THE PERSPECTIVE OF MAYOR FRANCIS SUAREZ

 

The previous edition of this magazine highlighted Miami’s strategic position as Africa’s gateway to the Americas. In this interview, The Honorable Francis Suarez, Mayor, City of Miami, Florida advances the conversation, explaining how the city can play a pivotal role in enhancing global market access for Africa. He also shares insights into the framework that has helped Miami thrive as both an economic powerhouse and a global city.

As Mayor who has championed a friendly business environment in Miami, can you share a success story about how your pro-business mindset has impacted the city?

Over the past few years, one of the clearest success stories has been the influx of tech and financial companies relocating to Miami. Our efforts to streamline regulations, reduce taxes, and foster a pro-business climate attracted major players like Blackstone, Founders Fund, and SoftBank. These companies brought thousands of high-paying jobs, diversifying our economy, which was traditionally tourism-driven. The creation of “Miami Tech Month” and the city’s growing appeal as a tech hub are great examples of how this mindset has translated into tangible results.

During your administration, we have seen an upward trend in corporate and capital relocations to Miami. What has been the driving force behind this economic momentum?

The driving force has been Miami’s unique mix of affordability, business-friendly policies, and quality of life. Companies have found that Miami not only offers favorable tax policies but also serves as a gateway to Latin America, Europe and Asia making it attractive for global business. Our city’s resilience during the pandemic showcased that we are open for business, and with remote work gaining momentum, executives and entrepreneurs are choosing Miami as a place where they can work and live comfortably. Our investments in infrastructure, education, and safety have further supported this economic momentum.

What role do diplomatic relations play in strengthening Miami’s connections with other countries?

Diplomatic relations are absolutely crucial to Miami’s role as an international city and global destination. Miami hosts a large number of consulates and trade offices, which facilitate relationships between foreign governments and businesses. These connections are key to fostering trade, tourism, and investment. We regularly engage with foreign leaders and diplomats to strengthen partnerships, and these ties make Miami a preferred destination for international business.

Miami has established itself as a pivotal hub for trade, finance, and tourism with Latin America and the Caribbean. How do you envision Miami expanding its role to replicate a similar level of connectivity with Africa?

As we look to replicate our success in Latin America and the Caribbean, Africa presents an exciting opportunity. Miami can serve as a logistical and financial bridge between Africa and the Americas, much like it already does with Latin American markets. We can build on existing trade relationships and seek partnerships with African nations to establish Miami as a conduit for goods, services, and investment. By leveraging Miami’s strategic location and its expertise in trade and finance, I see us playing a pivotal role in the growing economic ties between Africa and the U.S.

Since Miami is a multicultural community, what assistance does the City of Miami provide to minority businesses including the African and the Caribbean communities?

Miami is proud of its diversity, and we are committed to supporting minority-owned businesses. We offer programs that provide access to capital, mentorship, and resources for small businesses, particularly in underserved communities. We also work closely with organizations that represent African and Caribbean business interests, helping to ensure they have the tools to thrive. We offer resources specifically designed to assist minority entrepreneurs in navigating the local business environment and expanding their reach.

Given that Miami is the second-largest financial hub in the United States, how does this status enhance the city’s ability to foster stronger economic ties and trade relationships with African markets?

Miami’s position as a leading financial hub makes it an ideal gateway for African markets looking to enter the U.S. or Latin America. Our strong financial sector, which includes international banks, private equity firms, and venture capitalists, can facilitate investments between the U.S. and African countries. The city’s multicultural business community is also well-positioned to understand and bridge cultural and business practices, making Miami a natural partner for African markets looking to expand. As we enhance our diplomatic and trade relations with African nations, we’re confident that Miami’s financial sector will play a key role in supporting economic growth on both sides.