Because of its proximity to Latin America and concentration of Latino immigrants, Miami has always been a hub for businesses operating in both the U.S., Brazil, and other countries south of the Equator.
The entire South Florida region, which includes Miami, Fort Lauderdale and Pompano Beach, is number two on the Kaufmann Index of Startup Activity for both 2015 and 2016.
Blackstone Labs call itself “The Hardcore Holy Grail of Bodybuilding Supplements.” Its products retail for $50 and up online.
Tribeca Marketing Group specializes is a full-service marketing agency for higher education. Their agency sits at #20 on this year’s Inc. 5000 list. Their portfolio includes landing pages, websites, and campaigns for a variety of colleges and schools.
Many factors make Florida a great place to start a business. Two key reasons are the low cost of operation and availability of low-cost labor.
Unlike major cities like New York or Los Angeles, the cost of living in Florida is relatively low. The combination of low rents, no sales tax on essential items like groceries, and no state income tax means that cash-strapped entrepreneurs can keep their living costs at a minimum and reinvest profits in their fledgling businesses.
Commercial space rents at a fraction of the cost of other areas, making it much easier to expand.
Lower cost of living also means that workers can afford to live on smaller salaries.
Florida is not only a wonderful place to start a business, but a great place to live. Year-round sunshine, beautiful beaches, and its international appeal combine low-cost living with high class amenities.
Even though the cost of living is low compared to other areas, there are pockets of luxurious homes available and plenty of opportunities for upscale living.