Light the Night: The 17th Annual Beacon Awards Celebrate Miami’s Dynamic Innovation & Growth

2019 Beacon Award Recipients Announced

(Miami, FL – June 14, 2019) – The Beacon Council Economic Development Foundation, Inc., a 501(C)(3) tax-exempt, not-for-profit organization, is pleased to announce the 2019 Beacon Award Honorees, including the Jay Malina Leadership Honoree. A celebration of the dynamic innovation powering Miami’s growth, Light the Night: The 17th Annual Beacon Awards, presented by Greenberg Traurig, are set to take place on Wednesday, June 26th at the InterContinental Miami Hotel.

Celebrating companies, organizations and individuals driving growth and prosperity for Miami-Dade, The Beacon Awards recognize honorees in seven unique categories that align to One Community One Goal’s seven pillars: Business Policy & Climate; Economic Development Marketing; education and Workforce Development; Entrepreneurship & Innovation; Physical Infrastructure & Resiliency; Target Industries; and Leadership.

Named after the founder of One Community One Goal, this year’s esteemed Jay Malina Leadership Award, presented by Phillip & Patricia Frost, recognizes Alberto Ibargüen, President and CEO of the John S. and James L. Knight Foundation. Ibargüen’s commitment to promoting informed, engaged communities is a thread that pulls through his entire career, first in the Peace Corp, then as a lawyer and businessman, including his role as the publisher of The Miami Herald and El Nuevo Herald, which were among Knight Ridder’s most financially successful newspapers under his watch and won three Pulitzer Prizes. His commitment to community has continued as head of Knight Foundation over the last 14 years. Ensuring Knight evolves to identify and capitalize on positive trends, Ibargüen’s leadership has supported a level of innovation in arts, technology, media, and community engagement that has accelerated Miami’s growth and left an indelible mark. Since 2012, Knight has invested more than $30 Million in Miami-Dade’s entrepreneurial ecosystem, connecting innovators, attracting investments and growing the city’s talent base. Local Knight Grant recipients include, but are not limited to: The LAB MiamiVenture CaféeMerge AmericasBlack Tech WeekEndeavor Miami500 Startups MiamiLaunchCodeGirls Who CodeCodeFeverCode/Art, Miami City Ballet, New World Symphony, and O, Miami Poetry Festival. Knight Foundation under his tenure has invested or committed more than $165 Million to arts and culture as part of an effort to connect Miamians to place and to each other.

“Jay Malina was a good friend of mine; I even had the privilege of eulogizing him at his funeral. So, this recognition is very special to me. Jay was a great leader, a big mind and bigger heart, who led by example and with a passionate commitment for community engagement. He appreciated the transformative impact we could have when we developed a common vision and worked together toward that goal. He started One Community One Goal to forge a commitment to place and boost Miami-Dade’s economy, including all parts of the county,” said Alberto Ibargüen, President and CEO of the John S. and James L. Knight Foundation. “We benefited immensely from his leadership and have continued to evolve. To ensure we continue transforming into the Miami of our dreams, Jay would remind us that we need vision, courage, skill and tenacity – together. Thank you to The Beacon Council Foundation for this honor, and congratulations to all of the 2019 Beacon Award Honorees.”

“Alberto Ibargüen is a leader!  Whether it is in business, or the community, Alberto stands out as someone others want to follow.  Why is this?  It is because we all know that he is our friend, a friend who is concerned about our welfare and wants a better life for everyone,” said Dr. Phillip Frost, Chairman & CEO of OPKO Health. 

While the Jay Malina Leadership Award recipient is selected by Past Chairs of the Miami-Dade Beacon Council, the other six awards are voted on by a diverse panel of business and community leaders asked to  review key success attributes including: partnerships/collaboration; innovation/creativity; jobs impact such as high wages, equity, inclusion, job creation and retention; community engagement; long-term community impact; environmental resiliency and other relevant information.

