As Miami continues to grow as an entrepreneurial hotspot, we feel it’s important to recognize the factors that make Miami such a unique magnet for growth. In 2020, a report by Endeavor Insight and the Knight Foundation identified Miami as a top-performing city with a local concentration of BEST businesses being 2.9 times greater than what is found in the rest of the United States. 

Outside of business, Miami is a thriving cultural hub that welcomes all with open arms. The city offers beautiful beaches, parks, and museums; and its tropical weather lets everyone take advantage of these benefits year-round.  

We connected with several Endeavor Entrepreneurs, mentors and program participants to get their opinion on “Why Miami?”. 

Our first interview is with trusted Endeavor Mentor Joseph “Joe” Rubinsztain, Co-Founder and CEO at ChronWell.

First things first, what’s your favorite thing about Miami? The freedom of expression and promise that comes from a young multi-cultural background that is unconstrained by nature and full of possibilities.

What unique advantages does Miami have for businesses? a) A thriving entrepreneurial ecosystem with excellent mentor organizations, b) Strategic geographic location (gateway to LATAM) and c) Favorable fiscal environment.

What challenges do you believe Miami still has to overcome? Young investment community, limited academic influence and small brain-trust, slowly expanding with SV/NY migrations.

Why do you think companies are moving to Miami? Favorable fiscal conditions, lower cost of living (for now), ideal weather and geographic location.

Mentorship is a cornerstone of what we do at Endeavor. What role has mentorship played in your life? I have learned from many by example, and some have cemented key business principles that match my personality. I find personal connection a key aspect of mentorship, and Miami is the perfect environment to give what I have received, valuable advice to close friends with their best interest in mind.

Watch the interview here.