Downtwon Miami: The Destination for Global Business

In Florida, Downtown Miami is the destination for global business. A thriving economy, strong business sectors, instant connectivity, extensive social and cultural offerings, and an active and vibrant residential community all come together to create a cosmopolitan city.

Companies Strategically Choose Downtown Miami as Part of the City’s Core… a tropical paradise on the coast where worlds meet, entrepreneurs meet, and the Americas come together.

Whether opening, expanding, or relocating a business, the Miami Downtown Development Authority will connect you with city, county, and state agencies as well as other businesses and organizations to facilitate real growth and lasting success.

For more than 50 years, the agency has acted as a catalyst for positive change and continues to work toward the betterment of Downtown Miami for all residential, business and visitor areas.

“THE NEW WORLD CITY”

While Miami has long been known as the gateway to Latin America, the city continues to increase its reach and position as a global platform through its strong ties to Europe, Asia and the Middle East. This trend is reflected in our market numbers, which today exceed 120,000 million. China, Brazil and Switzerland are our major trading partners, and the

“MIAMI IS JOINING THE LISTS OF THE MOST DYNAMIC CITIES IN THE WORLD”

CITYLAB LATINO

For international business, Miami is the location of choice to serve its Latin American, American, and European clients. In fact, nearly 200 U.S. multinational headquarters and branches are in Downtown Miami. Ease of access is one of the main reasons companies choose Downtown Miami. MIA is only 20 minutes away by car or train. As the second-largest U.S. airport for international passengers, MIA offers continuous service to 154 destinations and more than 200 nonstop flights to major international cities around the world.

Add to this a talented, diverse, and globally oriented workforce and it’s clear that Miami offers everything it takes to succeed in international business.

PEOPLE

Downtown Miami is business-ready and merchant-friendly. Our efficient urban business environment is both a residential area and a shopping mall.

Today, more than 88,540 people live in the greater Downtown Miami area, doubling the population since 2000. The majority of residents are young professionals who enjoy the convenience of an active urban lifestyle, the many public transport offerings and the interesting cultural and entertainment offerings. In fact, 45% of the resident population is between 25 and 44 years old with an average income that is almost double that of the surrounding areas.

Housing options are extensive, with more than 13,000 residential units currently under construction in the greater Downtown Miami area.

“The growing population of sophisticated young adults, many with disposable incomes, has heralded a cultural transformation in Miami’s core.”

Travel Weekly

More than 11,000 registered companies employ 171,613 people, some commuting to Downtown every day, and an increasing number of these live within walking distance of work. Add to the mix an ever-growing fleet of visitors, as Downtown welcomes countless local, national, and international visitors a day.

Miami was recently ranked 15th on Atlantic’s list of cities in the world where young professionals want to be, and Forbes ranked Miami as the happiest place in the United States to work.

TECHNOLOGY

Miami is emerging as a new tech hub. Multiple co-working spaces, incubators, and educational institutions offer tech companies with workspace, courses and seminars, and talented interns and graduates. Added to the mix are large departments from Miami’s largest business sectors including finance, cruising, law, architecture and design.

Miami is ranked No. 2 in Entrepreneurship by the Kauffman Foundation, and nowhere is this more evident than in our thriving tech ecosystem. Downtown Miami has the ideal environment to launch, develop, and grow your business.

Miami attracts venture capital because of its access to South Florida and Latin American startups, access to potential local and Latin American investors, and convenient location for investor meetings, portfolio updates, and fundraisers.

Whether you’re a startup looking for a good execution percentage or a large multinational that needs good access and experienced employees, Miami has an attractive environment for growth.

One of Florida’s most important economic drivers is banking and finance. Downtown Miami is the second largest banking center in the United States, behind only New York. Of the 70 banks located in South Florida, more than 60 are located in the Brickell Financial District. These financial institutions are both international divisions of U.S. domestic banks and branches and agencies of foreign banks from 18 countries on four continents, making Miami one of the most important international banking centers in the world.

