Miami Ranked a Top 10 American City for Business Foreign Direct Investment Magazine lists Miami as one of the top ten "Major American Cities of the Future
(Miami, FL - April 28, 2017) - Miami is once again being recognized as a top business destination with this most recent ranking by Foreign Direct Investment Magazine as one of the top ten "Major American Cities of the Future 2017-18." Greater Miami joined New York, Toronto and São Paulo as foreign investment friendly hubs throughout the region.
Helping to determine Miami's Top-10 classification are the following rankings.
- #5 foreign direct investment strategy,
- #6 connectivity,
- #9 economic potential and
- #10 business friendliness,
- #10 foreign direct investment.
fDi Magazine, a publication of the Financial Times of London, releases this listing every two years. A judging panel reviews data sets including cost effectiveness and connectivity, as well as trends and strategies to rank the cities. Along with recent investment wins, the publication considered the following:
- Miami International Airport's recent designation by the International Air Transport Association (IATA) as a Pharma Hub making Miami one of only two airports in the world meeting the stringent criteria in pharma distribution and handling.
- A growing innovation ecosystem with several established incubators, accelerators, co-working spaces, and coding boot camps (including one from Canada and one from Spain).
- The community-wide One Community One Goal strategic plan and its focus on high-growth sectors and talent development with the Miami-Dade County Public School system adding 59 new programs including cyber security and international supply chain management.
- Miami-Dade Beacon Council's focus on growing global investments with international economic development missions to European and Latin American countries including a recent mission to Spain, Miami's top foreign direct investment partner. Fifty percent of the companies assisted by the Council every year are international.
- Miami's international workforce, low business taxes, strategic location, connectivity and recent investments at the seaport and airport were also cited as reasons companies are investing in the County.
"It's wonderful to see validation for what we already know about Miami-Dade County -- that it is a successful, global business destination," said Sheldon T. Anderson, Interim President & CEO of the Miami-Dade Beacon Council. "We will continue to build on our business assets to ensure we maintain our competitiveness throughout the world."
About the Miami-Dade Beacon Council
The Miami-Dade Beacon Council is the County's official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 980 businesses that have created more than 65,000 direct jobs and added more than $4 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and shaping the local economy's future. For more information,visit