Miami Mayor Francis Suarez Announces Presidential Bid - S. Florida Business & Wealth

Miami Mayor Francis Suarez Announces Presidential Bid

The pros, the cons and the questions—for Suarez and South Floridians.

The telegenic Miami mayor, 45, filed paperwork Wednesday night with the Federal Election Commission to launch a presidential campaign, and on Thursday morning the only Latino in the race released a campaign video titled, “I’m Running.” A formal address is expected later today. Though the mayor of Miami is a nonpartisan position, Suarez is running as a Republican.

SFBW breaks down the good, the bad, and the questionable of Suarez’s campaign.

Strengths:

  • Suarez is pro-business. He raised Miami’s profile by luring tech and fintech companies from other states. Though he was an avid and early backer of crypto, which looks embarrassing in retrospect, that seems not to have dented his appeal to the business community.
  • Under his watch, Miami’s real estate values have thrived, luxury residential development is on a tear, educated workers have flocked to the city, and he even took some credit for MLS Inter Miami luring legendary soccer player Lionel Messi to the city.
  • He is staking out a moderate lane in the Republican primary, the only candidate to do so. He is no culture warrior. He’s all about business. (He didn’t vote for former president Donald Trump in 2020, and he voted for Gov. Ron DeSantis’ opponent in 2018.) But these qualities can also be liabilities, depending on where the electorate is headed (see below).
  • He is a strong supporter of the LGBTQ community, shrewdly tying his support to his good-for-business philosophy. He signed the City of Miami’s LGBTQ Ordinance recognizing the decades of contributions by the LGBTQ Miami residents to the economy and diversity of the city. Under his direction, Miami created a database assigning LGBTQ businesses in Miami as designated minority businesses; the National LGBTQ Chamber of Commerce was officially recognized by the City Administration as a third-party organization tasked with certifying LGBTQ businesses. But, as above, what plays in Brickell and South Beach isn’t exactly aligned with national GOP sentiment.
  • Trump’s indictment in federal court on Tuesday was peaceful, and Suarez can take credit for his management of the fraught event.

Weaknesses:

  • Mayor of Miami is a part-time position without much power. And being a part-time mayor can engender the appearance of conflicts. Suarez is facing an ethics investigation for allegedly helping one of his development clients obtain permits for a project in Coconut Grove. The problem: The developer, Rishi Kapoor, has paid Suarez $170,000 since 2021 for his outside work.
  • Mayors don’t typically ascend to the White House, though Transportation Secretary Pete Buttigieg, the former mayor of South Bend, Indiana, made a serious run in 2020, winning the Democratic Iowa caucuses and placing second in the New Hampshire primary.
  • Unless GOP sentiment takes an offramp in the wake of Trump’s multiple criminal indictments and DeSantis’ divisive battle with Disney and unpopular social policies, the party has little appetite for a centrist.
  • He torched New York as a crime-ridden socialist hellscape in the op-ed pages of the Wall Street Journal last year. That is not a good look for the mayor of the sixth borough of New York. He’s going to need Manhattan donors, and people on Wall Street don’t exactly think of their city—which has one of the world’s biggest economies and a trillion-dollar GDP—as a socialist enclave.

Questions:

  • The overturning of Roe vs. Wade, and strict abortion laws (like the six-week abortion ban signed into law by DeSantis), have been proven to drive Democrats to the polls and lose elections for the GOP. Suarez doesn’t like to talk about abortion, but in time, he will be pressured to take a stand.
  • He has to walk a fine line when it comes to frontrunner Trump. On Tuesday, before the indictment, he was spouting GOP talking points about equal application of the law; but by this morning, he was saying of the actions that led to Trump’s arrest, “It’s not what I would have done. I would have turned over the documents.” This sudden shift follows the about-faces of his opponents Mike Pence and Nikki Haley, who also dismissed the allegations against Trump before pivoting to take them seriously.

Photo courtesy of ABC News

You May Also Like
Treat Dad to a Fantastic Father’s Day Meal

Forget the tie — take dad to one of these restaurants offering special Father’s Day menus Diplomat Prime Treat dad to dinner at Diplomat Prime at Signia by Hilton Diplomat Beach Resort,

Read More
Sliced medium-rare steak with a charred crust, topped with coarse sea salt, served on a dark plate with a garnish of greens and a roasted tomato. South Florida Business & Wealth
Sales Begin at 619 Brickell by Nobu, Foster + Partners

13th Floor Investments and Key International today announce the official launch of sales for 619 Brickell by Nobu · Foster + Partners, marking Nobu’s first-ever residential project in Miami. The

Read More
Luxury infinity pool and hot tub on a modern terrace overlooking the ocean, surrounded by lush plants and contemporary architecture, with a glass railing and a clear sky at sunset. South Florida Business & Wealth
Duty, Leadership, and the Long View 

 A veteran physician reflects on leadership, responsibility, and patient care beyond the clinic.  Atif M. Hussein, M.D., Medical Director and Program Director of the Hematology/Oncology Fellowship Program at Memorial Cancer

Read More
A smiling man in a white doctor’s coat and navy blue tie stands against a light background. The coat has embroidered text and a heart logo on the chest. South Florida Business & Wealth
All Flights Cancelled 

Spirit Airlines ceased all operations on May 2nd. What comes next?  For 34 years, Spirit was one of air travel’s most talked-about airlines. Known for budget flights with few included

Read More
Close-up view of a modern jet engine turbine attached to a yellow airplane, parked on an airport tarmac under a blue sky. South Florida Business & Wealth
Other Posts
Berkadia Arranges Construction Loan for Coral Gables Condo

Berkadia, a leader in the commercial real estate sector, announced today that it arranged $100 million in construction financing for Alhambra Parc, an eight-story luxury mixed-use condominium development with 74

Read More
Street view of a modern, multi-story luxury apartment building with palm trees, large entrance, decorative facade, and retail shops. People walk by, and two cars are parked on the street in front of the building. South Florida Business & Wealth
Developers Break Ground on New Condominium Near Aventura Mall

 Growin Group and Property Pro Partners broke ground on EDEN, a new luxury residential development, located at 2557 NE 180th Street — near Aventura Mall. Boutique Residences The development will feature 32 luxury residences

Read More
A modern multi-story building with large glass balconies, palm trees on both sides, cars parked in front, and purple flowers in the foreground under a clear blue sky. South Florida Business & Wealth
Florida’s Insurance Reset, Through a National Lens 

Rocky Steele is Senior Vice President of Business Development at Trucordia, where he leads strategic growth initiatives and partnership development across key markets, including Florida. With deep experience in brokerage expansion and

Read More
A man with short brown hair wearing a gray suit jacket and white dress shirt smiles at the camera against a dark background. South Florida Business & Wealth
The Executive’s Guide to Financial Clarity

Financial success rarely arrives with simplicity. For executives and business owners, growing wealth often introduces a new layer of complexity, where liquidity, tax exposure, and family dynamics demand the same

Read More
Bald man wearing a blue checked suit jacket and light blue shirt, smiling at the camera, with a bright, blurred white background. South Florida Business & Wealth