Miami Means Business
Miami-Dade Beacon Council
Driving a more sustainable, inclusive, and competitive economy for Greater Miami. #BeaconBuildsMiami
When a region's GDP stands shoulder to shoulder with that of an entire European nation, it demands attention. With an astonishing economic output of $219 billion, Miami-Dade's economy not only rivals Greece's but is poised for even greater achievements. As Florida's largest economic engine, contributing 14% of the state's total GDP, Miami has evolved into a dynamic powerhouse where strategic advantages propel investment returns to new heights.
The numbers are compelling: job growth soared to an impressive 6.7% between 2018 and 2023—outpacing the national average by 3.1%. Our workforce boasts 1.4 million skilled professionals, with a participation rate of 63.8% that exceeds both state and national averages. This success is no accident; it's the result of visionary infrastructure investments and market-driven policies that fuel growth.
Miami's status as a global hub offers unparalleled market access and business capabilities. Our international airport handles a staggering 43% of all U.S. flights to South America, while our advanced digital infrastructure carries an impressive 90% of Latin America's data traffic.
With over 70% of Florida's exports flowing through our networks, we create efficient pathways to global markets. This exceptional connectivity—backed by a workforce fluent in 104 languages—gives businesses a significant edge in international commerce.
This blend of cutting-edge infrastructure and global reach has secured Miami's position as the sixth-best U.S. location for international business. Our competitive advantages have attracted 1,200 multinational corporations to set up their Latin American headquarters here, generating abundant opportunities for businesses of all sizes to expand their market presence.
With 58.3% of our residents born abroad—the highest percentage worldwide—Miami is your gateway to mastering international markets.
Our economic framework is crafted for success, seamlessly combining strategic advantages with abundant growth opportunities. Companies choosing Miami gain access to:
- A pro-business tax structure that maximizes profitability
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- Prestigious educational institutions that develop globally fluent talent
- State-of-the-art infrastructure tailored for international trade
- An innovation ecosystem that connects startups with industry leaders
- Strategic access to emerging markets and established economies
The result? A vibrant marketplace where investments yield extraordinary returns, where our strategic location amplifies market access, and where businesses harness global connectivity to thrive on the world stage.
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Ready to become a part of Miami's dynamic business community? Visit our newly launched website at BeaconCouncil.com—your ultimate resource for market research, industry insights, and strategic guidance. Our dedicated team is here to help you navigate Greater Miami's robust global marketplace.
Like this post? Connect with us on LinkedIn every first Monday of the month as we continue to uncover why Miami is one of the most compelling business destinations in the world! #BeaconBuildsMiami #BuildingMiamiTogether
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