August 2019 Employment Report

The numbers analyzed

In August 2019, Miami-Dade County area was the second largest metro area in year-over-the-year job gains in Florida, following the Orlando-Kissi­­mmee-Sanford area. The County created 28,500 new nonagricultural payroll jobs (not seasonally adjusted), from August 2018 to August 2019 which was a 2.4 percent increase. The highest job creation occurred in Education & Health Services (11,100), with most jobs created in the healthcare industry. Job creation also occurred in Professional & Business Services (5,600), Transportation, Warehousing & Utilities (4,800), Construction (2,300), Leisure and Hospitality (2,200), Other Services (1,900), Wholesale Trade (1,100), Manufacturing (400), and Total Government (400). Between July 2019 and August 2019, Total Government added 11,700 new jobs. This is the result of Miami-Dade County Public Schools starting its academic year and therefore rehiring teachers and staff. The graphs below show the payroll data since October 2017.

SectorAugust 2018- August 2019July 2019 – August 2019
Education & Health Services+11,100 (+6.0%)+2,500 (+1.3%)
Professional & Business Services+5,600 (+3.1%)+1,300 (+0.7%)
Transportation, Warehousing, & Utilities+4,800 (+6.3%)+1,100 (+1.4%)
Construction+2,300 (+4.4%)-300 (-0.5%)
Leisure and Hospitality+2,200 (+1.5%)+500 (+0.3%)
Other Services+1,900 (+3.7%)+500 (+0.9%)
Wholesale Trade+1,100 (+1.5%)-400 (-0.5%)
Manufacturing+400 (+1.0%)-300 (-0.7%)
Total Government+400 (+0.3%)+11,700 (+8.9%)
Information-400 (-2.0%)0 (0.0%)
Retail Trade-400 (-0.3%)-100 (-0.1%)
Financial Activities-500 (-0.6%)0 (0.0%)

The not-seasonally adjusted unemployment rate for Miami-Dade County was 3.5 in August 2019. Compared to last year August there was a 0.5 percentage point decrease from the unemployment rate at 4.0 percent. Compared to July 2019 there was a 0.2 percentage point increase from the unemployment rate at 3.3 percent. Below the graph 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 ten months the United States had a higher unemployment rate than Miami-Dade County.

In August 2019, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.2 percent, which is 0.4 percentage point lower than in August 2018.

August 2019
Unemployment Rate
(Not Seasonally Adjusted)
August 2018 to August 2019
Unemployment Rate Change
(Not Seasonally Adjusted)
Miami-Dade County3.5%-0.5%
Palm Beach County3.7%-0.1%
Broward County3.3%-0.1%
Florida3.5%-0.2%
United States3.8%-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.

The Beacon Council Foundation to Host One Community One Goal Report to the Community

Marcelo Claure, CEO of SoftBank Group International, to Keynote

 

WHAT:         

2019 Report to The Community         

The Future Of…Work| Talent| Collaboration| Community

See How Miami-Dade Powers Innovation

** Updated 2019 One Community One Goal data to be shared at event.

OCOG Miami Dade County achievements since 2012:

  • Helped create 171,855 new jobs in Miami-Dade County
  • 67,000 jobs across eight targeted sectors
  • Tech sector jobs have grown by 40 percent, from 8,173 in 2012 to 11,440 in 2018

WHO:           

One Community One Goal, The Beacon Council Foundation & Miami-Dade Beacon Council

Speakers

Keynote Speaker: Marcelo Claure, Chief Executive Officer, SoftBank Group International and Chief Operating Officer, SoftBank Group Corp.

OCOG recently named co-chairs:

  • Sheldon Anderson, Board Member of Grove Bank and Trust
  • Nitin R. Motwani, Managing Principal of Miami Worldcenter

Additional speakers include:

  • Carlos A. Gimenez, Miami-Dade Mayor
  • Alberto M. Carvalho, Superintendent of Miami-Dade Public Schools
  • Penny Shaffer, Florida Blue Market President and Chair of the Miami Dade Beacon Council
  • Rick Beasley, Executive Director of CareerSource Florida
  • Michael Finney, CEO of The Miami-Dade Beacon Council

WHERE:       

Jungle Island, Bayview Salon, 3rd Floor

1111 Parrot Jungle Trail, Miami FL

WHEN:        

Monday, September 16, 2019 at 8:00a.m.

