Miami Ranks First in the U.S. for Foreign Born Residents and International Cargo
MIAMI, May 30, 2018 /PRNewswire/ -- Miami ranks first among large U.S. metros for the share of its residents who are immigrants (41% of the population), placing the metro ahead of San Jose, L.A., and San Francisco, according to a new research brief from the FIU + CCG | Miami Urban Future Initiative (MUFI). The report also finds that Miami ranks first among large U.S. metros according to the amount of merchandise goods, commodities, and cargo that it transported internationally in 2016 ($1.5 million tons).
"With its enviable location, prominent international airport, and major port, Miami now serves as an economic hub for Latin America and a gateway to the rest of the world," explains Richard Florida, Visiting Fellow at the FIU Miami Urban Future Initiative. "Miami is quickly taking its position as a dominant global center, ranking among the top international cities."
The following are some of Miami's key global strengths:
Miami's people make it global. Miami ranks second according to its share of residents who moved to the metro from outside the U.S. (1.9%).
Miami's educated and high-skill workforce is critically dependent on foreign-born talent.Miami ranks second among large metros according to the foreign-born share of residents with a bachelor's degree or above (41.4%).
Miami is an export powerhouse.Miami ranks seventh among large U.S. metros according to its exports, having exported $33.3 billion in goods and services.
Miami's airport is a global advantage.Miami ranks second among large U.S. metros according to its number of international passengers, behind New York.
Many foreign-owned businesses call Miami home. With more than 2,500 foreign-owned business establishments, Miami ranks alongside Atlanta, Philadelphia, and Washington, D.C.
Workers of the Hudson's Bay in Kamloops, B.C., have escalated their efforts to end the ongoing strike that began on Dec. 10, 2023. In a bold move, members of the United Steelworkers union (USW) have launched a nationwide campaign targeting customers...
Anthony J. Gabello, President and Chief Executive Officer of Peoples Ltd. , holding company for PS Bank, has announced results for the first quarter 2024....
Ledyard Financial Group, Inc. (the "Company", OTCQX: LFGP), the holding company for Ledyard National Bank (the "Bank"), today announced financial results for Q1 2024. The balance sheet growth in the quarter is evidence of the Company's unique...
Gustavo Manriquez, Chief Executive Officer, Banco Macro, Argentina, and his team joined Guillaume Legare, Head, South America, Toronto Stock Exchange, to open the market and celebrate the 2024 Banco Macro Mining Conference.
The 3rd annual Banco...
S&T Bancorp Inc. , the holding company for S&T Bank, today announced its inclusion in the Forbes list of America's Best Banks. The annual ranking, which was recently published on the Forbes website, is based on metrics measuring growth, credit...
BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, is excited to announce a significant milestone in its growth journey. The company recently relocated its headquarters to a state-of-the-art building...