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October 18, 2017

Business Florida 2018 - The Regions

Sailing Ahead

| 9/22/2017

Southeast

Miami-Fort Lauderdale overtook Austin in 2017 to become No. 1 for business startup activity among the nation’s 40 largest metro areas; on average, 560 residents per 100,000 here become entrepreneurs every month; 81% of them are driven by opportunity rather than necessity. (Kauffman 2017 Index of Startup Activity)

23% of southeast Florida residents are foreign-born and Hispanics are the most prevalent immigrant group, making up 68% of the population in Miami-Dade County alone. (U.S. Census Bureau)

  • Population / 6,762,235
  • Labor Force / 3,370,328
  • Households / 2,673,807
  • Total Earnings / $188.3 bil.
  • Median Per Capita Income / $67,096
  • Total Retail Sales / $119.05 bil.
  • Universities/Colleges / 19
  • Commercial Airports / 4
  • Seaports / 5

PortMiami was the world’s busiest cruise port in 2016, logging 4.98 million multi-day passengers, up 1.5% over 2015. Counts could soar even higher when Royal Caribbean Cruises opens a $200-million terminal to accommodate its largest cruise ships in 2018.

ECONOMIC ACTIVITY

Technology/R&D

SUNRISE Synechron has added 50 software developers and engineers to its workforce of 33 in Broward County. The firm employs more than 8,000 financial services specialists at its 18 offices worldwide.

HOLLYWOOD RMS International has relocated with 30 employees to the downtown business district. The global toy design/fabrication firm has working relationships with Disney, Marvel, Hello Kitty and other industry icons.

MIRAMAR Cable giant Comcast is adding 600 employees in Miramar as part of a nationwide effort to improve customer service. Comcast currently employs more than 30,000 workers in Florida and, since 1996, has invested more than $8.5 billion in technology and infrastructure in the state.

SUMMERLAND KEY Mote Marine Laboratory opened its $7-million International Center for Coral Reef Research and Restoration in the Florida Keys in May 2017. Built to withstand a category 5 hurricane, the 19,000-sq.-ft. center more than doubles the size of the facility it replaces, allowing Mote to expand the number, size and duration of its experiments aimed at protecting and restoring Florida’s coral reef.

Key Players

ADT | Boca Raton
Citrix Systems | Fort Lauderdale
Microsoft Latin America | Fort Lauderdale

Nova Southeastern University (NSU) opened its $80-million Center for Collaborative Research in September 2017 near NSU’s Health Professions Division complex on its Fort Lauderdale/Davie campus. The six-story structure houses commercial enterprises, incubators, the U.S. Geological Survey and six research institutes, including the AutoNation Institute for Breast and Solid Tumor Cancer Research, the Emil Buehler Research Center for Science, Technology, Engineering and Mathematics and NSU’s Institute for Natural and Ocean Sciences Research.

Tags: Business Florida

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