Miami-Dade Beacon Council Highlights Miami’s Business Accomplishments at the 2018 Annual Meeting & Key Ceremony

Celebrating a record-breaking year with 50 new and expanding companies, 2,000 new direct jobs and $402.7M in new capital investments

(Miami, FL) November 15, 2018 –  The Miami-Dade Beacon Council, the County’s official public-private economic development partnership, is pleased to announce this year’s achievements during its 2018 Annual Meeting & Key Ceremony. This year’s signature event theme “Miami SynchroniCity”, celebrates not only how many advantages Miami offers from a business perspective—diverse talent pipeline, location, global connectivity, technology, infrastructure and more—but how these converge in a way that is meaningful to the success of both companies and individuals. This convergence of people, passions, strengths, and spirit are part of what sets this community apart, serving as the foundation for Miami-Dade County’s economic development success story.

Slated for this upcoming Friday, Nov. 16, 2018, at the InterContinental Downtown Miami Hotel, The Beacon Council’s Annual Meeting will feature the organization’s official change in leadership as this year’s Chair Nelson Lazo, Chief Executive Officer of Doctors Hospital and Miami Orthopedics & Sports Medicine Institute, passes the gavel on to Incoming Chair, Penny Shaffer, Ph.D., South Florida Market President for Florida Blue.

This event celebrates the Miami-Dade business community’s many achievements over the past year, from being selected as a top 20 finalist in the bid for Amazon HQ2 to a record-breaking 50 companies working with The Beacon Council to expand or relocate to Miami-Dade County. These 50 companies alone drove $402.6 million in new capital investments and almost 2,000 direct new jobs. With unemployment at 3.6 percent, its lowest since 2008, and consistent growth in Miami-Dade’s target industries, 2017-2018’s successes speak to the impact of The Beacon Council’s economic development efforts and the One Community One Goal strategic plan.

Miami-Dade County Mayor, The Honorable Carlos A. Gimenez, will be honoring all 50 companies with a Key to Miami-Dade County. Representing a diverse portfolio of industries and countries, these businesses will be recognized by Mayor Gimenez as well as the County Commissioners, City Officials and other dignitaries who represent the communities they are moving into and the diverse countries they call home.

“We want to honor all those companies that have added to Miami-Dade County’s economy,” said Mayor Gimenez.  “In just six years, job growth has surged 15 percent across all industries, creating more than 160,000 new jobs… Along with our partners at The Miami-Dade Beacon Council, we are making sure not only our businesses, but also our residents have the necessary tools to grow and achieve their full potential.”

Approximately 400 people are expected to attend to this year’s event and participate in the highly anticipated “Miami SynchroniCity” Showcase, featuring more than 30 of the new and expanding businesses that are contributing to Miami-Dade County’s growing economy. Attendees have the opportunity to network one-on-one with other businesses, innovators and community leaders shaping the new Miami.

“It has been a full year since I first arrived in this community, and what a year it has been,” said Michael Finney, President and CEO of the Miami-Dade Beacon Council. “From being selected as a top 20 finalist for Amazon’s HQ2, to welcoming companies like Genius Plaza, Bombardier and Atlantic Sapphire to Miami-Dade County, we already see that, globally, people’s understanding of Miami as a business destination is changing. More and more people want to do business and be in Miami.”

“I am grateful that I had the opportunity to be part of The Miami-Dade Beacon Council this past year. The ability to be a true champion of the community where I am not only a business professional, but also a resident couldn’t make me prouder,” said Miami-Dade Beacon Council Former Chair, Nelson Lazo, Chief Executive Officer of Doctors Hospital and Miami Orthopedics & Sports Institute. “The Annual Meeting & Key Ceremony gives us an opportunity to not only acknowledge the companies who we have assisted, but also to reflect on the year’s efforts and how as a community, we will continue to be successful.”

“Miami continues to elevate our regional profile on a global scale, and I can’t think of a better time than now to be part of The Miami-Dade Beacon Council and to support our business community. We have achieved great success in the past year, not only by welcoming new companies but also by creating more jobs — all thanks to our One Community One Goal strategic plan,” said Miami-Dade Beacon Council Incoming Chair, Penny Shaffer, Ph.D., South Florida Market President for Florida Blue. “Our momentum is in full force and we need to take advantage of this excitement and energy.”

