Airline routes, race-car homes and jobs. See top business changes in Miami

Business admin August 31, 2026 0 Comments

Airline routes, race-car homes and jobs. See top business changes in Miami

A jobs push in South Miami-Dade and Ken Griffin’s latest Wall Street plays are among the top business stories this week.

Here’s a rundown:

Apprenticeship pipeline: South Miami-Dade business owners are helping with apprenticeship programs to fill local jobs. CareerSource South Florida is partnering with Miami Dade College to connect employers with participants in hospitality, construction and aviation. A U.S. Department of Labor waiver lets CareerSource cover nearly all apprentice wages statewide and all wages for employees in opportunity zones.
NASCAR returns to Homestead: NASCAR Championship Weekend will run at Homestead-Miami Speedway in back-to-back years, Nov. 6-8, 2026, and Nov. 12-14, 2027 — the first back-to-back South Florida run since 2019. The event returns to Homestead for the first time since 2020 and coincides with a $20 million renovation of the speedway.
F1 driver buys in Brickell: Brazilian race car driver Rubens Barrichello bought an $8 million pre-construction unit at Colette Residences in South Brickell. Miami-Dade recorded 22 luxury contracts worth nearly $250 million during the week of Aug. 17-23, compared with nine contracts worth $92.3 million in the same week last year, topped by a Golden Beach waterfront mansion that went under contract for nearly $80 million.
Miami-Caracas route resumes: American Airlines plans to resume direct daily nonstop service between Miami and Caracas on Sept. 3, pending the reopening of Maiquetía International Airport. The airport was damaged by twin earthquakes on June 24 that killed more than 6,000 people in Venezuela.
Ken Griffin’s Wall Street moves: Miami-based Citadel nearly quadrupled its Eli Lilly position to about 945,000 shares worth roughly $1.2 billion in the second quarter and boosted its AbbVie stake by roughly 547% to about 3.2 million shares worth around $800 million. The hedge fund also bought distressed assets from collapsed AI fund Situational Awareness and sold more than 80% of the acquired exposure through block trades worth more than $4 billion.

This report was produced with the assistance of a proprietary tool powered by artificial intelligence and using our own originally reported, written and published content. It was reviewed and edited by our journalists.