The June Miami mastermind meeting focused on foreign investment, transportation and the disruption of business models due to the rise of the internet economy. Political and economic instability, particularly in Latin America, continues to bring capital to the US and particularly to the Miami market. Brazil was referenced several times as a source of incoming capital, specifically towards Miami’s real estate market.
The increased investment has also meant increased population in the city and added vehicles to the road. Rolando Tapanes with the Miami Parking Authority said his department is currently working on several projects to increase parking throughout the city namely in Coconut Grove. Also in transportation, ride sharing services like Uber and Lyft have shifted away demand from Taxis and created an alternative means of transport. Phil Grose of Furman Insurance thinks new developments will incorporate ride sharing into their rent plans. Phil also mentioned two new companies that are looking to copy the ride share model and use it in the medical transport industry, particularly for the elderly.
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