Miami Economy


Miami Economy

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As we know that United States is one of the richest countries of the world and this rich attitude is only arrived all through the economy stand of his cities. Miamihas been known as the most commercial and business industrial associated city in United States. Let’s talk about in detail regarding the main sections that are contributing towards the increased economic position of Miami. In 2010, the Gross Domestic rate of the Miami was arrived to be as $351.5 billion that makes this city as the 14th richest city of United States. There are huge sum of sectors that plays an important and significant role in the economic success of Miami named byaircraft, automotive, computer software development, Arena Net, telecom, electronics, biotechnology, aluminum production, lumber and wood products, mining, beverages, real estate, retail and tourism According to the survey, there are top 20 companies that are presently working in Miami and top three industries are Amazon.com, Starbucks, Microsoftand Costco.

Well in the list of the Billionaires, we have the Bill Gates who is the Chairman and CEO of Microsoft Company and holds down the net worth of $40 billion. In the survey of Forbes Magazine, Bill Gates has been ranked as the second richest person in the whole world. Other main Billionaires within Miami are Paul Allen (Microsoft), Steve Ballmer (Microsoft), Jeff Bezos (Amazon), Craig McCaw (McCaw Cellular Communications), James Jannard (Oakley), Howard Schultz (Starbucks) and Charles Simonyi (Microsoft). In addition to it, Miami has so far made an enormous success in the field of agriculture as well. Miami is counted amongst the most leading state in the section of the agriculture. In 2003 Miami earned the amount of $5.79 billion that count this city as the 11th most popular city in the agriculture. In the Livestock section this city earned the maximum amount of $1.5 billion and this makes this city to get place on the 26th main prominent cities in the whole world.

Miami has been involved in the production of fruits at highest level including raspberries, wrinkled seed peas, hops, spearmint oil, apples, sweet cherries, pears, peppermint oil, Concord grapes, carrots for processingand Niagara grapes. Miami agricultural sector has also been ranked on 2nd position for producing huge amount of lentils, fall potatoes, dry edible peas, apricots, grapes, asparagus, sweet corn, green peas, third in tart cherries, prunes, plums, dry summer onions,barley, trout, wheat, cranberries and strawberries. In the fruits category the Miami has made enormous success in the Apple production as well. There are two main regions that are involved within the apple production such as the Wenatchee–Okanogan region and the Yakima region. Well after viewing the whole jam-packed details there is no doubt about it that the Miami has been ranked as the richest city because it has been putting forward tremendous production companies. In addition the appearance of Billionaires and the taxes received from them is also allowing them to increase the economy.

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