South Florida isn’t in Latin America — but it’s the best place for doing business there

South Florida Business Journal

by Kevin Gale

The business magazine America Economiahas ranked South Florida as the best place to do business in Latin America. My reaction? That’s pretty cool since the region isn’t really in Latin America.

It’s actually the fourth year in a row Miami has been ranked that way, a newsletter from the Beacon Council, Miami-Dade’s economic development organization says. (A close look at Economia‘s ranking tableindicates that it actually includes the entire region since the population listed is 5.7 million.)

South Florida was ranked first for infrastructure, regional platform for global business, corporate executive safety, corporate executive prestige, green city standards and best in executive salary to cost of living ratio.

Some of my thoughts regarding why Miami has this status are covered in our recent Brickell package (subscriber only):

The salary to cost of living ratio confirms why a lot of foreigners have been buyingcondos in the Brickell area. I’ve heard lots of stories about how places like Sao Paolo are even more expensive.

Miami obviously has some great infrastructure with PortMiami, Miami International Airport and a growing mass transit system. There’s also the comprehensive business professional infrastructure, including international banking and law.