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Is South Florida the Newest Hot Spot for Manufacturing?

MIAMI—South Florida's industrial developers are building bigger and better facilities to accommodate a thriving logistics market, a new wave of e-commerce giants looking for large chunks of warehouse space.

By Natalie Dolce | nataliedolce | | Updated on July 22, 2016
John Boyd Jr., principal of the Boyd Co. Inc. in New Jersey. John Boyd Jr., principal of the Boyd Co. Inc. in New Jersey.
MIAMI—South Florida’s industrial developers are building bigger and better facilities to accommodate a thriving logistics market, a new wave of e-commerce giants looking for large chunks of warehouse space  and an uptick of goods flowing through the now-expanded Panama Canal. That is according to John Boyd Jr. , principal of the Boyd Co. Inc. , out of New Jersey. In a recent article from GlobeSt.com sister publication, ALM’s Daily Business Review, Boyd Jr. says developers should shift their focus to another type of tenant. Boyd specializes in advising corporations, including food and beverage manufacturers, on site selection. He flew to Miami recently week to meet with two clients in the food processing industry toying with the idea of relocation. “Food processing is one of the more mobile and exciting sectors of advanced manufacturing today,” Boyd said. He explains why: Five years ago, the $2 trillion North American industry was hit with sweeping reform when the Food Safety Modernization Act was signed into law, which sent compliance costs soaring. According to the article, as companies come to grip with the new regulations, they’re faced with either spending tens of millions of dollars to upgrade aged facilities or relocating to new plants in less expensive markets. Suddenly Miami-Dade and Broward counties have hit the map. Manufacturing has never been named as one of the Miami region’s core industries, but could it be? To read the article in full and learn more about Boyd Co.’s most recent site selection study, click here.

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