“This year we received very strong nominations from multiple organizations in all six categories, proving that our community is committed to diversifying and strengthening Miami-Dade’s economy in ways that continue to align with the One Community One Goal strategic plan,” said Michael A. Finney, President & CEO, The Miami-Dade Beacon Council. “The 17th Annual Beacon Awards celebrate the dynamic innovation powering economic development in our community, and we are proud to recognize all of our 2019 Beacon Award honorees.”

Over 54 nominations were received from 41 different organizations from the private sector, not-for-profit organizations, government agencies and educational institutions. Deliberations were difficult given the strength of the many applicants, but one honoree will be recognized in each of the following six categories at the 2019 Beacon Awards on June 26th:

  • Business Climate & Policy Award | Presented by Florida Blue
    Honoree: Kaufman Rossin & The Women’s Fund Miami-Dade
    Finalists: Florida Small Business Development Council (SBDC) at FIU  & Wynwood Business Improvement District (BID)

 

  • Economic Development Marketing Award | Presented by Baptist Health South Florida
    Honoree: City of Miami Gardens
    Finalists: Innovation City & WhereBy.Us/ The New Tropic

 

  • Education & Workforce Development Award | Presented by Bank of America
    Honoree: Florida Power & Light (FPL)
    Finalists: Ironhack U.S, LLC & Year UP South Florida

 

  • Entrepreneurship & Innovation Award | Presented by John S. and James L. Knight Foundation
    Honoree: CIC Miami
    Finalists: 500 Startups & Babson College WIN (Women Innovating Now)  LAB

 

  • Physical Infrastructure & Resiliency Award | Presented by Dosal Tobacco Corporation
    Honoree: Brightline/ Virgin Trains USA
    Finalists: City of Miami Beach &Miami-Dade County + Ford Autonomous Vehicles LLC

 

  • Target Industries & Leadership Award | Presented by Florida Power & Light (FPL)
    Honoree: Natural Vitamins Laboratory
    Finalists: DBK Concepts & Kaseya

“We are happy to join as Presenting Sponsors in recognizing Alberto Ibargüen with the Jay Malina Award.  The key to effective community action is to have conveners involved who can bring community leaders together and focused, so that major initiatives and improvements can occur in our diverse communities.  At the very top of the list of conveners is a single first name that is recognized and respected by all.  The first name is “Alberto.”  When Alberto calls, you answer, and you get involved, because you know that it is important, and the likelihood of success is high.  No other name is needed,” says Cesar L. Alvarez, Sr. Chairman of Greenberg Traurig.

The 17th Annual Beacon Awards would not be possible without the support of generous sponsors including Presenting Sponsors Greenberg Traurig, Philip & Patricia Frost, The Related Group, The Miami Herald, Capital Bank, Florida Blue, John S. and James L. Knight Foundation, Dosal Tobacco, Bank of America, Florida Power & Light, Baptist Health South Florida, American Airlines and many more.

For more information about the 17th Annual Beacon Awards or to purchase a table or tickets for this event please call (305) 579-1300 or visit https://www.beaconcouncilfoundation.org/

27,800 jobs were created in Miami-Dade over the last year while unemployment continues to stay low

April Employment Report

Presented by CareerSource

The numbers analyzed

In April 2019, Miami-Dade County area was the second largest metro area in year-over-year job gains in Florida, following the Orlando-Kissi­­mmee-Sanford area. The County created 27,800 new non-agricultural payroll jobs (not seasonally adjusted), from April 2018 to April 2019, which was a 2.3 percent increase. The jobs were created in different industries with the highest job creation occurring in Education & Health Services (6,200), Professional & Business Services (5,700), Transportation, Warehousing & Utilities (5,700), Leisure and Hospitality (4,400), Construction (3,600) Other Services (2,000), and Total Government (1,100). The graphs below show the payroll data since October 2017.

