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Miami, home to five WeWorks, ranks as the 14th-best place to launch a startup

The WalletHub list shows that Miami outranks Orlando and Port St. Lucie.

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According to WalletHub, Miami ranks 14th as the best large city to start a business in the United States.

While other Florida cities, such as Orlando and Port St. Lucie, made the cut, Miami outranked both.

”Miami’s diverse population, access to education and capital, and innovative partnerships with the private sector strengthen the city’s position in the business community,” says Eugene Ramirez, director of communications for the City of Miami. “We’re committed to being a global city that continues to attract opportunities that stimulate our local economy and positively impact quality of life.”

Miami’s place on the list has to do with city officials making strides in creating a sustainable environment for startups.

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One move by City of Miami officials resulted in Miami’s current entrepreneur landscape, which includes a WeWork station in South of Fifth, Brickell City Centre, Lincoln Road, Ponce de Leon, and the Security Building on First Avenue. Earlier this year, the City of Miami partnered with WeWork to give deals to entrepreneurs.

According to the Miami Herald, Miami is the country’s No. 1 city for co-working space, beating Los Angeles and Manhattan. As a percentage of total stock, Miami has the most coworking space at 2.7 percent of the metro’s 50.5 million square feet of space.

The Magic City was a finalist for Amazon’s HQ2, which included 20 cities. The city just launched 500 Startups, a venture capital firm in downtown Miami.

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