State and County Profile – EB-5 Visa Program for Foreign Investors | GCFRC

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State & County Profile

General Information

Located in desirable southeastern Florida, Gold Coast Florida Regional Center’s USCIS EB-5 designation covers Miami-Dade, Broward and Palm Beach counties, known collectively as the State of Florida’s “Gold Coast”. This tri-county area has an estimated population of nearly 6 million people and includes the cities of Miami, Miami Beach/South Beach, Fort Lauderdale, Hollywood and West Palm Beach.

South Florida holds tremendous promise for real estate investors. Combining beautiful weather, financial strength, exceptional environmental settings, boundless amenities, diverse population and a strong immigrant community, it is among the most appealing places to live in the United States. Residential and commercial real estate is booming throughout South Florida, sustained by the strong desire to live and work in this heavily populated region.

Profiles of Miami-Dade, Broward and Palm Beach counties are included here, along with financial and demographic information for each geographic region.

Miami-Dade County

Overview

Miami-Dade County is home to the cities of Miami, Miami Beach, Coral Gables, Doral, Aventura, Bal Harbour, Homestead and unincorporated locales that include Kendall, Dadeland, Westchester and numerous other popular destinations.

Miami-Dade County has an estimated population of 2.7 million people and encompasses just under 2,000 square miles (3,218 square kilometers) of land area, making it Florida’s most populous county.
The county is also home to several private and public universities and colleges, including University of Miami and Florida International University, which draw students from around world each year.
The City of Miami, also known as “The Gateway to the Americas” and “The Magic City,” is the seventh most populous and fourth-largest urban area in the United States.
Miami is also home to several major annual events, which draw out-of-state and international travelers, including Art Basel, the Miami Grand Prix, Ultra Music Festival, the Food Network’s South Beach Food and Wine Festival and the Miami Open.
With a skilled, multilingual workforce of more than one million employees, Miami-
Dade County is one of the nation’s foremost international business centers.
Among the major corporations headquartered in the county are Carnival Cruise Lines, Norwegian Cruise Lines, Royal Caribbean Cruise Lines, Ryder, Brightstar Corporation, Latin Flavors, Burger King and the Latin-American headquarters for Hewlett Packard. Most recently, U.S. law giant Sidley Austin signed one of the priciest leases in Miami and will be opening an office in Brickell, and luxury hotel group SH Hotel & Resorts relocated its headquarters from Los Angeles to Miami.

Miami enjoys unparalleled access to the Caribbean, Central America and South America.
The area’s many beaches, resorts, luxury hotels and cruise ships conduct business year-round.

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Broward County

Overview

Broward County sits along the East Coast of Florida, just north of Miami-Dade. Encompassing the cities of Fort Lauderdale, Plantation, Weston, Pembroke Pines, Davie, Coral Springs and Hollywood, Broward is designed to cater to the needs of both families and businesses with its sunny climate, skilled workforce, inviting quality of life and international connectivity.

Broward county has more than 1.9 million residents in an area of 1,200 square miles (1,931 square kilometers) stretching from the beaches and Intracoastal Waterway to the eastern edges of the Everglades.
Residents can enjoy a serene experience on the calming waters of Hollywood or Fort Lauderdale Beach during the day and then head to Miami, which is just a short drive away, to experience the nightlife.
Metropolitan Broward County (Greater Fort Lauderdale) The area is home to over 200 corporate, regional and international headquarters for major companies, including AutoNation, Citrix, Hotwire Communications, JetBlue Travel Products, Kaplan Inc., Magic Leap, Microsoft and Spirit Airlines.
Fort Lauderdale is the largest city in Broward County and its county seat with a population of approximately 182,760 residents.
Fort Lauderdale is known as one of the world’s yachting and boating capitals and often is regarded as the “Venice of the Americas”.
The City of Hollywood is the second largest city in Broward County and is home to more than 60 parks, seven golf courses, seven miles of pristine beaches, and the one-of-a-kind Hollywood Beach Boardwalk, Named one of America’s Best
Beach Boardwalks by Travel + Leisure magazine.

Broward County’s public school system is the nation’s 6th largest school district.
One of the world’s busiest cruise and cargo ports, Port Everglades has earned a sterling reputation as “the world’s best cruise port” and is home to two of the largest cruise ships in the world, the Oasis of the Seas and the Allure of the Seas.

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Palm Beach County

Overview

According to Forbes 400, which ranks the wealthiest individuals in the country, over 30 billionaires have residential ties to Palm Beach County. A private hideaway for the wealthy in the early part of the 21st century, Palm Beach County has developed into one of South Florida’s most diverse, rapidly changing areas. It is anchored by urban living in cities such as West Palm Beach, Boynton Beach, Delray Beach and Jupiter and
country-club lifestyles in cities such as Boca Raton, Palm Beach and Wellington. The county is becoming more diverse each day.

Palm Beach County has an estimated population of 1.482 million in an area of 1,977 square miles (3,182 square kilometers).
Palm Beach County is one of the nation’s wealthiest counties, with per capita personal income levels nearly 50 percent higher than state and national averages.
According to a Unacast report released in March 2021, Palm Beach County is ranked as the top migration location in Florida for out-of-state businesses, with
70,000 wealthy people, worth an estimated $34 billion, leaving the northeast and moving to Palm Beach.
Businesses based in Palm Beach County include Florida Power & Light, The Breakers Resort, The Boca Raton Resort & Club, Office Depot, U.S. Sugar
Corporation, Florida Crystals and Pratt & Whitney Rocketdyne (Aerospace).

According to the Palm Beach County’s official economic development organization, the Business Development Board, more than 2,500 financial
services firms call Palm Beach County home, with average salaries of nearly $80,000.
Palm Beach County’s largest airport is Palm Beach International (PBI), and was
rated by the readers of Condé Nast Traveler magazine as one of the three best airports in the United States and one of the six best in the world.

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