SectorApril 2018- April 2019March 2019 – April 2019
Education & Health Services+6,200 (+3.3%)+700 (+0.4%)
Professional & Business Services+5,700 (+3.2%)-1,900 (-1.0%)
Transportation, Warehousing, & Utilities+5,700 (+7.6%)+900 (+1.1%)
Leisure and Hospitality+4,400(+3.1%)-300 (+0.2%)
Construction+3,600 (+7.0%)+500 (+0.9%)
Other Services+2,000 (+3.9%)+100 (+0.2%)
Total Government+1,100 (+0.8%)-1,100 (-0.8%)
Manufacturing+300 (+0.7%)+700 (+1.7%)
Information+200 (+1.0%)-200(-1.0%)
Wholesale Trade-400 (-0.5%)+100 (+0.1%)
Retail Trade-500 (-0.3%)0 (-0.0%)
Financial Activities-500 (-0.6%)200 (+0.2%)

The not seasonally adjusted unemployment rate for Miami-Dade County was 3.0 in April 2019. Compared to last April there was a 1.2 percentage point decrease in the unemployment rate at (4.2 percent in April 2018). Compared to March 2019 there was a 0.4 percentage point decrease from the unemployment rate of 3.4 percent. The graph below compares the unemployment rate for Miami-Dade County with that of the United States since October 2017. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last five months The United States has a higher unemployment rate than Miami-Dade County.

In April 2019, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.4 percent, which was 0.3 percentage points lower than in April 2018.

April 2019
Unemployment Rate
(Not Seasonally Adjusted)
April 2018 to April 2019
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County3.0%-0.9%
Palm Beach County2.9%-0.4%
Broward County2.8%-0.5%
Florida2.9%-0.5%
United States3.3%-0.4%

From the data and analysis above, we see continued improvement in the local economy. Nevertheless, the community needs to remain focused on job-creation projects in targeted industries. These industries have been identified as the sectors where Miami-Dade County is best able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community,  and works on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.  In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

Miami-Dade County Created Over 26,300 Jobs in the Last Year

February Employment Report

Presented by CareerSource South Florida

The numbers analyzed

In February 2019, Miami MSA area was the second largest metro area in year-over-the-year job gains in Florida, following Orlando-Kissimmee-Sanford area. The County created 26,300 new nonagricultural payroll jobs (not seasonally adjusted), from February 2018 to February 2019 which was a 2.2 percent increase. The jobs were created in different industries with the highest job creation occurring in Professional & Business Services (7,400), Education & Health Services (5,500), Transportation, Warehousing & Utilities (5,400), Construction (3,300), Other Services (2,800) and Leisure and Hospitality (2,400). The graphs below show the payroll data since September 2017.

 

SectorFeb 2018 – Feb 2019Jan 2019- Feb 2019
Professional & Business Services+7,400 (+4.2%)+1,100 (+0.6%)
Education & Health Services+5,500 (+2.9%)+1,900 (+1.0%)
Transportation, Warehousing, & Utilities+5,400 (+7.2%)-400 (-0.5%)
Construction+3,300 (+6.6%)+500 (+0.9%)
Other Services+2,800 (+5.4%)+1,700 (+3.2%)
Leisure and Hospitality+2,400 (+1.7%)+2,800 (+1.9%)
Total Government+1,300 (+0.9%)+1,200 (+0.8%)
Wholesale Trade0 (0%)+1,100 (+1.5%)
Information-100 (-0.5%)0(0%)
Financial Activities-500 (-0.6%)+1,000 (+1.3%)
Retail Trade-600 (-0.4%)-2,100 (-1.4%)
Manufacturing-600 (-1.5%)-500 (-1.2%)

The not seasonally adjusted unemployment rate for Miami-Dade County was 3.2 in February 2019. Compared to last year February there was a 0.8 percentage point decrease from the unemployment rate at 4.0 percent. Compared to January 2019 there was a 0.7 percentage point increase from the unemployment rate at 3.9 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since September 2017. It shows that Miami-Dade County was tracking the unemployment rate of the United States at a slightly higher rate until November 2018. For the last three months The United States had a higher unemployment rate than Miami-Dade County.

