MDBC News: Mar 5 -11, 2018

With over 70 companies and 428 media jobs (106% above National Average) with a pay average of $112,020 per job, Miami-Dade County has been ranked the third largest Hispanic media market in the U.S. by Nielsen Hispanic DMA’s 2017.

MDBC News: Feb 26- Mar 4, 2018

Spain remains Miami’s top international market for Foreign Direct Investment (FDI). The Miami-Dade Beacon Council is returning to Spain for its annual business development mission.

MDBC News: Feb 20-25, 2018

Do you know any extraordinary companies, organizations or individuals that are helping make Miami-Dade a world class business and innovation destination? Are they making a long-term impact in the com munity by creating/retaining jobs, collaborating with community partners? If the answer is yes to any of these questions, they may deserve a Beacon Award!

Strength in Numbers: Taking a Regional Approach to Economic Development

By: CEOs Michael Finney – Miami-Dade Beacon Council, Bob Swindell – Greater Fort Lauderdale Alliance, Kelly Smallridge – Business Development Board of the Palm Beaches

The 238 communities seeking to be home to Amazon’s second headquarters are participating in a once-in-a-lifetime opportunity. Creating up to 50,000 new jobs, paying $100,000 average salaries, Amazon’s HQ2 promises an economic burst that could fundamentally change the region’s business landscape.

A forward-thinking company, Amazon understands the economic spillover effect for areas near its HQ2, and encouraged communities to work together as regional teams. Realizing the power of banding together as a tri-county megalopolis, Miami-Dade, Broward and Palm Beach counties submitted a combined proposal.

It wasn’t until the highly publicized Amazon bid, however, that the everyday work of our economic development organizations became better known. Our efforts to attract and retain companies are tied directly to the assets which businesses like Amazon are seeking, namely, skilled talent, a high-quality education pipeline, quality of life, viable sites, transit and mobility. Financial incentives also matter, but Florida’s low tax competitive business climate is a built-in incentive.

During this process, we took a deep dive into the combined resources of the Miami Ft. Lauderdale-West Palm Beach Metropolitan Statistical  Area (MSA) that make the region a strong contender for Amazon’s HQ2 according to analysis by The New York Times, Foreign Direct Investment Magazine and Moody’s Analytics.

Consider our competitive advantages for business and personal success:

  • 6 million residents
  • 3.1 million-person labor force
  • 53% bilingual
  • $300 billion GDP – 38th largest in the world
  • 0% State and local income tax
  • 2000+ daily direct flights
  • 4 research universities
  • 375,000 college/university students
  • 250+ sunny days per year
  • 150 miles of beaches
  • 5 professional sports teams

Warm winters, a sophisticated arts, culture and culinary scene, endless recreation options, top ranked health care and education choices and Instagram-worthy scenery make the MSA the #1 Happiest Place to Work (Forbes) and the fourth healthiest in the U.S (livability.com).

Transit and mobility are also a strong suit. We live in one of the country’s most connected regions with 2,000 daily nonstop flights daily to major cities across the United States and the world. Even our commute times compare favorably to metros including Philadelphia, Seattle, Boston, Atlanta, Washington, D.C., and New York.

From smart signals to a rapid transit plan, we are creating technology-enabled solutions. Our new Brightline regional train system will connect Miami, Fort Lauderdale and West Palm Beach with a new commuter service, in addition to the existing tri-rail regional transit system.

We learned a great deal about our neighboring communities during the Amazon proposal process. Together, our counties form a powerful region that can compete with any major business center in North America on the critical issues that companies like Amazon are looking for. And, we offer much more that others simply don’t have: a multilingual, multicultural workforce that understands global business, plus proximity and access to major markets, and a year-round vacation-like lifestyle.

Amazon set the foundation for our communities to continue partnering on future ventures. If the process taught us only one thing, a regional approach to economic development is one where we all win.

MDBC News: Feb 12-18, 2018

The 16th Annual Beacon Awards on April 28th will be a celebration of Miami-Dade’s growing economy and the community’s successful economic development strategic plan, One Community One Goal (OCOG).

MDBC News: Feb 5-11, 2018

The Urban Initiatives Task Force focuses on inclusive prosperity building and attracting new business investment to targeted urban Miami-Dade communities with economic development and new job creation opportunities. At a recent meeting, this year’s Task Force Chair Teri Williams, President and COO of One United Bank, heard updates from various Task Force members on projects that are including the urban area of the county.

MDBC News: January 29-February 4, 2018

Miami’s fashionistas and fashion aficionados gathered this past Saturday to officially welcome Istituto Marangoni to Miami’s Design District.

MDBC News: Jan 22-28, 2018

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MDBC News: Jan 16-21, 2018

Miami-Dade’s business community was well-represented in Tallahassee during the 2018 Annual Tallahassee Fly-In led by the Greater Miami Chamber of Commerce (GMCC).Miami-Dade Beacon Council Executive Vice President, Dyan Brasington, joined Chamber leaders and other economic development professionals as well as other business and community leaders to advocate for issues impacting the business community in Tallahassee.

MDBC News: Jan 9-14, 2018

The Miami-Dade Beacon Council along with with custom media company HCP Media, proudly unveil the second annual edition of Advantage Miami, formerly known for over two decades as the Miami Business Profile & Location Guide.