“… Such openness has turned a neighbourhood and a city into a nancial capital of the world, and perhaps more importantly, an urban destination…”

Forbes

EQUITY INVESTMENTS AND ALTERNATIVES

Downtown Miami is quickly gaining momentum as a hotbed of hedge funds, wealth management firms, private equity groups and other wealth or alternative investment companies. More than 100 of these firms now operate in Downtown Miami. A broad ecosystem offers support to this sector in areas such as fund management, brokerage and other business services, technology, capital raising, specialists, and legal counsel. Adding to the mix is a growing number of investment and wealth management conferences that expand access to capital and investment flow.

As one of the top 6 cities in the U.S . that is important for high-net-worth individuals, many of them permanent residents, Miami offers access to local capital and opportunities for those looking for new investments.

PROFESSIONAL SERVICES

Downtown Miami is home to leading national and international professional services firms. From accounting and legal services, to technology support services and real estate, Miami has a wide range of companies and professionals to satisfy your growing business.

Leading companies, including headquarters and branches of U.S. multinationals, choose Downtown in part because of its unmatched access and choice of service providers across industries.

Downtown Miami boasts some of the most recognizable names in architecture, accounting, legal, real estate, engineering, and other companies that employ certified professionals. We are also home to top creative talent firms specializing in marketing, design and development.

This brimming professional landscape creates an unparalleled synergy for doing business. From the initial services of a new company, to the connectivity and representation it takes to grow, Downtown has experts from every field.

“Downtown is the preferred location for national and international law firms opening or opening in South Florida”

Florida Trend Magazine

EDUCATION

In today’s knowledge economy, schools and universities are building blocks for a thriving business environment. With a wealth of educational institutions and offerings, Downtown Miami has become a regional hub for learning and career development. Top schools understand that Downtown Miami is the best place to establish international centers for learning and to take advantage of our diverse and growing population.

Miami-Dade County Public Schools offers a variety of public school options, including its innovative digital-oriented colleges, iPrep Academy, and Primary Learning Center Magnet. Miami Dade College’s Wolfson Campus has more than 27,800 students and offers nearly 200 undergraduate programs. The university is home to two nationally recognized faculties: the School for Advanced Studies and the New World School of the Arts. Florida International University’s campus in Brickell offers master’s degrees in business administration, international heritage, finance, global government, and healthcare administration. The Miami International University of Art and Design provides career-focused education in creative professions.

UNIVERSITIES IN DOWNTOWN MIAMI

Atlantis University
Brown Mackie College
Florida International University
Miami Culinary Institute
Miami Dade College
Miami International University of Art & Design New World School of the Arts
Strayer University
University of Florida

ARTS, CULTURE & ENTERTAINMENT

Downtown Miami has become an international hub for arts, culture, and entertainment. Nowhere else in the region will you find such a diverse range of cultural institutions and activities.

Downtown Miami is home to more than 30 arts, cultural and entertainment organizations, from large institutions such as the Adrienne Arsht Center for the performing arts, the AmericanAirlines Arena, home of the three-time national champion NBA Miami Heat and the HistoryMuseum, to smaller nonprofits and artist spaces such as The Artisan Lounge and the Miami Center for Architecture + Design. The Musem Park, which represents the urban redesign vision of Downtown Miami, with the Biscayne Bay as a backdrop, it is a 400,639-square-meter public park space, which includes two museums: the celebrated Pérez Art Museum Miami, designed by famed architects Herzog and de Meuron, and the new Patricia and Phillip Frost Musem of Science, scheduled to open in 2017. In addition, with new arts and cultural offerings coming together like Miami Dade College’s Live Arts Lab, a new art venue and initiative designed for research and experimentation, Downtown Miami is becoming a leading creative destination.

The abundance of entertainment offerings, with Downtown Miami as host to a number of annual events attracting millions of regional and international visitors, including the International Film Festival of Miami, the Marathon of Miami, the International Book Fair of Miami, YoungArts Week, and the Ultra Music Festival, to name a few.