 

In February 2019, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.6 percent, which was a 0.4 percentage point lower than in February 2018.

February 2019
Unemployment Rate
(Not Seasonally Adjusted)
February 2018 to February 2019
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County3.2%-0.8%
Palm Beach County3.4%-0.3%
Broward County3.3%-0.3%
Florida3.4%-0.4%
United States4.1%-0.3%

From the data and analysis above, we see continued improvement in the local economy. Nevertheless, the community needs to remain focused on job-creation projects in targeted industries. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

SectorFeb 2018 – Feb 2019Jan 2019- Feb 2019
Professional & Business Services+7,400 (+4.2%)+1,100 (+0.6%)
Education & Health Services+5,500 (+2.9%)+1,900 (+1.0%)
Transportation, Warehousing, & Utilities+5,400 (+7.2%)-400 (-0.5%)
Construction+3,300 (+6.6%)+500 (+0.9%)
Other Services+2,800 (+5.4%)+1,700 (+3.2%)
Leisure and Hospitality+2,400 (+1.7%)+2,800 (+1.9%)
Total Government+1,300 (+0.9%)+1,200 (+0.8%)
Wholesale Trade0 (0%)+1,100 (+1.5%)
Information-100 (-0.5%)0(0%)
Financial Activities-500 (-0.6%)+1,000 (+1.3%)
Retail Trade-600 (-0.4%)-2,100 (-1.4%)
Manufacturing-600 (-1.5%)-500 (-1.2%)

 

Job Growth Continues To Be One of The Strongest in The State at 3.9%

January Employment Report

Presented by CareerSource South Florida

The numbers analyzed

In January 2019, Miami MSA area was the second largest metro area in year-over-the-year job gains in Florida, following Orlando-Kissimmee-Sanford area. The County created 30,000 new nonagricultural payroll jobs (not seasonally adjusted), from January 2018 to January 2019 which was a 2.5 percent increase. The jobs were created in different industries with the highest job creation occurring in Professional & Business Services (8,500), Education & Health Services (6,800), Transportation, Warehousing & Utilities (5,300), Construction (4,000), Leisure and Hospitality (3,100) Other Services (1,600). The graphs below show the payroll data since August 2017.

SectorJan 2018 – Jan 2019Dec 2018 – Jan 2018
Professional & Business Services+8,500 (+4.9%)+800 (+0.4%)
Education & Health Services+6,800 (+3.7%)+300 (+0.2%)
Transportation, Warehousing, & Utilities+5,300 (+7.1%)-1,600 (-2.0%)
Construction+4,000 (+8.2%)-200 (-0.4%)
Leisure and Hospitality+3,100 (+2.2%)-2,200 (-1.5%)
Other Services+1,600 (+3.1%)+400 (+0.8%)
Information+800 (+4.2%)0 (0%)
Total Government+700 (+0.5%)-100 (-0.1%)
Manufacturing+600 (+1.5%)-1,200 (-2.9%)
Retail Trade+300 (+0.2%)-4,200 (-2.7%)
Wholesale Trade-500 (-0.7%)-700 (-1.0%)
Financial Activities-1,200 (-1.5%)-2,900 (-3.5%)

The not seasonally adjusted unemployment rate for Miami-Dade County was 3.9 in January 2019. Compared to last year January there was a 0.2 percentage point decrease from the unemployment rate at 4.1 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since August 2017. It shows that Miami-Dade County is tracking the unemployment rate of the United States over time, although lower in January 2019 than that of the United States. Compared to December 2018 there was a 0.4 percentage point increase from the unemployment rate at 3.5 percent due to the increase in the labor force.

In January 2019, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.6 percent, which was a 0.5 percentage point lower than in January 2018.

