Why Miami is Such a Powerful City

January 9, 2017

MiamiOver the past 10 years, Miami has evolved into one of the most powerful cities in the United States. It has plenty to offer and has become the home of new business headquarters, top executives and many others. Here’s a look at what makes Miami so powerful and important.

A Tech Hub

Booming tech and innovation in Miami has helped to set the city apart from many others. The first Innovation Center from Microsoft (in the United States) is located in Miami and many large-scale tech conferences are held throughout the city.

The Innovation Center will help many startups get up and running within the area. This will help to spur the entrepreneurial community, along with the booming technology in the area.

A Financial Hub

Miami ranks behind only New York City when it comes to the financial hub, according to The Business Insider. With more than 60 international banks and about 100 alternative investment companies, the Brickell Avenue area is quickly becoming the “Wall Street of the South.” Some have even started to refer to Miami as the, “Financial gateway to the Americas.”

Lower Taxes

Many businesses and wealthy individuals call Miami home due to the lower taxes. The state of Florida doesn’t have an income tax, while other states with powerful cities do.

Top City for Wealth

When it comes to wealth, Miami is near the top. The city has been identified by Forbes as one of the best places for careers and business. Miami has also been listed on the Top City In Wealth Report from Knight Frank and Ocean Drive Magazine identifies many billionaires living in the Miami area.

Incredible Architects

The architects in Miami are actually called Starchitects because they are known as some of the best in the world. Names, such as Norman Foster, Richard Meier, Enrique Norten and Rem Koolhas are all responsible for buildings in Miami.

Some of the projects from top architects include the 1111 Lincoln Road Parking Garage from Herzog & De Meuron, 1000 Museum by Zaha Hadid and The New World Symphony from Frank Gehry. The list goes on and many top world architects want to put their stamp on Miami.

Top Ranked Education

university-of-miamiIt takes incredible education for a city to truly be recognized as a global power. Miami provides a much improved public school system, along with one of the top universities in the entire country. The University of Miami has been ranked as one of the top 50 colleges in the US for many years and it’s ranked as the top school in Florida by National Magazine.

Along with the school system, South Florida is the 10th top spot in the nation for F-1 Visas, which are for academic students. Miami is also home to Florida International University, which is another top area university. There are seven universities/colleges in total and five law schools in the area.

The Public Schools were recognized with more National Magnet School of Merit Awards than any other school district in the United States. A total of 460 choice programs are offered with 102 total magnet schools. Some of the top private schools in the entire country, such as Ransom Everglades School, are found within the Miami area.

Large Population Growth

Incredible Culture, Shopping and Food

The culture ranges from events, such as Art Basel to museums and so much more. Along with incredible culture, Miami is known for the amazing luxury shopping and dining all throughout. It’s a haven for foodies and plenty of celebrity chefs are found throughout the many restaurants in Miami.

The Bal Harbour Shops provide the most lucrative shopping mall in the world, while Miami’s Design District is known as a top destination for both shopping and dining. Of course, the Brickell City Centre is another great place for both.

Developing Infrastructure

miami-transportationMiami has invested and continues to invest in the infrastructure of the city. The Port of Miami can accommodate megaships and the city even added The Port of Miami Tunnel under Biscayne Bay. Miami expressways are also receiving plenty of upgrades with the All Aboard Florida high-speed train connecting Miami and Orlando, along with the Miami Central Station.

Of course, the city has one of the finest airports, which is receiving a $6.4 billion facelift. New zoning codes will also allow for better neighborhood streets and walkability.

Amazing Beaches and Weather

Of course, who can forget about the amazing beaches and incredible weather. Miami is one of the top vacation destinations because of the weather and beaches found throughout.

Related: Top Questions Asked About Miami Downtown Condos

Major Sports

While Miami boasts NBA, NFL and MLB teams, they will soon be able to boast an MLS team, as well. David Beckham has met many road blocks while trying to bring MLS Soccer to Miami, but he says he will get the job done. This will give Miami four major sports teams, not to mention the many teams coming to the area for spring training baseball every year.

There are several reasons why Miami is such as powerful city. These are just the top reasons making it one of the top cities in the United States.

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