Favourable Location, Global Centre for international trade, and World-Class Infrastructure
Ranked among America's busiest ports, Miami is recognized across the globe as the Cargo Gateway of the Americas as well as the Cruise Capital of the World. Serving as the hub of transportation and telecommunications links with the Americas, Europe, Asia and emerging markets such as India and Africa, Miami has been also been ranked as one of the top 25 cities for global trade.
Miami-Dade County is continually investing in the infrastructure that supports business success. With the expansion of the Panama Canal in 2016, Asian trade patterns are expected to begin shifting from America's West Coast to America's East Coast. To keep up with the new East/West trade growth, PortMiami has invested in over $1 billion in infrastructure improvements ensuring that the Port remains competitive in the international marketplace. These improvements include the deepening of the port's main cargo channel to -50/-52 feet which will accommodate the new generation of mega cargo ships, new gantry cranes, a new re-stack facility, on dock rail service as well as a new tunnel linking the Port directly to the Interstate Highway System.
Miami International Airport (MIA) is the leading airport in the U.S. for international freight and and ranked 9th globally in international freight. Miami International Airport is the #1 perishable products air import centre in the U.S. Using both PortMiami and MIA allows for the distribution of goods to market more quickly than many Northeastern ports, which often face congestion and winter weather delays.
Miami International Airport also holds the title of the "#2 Gateway to the USA" for international passengers. The airport provides convenient direct air service from Miami International Airport to all major destinations in the United States and Europe, as well as Latin America and the Caribbean.
The US Department of Transportation with the State of Florida has invested nearly $50 million to connect the Port of Miami with the Hialeah intermodal rail yard and the national rail system. Restoration of this double-stack rail service expedites the movement of goods throughout Florida and the continental U.S.
Passenger railway services such as Tri-Rail, MetroMover and MetroRail provide easy transportation links to communities that are within an hours travel to the city centre for both the local workforce and visitors alike.
Culturally Diverse Community and workforce
Nearly every region of the world is represented in Miami-Dade County's business community. Miami serves as the location of more than 100 international consulates, trade offices and bi-national chambers of commerce that support the worldwide flow of goods and services.
A skilled multilingual, multicultural workforce — including international banking, legal and other services by professionals from more than 100 nations, makes Miami an important resource for companies doing business in the Caribbean, Central America, South America, Europe, Asia, and the Middle East markets. More than 1400 multinational businesses use Miami as a base of operation or as a transshipment point for their Latin American corporations.
Florida is projected to become the third most populous state in the U.S. with more than 19 million residents and 94 million visitors, providing new opportunities for global companies.
Florida provides an excellent economic environment that encourages innovation, unequalled market opportunities with no local or state personal income tax and low unemployment-insurance taxes. Financial and workforce training, and business incentive programs have encouraged many domestic and international companies to locate to or expand their operations in the Miami-Dade County area.
Nine high-impact industry sectors as well as the Travel/Tourism industry find Florida and Miami's business climate increasingly attractive.
These nine industry sectors are as follows:
Aviation and Aerospace
Finance and Professional Services
Defence and Homeland Security
Logistics and Distribution
Among Miami-Dade County's international business assets are its foreign trade zones, or FTZ's. FTZ's are designed to stimulate economic development because companies operating in FTZ's can reduce, delay or eliminate duty payments on imported and exported products. These FTZ's allows Tariff-free value to be added to foreign goods before they are shipped onto other countries.
High Quality of Life and a lifestyle for every one.
Miami and surrounding counties such as Dade County offer a highly diverse range of urban, suburban and rural communities as well as a high quality of life with wide range of housing options, year-round outdoor recreational activities, renowned cultural institutions and four major professional sports franchises.
With its enticing combination of affordable sites, diverse industry sectors, multilingual and multicultural workforce and communities, and exceptional quality of life, corporations and individuals have found Miami to be the ideal location to put down their roots and find it a good place to grow.