January 2019
Unemployment Rate
(Not Seasonally Adjusted)
January 2018 to January 2019
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County3.9%-0.2%
Palm Beach County3.9%-0.1%
Broward County3.8%-0.1%
Florida3.9%-0.2%
United States4.4%-0.1%

From the data and analysis above, we see continued improvement in the local economy. Nevertheless, the community needs to remain focused on job-creation projects in targeted industries. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.

–end–

* The seasonally adjusted unemployment rate was unavailable at the time this report was composed.

The Miami-Dade Beacon Council Launches Miami Community Ventures (MCV) Program

(Miami, FL) February 28, 2019 –  The Miami-Dade Beacon Council, the County’s official public-private economic development partnership, is pleased to announce Miami Community Ventures (MCV). This One Community One Goal initiative is designed to connect low-income, structurally unemployed individuals to living wage jobs while diversifying and strengthening our economy. The program targets individuals who need public assistance, returning citizens and veteran sub-groups.

The Miami Community Ventures (MCV) program is based on an existing award-winning program in Michigan, which generated successful state-audited results. MCV has been designed to empower participants to succeed long-term, providing wrap-around support services in the areas of transportation, job training, child care, success coaching, education (emphasizing financial literacy), and social services for up to two years in order to ensure their successful transition into the workforce.

“This is a workforce initiative that can permanently and positively impact our community. Support from We need local businesses to support this program to help alleviate poverty in our under-served communities,” said Michael A. Finney, President & CEO of the Miami-Dade Beacon Council. “This program helps give people who never thought they would be able to actively participate in our workforce a viable opportunity to succeed.”

A four-month pilot was launched in three communities in January 2019: Liberty City, Overtown, and Goulds. The objective is to have 77 structurally unemployed individuals hired at the living wage ($13.44+) by the end of April 2019. The pilot initiative is being tracked closely, with learnings implemented when the program is later rolled out county-wide throughout Miami-Dade.

Thirty-seven community supporters are on-board as the program continues to recruit and identify companies that are willing to provide employment opportunities for structurally unemployed talent. Uber, a transportation network which offers services including peer-to-peer ridesharing, food delivery and more, has signed up to support the program as both a service provider—supplying transportation—and as an employer.

“Access to reliable transportation is a common barrier for many in our community seeking employment,” said Kasra Moshkani, Director/Head of South, Uber. “Uber is proud to work with the Miami-Dade Beacon Council through their Miami Community Ventures Program in order to expand earning opportunities for those who have faced roadblocks with employment options.”

The program has been made possible thanks to the support of sponsors including Allegany Franciscan Ministries, BankUnited, CareerSource South Florida, Florida Blue Foundation and SunTrust.

“Florida Blue is committed to the many aspects of our community’s health and well-being, and proud to support Miami Community Ventures,” says Florida Blue Market President Penny Shaffer. “We look forward to working with The Beacon Council and other stakeholders to make our communities safer, to alleviate poverty and to connect people with sustainable living-wage jobs.”

For more information about Miami Community Ventures, please contact scolas@beaconcouncil.com.

Capital Bank Names Roberto R. Muñoz Miami Market President

Distinguished Banking, Civic and Community Leader Brings Global Impact to New Position

MIAMI, Fla. (February 6, 2019) – Capital Bank, a member of the First Horizon National Corp. (NYSE:FHN) family of companies, announced Roberto R. Muñoz has been named market president of Miami and commercial bank and wealth executive. The well-known banking, civic and community leader with more than three decades of experience has facilitated over $27 billion dollars of economic activity within the state of Florida, the Caribbean, and Central and South America.

“We’re honored to welcome Roberto Muñoz to our team,” said Florida market president Jeff Jackson. “Roberto’s financial expertise and commitment to the community make him a perfect fit to lead our growth strategy in the international Miami market.”

Recognized for his long-time civic engagement, Muñoz is the 2019 chair of the World Trade Center Miami (WTCM), the region’s leading global trade promotion organization. The WTCM has generated more than $3.8 billion in international sales over the last 30 years and stimulated the creation of thousands of new jobs. Additionally, Muñoz is an officer on the executive board of the Miami-Dade Beacon Council; treasurer of the Greater Miami Chamber of Commerce and former chairman and president of the Florida International Bankers Association.