This annual event is made possible with the support of sponsors including TD Bank, Baptist Health South Florida, Doctors Hospital, Florida Power & Light, SunTrust and others. Ongoing support provided by Sustaining Investors American Airlines, Avison Young and The Miami Herald.

“TD Bank is proud to once again be the title sponsor of the Miami-Dade Beacon Council’s Annual Meeting and Key Ceremony, which showcases the various businesses and industries that shape Miami-Dade County. TD Bank supports initiatives that drive business and economic growth in our local communities, and The Beacon Council and Miami-Dade County both do an incredible job retaining businesses and attracting new and expanded businesses to be part of our community,” stated Pablo Pino, South Florida Market President – Commercial, TD Bank.

 

Leading EdTech Company Relocates Global Headquarters to Miami-Dade Adding over 100 Tech Jobs to the Community

The Miami-Dade Beacon Council, the county’s official public-private economic development partnership, is pleased to announce the opening of Genius Plaza, an innovative, proven EdTech-devised teaching program in Downtown Miami.

Genius Plaza’s arrival marks an important milestone in the Miami-Dade community as the company intends to create over 100 new tech jobs and make $1.28M in new capital investments over the next five years. The company’s decision drivers for relocating their headquarters to Miami mirror the reasons other companies are being drawn to Miami from other markets: Miami’s Advantages, including access to global markets, diverse talent, connectivity, cultural diversity and the region’s position as a growing tech hub.

“As we looked at our global plans and commitment to diversity, we knew Miami was the obvious choice. Our recent expansion to Africa demonstrated the need of what it meant to be in a global community, one like Miami. The global connectivity and access to all markets—beyond just Latin America—paired with the diverse talent were just two of the many reasons why relocating to Miami was the right choice,” said Ana Roca Castro, CEO & Founder, Genius Plaza.

The Miami-Dade Beacon Council worked diligently in partnership with Genius Plaza to assist with incentives and facilitate key introductions to strategic partners in the Miami-Dade business community.  Creating new tech jobs and hiring local talent to support the development of their culturally-relevant education platform, Genius Plaza is contributing to the community’s growing entrepreneurial and tech ecosystem. The Miami-Dade Beacon Council will continue to be a resource for Genius Plaza and the tech community, a target sector for the area’s growth and development.

“The technology industry has increased over 33% in the last five years, adding over 10,853 jobs in our community,” said Michael A. Finney, Miami-Dade Beacon Council President & CEO. “Given Miami’s rise in the tech scene, being placed eighth on the list of U.S. cities in terms of venture capital activity—right between Seattle and Chicago—welcoming a company like Genius Plaza into our community just proves that we are cultivating the next generation of startups and tech workers. Given our pipeline of talent and the growing level of investment in the sector, we are confident we will continue to see more and more tech companies relocate to Miami in the years to come.”

Genius Plaza’s award-winning, cloud-based platform provides access to culturally relevant,  personalized learning content in literacy, math, and science.  Its approach is to move students from being passive to being a protagonist of their own learning. Founded five years ago,  it is now in 22 countries and available in over 30 languages.

The Company’s stated goal is “to ignite the genius in every child using technology to bring the best quality education to communities around the world, especially the most underserved.”

“We know that genius lives in every zip code with access the only barrier, which is why we want students from all backgrounds to relate to the content, including the stories, the characters, and the experiences,” added Roca Castro.

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About The Miami- Dade Beacon Council

The Miami-Dade Beacon Council is the official economic development organization for Miami-Dade County. Its mission is to increase jobs and investment through marketing Miami as a world class business destination; helping grow local companies; and shaping Miami’s economic future.  Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.7 billion in new capital investments. A professional staff and volunteer community leaders work to promote Miami as a world-class 21st century community at the forefront of a changing global economy.

About Genius Plaza

Genius Plaza’s award-winning education platform is the first multicultural platform built for diverse communities and uses technology to remove obstacles to quality education by providing engaging content, tools, and resources where students are the protagonists of their own learning.  The cloud-based platform provides access to culturally relevant,  personalized learning content in literacy, math, and science.  The Company serves communities in 22 countries and is available over 30 languages including African Tribal languages & Indigenous languages.

