Businesses in Miami are growing at one of the fastest rates in the country, according to a new study by the the Miami Urban Future Initiative.
Among all large U.S. metros, Miami ranked eighth in annual business establishment growth between 2010 and 2015, at 2 percent – more than double the national average, the study said.
In its latest research report, “Benchmarking Miami’s Growth and Competitiveness,” MUFI evaluates Miami’s growth and competitiveness compared to 52 large U.S. metros with more than one million people.
The following research brief from the Miami Urban Future Initiative provides a data-driven assessment of Miami’s status as a global metro, comparing its performance in recent years to all 53 of America’s large metros with populations of more than one million people.
This research brief provides a data-driven assessment of the economic growth and competitiveness of the Miami metro, comparing its performance in recent years to all 53 of America’s large metros with population of more than one million people.
In February, MUFI held it’s 2nd event hosted by ULI Southeast Florida/Caribbean gathering a panel of researchers, real estate developers, and economic development agencies at the new Arts & Entertainment District—the latest neighborhood to emerge as a cultural destination for city residents—to address these persistent challenges and offer some solutions for driving more inclusive development by attracting a creative class.
The Miami metro—which spans Miami-Dade, Broward, and Palm Beach counties—is an aspiring hub for entrepreneurship and innovation. While Miami has long been a breeding ground for small businesses, the economic value of these businesses has historically trailed behind that of leading tech hubs like the San Francisco Bay Area, Austin, Seattle, and Boston-Cambridge. But the tide appears to be turning in Miami’s favor.The following research brief from the Miami Urban Future Initiative provides a data-driven assessment of the economic growth and competitiveness of the Miami metro, comparing its performance in recent years to all 53 of America’s large metros with populations of more than one million people.
The report, Benchmarking Miami’s Talent Base, is the latest in a series of research briefs produced by the FIU-Creative Class joint venture. The multi-year initiative was underwritten by the Knight Foundation to help local business and civic leaders learn more about where Miami stands in comparison to other U.S. cities in fostering the sort of knowledge-driven occupations necessary to compete in the modern economy.
FIU + CCG |MIAMI URBAN FUTURE INITIATIVE RESEARCH BRIEF: Benchmarking Miami’s Talent Base. In its latest research report, “Benchmarking Miami’s Talent Base,” MUFI evaluates Miami’s human capital assets compared to 52 large U.S. metros with more than one million people. Supported by the John S. and James L. Knight Foundation, the report specifically examines Miami’s creative workforce, educational attainment levels, and share of students, faculty, and college and university graduates.
Greater Miami has experienced remarkable economic success in recent years. The metro area—which spans Miami-Dade, Broward, and Palm Beach counties—is now the eighth-largest in the United States, with around 6.1 million residents and economic output that exceeds that of many nations. As a symbol of Miami’s dramatic growth, its downtown has been stunningly transformed into a bustling area featuring new restaurants and hotels, an expanding cluster of startup companies, and a twenty-first century skyline of high-rise offices and condo towers.