Muñoz serves on a host of additional boards including:   The Center for Financial Training, Southeastern Chapter; Center for Leadership Studies at Florida International University; the Chapman Partnership for the Homeless; and, the Boy Scouts of America South Florida Chapter. He is the 2019 recipient of its “Distinguished Citizen Award,” and was recognized as “Philanthropist of the Year” in 2015 by the Leukemia and Lymphoma Society of South Florida. Muñoz received the “Florida Business Ambassador Award” from Gov. Rick Scott in 2015.

He received an Associate of Arts degree in Business Administration from Miami Dade College and a Bachelor’s degree in Finance and International Business from Florida International University’s College of Business.

Capital Bank has more than 30 locations across South Florida. For more information, please visit capitalbank-us.com.

The Miami-Dade Beacon Council and Publishing Partner HCP Media Launch Advantage Miami 2019

MIAMI, FL., January 11, 2019 – The Miami-Dade Beacon Council, together with custom media company HCP Media, proudly unveil the 2019 edition of Advantage Miami, the County’s official business location guideThis “go-to” resource provides business owners, site selectors and talent looking to relocate with key information on Miami-Dade County’s business advantages, including its growing tech ecosystem, strategic global location, infrastructure and more.

Click to view the digital edition

“People’s understanding of Miami’s advantages as a world-class business destination have evolved as more and more businesses choose to call this community home,” states Michael Finney, President and CEO of The Miami-Dade Beacon Council. “We invite you to take a deep dive into this publication as it provides invaluable insights and data about all of the Advantages Miami has to offer, and why it’s the place to bring your business today when you are consciously building for tomorrow.”

Showcasing the data key stakeholders need in order to make informed, strategic decisions about the future of their business, the 2019 edition of Advantage Miami is a great resource for both local, domestic and international companies.

“Miami is known the world over as a vacation destination, and that’s great—but it’s not the whole story. This is a vibrant business community with global connectivity,” explains Maria Budet, Vice President, Marketing and Communications for The Miami-Dade Beacon Council. “Companies big and small are choosing to double down on Miami because of the business advantages we offer: strong, diverse talent pipeline; innovative culture with an entrepreneurial spirit; favorable business climate; the quality of life we are known for, and so much more. This publication allows us to share actionable information with individuals and companies looking to establish, expand, or relocate their business in a user-friendly way. It helps us tell Miami’s full story—and how The Beacon Council can help new and growing businesses make the most of everything we have to offer.”

“It is such a pleasure to create Advantage Miami on behalf of The Beacon Council knowing it is used to cultivate more business in Miami-Dade County,” says Marisa Beazel, President and Publisher of HCP Media. “This new edition is chock full of data, visually appealing photography and quotes from local business owners and community figures that continue to position Miami-Dade County as a burgeoning destination for art, technology, startups and more.”

For more information on this publication and for an opportunity to be a part of the next edition, please contact Cristiana Glassford at 305-376-5252.

The Miami-Dade Beacon Council Reaccredited by the International Economic Development Council

MDBC Represents Top 1% of Accredited Economic Development Organizations Globally

Miami, FL) January 10, 2018 –  The Miami-Dade Beacon Council, the County’s official public-private economic development partnership has been recognized as one of 62 economic development organizations to be designated by the International Economic Development Council (IEDC) as an Accredited Economic Development Organization (AEDO). The Miami-Dade Beacon Council was one of the first national organizations to be accredited, and has maintained that designation for almost twenty years.

“The Miami-Dade Beacon Council displays the professionalism, commitment, and technical expertise that is deserving of this honor,” said IEDC President and CEO Jeff Finkle.

The AEDO program is a comprehensive peer review process that measures economic development organizations against commonly held standards in the profession. The program consists of two phases: a documentation review and an onsite visit. Each phase is designed to evaluate the structure, organization, funding, program, and staff of the candidate economic development organization.