Miami-Dade’s Unemployment Rates is 3.6%, The Lowest since February 2008 in Recent Employment Report

Miami-Dade County continues to be a good news story. The non-seasonally adjusted unemployment rate for Miami-Dade County was 3.9 percent, which was an 0.8 percentage point lower than in September 2017. It is the lowest unemployment rate from February 2008.

The numbers analyzed

 In September 2018, Miami-Dade County area was the second largest metro area  in year-over-the-year job gains in Florida. The County has created 50,200 new nonagricultural payroll jobs (not seasonally adjusted), from September 2017 to September 2018 which was a 4.4 percent increase. The jobs were created in different industries with the highest job creation occurring in Education & Health Services (9,700), Construction (9,600), Transportation, Warehousing & Utilities (8,900), Leisure and Hospitality (7,800), Professional and Business Services (6,700) and Manufacturing (6,400). The graphs below show the payroll data since December 2016.

In September 2018, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.9 percent, which was an 0.8 percentage point lower than in September 2017. It is the lowest unemployment rate from February 2008.

 

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.

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

 

 

 

 

Miami Community Ventures Program, A One Community One Goal Initiative Receives SunTrust Foundation’s 2018 Lighting the Way Award and $75,000 Grant

Recognized for its philanthropic contributions supporting Miami’s economic development, The Beacon Council Economic Development Foundation was awarded a 2018 Lighting the Way Award and $75,000 grant by the SunTrust Foundation for the launch of their Miami Community Ventures Program, part of the One Community One Goal initiative.

The SunTrust Foundation’s Lighting the Way Awards recognizes select nonprofit organizations that strengthen their local communities through programs that help people better their circumstances and gain financial confidence.

“We’re committed to building stronger communities, and our nonprofit partners are addressing community needs in innovative and very meaningful ways,” said Stan Little, president of the SunTrust Foundation. “Miami-Dade Beacon Council is set to improve the lives of many people, and we applaud their mission, long-term service and the impact they’re making where it’s most needed.”

“Receiving the SunTrust Foundation’s grant for this program is extremely significant as we work toward the official launch of the Community Ventures Program in Miami in early November 2018. The program was framed after a successful model I rolled out in Michigan, which generated positive state-audited results reflecting break-even achievement in the 20th month,” said Michael A. Finney, President & CEO, Miami-Dade Beacon Council and The Beacon Council Economic Development Foundation. “The mission of this program is to make communities safer, to alleviate poverty and to connect low-income, structurally unemployed individuals with sustainable living wage jobs. With this initiative, we are focusing on a very important segment in our community and we are also providing individuals an opportunity to establish financial independence that in return will help contribute to the Miami-Dade economy.”

Established in 2008, the SunTrust Foundation is committed to supporting a wide range of financial well-being efforts through grants and partnerships with local philanthropic organizations. To date, the SunTrust Foundation has awarded more than $140 million in grants to organizations across the United States.

About The Miami-Dade Beacon Council

The Miami-Dade Beacon Council is Miami-Dade County’s official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.6 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and fostering entrepreneurs, and shaping the County’s economic future.

About the SunTrust Foundation

The SunTrust Foundation is dedicated to SunTrust Bank’s purpose of Lighting the Way to Financial Well-Being by engaging organizations to advance financial confidence. Grants and activities focus primarily on financial empowerment, but also include education, health and human services, civic improvement and cultural growth. The SunTrust Foundation supports American Red Cross disaster relief efforts and contributes as a United Way Global Corporate Leader. Established in 2008, the SunTrust Foundation has proudly provided grants totaling more than $140 million throughout the United States.

Miami-Dade Unemployment Rates Continue a Downward Trend in August 2018 Report

Miami-Dade County continues to be a good news story. The non-seasonally adjusted unemployment rate for Miami-Dade County was down to 4.1% in August 2018, 0.2% lower than last month.  Year-over-year there was a 1.0% decrease, as the unemployment rate for August 2017 was 5.1%.

Additionally, we have seen a solid uptick in the creation of new jobs in the County. In August 2018, Miami-Dade County was in the top 3 metro areas in Florida in over-the-year job gains (right behind Orlando and Tampa). The County created 22,100 new non-agricultural payroll jobs (not seasonally adjusted), from August 2017 to August 2018, a 1.9% increase.

