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The city of Miami consolidates itself as one of the most promising ecosystems of startups and businesses on the global scene. In 2024, it reached the 16th position in the Global Startup Ecosystem Report (GSER), a jump of seven positions compared to the previous year, standing out among the main innovation centers in the world. This achievement demonstrates the ability of Miami and Florida, in general, to attract companies and talents, offering a business-friendly ecosystem, with positive impacts on the local economy, especially in the real estate market.
“Exits” reach US$ 2 billion
The GSER report pointed out that the region, which includes the counties of Miami-Dade, Broward and Palm Beach, showed a significant growth in “exits”, reaching a total value of US$ 2.1 billion in 2023.
The expression “exit” refers to the “exit” point of a startup, that is, the moment it is sold, carries out a merger or opens capital through an IPO. The “exit” occurs when the startup reaches a stage in its life cycle that allows it to evolve into a new phase, marking its success as a business.
Striking examples of “exits” in Florida include the acquisition of Redzone Software for $885 million and the merger of Freightos, valued at $500 million. These large businesses strengthen the local ecosystem, attracting more investors and entrepreneurs interested in taking advantage of the region’s opportunities.
“Seed” and “Series A” increase by 10%
Exits are not the only reason for the success of the Miami ecosystem. Another relevant factor is the growth in the number of financings in the “seed” and “Series A” stages.
“Seed Money”, or “Seed Capital”, is the first significant stage of fundraising for a startup. It is, most of the time, the financing necessary to put the product or service on the market and still bear the operating expenses at this embryonic stage, even before the company makes a profit. Seed financing is used to validate the business idea, build a prototype or minimum viable product (MVP) and start forming the initial team.
“Series A” occurs when the startup has already proven its business model and needs capital to scale its operations, invest in marketing, sales and expand its user base.
Miami recorded a 10% growth in these financing rounds between the second half of 2021 and 2023, compared to the period from 2020 to 2022. This increase is remarkable, especially considering that many regions have faced declines. Venture capital activity in Miami reached a historical record of $5.8 billion in 2022, according to the analysis of the eMerge Americas Insights Report 2023.
Favorable Environment for Startups and Global Connection
Miami’s ecosystem also stands out for its strong global connection. Companies in the region maintain a significant presence in international markets, and the city has attracted startups from several countries, including Latin America, Europe and Israel. Local programs, such as those offered by Mana Tech and CIC, help international entrepreneurs establish their operations in Miami, promoting economic and cultural integration.
The proximity to global markets, combined with tax incentives and a cosmopolitan lifestyle, makes Miami a unique destination for startups seeking to expand their reach. This global connectivity, according to the report, positions Miami as a strategic city for companies that want to access new customers and knowledge of innovative business models.
It’s not just the tax conditions and the business-friendly environment that attract companies to Miami. In the new corporate dynamic, the quality of life of professionals has become an essential factor for strategic decisions. Miami offers unique features that are not found anywhere else in the world. It is the only first world city with a tropical climate, providing pleasant temperatures throughout the year. In addition, its beautiful beaches, excellent gastronomic scene, vibrant nightlife and wide cultural offer make Miami an attractive place to both live and work.
Training of New Talents: Corporate Environment Boosts Educational System in Miami
With the rise of technology companies, startups and large corporations, there is a growing need for highly qualified professionals, especially in areas such as STEM (science, technology, engineering and mathematics). This scenario creates opportunities for the development of specific programs that meet the needs of the market and strengthen the corporate ecosystem of the region.
Renowned universities, such as Babson College and Northeastern University, have already realized the potential of Miami and established units in the city. These institutions not only offer high-quality training, but also help attract students and professionals from around the world. In addition, the city is becoming a fertile ground for professional training initiatives, such as bootcamps and workshops, promoted by both startups and consolidated companies.
The educational transformation in Miami is a natural response to the growth of its business and innovation ecosystem. As the city invests in education, it strengthens its ability to attract even more companies and investors, consolidating itself as a global center of knowledge economy. This expansion also promotes a virtuous cycle: more companies generate more jobs, which, in turn, boost more investments in education and training. Miami is showing how a well-structured corporate ecosystem can shape not only the economic future, but also the social and educational future of a region.
Impacts on the real estate market
The business-friendly environment in Miami has a direct impact on the local real estate market. The arrival of new professionals, executives and their families, attracted by job opportunities and quality of life in Florida, drives a growing demand for real estate. This constant flow of people looking for housing puts pressure on the market, especially in a scenario where the inventory of properties does not grow in the same proportion. As a result, real estate prices follow a continuous upward trend, configuring a scenario of high appreciation potential. For investors, this dynamic represents a unique opportunity for solid and sustainable return in one of the most promising real estate markets in the United States.
About AMG international Realty
AMG International Realty is a global real estate company specialized in the Florida market, focusing on serving international customers. With years of experience and deep knowledge of the local market, AMG offers personalized support for those who want to invest in Miami and other strategic regions of Florida. Whether for the purchase of a residence, a second home or a profitable investment, the AMG team is prepared to connect you to the best opportunities in the real estate market. Contact me right now and chat with me on WhatsApp: + 1 305 761 2655 (Heloisa Arazi).
