Miami leaders highlight key sectors embracing innovation and technology at the launch of Invest: Miami 2019
Miami, FL May 24, 2019 – The disruption of innovation and technology in local key sectors such as real estate, infrastructure, healthcare and education were some of the focal points of the fifth edition of Invest: Miami 2019. The official launch of the publication took place on May 23, 2019, at the Miami Dade College Wolfson Campus with over 350 people in attendance. This publication from Capital Analytics is a 192-page economic analysis that highlights Miami’s economy, key sectors and opportunities for investors, entrepreneurs and innovators. Miami’s real estate, tourism and trade and tech sectors, and the growth of the City of Miami, City of Doral and City of North Miami were among the focus points of the publication.
Jamal Sowell, President and CEO of Enterprise Florida Inc. (EFI), gave the keynote address, highlighting the influx of businesses to Miami and the state, as well as how the EFI makes sure they support the local workforce and organizations. “We try to anticipate what employers need and the trends in business. We are defining the talent pool needs for the next five, 10 and 50 years. The people you hire in Miami and South Florida need some basics skills that our talent pipeline should be developing. My job is to anticipate those needs and help shape the state policy to make sure we have put a premium on those strategic skills that we need for the future,” Sowell said.
Following a networking event, Capital Analytics hosted three in-depth discussion panels that addressed Miami’s real estate, education and healthcare and infrastructure sectors from an innovation perspective.
The first panel discussed some of the innovative trends in Miami’s real estate sector as well as ways the industry is including the latest emerging technologies. The panel was moderated by David Diestel, Regional President, South, for FirstService Residential. Panelists were Andrew Burnett, Senior Principal of Stantec Architecture; Carlos Chuman, Director of Finance and Asset Management for Riviera Point Invest + Develop; and Scott Lunine, Vice President and Regional Manager for Marcus & Millichap. Burnett discussed the growth of the local aging population and how architects will need to reshape their approach to the senior market and provide a more diversified product. Chuman noted essential innovations and tech tools a developer must have. And Scott spoke about how real estate brokers are addressing the needs of the new generations and new investors.
The second panel addressed the impact of new technologies in Miami’s healthcare and education sector, as well as efforts of local academic institutions to draw and retain top talent. The panel was introduced by Donna Ginn, Executive Council President of AARP Florida, and was moderated by Jack Miller, Regional Director of Capital Analytics. Panelists were Henri Ford, Dean and Chief Academic Officer of UM Miller School of Medicine; John Wensveen, Provost of Miami Dade College; Kate Black, shareholder at Greenberg Traurig; and Johannes W. Vieweg, Founding Dean of the College of Allopathic Medicine, Nova Southeastern University. Ford and Vieweg spoke about ways innovation is helping to keep recent graduates in Miami. Black highlighted innovative and emerging models of healthcare research and delivery that are trending among Miami’s health companies. And Wensveen explained how MDC, as a community and institution, is using innovative tools to train and retain talent.
The final panel focused on technology and innovation to meet infrastructure needs in Miami. The moderator was Steven Zelkowitz, Managing Partner of Fox Rothschild Miami office. Panelists were Carolyn Bermudez, Vice President and General Manager of Florida City Gas (FCG); Manuel Pila, Economic Developer of the City of Doral; Marlon Hill, member of the Board of Directors of Miami Parking Authority (MPA); and Luis Lugo, Senior Vice President of Hill International. Bermudez pointed out how FCG has improved its gas delivery system and that it has replaced and relocated older pipes with technologically advanced plastic pipes. Pila spoke about the City of Doral’s innovative transportation initiatives and ways cities and counties work together to create better connectivity. Lugo noted recent local growth in aviation, rail, transit and infrastructure projects. Hill explained ways the MPA is adapting to changes in the industry due to new technology.
“This is an exciting time to be in the Miami-Dade area as both the domestic and international profile of the city and region continue to rise and as we see a growing hunger to invest and the ever-increasing diversification of what Miami offers to both well-established organizations and to the entrepreneurially-minded,” said Miller in opening remarks for the event.
CAPITAL ANALYTICS LAUNCHES THE FOURTH EDITION OF INVEST: MIAMI AT ANNUAL LAUNCH CONFERENCE 2018
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.