“Some of these increases in new jobs can be linked back to the start of the 2018-2019 school year, which brings back all the teachers who were on summer hiatus. This unusual spike occurs every year,” said Miami-Dade Beacon County President & CEO Michael Finney. “Our goal is to realize sustained growth in new jobs by following our long-term strategy of consistently focusing on high-paying target industries.”

The graphs below show the payroll data since November 2017.

Jobs were created in a variety of industries, with the highest job creation occurring in Transportation, Warehousing & Utilities (8,100), Manufacturing (6,900), Construction (6,600), and Education & Health Services (5,700). Between July 2018 and August 2018, Total Government added 11,100 new jobs. A segment of the increase in government jobs is due to teachers returning to their classrooms.

SectorAugust 2017 – August 2018July 2018 – August 2018
Transportation, Warehousing, & Utilities+8,100 (+11.3%)+400 (+0.5%)
Manufacturing+6,900 (+16.5%)-200 (-0.4%)
Construction+6,600 (+14.0%)-500 (-0.9%)
Education & Health Services+5,700 (+3.1%)+1,400 (+0.8%)
Other Services+400 (+0.8%)+1,000 (+2.0%)
Financial Activities0 (0%)-300 (-0.4%)
Information-100 (-0.5%)+200 (+1.1%)
Leisure and Hospitality-600 (-0.4%)+100 (+0.1%)
Wholesale Trade-900 (-1.2%)-100 (-0.1%)
Professional & Business Service-900 (-0.5%)-600 (-0.4%)
Total Government-1,000 (-0.7%)11,100 (+8.5%)
Retail Trade-2,200 (-1.5%)-400 (-0.3%)

The graph below compares the unemployment rate for Miami-Dade County with that of the United States since November 2016. It shows that Miami-Dade County tracks the unemployment rate of the United States, but at a slightly higher rate.

 

In August 2018, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 4.2 percent, which was an 0.5 percentage point lower than in August 2017.

August 2018
Unemployment Rate
(Not Seasonally Adjusted)
August 2017 to August 2018
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County4.1%-1.0%
Palm Beach County3.9%-0.5%
Broward County3.5%-0.5%
Florida3.8%-0.5%
United States3.9%-0.6%

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.

 

Miami-Dade’s Economy Remains Healthy as New Jobs

Miami-Dade’s Economy Remains Healthy as New Jobs Continue to be Added

 In July 2018, Miami-Dade County area was ranked 3rd for payroll job creation among major metro areas in Florida in over-the-year job gains. The Orlando area and Tampa area were ranked first and second respectively. Miami-Dade County created 24,300 new nonagricultural payroll jobs (not seasonally adjusted), from July 2017 to July 2018 which was a 2.1 percent increase.

Compared to last year, in July there was a 0.6 percentage point decrease from the unemployment rate at 4.9 percent. The not seasonally adjusted unemployment rate for Miami- Dade County was 4.3 in July 2018, which was an 0.2 percentage point higher than in June 2018.

The jobs were created in different industries with the highest job creation occurring in Construction (7,900), Manufacturing (7,400), Transportation, Warehousing & Utilities (7,400), and Education & Health Services (6,400). The graphs below show the payroll data since November 2017.

“This time of year, we do expect minor variances in the unemployment rate,” said Jaap Donath, Miami-Dade Beacon Council Senior Vice President of Research and Strategic Planning. “The Miami-Dade’s economy remains robust as we continue to create new jobs, especially in our high paying target industries.”

The graphs below show the payroll data since November 2016.

