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Latest in Business & Finance

More Brazilians visit Miami but spend 15% less

Brazilians are still number-one internationally in total visits to Miami, a fact that hasn’t changed during Brazil’s current political and economic turmoil. What has changed is what they’ve been spending here – the Greater Miami Convention…

Miami-Dade wages trail the nation by 7%

Miami-Dade wages trail the nation by 7%

Miami-Dade wages trail the nation by 7%, a US Bureau of Labor Statistics study revealed last week. Hourly wages here averaged $21.70 versus $23.23 nationally. The 7% gap, however, masks…

Blumberg Grain contracting for 500 granaries in Egypt, Algeria

Blumberg Grain contracting for 500 granaries in Egypt, Algeria

Coral Gables-based Blumberg Grain has struck agreements to contract with Egypt and Algeria for monumental projects in developing one of the world’s largest food security systems to help the governments…

Wynwood’s alcohol permits running dry

Wynwood’s alcohol permits running dry

To propel their neighborhood even further on the path of being an entertainment venue, members of the Wynwood Business Improvement District (BID) last month discussed changing the way alcohol permits…

Fund bets counter to US trade embargo against Cuba

Fund bets counter to US trade embargo against Cuba

In anticipation of the era when the US trade embargo against Cuba is a thing of the past, Thomas J. Herzfeld’s Caribbean Basin Fund has been packing its portfolio with…

Macy’s says it will continue operations at its downtown Miami location

Macy’s says it will continue operations at its downtown Miami location

Macy’s says it will continue operations at its downtown Miami location in the wake of losing a potentially prime new location in the 27-acre Miami Worldcenter mixed-use project scheduled to…

Hotel room rates for the Miami area nation’s highest

Hotel room rates for the Miami area nation’s highest

Hotel room rates for the Miami area in the first quarter were the highest in the nation, allaying fears that the industry might face room-rate pressures due to an explosion…

Zipcar adds locations and grows fleet

Zipcar adds locations and grows fleet

While one car-sharing company has closed up shop in Miami, another has grown. Zipcar continues to add locations and grow its fleet, and recently expanded to Central Florida. In Miami,…

Brazilian plans 200-room hotel on Miami River

Brazilian plans 200-room hotel on Miami River

A Brazilian businessman plans to build a 200-room hotel on a narrow site on the Miami River where a condo tower had been planned. The mixed-use hotel is planned for…

Miami International Airport works to set up foreign trade zone

Miami International Airport works to set up foreign trade zone

To attract more diverse business opportunities, Miami International Airport officials are working to establish a foreign trade zone site within the airport. “We’re going to have Miami International Airport declared…

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