Miami is famous the world over for its sunshine, its beaches, its warm and welcoming nature, and its aesthetic appeal, which is why so many people visit every year. Many of those visitors love it so much that they decide to make a new home in “the magic city“, and that can be a smart move for those who are looking to start or grow a business. Finding the right location can be a significant boost to your chances of corporate success, so here are just three of the reasons why many smart entrepreneurs are relocating to Miami.
1. Hitting All The Right Metrics
Some cities bring benefits to businesses in some areas but not in others, but that can lead to problems further down the line. Miami, on the other hand, ranks highly in all the important metrics, which is why an in-depth report by WalletHub placed it in the top ten percent of all American cities to do business in, and in the top half of all their categories. Miami places fifth out of 180 cities when it comes to labor costs, and this should be a major consideration for all startup business owners and those in search of growth, as it means that early overheads can be kept down while still getting the skilled staff that you need.
2. A Ready Workforce
Miami is one of the fastest growing cities in American history. From a population of around a thousand people in 1896, it’s now home to more than five and a half million, and that means that there’s a large and ready workforce just waiting to be found. It’s a city that prizes hard work and entrepreneurialism, and whilst labor costs can be significantly lower than in many other cities (as we’ve just seen), its population is highly skilled and educated. There are over 200,000 students enrolled in universities in the city, and that means that it’s not only a vibrant and exciting place to live, it’s also a place with a large number of graduates who possess all the knowledge and skills that a modern business needs.
3. A Marketing Paradise
Effective marketing is essential for any business, and one of the best ways to do this today is through the use of social media and visually arresting websites. Sun-kissed Miami is one of the world’s most beautiful cities, and so it lends itself perfectly to photography and video. It’s also home to leading media, film, and marketing experts such as Beverly Boy Productions, a Miami production company who are specialists in the filming and production of corporate videos. Great looking videos help to get your brand message across, and they’re perfect for sharing on social media, websites, and platforms such as YouTube.
With a large and skilled workforce, low labor costs, tax incentives, and video production experts right on the doorstep, it’s little surprise that more and more companies are thinking about making Miami their new home. It’s a great place to live too, of course, so after the hard work of running your successful business, wouldn’t it be great to take a ride down to Miami South Beach and feel the sand beneath your toes?