Miami ranks near the top for business growth, study says
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.
But, despite the positive outlook for business, the Magic City still lags when it comes to employees’ income. Miami ranked 42nd in income growth, at an annual rate of just 1.3 percent during the same time period.
The study by the Miami Urban Future Initiative – a joint initiative of Florida International University and Creative Class Group – was presented Thursday at an event hosted by the Miami-Dade Beacon Council. The event, Miami and the New Localism, discussed the source of Miami’s economic advantage.
Read More on: South Florida Business Journal