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Greg Brown

Guide to Doing Business in Miami

The Sunshine State's largest city is a great town for hungry companies


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Sand, sun and international flavor, plus mid-winter temps right at 70 degrees. No personal income tax, very low corporate tax. Those kinds of incentives have driven Miami to several million inhabitants and tens of billions in county-wide business receipts.

It's no retirement haven anymore, but the challenges of coming here are not to be taken lightly. Here's a guide with a dose or two of the reality of life on the beach.

With this guide, you'll learn:

1) How to get started
2) Who's who in business circles
3) Risks and advantages of relocating



Action Steps
The best contacts and resources to help you get it done

Dig up the numbers


Miami-Dade is a large place, and you'll need to be clear on where you might locate and the challenges or opportunities represented by each.

I recommend: Get started with the Census Bureau's quick facts page on Miami Dade. Then drill down wih the bureau's American Community Survey, weather history from CityRating and figures from the Bureau of Labor Statistics and plenty more, like housing and crime rates, from Housing and Urban Development.

Why Miami-Dade? Glad you asked


The county economic development agency, the Beacon Council, is a who's who of local and national business leaders and a great resource for learning more about the business climate.

I recommend: Specifically, see the council's page on tax incentives and consider ordering its printed guide to doing business in Miami. For quality of life, see how the area stacks up in Money magazine's annual cities-rated poll. Like many major metro areas of the United States, Miami has experienced a surge in home prices only now abating. Take cost-comparison data online with a grain of salt.

Getting started


You'll need permits and to bone up on taxes to make a fair comparison of the actual cost of starting up or relocating to Miami.

I recommend: Miami-Dade county government spells out business taxes clearly on its business Web site. The state's MyFlorida site helps with your obligations in terms of labor, environment, taxes and incentives to come to Florida.

Find suppliers, partners or clients


There are hundreds of companies in the greater Miami area. Many of them are large companies but the Miami office is often small, dealing with Latin America, Hispanic USA or both.

I recommend: The Greater Miami Chamber of Commerce makes its membership directory public, and county government keeps a links list to many chambers and trade associations. WorldCity, a trade publication, publishes an extensive guide to multinationals in the area and offers online access for a fee.

Get advice from local experts


Statistics can be bedeviling, and outdated. For a good grip on who matters and what issues concern local business leaders now, follow the active and professional Miami business press.

I recommend: Florida Trend, a statewide business magazine, maintains a site just for small business owners in the state. Some key business columnists from The Miami Herald include Cindy Krischer Goodman and Bea Garcia. The South Florida Business Journal covers companies closely.

Tips & Tactics
Helpful advice for making the most of this Guide

  • If you are traveling to Miami on business, the only realistic way to get around town is in a rental car. Taxis must charge fixed rates for certain routes, like from the airport to the convention center, but rates otherwise quickly outstrip rental fees.
  • The business times for business gatherings are fall and spring, when the weather is balmy and usually dry. Hotels books solid and big events -- like the Super Bowl or a NASCAR event -- can make finding a room virtually impossible.
  • Dress code is best described as "tropical business." A coat and tie is common in the finanical district but quickly shed. A guayabera, the traditional white, open cotton shirt worn in Cuba and other Caribbean countries, can pass for formal at a cocktail. A telltale sign of the clueless visitor is resort wear and loud colors.

The official source of Doing Business in Miami is the Miami Government page at Business.com

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