Top reasons why big businesses are moving to Miami
Miami is known for its beautiful beaches, warm weather, and diverse culture. However, in recent years, it has also become a popular destination for big businesses. Many companies have chosen to move to Miami, for a variety of reasons. So, before you decide on moving and contact your long distance movers Miami has to offer, let us explore the top reasons why big businesses are moving to Miami.
Main reasons big business move to Miami
Miami has it all. Nice weather, sandy beaches, diverse culture, thriving nightlife, and many other things. With all these, it’s no wonder it is called The Magic City. However, these are not the only reasons people choose Miami. Namely, Miami offers endless business options. Following are some of the reasons businesses move here:
- Tax benefits
- Strategic location
- Business-friendly environment
- High-quality workforce
- Culture and Diversity
- Life-work balance
- Real estate
- The overall quality of life
Big businesses are moving to Miami because of tax benefits
One of the primary reasons for big businesses to move to Miami is the state’s tax benefits. Florida is one of seven states in America with no state income tax. It means businesses can save significant amounts of money. Additionally, Florida has a lower corporate tax rate compared to many other states. These tax benefits are especially attractive to companies in high-tax states like California and New York. With this in mind, you can have an easier and more affordable move. Call your Pro Movers Miami and figure out what kind of budget you need for this relocation. You’ll be happy once you realize how much you’ll save over time in a tax-free Miami.
Miami’s strategic location is valuable
Miami is located at the crossroads of the Americas, making it an ideal place for international trade businesses. Miami port is one of the busiest in the world. It is handling over 1 million twenty-foot equivalent units of containerized cargo annually. The Miami International Airport is also one of the busiest in the country. It serves over 45 million passengers each year. This strategic location makes Miami an ideal hub for companies looking to do business in South and Central America, the Caribbean, and beyond. Big businesses are moving to Miami for this reason and many prospered once they did that.
Furthermore, if you are an owner of a successful and big business, we advise you to opt for a white glove moving service. Relocating such a business requires delicate handling and no one can do it better than a white glove moving team. This way you will shield yourself, your employees, and your business from any unfortunate events.
This is a business-friendly environment with a high-quality workforce
Big businesses are moving to Miami because it is more than a promising business environment. Miami has a business-friendly environment that is conducive to growth and innovation. The city has a robust startup ecosystem and is home to many business incubators and accelerators. On top of it all, the local government is committed to creating a welcoming business environment. It offers incentives and support to help companies grow.
Furthermore, Miami has a highly educated and diverse workforce. This makes it ideal for companies looking for top talent. It is home to several prestigious universities, including the University of Miami and Florida International University. Additionally, Miami’s diverse population means that companies can easily find employees who are fluent in multiple languages.
The lifestyle and culture
Miami’s lifestyle and diverse culture make it an attractive place for both businesses and employees. The city has a thriving arts scene, world-class dining, and vibrant nightlife. And of course, Miami’s warm weather and beautiful beaches make it a desirable location. This makes Miami a truly unique place. Here, families with children, singles, young professionals, as well as experienced entrepreneurs enjoy life to the fullest. In such an environment, your business is bound to grow.
Affordable real estate is another reason why big businesses are moving to Miami
The median home price is $660.000. However, renting is a bit higher and starts from $2.000 and above. Compared to other major cities in the US, these are still relatively affordable real estate prices. This makes it an attractive place for businesses looking to expand. Moreover, the city has several new development projects in progress. They offer even more options for businesses looking for office space. With such a high demand for office space and services, you can only imagine how busy construction and development companies are. Obviously, this works to your advantage. The already thriving market is expanding, making more room for new businesses, products, and services.
By now you should probably be ready to start planning with your commercial movers Miami. Just make sure to find an appropriate office space. So, secure the location, prepare the budget, call movers, and start packing. Miami awaits!
Quality of life
On top of it all, Miami offers a high quality of life for both businesses and employees. It has a low cost of living compared to other major metropolitan areas. But it is still 20% more expensive than the national average. It is Miami after all, one of the most popular places in the world. You can expect to pay around $2k for rent and around $450 for bills. This will put you on a $3k monthly expense. However, this may vary depending on your lifestyle. And Miami’s warm weather and beautiful beaches make it an ideal place for those who enjoy an active lifestyle. It is known for its welcoming and inclusive culture. All in all, Miami has something for everyone.
Move your business to Miami
These are the main reasons why big businesses are moving to Miami. It offers a range of advantages for companies looking for growth. Also, its high quality of life makes it attractive for both businesses and employees. As a result, we can expect to see more big businesses making the move to Miami in the years to come. So, wait no more. Contact us and move here. Our Miami movers will handle your move in no time. Have a seamless move.
Cost of Living in Miami, FL | PayScale. (n.d.). Www.payscale.com. https://www.payscale.com/cost-of-living-calculator/Florida-Miami