“Being a designated AEDO is coveted honor, since it places us in a distinguished, internationally recognized elite group,” said Michael A. Finney, President & CEO of The Miami-Dade Beacon Council. “Over the years, The Miami-Dade Beacon Council has continued to innovate and hone best practices that allow us to not only allow us to successfully market Miami as a world-class business destination, but attract companies to relocate to this community while diversifying the economy.”

Miami-Dade County Mayor Carlos A. Gimenez, who co-chairs the Beacon Council’s One Community One Goal initiatives, noted the importance of this AEDO reaccreditation in terms of spotlighting South Florida’s growing role on the world’s economic stage. “This success sends a clear message to global investors, corporations and entrepreneurs that the advantages of living, working, doing business, enjoying life and traveling to Miami continue to grow. We achieved this prosperity by developing seven areas of our economy, including technology, aviation, entertainment, banking and finance, trade and logistics, hospitality and tourism, and life sciences and healthcare. This winning approach sets us up for even greater future accomplishments.”

Earning the AEDO accreditation tells the community and prospective business enterprises that The Miami-Dade Beacon Council has attained an exceptional level of excellence, assuring residents and organizations that their trust is well-placed, and their business is in good hands. This past year, the organization celebrated a major milestone by supporting 50 companies in expanding or relocating to Miami-Dade County, which in turn created almost 2,000 jobs generating more than $402.6 million in new capital investments. This is a testament to the strength of the organization’s economic development initiatives and programing, and the direct impact it has on the growth of this global community.

Maintenance of the AEDO status is required every three years and is accomplished through documentation submissions and/or onsite visits by a team of the AEDO subcommittee.

The Miami-Dade Beacon Council Announces Multiple Promotions and New Hires

Maria Budet and Diana Londono Join the Economic Development Organization

(Miami, FL) January 10, 2018 –  The Miami-Dade Beacon Council, the County’s official public-private economic development partnership is pleased to announce Maria Budet and Diana Londono have recently joined the organization. Maria was hired as the Vice President of Marketing and Communications and Diana was hired as Vice President of Business Development. Both bring knowledge, creativity and different perspectives to the organization adding additional momentum to support the overall mission of marketing Miami as a world-class business destination.

With over 20 years of experience, prior joining The Miami-Dade Beacon Council, Maria was Group Director at Zubi Advertising (a WPP agency). During her time at Zubi Advertising she worked with Fortune 500 companies including Nestlé, Procter & Gamble, The J. M. Smucker Company, Johnson & Johnson, Dunkin’ Donuts, Walgreens, and SC Johnson. She also managed new business development, successfully landing 80% of the pitches championed during her tenure. Besides her marketing and communications work at Zubi, CSA Marketing and other partners, Maria also wrote for a variety of print and online publications including Latina, The Miami Herald,  New Times to name a few.

In her current role, Maria is responsible for shaping all organizational communications and marketing efforts, both internal and external. She also leads the development and implementation of strategy, including creative development and agency management, marketing effectiveness, digital and social marketing, paid media, sponsorships, events, partnerships and corporate communications.

Subsequently, Diana Londono joins the organization from Enterprise Florida Inc. (EFI), here she managed the Foreign Direct Investment (FDI) portfolio for The State of Florida. Londono also led the international business development and recruitment efforts for the state with support from ten international offices serving many markets. Diana first joined EFI as Stakeholder Engagement Manager where she supported the economic development partners from all regions and counties in the state, enhancing partnerships on the local and state level. Currently, Diana will continue to support the growth of international companies seeking to relocate to Miami-Dade County.

The Miami-Dade Beacon Council President & CEO, Michael Finney notes the importance of investing and developing talent to succeed as an organization.  “We are confident Maria’s and Diana’s background and experience are well suited to continue to drive the organization’s growth. They have both demonstrated their passion, enthusiasm, innovation, strategic approach and vision not only for business development but for the community.”

