Miami-Dade County’s international potential, growing infrastructure and vibrant economy are a few of the focal points covered by the newest edition of the Invest: Miami series from Capital Analytics Associates.
Real estate is once again a major focus, as the sector continues to experience interest from new international markets, and the need for affordable housing has encouraged developers to be creative with Miami’s limited developable land. Trade, tourism and logistics are covered in detail as they continue to be major economic drivers in the area, especially given Miami’s strategic location in the western hemisphere. The 2018 edition also takes a closer look at North Miami and the City of Miami, investigating the investment, development, education and economic promise these areas offer. This publication from Capital Analytics Associates is a 196-page economic analysis that highlights business opportunities for investors, entrepreneurs and innovators alike.
The official launch of the publication took place on June 19, 2018, at the Hyatt Regency Downtown. Following the networking breakfast, the event consisted of a keynote, two panel discussions and a fireside tax chat.
To kick things off, Mayor Suarez gave the keynote address and celebrated some of the recent achievements of Miami’s economy, noting that Capital Analytics is “providing an invaluable service for the city.” He also discussed the seemingly boundless potential Miami has compared to older cities around the world.
The first panel focused on the different neighborhoods that make up Miami’s unique character and was moderated by Manuel Crespo from Greenspoon Marder. The panel featured Arden Karson, senior managing director at CBRE; Albert Garcia, vice chairman of Wynwood BID; Larry Spring, city manager of North Miami; and Greg West, president and CEO of ZOM Living. The group talked specifically about how important transportation is to development and the impact Brightline has had on reshaping and revitalizing Downtown.
Next, Robert Moore, managing partner of Baker McKenzie, and Michael Custer, tax principal at Kaufman Rossin, discussed the implications of the historic tax legislation passed in December 2017. The two tax experts spoke about how the recent legislation has and will continue to impact business in Miami-Dade, as well as the potential for many South Florida business to reconsider pass-through versus traditional corporate structure in light of the new regulations.
The final panel focused on public-private partnerships, or P3s, and was moderated by Attorney Andrej Micovic from Bilzin Sumberg. The four-member panel featured Christopher Hodgkins, CEO of the Miami Tunnel and the Miami-Dade County Public-Private Partnerships Task Force; Humberto P. Alonso Jr., vice president and senior regional business development and sales director at Atkins North America; Jonathan Bullock, vice president of corporate development and government at Hotwire Communications; and Art Noriega, CEO at the Miami Parking Authority. While discussing the challenges of these partnerships, Hodgkins commented that “construction projects are like meetings in Miami: everyone is late,” which educed a hearty laugh from the crowd.
The event was well attended by over 200 VIPs from industries ranging from real estate to healthcare. The Cuban coffee and conversation were flowing. Capital Analytics is proud to bring these discussions and engagement to the Miami business community and is looking forward to doing it again for its five-year anniversary in 2019.