8:00 – 9:30 a.m.        Networking and exhibit area

9:30 – 10:45 a.m.             Program

 

**On-site interviews available with Sheldon Anderson, Nitin R. Motwani and Michael Finney**

RSVP and interview requests: karina@kjdconsults.com / 305-323-8846

ADDITIONAL INFORMATION:

  • Speaker biographies and photos can be found here.
  • Recent OCOG Co-Chair announcement can be found here.
  • List of Miami-Dade Beacon Council Board of Directors can be found here.
  • Official event invitation can be found here.

 

About One Community One Goal

One Community One Goal is a roadmap for Miami-Dade County’s future economic development success.  This initiative provides a collaborative platform that promotes community-wide economic development and prosperity in Miami-Dade County, by driving innovation, leveraging strengths, providing clear thought leadership, and coalescing public and private priorities. One Community One Goal brings together a broad spectrum of Miami-Dade organizations, working to advance the goal of a thriving, inclusive and diverse community.

 

About the Miami‐Dade Beacon Council

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. For more information: www.beaconcouncil.com.

 

About the Beacon Council Economic Development Foundation

The Beacon Council Economic Development Foundation, Inc. is a Florida Not for Profit Corporation created exclusively for charitable and educational purposes:

  • To compile, prepare, and publish statistical data concerning Miami‐Dade County Florida and make such data available to all segments of the community;
  • To lessen the burdens of government;
  • To combat community deterioration; and to do all lawful acts incidental to the accomplishment of said charitable and educational purposes. The sole member of the Foundation is The Miami‐Dade Beacon Council, Inc.

For more information on OCOG and to review the OCOG Strategic Plan, go to https://www.beaconcouncil.com/ocog/the‐plan/

The Miami-Dade Beacon Council Announces Upcoming Transitions, Promotions and New Hires

Dyan Brasington retires as Executive Vice President of Economic Development; James Kohnstamm named successor

(Miami, FL) August 14, 2019 –  The Miami-Dade Beacon Council, the County’s official public-private economic development partnership, announced that Dyan Brasington has officially retired as the organization’s Executive Vice President of Economic Development. James Kohnstamm, formerly Senior Vice President of Economic Development, has been promoted to Executive Vice President and has already transitioned into his new position.

With more than 30 years of experience in economic development, Dyan brought a broad array of skills and depth of knowledge to The Miami-Dade Council including entrepreneurship, public policy advocacy, tech-led economic development and team building.

“During her time at the organization and throughout her entire career, Dyan has done a remarkable job of transforming the economic development model,” said Michael A. Finney, President & CEO, Miami-Dade Beacon Council. “Working in the same industry for so many years, I had known Dyan prior to coming to Miami-Dade and was happy to have the opportunity to work with her to drive investment in this community. We are extremely grateful for all her contributions to this organization and to Miami-Dade, which have positioned us for continued success. She is an incredible professional and individual, and she will be missed.”

James has been with the Miami-Dade Beacon Council for over thirteen years, serving as Senior Vice President since spring of 2016. He has worked with companies large and small, domestic and international, developing specific expertise in the Aviation industry where he has led efforts from expanding flight training capabilities to recruiting global aviation maintenance firms and working to establish an international air show in Miami. In his previous role, he managed over 70 projects which resulted in 6,200 new jobs, $1.5B in new investment, and 5.2M new square feet. Some of James’ successful projects include expansions or relocations for The Boeing Company, I Squared Capital, Starwood Capital, Cosentino, Deloitte, LAN Cargo, Ryder System, Bombardier, NBCUniversal/Telemundo, Univision, and UPS.

In his new role as Executive Vice President for Economic Development, James will lead a team of economic development professionals dedicated to continuing to grow Miami’s economy by supporting the expansion of local businesses and recruiting new innovative investments to Miami-Dade. He will focus on advancing key partnerships across the community and growing The Beacon Council’s forward-thinking, industry-leading economic development team.

The Miami-Dade Beacon Council understands that investing in and developing talent is essential to our success as an organization. Several internal promotions and new additions have also been part of the overall evolution of the team.

  • Christine Johnson, formerly Director of Innovation and Technology, has been promoted to Vice President, Innovation, Economic Development, where she will continue to lead recruitment, retention and expansion efforts for the technology and innovation sectors.
  • Dedicating himself to creating a climate that champions the promotion and growth of the Trade & Logistics industry in Miami-Dade County, Stanley Riguad, formerly Director, International Economic Development/Trade & Logistics has been promoted to Vice President, International Economic Development.
  • Samuel Blatt, former Economic Development Manager for the City of North Miami, joined The Beacon Council earlier this month as Economic Development Director. In his role as Director, Sam will focus on increasing quality jobs and investment throughout the County through business attraction, retention, and expansion efforts.
  • In the office of Budget & Administration, Marco Pharnord has been promoted from Senior Accountant to Director of Finance. With almost four years of close collaboration with the organization’s Chief Financial Officer and EVP, he has been a valuable partner and fully understands the nuances of the organization’s requirements. In his new role he will continue to partner with leadership across departments to ensure the fiscal integrity of the organization.

