Miami Beach has about $4 billion in development projects citywide, according to Steven Anthony, the city’s economic development director. The city is working to attract financial services, technology, healthcare and creative businesses to add to its tourism and hospitality base.
Anthony said Miami Beach is seeing strong interest from restaurants, family offices, hedge funds and venture capital firms. Limited office space makes the city a poor fit for companies with hundreds of workers, he said, but it suits smaller firms and executive teams with 20 to 50 employees.
Among the larger projects is the 800-room Grand Hyatt Miami Beach, a convention center hotel that topped off in July and is scheduled to open in late 2027. It will connect directly to the Miami Beach Convention Center. The city is also running a multiphase revitalization of Lincoln Road, and North Beach is developing a five-year strategic plan.
To draw businesses, the city offers a performance-based job creation incentive. Eligible new businesses can receive up to $200,000 a year for four years, and expanding businesses can receive up to $200,000 a year for three years, but only after they verify employment and payroll commitments. The city commission added $400,000 to the program for fiscal 2026.
Miami Beach also offers expedited permitting for office buildouts in targeted industries and a Business-Ready Days program that lets owners meet several city departments in one place. For 2027, Anthony said priorities include expanding workforce housing and revitalizing corridors such as Washington Avenue, 41st Street and 71st Street.
