Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment

By Mira Wilkins | Go to book overview
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Chapter 7
Regions

SOUTH FLORIDA

South Florida has the heaviest concentration of population in the state and the most non-U. S. investment, with the largest number of stakes in the Miami area. Miami views itself as an emerging international center. Its airport is second in the United States only to New York's in amount of international traffic. There are direct flights from Miami to Latin American and Canadian cities, as well as to Madrid, London, Paris, Amsterdam, and Frankfurt. The Latin community in Dade County provides bilingual personnel, Cuban and Spanish cuisines, and Hispanic culture.

Coral Gables (a part of Greater Miami) has sought to attract the administrative regional headquarters of U. S. and non-U. S. multinationals. The city is excellently situated as a locale for supervising Latin American business; in terms of proximity and transportation connections, Coral Gables is to Latin America as Hong Kong is to the Far East and Brussels is to Europe. The Greater Miami Chamber of Commerce is a sponsor of Miami's new trade zone (to be the largest in the United States), which is discussed later in this chapter.

Miami seeks to become a major center for international trade and investment. It has proven to be a magnet for non-U. S. investments in land and real estate, construction, manufacturing, retail and wholesale trade, transportation services, insurance, and banking. 1 While Miami observers often pay special atten

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