“We encourage talent development and seek to provide growth opportunities to our internal staff whenever possible, but we are lucky to live in a community with strong talent to draw from as well. We are happy to support the growth of all of these individuals and appreciate that we are a stronger organization and community for having them work to market, grow and shape Miami-Dade,” said Michael A. Finney, President & CEO, Miami-Dade Beacon Council.

###

About The Miami-Dade Beacon Council

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. For more information: www.beaconcouncil.com.

Sheldon T. Anderson and Nitin R. Motwani Named New Co‐Chairs of The Miami-Dade Beacon Council’s One Community One Goal Initiative

First Access Breakfast as Co-Chairs to be held on August 27th

(Miami, FL) August 8, 2019 The Miami‐Dade Beacon Council, the County’s official public‐private economic development partnership, and The Beacon Council Economic Development Foundation are pleased to announce that Sheldon T. Anderson and Nitin R. Motwani will be joining Miami‐Dade Mayor Carlos Gimenez as the new Co-Chairs of the organization’s One Community One Goal initiative. On August 27, 2019 at the OCOG Access Breakfast on Education & Workforce Development, both Nitin and Sheldon will be discussing their vision and plans as new  Co-Chairs of One Community One Goal.

One Community One Goal (OCOG) is a community-wide initiative focused on generating high paying jobs in Miami-Dade. The initiative is guided by a long‐term strategic plan launched in April 2011 which has galvanized a broad spectrum of professionals and organizations working to advance the goal of creating a thriving, inclusive and diverse community.

During their two‐year tenure as Co‐Chairs, Anderson and Motwani will provide leadership and counsel to ensure the expansion and development of seven elements essential to Miami‐Dade’s economy: physical infrastructure and resiliency; entrepreneurship and innovation; education and workforce development; business climate and policy; leadership; economic development marketing; and growth of target industries. Additionally, they will continue to drive support for the five-year, $15 million capital campaign designed to secure additional resources for stimulating the creation of high paying jobs.

From 2012 through 2018, One Community One Goal helped create 171,855 new jobs in Miami-Dade, including 67,000 jobs across eight targeted sectors: aviation, banking and finance, creative design, hospitality and tourism, life sciences and healthcare, technology, and trade and logistics. The most significant growth during that span came in the technology industry, a critical engine for skilled labor growth that is a top priority of The Beacon Council. The tech sector saw the number of new jobs in Miami-Dade grow by 40 percent, from 8,173 in 2012 to 11,440 in 2018.

Mr. Anderson is a respected business and community leader and a strong advocate for economic growth, education and the arts.  He is the retired Chairman and Chief Executive Officer of the Southeast Region of the Northern Trust Company.  He is an active philanthropist and Board member of many south Florida organizations; including Baptist Health South Florida, Miami Dade College Foundation, Institute of Contemporary Art, New World Symphony, Carrollton School of the Sacred Heart and the Orange Bowl Committee.  He is a Board member and past Chair of the Miami-Dade Beacon Council.

“I am pleased to join Mayor Gimenez, and Nitin Motwani in this venture to expand the economic growth of my home town, Miami Dade County.  I appreciate being entrusted with the work that began with so many outstanding community leaders.  We are committed to making a meaningful impact during our tenure,” said Sheldon T. Anderson, Co-Chair of One Community One Goal.

Mr. Motwani is Managing Principal of Miami Worldcenter, the $4 billion, 27-acre real estate development rising in the heart of Downtown Miami. In this role, he is responsible for everything from land acquisition, zoning, and entitlements to financing, joint ventures, and development. Mr. Motwani serves as a board member for the Miami Downtown Development Authority, where he has led efforts to attract hedge funds and financial services firms to Miami over the past six years. He also serves as the advisory board chair of the Master of Real Estate Development + Urbanism program (MRED+U) at the University of Miami.

“As someone who was raised in South Florida before leaving my hometown for college, only to return years later, I’ve seen first-hand how Miami-Dade can be fertile ground for career advancement,” says Mr. Motwani. “Reversing the trend of brain drain and attracting top-quality talent to Miami begins with creating a deep pool of workforce opportunities and ensuring that the companies doing business here have the resources and support they need to grow in place. One Community One Goal has been an effective platform for fueling that growth, and I look forward to building the program alongside Sheldon and Mayor Gimenez.”