Payroll Changes for the Major Sectors in Miami-Dade County

SectorJuly 2017 – July 2018June 2018 – July 2018
Construction+7,900 (+16.9%)+1,300 (+2.4%)
Manufacturing+7,400 (+17.7%)0 (0%)
Transportation, Warehousing, & Utilities+7,400 (+10.3%)-700 (-0.9%)
Education & Health Services+6,400 (+3.6%)+1,800 (+1.0%)
Financial Activities+200 (+0.2%)+600 (+0.8%)
Professional & Business Service+100 (+0.1%)-100 (-0.1%)
Leisure and Hospitality+100 (+0.1%)-1,600 (-1.1%)
Information-200 (-1.1%)-100 (-0.5%)
Wholesale Trade-800 (-1.1%)-100 (-0.1%)
Retail Trade-1,000 (-0.7%)+1,300 (+0.9%)
Other Services-1,000 (-1.9%)-1,800 (-3.4%)
Total Government-2,300 (-1.7%)-1,600 (-1.2%)

Below the graph compares the unemployment rate for Miami-Dade County with that of the United States since November 2016. It shows that Miami-Dade County tracks the unemployment rate of the United States, but at a slightly higher rate.

Unemployment rate for South Florida, Florida and the United States

July 2018
Unemployment Rate
(Not Seasonally Adjusted)
July 2017 to July 2018
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County4.3%-0.6%
Broward County3.7%-0.4%
Palm Beach County4.0%-0.4%
Florida4.0%-0.4%
United States4.1%-0.5%

From the data and analysis above, we see continued improvement. 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.

One Community One Goal 2018 Report to the Community-Program

Thank you for accepting our invitation to attend tomorrow’s One Community One Goal Report to the Community Event at Marlins Park.  Click here to view program for tomorrow’s event.

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About One Community One Goal (OCOG)

The purpose of One Community One Goal is to provide Miami-Dade County with a roadmap for its future economic development success.  It offers strategic recommendations aimed at creating an environment where significant job creation occurs with a focus on new higher-paying jobs in target industries.  It is a community-wide effort that provides a unified vision for long-term economic growth in Miami-Dade County.

About The Miami-Dade Beacon Council

The Miami-Dade Beacon Council is Miami-Dade County’s official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.6 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and fostering entrepreneurs, and shaping the County’s economic future.

To learn more about Advantage Miami, visit our new website.

 

 

One Community One Goal Champions Miami-Dade County’s Economy 2018 Report to the Community

Media Contact
Maria Teresa Garcia
Communications Manager
tgarcia@beaconcouncil.com

(Miami, FL) – July 23, 2018 –One Community One Goal (OCOG), Miami-Dade County’s long term strategic plan for economic growth, celebrates its sixth anniversary at this year’s Report to the Community. The event will take place on Wednesday, July 25th at Marlins Park. Keynote speaker Mark Wilson, President and CEO, Florida Chamber of Commerce, will challenge the audience to focus on Miami’s path to prosperity by 2030.  This is an opportunity for the community to learn about the advantages of Miami, meet key companies that are driving the economic success, and build essential networks.

The foundation of One Community One Goal (OCOG) is the expansion and development of the seven (7) community priorities: physical infrastructure & resiliency, entrepreneurship & innovation, education & workforce development, business climate & policy, target industries, economic development marketing and leadership. These priorities are the necessary elements needed to enhance Miami-Dade’s successful business environment.

“We are experiencing one of the best periods of economic prosperity in our county’s history. One Community One Goal is working and we are all seeing the benefits of using a community-wide economic strategy to grow Miami-Dade’s economy,” stated OCOG Co-Chair and Mayor of Miami-Dade County, Carlos Giménez.

“What an advantage One Community One Goal has been to Miami’s economy.  Every year we seem to watch the number of jobs being created go up and the unemployment rate go down” said OCOG Co-Chair, Penny Shaffer, PhD South Florida Market President for Florida Blue.

“What’s exciting is that One Community One Goal provides us with a roadmap and a focus that brings our community’s key economic drivers into alignment and moves them forward in the same direction,” said OCOG Co-Chair Maria C. Alonso, President & CEO of the United Way of Miami-Dade County.

According to EMSI, since 2012, there has been an 18% increase in job growth in the seven target industries representing over 67,015 jobs in aviation, banking & finance, creative design, hospitality & tourism, life sciences & healthcare, technology, and trade and logistics.

“These are very positive job statistics,” said Rick Beasley, Executive Director of CareerSource South Florida. “Add these job creation numbers to the latest statistics that show the present unemployment rate in Miami-Dade County which is at 4.0%, the lowest since the last recession. It’s also important we continue to invest in developing our workforce to protect our intellectual capital and build the talent pipeline.”