MUSEUMS:

HistoryMiami
MDC Museum of Art + Design at the Freedom Tower Miami Children’s Museum
Patricia & Phillip Frost Museum of Science*
Perez Art Museum Miami

PERFORMING ARTS SPACES:

Adrienne Arsht Center for the Performing Arts AmericanAirlines Arena
Bayfront Park Ampitheater
James L. Knight Center

National YoungArts Foundation Olympia Theater

$1,000 million

Artistic industry

5th Major

Employer in Miami-Dade County

TOP REASONS TO CHOOSE DOWNTOWN MIAMI

1. Business is booming – With more than $10 billion of international investment underway and more than 50 development projects on the books, Downtown Miami challenges national and global economic trends.
2. Talented Workforce – We are home to a diverse, multilingual, and basic higher education workforce for business needs, with many more professionals choosing to work in Miami all
3. Business Environment – Florida is the fourth best state in the U.S. to have a business according to the Tax Foundation. Combine that with competitive business start-up costs, and Miami is an attractive choice.
4. Downtown Access has the best public transportation system in the state of Florida, including the free Metromover system, coupled with a premier international airport and seaport.

The Serbian is seeking a record seventh title at the second ATP Masters 1000 title of the year

Novak Djokovic and Roger Federer will not play doubles together at the Miami Open presented by Itau, but the two former Miami champions took to the court together on Wednesday to cut the ribbon for the opening of the tournament’s main stadium.

Djokovic, seeking a seventh title in Miami, and three-time champion Federer joined WTA players Naomi Osaka and Serena Williams to celebrate the first day of play in the main draw at Hard Rock Stadium, the home of the NFL’s Miami Dolphins.

The second ATP Masters 1000 event of the season is being held at Miami Gardens for the first time in 32 years in Key Biscayne. The ATP Masters 1000 tournament is being held in Miami Gardens for the first time, after 32 years in Key Biscayne. Previously, the tournament was also held in Delray Beach (1985) and Boca Raton (1986).

The number of seats in the main stadium is 13,800, plus another 5,191 in the grandstand. In addition, he has 3,024 on track 1 and 1,564 on Butch Buchholz court. Overall, the complex has 12 match courts and 18 training courts. So far, players seem to be impressed with the expansive new terrains.

“For the players, the facility is much bigger, there’s a lot more space and a lot more courts, so playing tennis here is great,” Zverev said.

But the 2018 finalist said he’ll miss the atmosphere in Key Biscayne. “Crandon Park had something to do with it. He had some feeling, some energy, something Spanish and the crowd was always energetic. I don’t know what it’s going to be like here,” he said. “Hopefully, it’ll be a similar feeling.”

Djokovic was impressed with the details of the new complex. “I think the color [de la cancha] is really nice. It resembles the ocean and water. It’s the color of the Miami Dolphins, and we’re invited to their stadium for the first time this year.”

“It’s been a bold move for one of the biggest tournaments in [reubicar] the world in Key Biscayne, a historic venue where this tournament was held for so many years, in a football stadium and to create something very different that we don’t have. It’s a brave move that can bring many benefits to our sport as a whole. I’ve trained on Centre Court and it’s very good. I know how much effort, energy and work has gone into putting this event together.”

Defending champion John Isner will not be able to relive the memories of his first ATP Masters 1000 title in Key Biscayne, but the American is open-minded.

“Being here for the first time is really cool and unique. As the defending champion, it’s a different feeling because it’s a completely different place,” Isner said.

Federer, who is playing in the tournament for the 18th time, will miss Key Biscayne like his teammates. But he’s also excited about the new site.

“It’s a big change. We left an iconic place in our sport like Key Biscayne,” he said. “But at the same time, it’s good to see the innovation, it’s good to see the growth, and I hope that’s exactly what happens here.”