Miami, 44th most dynamic city with 7,2 million inhaibitants in 2025

[spellbound]

I'd give Miami the edge over Houston in terms of public transit but the honest answer is that neither city is very impressive in that category.

I would add that Houston is even more in dire need of transit expansion due to the tremendous, unabated population growth there but they are in the same boat as everyone else with the lack of federal funding.

[ftlauddude]

Originally Posted by UMdev

Houston and Dallas right now are leading the nation in terms of job growth. Houston is number 1 at 3.2% and Dallas is number 2 at 2.1%. Miami is close to the bottom at 0.5%.

Well that's out the question. It's obvious that they're heading in a bettter direction that us in that aspect due to the fact that the oil market is way more powerful than tourism. Although it's volatile! One day it could be good, and the next it could be really bad due to the fact that the prices of crude oil fluctuate constantly.

Originally Posted by spellbound

I'd give Miami the edge over Houston in terms of public transit but the honest answer is that neither city is very impressive in that category.

I would add that Houston is even more in dire need of transit expansion due to the tremendous, unabated population growth there but they are in the same boat as everyone else with the lack of federal funding.

Yup! You're right about that!

[bale002]

Originally Posted by PeterSmith

I am optimistic that Miami will keep growing. I think it's a bit more uncertain what will be driving that growth. So many of our industries - finance, tourism, construction, and our port - are tied to foreign economies. We could emerge as the financial hub of a increasingly wealthy Latin America... or we could find ourselves sidelined as a third or fourth tier hub behind Sao Paulo, Mexico City, Santiago, etc. There will be a lot of opportunity, but just how much there is and how much of it we can grasp is still up in the air, I think.

The list defines dynamic as absolute GDP growth over the next 12 years.

To be sure, international trade (our port) is the main engine of Miami's growth, and all the financial, accounting and legal services that revolve around it, as well as construction and real estate, including the commercial real estate that serves international trade, and all the financial, accounting and legal services that revolve around that.

It should not be a surprise, then, that Miami is also Latin market headquarters for some 1,500 multi-nationals.

Plus it is, to some extent, a wealth management center for both US retirees/semi-retirees and wealthy Latin Americans, and it draws some Europeans as well, especially to mid-downtown/Brickell/Miami Beach condos, as well as Coconut Grove, Coral Gables and even as far south as Dadeland and Pinecrest (people often exaggerate the importance of tourism, it accounts for about 10% of Miami's GDP, still a significant slice, but it deserves no more than a parenthesis).

As an aside, interesting is that, as a single city, Tokyo is number one by absolute GDP and is projected to remain number one, and its nearest rival, but by a significant distance, is New York. Also interesting is that in the Mediterranean region, the only cities to make the list are Istanbul, and at a high level (also Ankara), and Tel Aviv-Jaffa.

Back to Miami, worth noting that Sao Paulo is the number one non-Chinese city on the list and, altogether, Brazil has four cities on the list. Also worth noting are Buenos Aires, Lima, and Santiago.

In the US, Miami's most direct rivals are Houston and Atlanta (Savannah, also Jacksonville and Fort Lauderdale in terms of ports), also Dallas, and to a lesser extent up the east coast also New York, Washington, and perhaps Philadelphia, and indirectly Los Angeles.

Perhaps also worth noting is that since the Patriot Act about a decade ago, Miami has lost ground as a wealth management center, in favor of places like London and Caribbean or other European destinations.

Finally, I do not see Cuba mentioned in any way on this list or in this discussion.


With the above in mind, I have some ideas, but what in your view are some of the areas that Miami should focus on, not limited to transportation infrastructure, and what are some of the obstacles, including the mindset of the city's political leaders?

[Karabuy]

Avante São Paulo !!!!

[1772]

What?