“While we remain focused on creating high paying jobs and building a world-class educational ecosystem, One Community One Goal is expanding its platform to include solutions for community-wide challenges such as workforce/affordable housing, resiliency, and talent enhancement.” said Michael Finney, Miami-Dade Beacon Council President & CEO.

Click here to register to the event. We also want to thank our Title sponsor CareerSource South Florida and all of our other sponsors of the 7th Annual One Community One Goal Report to the Community for supporting the One Community One Goal initiative and the success of Miami-Dade County: Miami Marlins, Miami-Dade County, Miami Herald, American Airlines, JP Morgan Chase & Co.,  First Bank, Florida Blue, Greater Miami Convention and Visitors Bureau (GMCVB), Wells Fargo, Baptist Health South Florida, Carlton Fields, Compass, TD Bank, EWM Real Estate, FPL, Sun Trust, Nicklaus Children’s Hospital and Miami Lighthouse for the Blind.

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About One Community One Goal (OCOG)

The purpose of One Community One Goal is to provide Miami-Dade County with a roadmap for its future economic development success.  It offers strategic recommendations aimed at creating an environment where significant job creation occurs with a focus on new higher-paying jobs in target industries.  It is a community-wide effort that provides a unified vision for long-term economic growth in Miami-Dade County.

About The Miami-Dade Beacon Council

The Miami-Dade Beacon Council is Miami-Dade County’s official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.6 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and fostering entrepreneurs, and shaping the County’s economic future.

To learn more about Advantage Miami, visit our new website.

 

 

Introducing Business Continuity Initiative for the 2018 Hurricane Season

Media Contact
Maria Teresa Garcia
Communications Manager
tgarcia@beaconcouncil.com

(Miami, FL) – May 31, 2018 – The Miami-Dade Beacon Council, the county’s official public-private economic development partnership introduces the 2018 Business Continuity plan, designed to keep new and existing businesses operational during this hurricane season. This plan is part of the One Community One Goal initiative to support community resiliency and evolved from last year’s HRBA (Hurricane Recovery Business Assistance) initiative that was implemented after Hurricane Irma.

According to FEMA, 40% of businesses never survive the economic impact of a severe storm, this year’s Business Continuity effort is focused on arming new and existing local business with the right tools enabling them to prepare and recover quickly from a major storm.

The new and revised disaster toolkit will also be an important resource that provides valuable information to business owners from access to capital to post-storm recovery statistics, full of data and links.

“The FEMA data on the survival of businesses after a storm is of special importance to Miami-Dade County, since we lead the nation in the number of startups. Businesses are the most vulnerable during their first year of existence, so, for them and all of the other at-risk small business owners in our area, we took the initiative to help improve their survival rate,” said Miami-Dade Beacon Council President & CEO Michael Finney.

To kick off the 2018 hurricane season the Miami-Dade Beacon Council along with the Small Business Development Center (SBDC) at FIU, Miami-Dade County, and FIU’s Pino Global Entrepreneurship Center will be hosting two business continuity & disaster preparedness webinars for business owners who want to take a proactive approach on being prepared for the Hurricane Season.

  • Disaster Recovery Funding Webinar June 1st, 2018
  • Business Continuity & Disaster Preparedness Webinar June 19th, 2018

In addition to the webinars, below is a compendium of links of additional resources businesses need to survive a hurricane:

  • For a list of preparedness resources, please click here;
  • For information regarding the Florida SBDC’s Business Continuation services and Bizaster app, pleaseclick here;
  • The state’s official source of information for individuals and businesses from the Florida Division of Emergency Management, click here;
  • The 2018 Disaster Preparedness Sales Tax Holiday begins Friday, June 1 and extends through Thursday, June 7. To learn more about the holiday and qualifying items, please click here;
  • For a hurricane preparedness checklist and other resources from the U.S. Small Business Administration (SBA), please click here;
  • International Economic Development Council (IEDC) Disaster Recovery Resources to the Economic Development Professions, click here;
  • FEMA preparedness planning checklist for your business, click here.

“Local business storm victims have been an untold story. When business owners struggle providing their families with necessities like food, water and shelter, meeting the demands of maintaining a successful business becomes a secondary priority. This initiative will allow businesses in Miami-Dade to be prepared prior to the storm and remain open for business once the disaster hits,” said Sheri Colas-Gervais, Vice President, Economic Development & Urban Initiatives at the Miami-Dade Beacon Council. “The input from the small business community is of great value to us as we continue to provide the necessary information necessary for local businesses.”

