MIAMI, Florida – PortMiami’s credit rating was upgraded to ‘A3’ with an outlook change to stable by Moody’s Investor Services while Fitch Ratings affirmed PortMiami’s ‘A’ rating with a stable outlook. The ‘A’ rating by both Moody’s and Fitch reflects PortMiami’s strong competitive position as the Cruise Capital of the World and as a leading cargo port, highlighting its fundamental operating strengths, and its sizeable minimum annual guaranteed revenues. With strong profit margins of 48.5% from 2013-2018, passenger and cargo volume increases of approximately 37% and 20%respectively, from 2013-2018, and anticipated capital improvements of around $1.5 billion, PortMiami is situated to continue as the leading port in the cruise industry.
April 24, 2019 – The Miami-Dade Chamber of Commerce has announced its 2019 – 2020 Officers of the Board. The newly appointed officers consist of the following; Teresa Foxx as Chairwoman of the Board, Jeff Lozama as Vice-Chairman of the Board, Wayne Davis as Treasurer of the Board, Robert Holland as Parliamentarian of the Board and Shelia Powell Cohen as Secretary of the Board.
New York, NY (Sonique Solutions) – As anticipation builds for the launch of ‘Dressed Up’ (the soon to be opened dress-specialty shoppe), the buzz has gone into high gear with the announcement that the novel garment-exclusive concept will feature the dress collection styles of Meiling, thus marking the Caribbean Fashion Icon’s entry into the New York City market.
In February 2019, Miami MSA area was the second largest metro area in year-over-the-year job gains in Florida, following Orlando-Kissimmee-Sanford area.