Thread: Mexican investors see Miami as safe haven for their money

05.25.11

Mexican investors see Miami as safe haven for their money

A new investment group focuses on Mexicans who want to invest in South Florida’s opportunities.

By ALFONSO CHARDY
achardy@ElNuevoHerald.com

In one of the iconic buildings of Miami’s Brickell financial district, three young Mexican executives have opened an office to draw investors from their country and other parts of Latin America interested in finding a safe haven for their money.

East Coast Opportunity (ECO) group executives Mario Alonso, Emilio Braun Burillo and Iñaki Negrete have settled in a suite of offices in the Latitude building near Brickell Avenue and Southwest Seventh Street. They use money from foreign investors, mostly Mexicans, to buy distressed properties which are then refurbished, sold or rented.

ECO is one of a number of companies in U.S. cities offering services to a growing number of Mexican business owners and investors seeking safe places to invest beyond their country, which is being wracked by violence, chiefly in the northern states.

While most Mexican investors and executives are focused primarily on such U.S. border cities as El Paso and Houston in Texas or San Diego, there are groups interested in other U.S. cities such as Miami. The ECO executives, with experience in banking and marketing, said they have noticed a growing number of Mexican business owners or investors relocating to South Florida or trying to invest here.

“Miami is very important for us because we see it as the gateway to the United States for Latin America and Europe,â€

Mexican investors = Drug Cartel members.

where thousands of newly arrived refugees from across the border have resettled.

Refugees or illegals? We do not need more refugees either. If they have so much money and talent why don't they just spend it in their country and make it better instead of relying on us for the jobs and social benefits as they have done for many years. Their country has the wealth and manpower to make it a better place and they have been stuck in the past for a long time now.

I was wondering where that tandem trailer of 500+ illegals was heading to.

Ohh, I'm sure, they only hire US workers to rehab their properties.....

Originally Posted by Captainron

I was wondering where that tandem trailer of 500+ illegals was heading to.

Ohh, I'm sure, they only hire US workers to rehab their properties.....

I am sure they only hire LICENSED AMERICAN WORKERS!