Downtown Miami is the destination for global business. A thriving business sector, cultural center, an active and vibrant urban community are all fueling residential, retail and commercial development in the downtown core.
Firms strategically choose Downtown Miami to be a part of our City’s iconic epicenter status. Here is where worlds meet, social entrepreneurs gather, and where the Americas are centered. We are home to over two-dozen consulates and half-a-dozen international chambers of commerce –and still growing. We are a major world city – part urban enclave, part business destination – set in a tropical waterfront paradise.
Those who already call Miami home know Downtown is Miami’s business mecca.
One of the important economic drivers in Downtown is the finance sector. Downtown Miami is home to over 60 international banks, and there are over 9,000 jobs in finance and insurance in greater downtown, with over 3,000 of those in banking. In 2012 it was noted that investment firms, hedge funds and family offices are moving their organizations or expanding their presence to South Florida to better access Latin American capital and markets. Downtown Miami is now home to nearly 100 alternative investment companies, and in May 2013, Miami made Forbes’ list of cities “stealing finance jobs from Wall Street.”
The Miami DDA supports the continued development of the technology ecosystem by supporting events and providing connections within the industry. In late 2012 the Board of Directors made a significant investment into the expansion of the UM LaunchPad (Venture Hive) startup accelerator and co-working space. To date Venture Hive companies have created over 130 new tech jobs in Downtown Miami, and recently became the center for a new internship program for Miami-Dade high school students.
New and Existing Businesses
The Miami DDA promotes a strong Downtown Miami economy by supporting corporate and retail business development, attracting real estate investment, strengthening industry clusters and encouraging innovation. We meet with over 30 companies per month to assist with expansion or relocation in Downtown Miami. We also provide reports and presentations on economic and demographic data, industries and communities to support business growth and investment.
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