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Endeavor Miami Impact Report 2020

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// Endeavor Miami Impact Report 2019 Greater Miami's Competitive Advantages in Entrepreneurship 5. Financial Intermediary Businesses Companies providing financial intermediation including investment banking, credit, and payment processing. PROMINENT LOCAL SUB-SECTORS • Investment Banking • Digital Payments and Loans • Retail Banking KNOWLEDGE INTENSITY OF TYPICAL EMPLOYMENT • Proportion of Roles Requiring Less Than a Bachelor's Degree: Below Average Most common occupations: Tellers, Customer Service Representatives, Loan Interviewers, Bookkeepers, Bill and Account Collectors • Proportion of Roles Requiring a Bachelor's Degree or Higher: Above Average Most common occupations: Credit Counselors, Loan Officers, Financial Analysts and Advisors, Sales Agents, Software Developers, Credit Analysts, Accountants, Auditors "The financial services industry has been able to thrive in South Florida due to the proximity to Latin America, the Latin community and the number of multinational companies based out of South Florida." Jorge Ruiz, Co-founder & CEO Local entrepreneurial companies with 50 or more employees. More entrepreneurial companies with 50 or more employees than expected compared to other metros in the surrounding area. Proportion of local entrepreneurial companies with 50 or more employees launched in last decade. Projected growth for national industry in coming years. 50+ 2.6x Average Slow but positive More entrepreneurial companies with 50 or more employees than expected compared to the rest of the U.S. 1.4x

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