Influx of South Americans Drives Miami’s Reinvention

July 19, 2014. A New York Times story about Miami’s economic growth is grounded in data from the Fiscal Policy Institute about immigrant business owners.

Of immigrants in the Miami metro area, the article says:

Their relative wealth has allowed them to ramp up businesses like import-export companies and banks, and to open restaurants that dish out arepas from Venezuela, coxinhas from Brazil and alfajores from Argentina. Partly as a result of that influx, the Miami-Fort Lauderdale region eclipsed Los Angeles in 2012 as the major metropolitan area with the largest share — 45 percent — of immigrant business owners, according to a report by the Fiscal Policy Institute, a research group.

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