Colas-Gervais said the Business Continuity Plan is a dynamic program that will change and evolve as needed by the Miami-Dade business community.

ABOUT THE MIAMI-DADE BEACON COUNCIL

The Miami-Dade Beacon Council is Miami-Dade County’s official economic development partnership. The not-for-profit public-private organization focuses on job creation and economic growth. Since 1985, the organization has assisted more than 1,000 businesses that have created nearly 70,000 direct jobs and added more than $4.6 billion in new capital investments. It accomplishes this by marketing Miami-Dade as a world-class business location, growing local companies and fostering entrepreneurs, and shaping the County’s economic future.

November Employment Report: 13,900 jobs were created in Miami-Dade last month while unemployment rate continues to stay low during the holiday season

Media Contact:

Maria Teresa Garcia

Communications Manager

tgarcia@beaconcouncil.com

(305) 579-1341

(Miami, Florida – December 22, 2017) – Miami-Dade County’s economy remains in good standing with the creation of 13,900 nonagricultural payroll jobs reflecting a 1.2% increase since October 2017. According to the November’s U.S Department of Labor report 27,100 jobs have been created since November 2016, a 2.3% increase. Leading the way in job creations are manufacturing, wholesale trade, transportation, warehouse and leisure and hospitality sectors.

“As we go into the end of the year, we continue to notice the increase of jobs in Miami-Dade County,” stated Michael Finney, President & CEO of the Miami- Dade County. “With the on-going support of One Community One Goal in identifying fast-growing industries such as Trade& Logistics and Life Sciences & Healthcare, Miami will continue to notice this upward trend in job creation coming into 2018.”

The numbers analyzed

The not seasonally adjusted unemployment rate for Miami- Dade County was 4.6 in November 2017, which means there was no change from October 2017. The 4.6 percent unemployment rate is the lowest since May 2008, prior the Great Recession. Compared to last year November there was a 0.4 percentage point decrease with the unemployment rate at 5.0 percent. Below the graph compares the unemployment rate for Miami-Dade County with that of the United States. It shows that Miami-Dade County tracks the unemployment rate of the United States, but at a slightly higher rate.

In November 2017, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 4.6 percent, which was a 0.9 percentage point lower than November 2016.

Miami-Dade County has created 27,100 new nonagricultural payroll jobs (not seasonally adjusted), from November 2016 to November 2017 which was a 2.3 percent increase. At the same time, between October 2017 and November 2017, Miami-Dade County increased nonagricultural payroll jobs by 13,900 or 1.2 percentage point increase. The graphs below show the payroll data since March 2016.

SectorOctober 2017 – November 2017 Job Change (%)November 2016 – November 2017 Job Change (%)
Retail Trade+5,000 (+3.4%)+1,400 (+0.9%)
Transportation, Warehousing, & Utilities+4,300 (+5.9%)+4,400 (+6.1%)
Leisure and Hospitality+2,200 (+1.5%)+2,500 (+1.7%)
Professional & Business Service+1,700 (+1.0%)+2,300 (+1.3%)
Manufacturing+ 1,400 (+ 3.4%)+1,600 (+3.9%)
Wholesale Trade+1,300 (+1.7%)+5,100 (+6.9%)
Financial Activities+1,200 (+1.5%)+700 (+0.9%)
Total Government+ 500 (+ 0.3%)+ 2,200 (+ 1.5%)
Information+100 (+0.5%)0 (0%)
Other Services-600 (-1.0%)+2,600 (+4.7%)
Construction-1,500 (-3.3%)+300 (+0.7%)
Education & Health Services-1,700 (-0.9%)+4,000 (+2.2%)

 

November 2017
Unemployment Rate (Seasonally Adjusted)
November 2017
Unemployment Rate
(Not Seasonally Adjusted)
November 2016 to November 2017
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County4.6%4.6%-0.4%
Broward/Palm Beach/ Miami-Dade*3.6%0%
Florida3.6%3.8%-1.0%
United States4.1%3.9%-0.5%

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.

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