South Florida and Downtown Miami Florida are ever growing regions that consistently provide incentives and investment grants to businesses and corporations looking to do business in the Downtown Miami. With careful planning and excellent programs in place, the Miami Downtown Development Authority, in conjunction with various funding sources, promotes commerce and trade in several different zones.

The CRA Building Rehabilitation Program is funded by Miami’s South East Overtown/Park West and Omni Community Redevelopment Agencies and financially assists property owners and businesses up to $65,000.00 for property improvements. The program will give out a matching grant to all qualifying businesses and property owners and seeks to improve buildings in the Park West region of Downtown Miami Florida. Another such program is the New Markets Tax Credit, a nationally recognized program that takes low interest, private capital and funds commercial projects in economically stressed areas. Several zones and areas of Downtown Miami meet the qualifications for these tax credits, even in the highly commercialized areas. The Miami Downtown Development Authority also operates Empowerment Zones, which are federally designated areas that receive a great deal of opportunities and economic incentives to communities throughout America. These zones are eligible for Tax Exempt Bond Financing, special Tax Deductions, and Loan Fund Programs and are in place to maximize the growth and commerce potential in these areas. Other State and local incentives are awarded annually to area businesses conducting their operations in Miami Florida, so we encourage our Florida Commercial Property Buyers to stay abreast about these types of programs.

The programs and business incentives laid out above bolster Miami’s already thriving commercial economy. As one of our nation’s largest and most populated cities, Miami Florida serves the region as the cultural and financial hub for all of South Florida and is expected to continue to grow exponentially. Growth and economic surveys project that by 2011 Downtown Miami’s population will be 445,603, calculated within a five mile radius from Flagler Street at Miami Avenue. Previous studies reveal that between 1990 and 2000 Downtown Miami Florida grew at a rate of 7.51%, making Miami Florida one of the fastest growing regions in South Florida.

Let Maddux and Company put our experience as a Miami Commercial Real Estate Broker to work for you. Our experienced team of agents and brokers can work with you to find Miami Office Space for Sale, Executive Office Space Miami Florida, and Miami Warehouses For Sale. At Maddux and Company, we are committed to providing our clients with the very best in service.
 

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