Recent Miami Transactions Affecting Global Trade and Investment

March/April transactions

SUBWAY OPENS NEW HQ IN MIAMI

The global fast-food chain recently opened its second headquarters in Miami’s Waterford Business District, near Subway’s Independent Purchasing Cooperative, which oversees the brand’s supply chain. The new HQ will host 150 employees, including the company’s Latin America regional office staff.

GLOBE AIR CARGO PARTNERS WITH BRAZIL’S AZUL

Azul, one of Brazil’s largest airlines, is partnering with Miami-based Globe Air Cargo to handle all of their U.S. cargo sales and administrative services.

KASEYA EXPANDS IN MIAMI

After winning $4.56 million in economic incentives, international tech firm Kaseya is adding 3,400 jobs and expanding its corporate headquarters in Downtown Miami. Kaseya provides management software for IT teams and recently expanded its global partner program.

LOGISTICS PLUS OPENS NEW MIAMI WAREHOUSE

Logistics Plus, which has a presence in 35 countries, is expanding its presence in Miami with a 181,051-square-foot warehouse to be completed in November in Hialeah. The move will expand on the current 8,000-square-foot warehouse Logistics Plus owns in Doral.

CARGO FLIGHTS FROM MIAMI TO HAVANA

Miami-based Global Crossing Airlines, which does business as Global X Cargo, is now flying cargo-only flights twice a week from Miami to Havana using the Airbus A320.

LEVERX MOVES GLOBAL HQ TO MIAMI

LeverX joins the wave of tech firms expanding in South Florida, moving its global corporate headquarters from Silicon Valley to Miami. The new downtown HQ will employ 30 people and allow the tech firm to better communicate with employees and customers across time zones in North America and Europe.

ENFINITY GLOBAL ACQUIRES SOLAR PROJECTS

Renewable energy investor Enfinity Global, based in Miami, announced the purchase of a 400 MW utility-scale solar portfolio from Capital Dynamics, consisting of 28 operational solar plants in California, North Carolina, and Idaho. Enfinity has a global portfolio of over 7 GW of power plants in operation or under construction in Europe, India, Japan, and the Americas.

BIRD CANADA MERGES WITH BIRD GLOBAL

Bird Global, the electric scooter rentals company, merged with its Canadian counterpart to provide funding for the struggling Miami-based operations. Bird Canada will supply $32 million in funding to Bird Global and take control of its international platform.

Large group of new Bird electric scooters parked await riders on Brickell Ave in Miami, Florida taken on June 22, 2019.

FITCH RATINGS UPGRADES MIA TO A+

Fitch Ratings upgraded Miami-Dade County’s $4.9 billion in aviation revenue and revenue refunding bonds from A to A+ following a year in which Miami International Airport became Florida’s busiest airport. Fitch is the fourth rating agency to upgrade MIA’s bonds within the last year.

BNP PARIBAS BANK TO OPEN MIAMI OFFICE

Paris-based BNP Paribas Securities Corp, a subsidiary of BNP Paribas Bank, is planning to open an office in Miami in Q4 of this year. The new location will be home to 50 employees.

BNP Paribas sign, logo, symbol on the facade of BNP Paribas Bank Polska S.A., Polish branch of international French bank. WARSAW, POLAND – AUGUST 7, 2020

MIAMI REALTORS ANNOUNCES NEW GLOBAL AGREEMENTS

The MIAMI Association of Realtors has announced 12 new international agreements with real estate associations, bringing its total number of global partners to 242. New partners include Bolivia, Brazil, France, Korea, the Netherlands, Nigeria, and Thailand, among others. These new agreements provide resources, exposure, and relationships for the association and its international partners.

MIA ANNOUNCES RECORD-BREAKING PASSENGERS

At a press conference in February, Mayor Daniella Levine Cava announced that Miami International Airport had a record-breaking 50.6 million passengers in 2022, marking a 10 percent increase from the airport’s previous record-breaking year in 2019.

ROTHSCHILD & CO TO OPEN NEW MIAMI OFFICE

The Paris-based investment bank is planning to move staff into the new 830 Brickell building under the leadership of Eric Hirschfield, who also heads up the firm’s Chicago office. Rothschild & Co is one of the world’s largest independent financial advisory groups, employing 3,600 people in 40 countries across the world.

NOWPORTS EXPANDS TO MIAMI

Mexico-based digital and AI-powered freight forwarder Nowports has opened an office in Miami, looking to enhance and consolidate its presence in seven Latin American countries.

FLIGHT CHANGES BY AA AND DELTA

American Airlines has discontinued their flights between Tel Aviv (TLV ) and Miami International Airport (MIA). Delta Airlines will resume flights between Havana’s José Martí International Airport and Miami on April 10.

ACI WORLDWIDE EXPANDS; ADDS NEW SERVICE

After expanding to three new countries in the Middle East, Miami-based software company ACI Worldwide now supports 25 domestic and pan-regional real-time networks on six continents. ACI also announced the launch of “Instant Pay,” a new real-time payments service that allows businesses in the U.S. to quickly accept online, mobile, and in-store payments.

WTC MIAMI ELECTS MENCIA AS CHAIR

World Trade Center Miami has elected Manuel Mencia as Chair of its Board of Directors, amid its announcement of the final 2023 Board. Mencia is an experienced senior international trade leader who served for 25 years as Senior Vice President for International Trade and Development at Enterprise Florida, Florida’s public-private commerce department.

PORTMIAMI POWERS UP FOR CRUISE SHIPS

Denmark-based PowerCon is installing five shore power systems to provide electricity for cruise ships docking at PortMiami. The new addition will upgrade the port to have the largest shore power system in the world.

CONSELLO GROUP OPENS MIAMI OFFICE

The New York-based financial services advisory and strategic investing platform, which launched in 2022, has now opened offices in London and Miami after launching last year.

RODRICK MILLER NAMED HEAD OF BEACON COUNCIL

Rodrick Miller has been appointed President and CEO of the Miami-Dade Beacon Council, succeeding the late Michael Finney. The Beacon Council is a public-private partnership that facilitates the growth of companies relocating to or expanding in Greater Miami. Miller is an experienced economic developer who was most recently the CEO of Invest Puerto Rico.

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