Robust Economy
A dollar invested in Miami yields more than a dollar invested in other places. Why is that? Simply put: few places can boast the same advantages and unique structural foundations as Miami.
Built for Speed and Scale
Miami boasts a dynamic corporate landscape, unparalleled diverse workforce, pro-business tax framework, world-ranking educational institutions, and exceptional quality of life are only some of the reasons why businesses large and small, from mid-market companies to Fortune 500 leaders, have set up shop in Miami.
$219B
Total GDP
With a gross domestic product of $219B, Miami-Dade ranks first as the county with the highest GDP in Florida, making up 14% of the state’s total GDP, and the fourteenth in the US. The county’s economy is roughly the size of Greece.
2.7M
Population
At 2.7 million people, Miami-Dade is the most populous county in Florida, accounting for approximately 12.2% of the state’s population and ranking seventh nationally.
63.8%
Labor Force Participation
The labor force participation is 63.8% (1.4M people), and the county stands above national (62.7%) and state (58.8%) averages.
6.7%
Job Growth
Equally remarkable is job growth in the county, which registered a 6.7% increase between 2018 and 2023, outpacing the national job growth rate by 3.1%.
Epicenter of Latin American Commerce and Culture
Miami’s economy is powered by a diverse range of industries including international trade, finance, tourism, and a growing technology sector, positioning the city as a dynamic economic hub and a gateway for global business.
A Hub for Foreign Businesses
Miami ranks as the sixth-best U.S. city for foreign business. With 58.3% of residents born outside the United States, international companies leverage the city’s global connections to establish operations in the Americas.
Miami’s Unique Continental Position
Miami serves as a strategic bridge between Latin America, the Caribbean, and the U.S., giving it unmatched geographic and economic value. The city’s location enables efficient cross-border commerce and connectivity.
Capital of the Americas
Miami is more than a gateway to the Southern part of the Americas, it is the one undisputed capital of Latin American commerce and culture. 43% of all flights from the United States to South America are handled by Miami’s Airport. Around 2.7M residents (70% of the population) are of Hispanic heritage.
Unmatched Connectivity and Trade with Latin America
The county’s Data Centers have been key to spreading digital access across Latin America: more than 90% of the region’s data passes through Miami. In addition, more than 70% of Florida’s exports go to the southern region of the continent.
A Booming Hispanic Business Ecosystem
The city hosts 1,200 multinational corporations operating Latin American headquarters and 30% of Miami-Dade businesses are Hispanic-owned, providing a robust foundation for entrepreneurship, investment, and economic growth.
A Connected Economy Across Industries
Harnessing these incredible demographic and geographical assets, Miami has been able to diversify its economy and become a leader in a variety of private sectors.
Aviation & Aerospace
Trade and Logistics
Miami is the number one trading partner with Latin America and the Caribbean: one-third of all of US exports to Latin America come from Miami. At the crossroads of the Americas, Miami’s trade ecosystem is powered by its multicultural workforce and deep international ties, enabling businesses to scale across borders with confidence. There are 30,000 direct local jobs, and 340,000 jobs being supported by the larger trade and logistics industry in Miami-Dade County.
Finance
Technology
It is a truism that Miami is a Capital for Startup Capital, but the numbers are still there. With 2,500 startups, 90,000 jobs, and 6+ unicorns, the whole startup ecosystem has been valued at $95B. Driven by ambition and a future-focused mindset, Miami’s tech ecosystem empowers founders and innovators to move fast, think big, and make a global impact.
Life Sciences & Healthcare
Miami has positioned itself as a key player in the life sciences and healthcare field, focusing on biotechnology, pharmaceuticals, medical devices, health tech, and healthcare services. With a diverse talent base and global reach, the sector continues to advance breakthrough solutions that improve lives across the Americas and beyond.
Blue & Green Economy
Offering great labor conditions and above-average wages, green jobs in Miami are growing at an exponential rate thanks to the Climate Action Plan led by Miami-Dade County. Environmental issues are top of mind for the city, and accordingly, the local government is spending $330M a year in industries that are part of the green & blue economy. This commitment reflects Miami’s resilient, forward-looking spirit, where innovation and sustainability come together to shape a vibrant and climate-ready future.
Top Companies
Miami-Dade County’s rapidly growing economy attracts hundreds of new companies each year. From innovative startups to global corporations, the following twenty businesses represent just a glimpse of the city’s dynamic and diverse business landscape.
How can we help?
Whether you are looking to relocate or expand, we can help. Contact our world-class economic development team to learn more.