Join us for this third installment of an informative, interactive Q&A discussion, with a panel of local experts and learn how to insure your business model and strategy are ready for the multi-billion dollar game changer rolling into Miami.
The Panama Canal was opened in January of 1914. By December of 2010, the Panama Canal has had over 1,000,972 ship transits through it, delivering over 8,587,711,605 tons of goods worldwide.
Upon completion of the new third lock system, scheduled to be in operation by early 2015 much larger ships (12,600 TEU = 1,400 ft. length by 160 ft. width) will be able to pass through on their way to our PortMiami. These larger ships allow for the delivery of containers at greatly reduced rates due to the sheer scale of delivery capacity the new vessels have to divide the cost of transportation over.
This increased capacity equaling increased trade will also lead to expansion of ancillary businesses not directly tied to cargo goods. The growth for businesses such as customs brokers, freight forwarders and logistics firms is obvious however all of these businesses will need additional resources of all kinds – professional services, dining, entertainment, attorneys, management, accounting, hospitality, marketing, consulting, training and more – creating substantial development opportunities for all kinds of businesses.
Companies such as Jorge Perez’s Related Group, the Shoma Group and the Seagis Property Group have been buying up industrial properties in Doral, Medley and Hialeah for the past few years. Private and publicly traded businesses are preparing for the opportunities in a myriad of ways, yet most small business are not even aware of the opportunities that surround them.
Miami’s Economic Wave of Opportunity is a Q&A Forum to learn about what’s unfolding before our eyes. There are 7 things we as small business owners must do now to get ourselves ready- join us as we discuss in depth what they are and how you can leverage this massive economic expansion.