Miami has long been marked as the Gateway to Latin America. But with a revitalized urban core and a hot retail market, Miami is increasingly being seen worldwide as a global city.

Miami hit a tipping point, per se, a couple of years ago and the growth has yet to slow. With nearly 6 million residents and an economic output of more than $300 billion, Greater Miami is one of the largest economic regions in the US and the world. In fact, Miami is comparable to Singapore and Hong Kong, according to a study from the FIU-Miami Creative City Initiative.

“We already look at Miami as a major global gateway city,” Peter Muoio, chief economist at Ten-X, tells “It is a nexus for tourism and investment for Latin America owing to its large Hispanic population with cultural and language ties to the region. It also has major attachments to Europe, assisted by its attractive climate and beaches.”

As the study points out, Miami is the hub of the Southern Florida or So-Flo mega-region, extending to Tampa and Orlando, which houses 15 million people and produces more than $750 billion in economic output. That’s roughly the same as the Netherlands, making it one of the 20 largest national economies in the world.

With a coastal location at the southern tip of the eastern seaboard oriented toward Latin America and the Caribbean, Miami is now one of the 25 most important global cities, the report concludes. With its international airport and port, report authors say Miami is the economic and financial hub of Latin America and increasingly a gateway to Europe and the world.

“Southeast Florida’s three major airports have global connectivity, assisting in its gateway status,” Muoio says. “Interestingly, Miami can benefit from economic success in Latin America as wealth creation increases tourism and investment flows, as well as from turmoil in the region, as it offers a safe harbor.”


Source: GlobeSt.

Miami International Airport and FPL Services say they are undertaking one of the largest energy-savings programs ever in Florida – one that’s expected to create hundreds of jobs and save the airport more than $40 million in utility costs over 14 years.

MiamiAirport4 The companies officially launched the $32 million project on Tuesday and over the next two years, the airport will receive new energy-efficient lighting, air conditioning and ventilation upgrades, water conservation retrofits and other green initiatives. The energy-saving equipment is expected to reduce MIA’s carbon emissions by the equivalent of 5,110 cars and decrease water use by 28 million gallons annually. The installation phase will also create 300 jobs.

The Sustainability Project is expected to save the airport $2.2 million each year.

Miami International Airport, among the busiest airports in the world, has welcomed 21.9 million passengers from January to June. The airport is on pace to host more than 43 million passengers this year.

“As one of the largest energy consumers in Miami-Dade County, we are pursuing conservation measures like The Sustainability Project to be its most efficient consumer as well,” said Miami-Dade Aviation Director Emilio Gonzalez.

MiamiAirport3Its latest endeavor is among major upgrades the airport has been making in recent years, including its recently completed $2.7 billion North Terminal development program and its $6 million investment in 80 automated passport control kiosks to speed up lines for international passengers,

Its concessions also continue to be upgraded and along with more connections and added flights, and the airport is developing plans to rebuild its Central Terminal with work beginning after 2020.


Source: SFBJ

Miami International Airport added eight new carriers in 2014, which are expected to create 6,800 direct and indirect jobs in Miami-Dade County and generate business revenues of more than $830 million.

The study, by Martin Associates, assumes that the new carriers – two cargo and six passenger airlines – will operate at MIA for a full year. Finnair and Frontier Airlines, which launched in December, are included in the report.

With the addition of those airlines, the airport has 100 air carriers. Its overall economic impact is $33.5 billion.


Source: SFBJ