Other internal promotions include:

  • Madeline Mesa; Assistant to the President
  • Vanja Hajdukovic; Director, Economic Development
  • Melisa Brod; Coordinator, Investor Relations
  • Frances Fleites; Coordinator, Economic Development

“At The Miami-Dade Beacon Council we encourage internal growth opportunities within our staff to support their career development and are happy to see them be successful.” said Michael A. Finney, President & CEO of The Miami-Dade Beacon Council.

Miami-Dade’s Unemployment Rate Continues its downward trend at 3.2%, the lowest since November 2007

DECEMBER EMPLOYMENT REPORT

Presented by CareerSource

 

The numbers analyzed

In November 2018, Miami-Dade County area was the second largest metro area in year-over-the-year job gains in Florida, following Orlando-Kissimmee-Sanford area. The County created 24,200 new nonagricultural payroll jobs (not seasonally adjusted), from November 2017 to November 2018 which was a 2.0 percent increase. The jobs were created in different industries with the highest job creation occurring in Construction (7,900), Transportation, Warehousing & Utilities (7,300), Education & Health Services (7,100), Leisure and Hospitality (4,100) Manufacturing (3,600). The graphs below show the payroll data since February 2017.

SectorNov 2017 – Nov 2018Oct 2018 – Nov 2018
Construction+7,900 (+16.7%)+600 (+1.1%)
Transportation, Warehousing, & Utilities+7,300 (+9.6%)+1,300 (+1.6%)
Education & Health Services+7,100 (+3.8%)-300 (-0.2%)
Leisure and Hospitality+4,100 (+2.9%)+2,000 (+1.4%)
Manufacturing+3,600 (+8.3%)-900 (-1.9%)
Other Services+1,400 (+2.7%)+500 (+1.0%)
Information+600 (+3.2%)+400 (+2.1%)
Financial Activities+200 (+0.2%)‘+1,000 (+1.3%)
Total Government0 (0%)+500 (+0.3%)
Professional & Business Services-1,100 (-0.6%)+1,400 (+0.8%)
Retail Trade-2,700 (-1.8%)+4,300 (+2.9%)
Wholesale Trade-4,300 (-5.7%)-200 (-0.3%)

 

The not seasonally adjusted unemployment rate for Miami-Dade County was 3.2 in November 2018. Compared to last year November there was a 1.3 percentage point decrease from the unemployment rate at 4.5 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since February 2017. It shows that Miami-Dade County was tracking the unemployment rate of the United States until November 2018 when it was 0.3 percent lower than the unemployment rate of The United States.

In November 2018, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.7 percent, which was a 1.0 percentage point lower than in November 2017.

 November 2018
Unemployment Rate
(Not Seasonally Adjusted)
November 2017 to November 2018
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County3.2%-1.3%
Palm Beach County3.0%-0.8%
Broward County2.8%-0.8%
Florida3.0%-0.8%
United States3.5%-0.4%

From the data and analysis above, we see continued improvement in the local economy. Nevertheless, the community needs to remain focused on job-creation projects in targeted industries. These industries have been identified as the Miami-Dade County industries most able to create additional well-paying job opportunities, leading to an improved quality of life for Miami-Dade County residents. The Miami-Dade Beacon Council continues to aggressively work on attracting new companies to our community and work on the expansion and retention of existing business. For more information, visit www.beaconcouncil.com.

The job creation numbers are derived from the U.S. Bureau of Labor Statistics Current Employment Statistics Program (CES), and only account for non-farm payroll jobs. However, the unemployment rates are derived from the U.S. Bureau of Labor Statistics Local Area Unemployment Statistics Program (LAUS), which includes farm payroll jobs as well as self-employed workers.

In addition, the federal government typically conducts interviews in sample households to determine the unemployment rate. Miami-Dade County is one of six metropolitan areas in the United States that uses a different method solely based on a statistical model derived from several data sets.