Known as a hub of international trade and commerce, Miami boasts a thriving and diverse economy. The Beacon Council reports a projected annual growth of 2.3% for Miami’s economy between 2020 and 2025, outpacing the national average. Here’s why you should consider Miami for your business setup:
Strategic Location
The strategic location of Miami makes it an exceptional gateway to Latin America, the Caribbean, and other international markets. Its position as a crucial center for international trade, along with its bustling seaport and a top-notch airport, makes Miami an ideal base if you aim to expand globally or tap into emerging markets.
Favorable Business Climate
Entrepreneurs and investors around the globe appreciate Miami’s business-friendly climate. Florida is unique in having no personal income tax, no corporate income tax on limited partnerships, and no state-level property tax. Furthermore, the City of Miami offers businesses various incentives, including tax abatements, grants, and expedited permitting.
Access to Talent
Miami prides itself on having a diverse, highly skilled workforce. It houses top institutions like the University of Miami and Florida International University. As a result, businesses have access to top talent from various fields.
Conclusion
Are you thinking about taking the next step to establish your business footprint in Miami? Contact us today, and let one of our expert commercial real estate advisors guide you in finding the perfect location for your venture, enabling you to make the most of what Miami has to offer. For more information or to schedule your consultation, Click here.
