Miami is a hub of international trade and commerce, with a growing economy that’s diverse and dynamic. According to the Beacon Council, Miami’s economy is projected to grow at an annual rate of 2.3% between 2020 and 2025, faster than the national average. Here are some of the top benefits of setting up a business in Miami:
- Strategic Location: Miami’s location makes it a gateway to Latin America, the Caribbean, and beyond. It’s a major center for international trade and commerce, with a busy port and a world-class airport. If you’re looking to tap into emerging markets or expand your business globally, Miami is the perfect base.
- Favorable Business Climate: Miami’s business-friendly environment is a major draw for entrepreneurs and investors. The state of Florida has no personal income tax, no corporate income tax on limited partnerships, and no state-level property tax. Additionally, the City of Miami offers a range of incentives to businesses, such as tax abatements, grants, and expedited permitting.
- Access to Talent: Miami has a highly skilled and diverse workforce, with a growing number of graduates in science, technology, engineering, and math (STEM) fields. The city is home to top universities, such as the University of Miami and Florida International University, which produce top talent in a range of industries.
Ready to take the next step in exploring the possibilities of establishing a footprint in Miami? Contact us today to schedule a consultation with one of our experienced commercial real estate advisors. Let us help you find the perfect location for your business and take advantage of everything that Miami has to offer. Click here to learn more and schedule your consultation now.
