 new entertainment districts catering to
entertainment production and related commercial development
- New tourism, recreational and cultural
facilities in progress in Watson Island include Parrot Jungle
and Gardens, a regional
visitors and aviation center, and the Miami Childrenís
Museum
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The recently completed American Airlines Arena along with Bayside
Market Place serve as gateways to the Cruise Capital of The
World
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Upcoming projects in the Downtown area are the Performing Arts
Center and the Miami Marlins Baseball Stadium
Quality of Life
-
Sub-tropical climate with an average temperature of 75 degrees
year-round
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Year-round golfing, boating, tennis and swimming
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Four major professional sports franchises
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Fourth largest U.S. K-12 public education system
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Over 1,000 cultural organizations
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More than 30 health care facilities
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Jackson Memorial Hospital is one of the top 25 hospitals in
the US
Urban Revival
Redevelopment Opportunities in Miami's Urban Neighborhoods
The Greater Miami area, along with the rest of the nation,
has embraced the principles of Smart Growth implementing strategies
centered on infill development and the strengthening of its
urban neighborhoods. Current efforts encouraging investment
in Miamiís commercial, residential and industrial redevelopment
include incentive packages offered by the Miami-Dade Empowerment
Zone Trust, The Community Redevelopment Agency and the Miami
Browns-field Redevelopment Project.
Residential Mixed Use
Miami's Urban Neighborhoods Offer Something For Everyone
From the multi-hued towers of Brickell Avenue to the historic
homes of Morningside, from the colorful abodes of Little Havana
and Shenandoah to the historic cottages of Coconut Grove and
Lemon City to the live-work lofts of the design District and
park West, Miamiís residential market has it all. Miamiís
vibrant urban areas provide residents with the opportunity to
live and work within the same property, or live within a 5-10
minute commute- walking, bicycling or taking public transit
to work. Many properties are located in or near the downtown
core where varied and unique zoning encourages urban living.
Current developments, often mixed use, are occurring in the
areas of the Omni/PAC District, the Design District, the Wynwood
/Edgewater Warehouse District, the Overtown Residential /Commercial
District and Brickell Avenue /Brickell Village
Gateway City
Miami Focus on Trade, Industry and Commerce
Greater Miami has Analyzed its key economic activities and
is currently exploring the Cityís prospects for commerce,
industry and trade. Some of Miamiís newest business sectors
include: The Miami Intermodal center/ Airport East, the Allapattah
Produce District, the Fashion District, the Miami Design District
and the Little River Industrial District. The City has identified
what it considers to be the crucial industries of the future;
namely, film and entertainment financial services, information
technology, telecommunications, tourism, visitor industry and
the burgeoning arena of international trade.
Bright Lights
Miami's Prospects for Hospitality, Tourism and Entertainment
Long recognized as a premier ìFun & Sunî destination,
Miami takes its lighter side seriously when it comes to opportunities
for investors and developers in lodging, entertainment and tourism.
The newest hotels are taking their places in the vibrant neighborhoods
of Brickell and Coconut Grove while the emerging Park West Entertainment
District and the colorful Miami design District have begun to
take off. Future cultural and recreation destinations include
the u-coming Performing Arts Center as several developments
on Watson Island.
Miami in Numbers
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Commercial 
