Miami’s Advantages for Small Business

Posted by Rebekkah On June - 17 - 2013 0 Comment

With the help of our friends at Ritter’s Printing, a successful Miami printer (website at www.rittersprinting.com) we’ve assembled some of the best reasons to run a business in the Miami area. Whether you’re thinking about starting up a new business or service from scratch, or transplanting an existing business, one of the first places to seriously consider is the Miami area. Here are four good reasons:
1. The weather is great! It’s been justly said that a winter day in Miami is like a summer day in the Northeast, and that’s not an exaggeration. A saying that you hear from Miami residents is “We live where people vacation,” and it is true, visitors keep coming back to the area for many reasons, not the least of which is the fine weather.

2. There is an excellent business climate. You’ll find abundant incentives and resources if you check into programs like the Enterprise Zone or the Empowerment Zone, available through the City of Miami and other governmental and business agencies. These programs were designed to help create local economic development using financial incentives from the Federal Government. Between 2004 and 2007 Miami enjoyed a small business growth-rate of 6%, outpacing the rest of the country’s metro areas which averaged 5.3%. In 2009 Miami was rated one of the very finest cities in which to launch a new business, according to CNN.

3. The workforce is educated and largely bilingual. It is estimated that half the population in the Miami area speaks at least two languages and many potential employees speak even more. The multi-ethnic diversity of Miami comes from where it is located, making it a favorite place to visit for not only North Americans, but also for many Central and South Americans as well. The availability of so many bilingual workers means that you don’t have to be conversant yourself as long as you hire people who are.

4. Miami is a vital and energetic portal. Besides for their port-of-call status for many tourist and cruise vessels, Miami is a true business hub where goods flow in and out on a regular basis. If your business involves either shipping or receiving of products, Miami’s location makes that an easy consideration.

Depending on the nature of your business, there are bound to be further considerations, but keep these four facts in mind: The weather is glorious, it’s a very pro-business environment, it has a good available workforce, and it’s located at a crossroads of goods and services. So come on in, the water’s fine!

Image courtesy of Adam Mizrahi on Flickr

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