“We couldn’t be happier that these two successful business leaders have agreed to be the new Co‐Chairs of One Community One Goal. Our community is experiencing one of the best economic times, with our unemployment rate continuing to decline and our One Community One Goal strategic plan helping drive more than 172,000 new jobs in the past six years,” said Michael A. Finney, President & CEO of the Miami‐ Dade Beacon Council.

“Our most recent co‐chairs—Penny Shaffer and Maria Alonso—did an amazing job, passing on the baton even stronger than they found it. We appreciate all the work they did for OCOG, the foundation and this community. We are confident both Sheldon and Nitin, working with Mayor Gimenez and the rest of OCOG leadership, will continue this momentum to ensure the success of One Community One Goal.”

The new Co‐Chairs will succeed Penny Shaffer, Florida Blue Market President and Chair of the Miami‐Dade Beacon Council, and Maria Alonso, CEO at United Way of Miami‐Dade.

###

About One Community One Goal (OCOG)

One Community One Goal is a roadmap for Miami-Dade County’s future economic development success.  This initiative provides a collaborative platform that promotes community-wide economic development and prosperity in Miami-Dade County, by driving innovation, leveraging strengths, providing clear thought leadership, and coalescing public and private priorities. One Community One Goal brings together a broad spectrum of Miami-Dade organizations, working to advance the goal of a thriving, inclusive and diverse community.

About The Miami‐Dade Beacon Council

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. For more information: www.beaconcouncil.com.

About the Beacon Council Economic Development Foundation

The Beacon Council Economic Development Foundation, Inc. is a Florida Not For Profit Corporation created exclusively for charitable and educational purposes:

  • To compile, prepare, and publish statistical data concerning Miami‐Dade County Florida and make such data available to all segments of the community;
  • To lessen the burdens of government;
  • To combat community deterioration; and to do all lawful acts incidental to the accomplishment of said charitable and educational purposes. The sole member of the Foundation is The Miami‐Dade Beacon Council, Inc.

For more information on OCOG and to review the OCOG Strategic Plan, go to https://www.beaconcouncil.com/ocog/the‐plan/

Miami-Dade County Unemployment Rate has been lower than the United States Unemployment Rate for the Last Eight Months

June Employment Report

Presented by CareerSource

The numbers analyzed

 

In June 2019, Miami-Dade County area was the third largest metro area in year-over-the-year job gains in Florida, following the Orlando-Kissi­­mmee-Sanford and Tampa-St. Petersburg-Clearwater areas. The County created 24,900 new nonagricultural payroll jobs (not seasonally adjusted), from June 2018 to June 2019 which was a 2.1 percent increase. The jobs were created in different industries with the highest job creation occurring in Education & Health Services (9,400), Leisure and Hospitality (5,400), Transportation, Warehousing & Utilities (4,800), Construction (3,400), Professional & Business Services (1,600), Other Services (1,400), Information (400) and Wholesale Trade (400). The graphs below show the payroll data since October 2017.

SectorJune 2018- June 2019May 2019 – June 2019
Education & Health Services+9,400 (+5.1%)-700 (-0.4%)
Leisure and Hospitality+5,400 (+3.8%)-1,600 (-1.1%)
Transportation, Warehousing, & Utilities+4,800 (+6.4%)+400 (+0.5%)
Construction+3,400 (+6.6%)+800 (+1.5%)
Professional & Business Services+1,600 (+0.9%)-2,700 (-1.5%)
Other Services+1,400 (+2.7%)+100 (+0.2%)
Information+400 (+2.0%)-100 (-0.5%)
Wholesale Trade+400 (+0.5%)+200 (+0.3%)
Total Government+200 (+0.2%)-10,400 (-7.2%)
Manufacturing+100 (+0.2%)-200 (+0.5%)
Retail Trade-800 (-0.5%)-300 (-0.2%)
Financial Activities-1,400 (-1.7%)-1,400 (-1.7%)

The not-seasonally adjusted unemployment rate for Miami-Dade County was 3.2 in June 2019. Compared to last year June there was a 0.8 percentage point decrease from the unemployment rate at 4.0 percent. Compared to May 2019 there was no percentage point difference from the unemployment rate at 3.2 percent. Below the graph 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 eight months The United States had a higher unemployment rate than Miami-Dade County.

In June 2019, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 3.3 percent, which was a 0.4 percentage point lower than in June 2018.

 June 2019
Unemployment Rate
(Not Seasonally Adjusted)
June 2018 to June 2019
Unemployment Rate Change
(Not Seasonally Adjusted)
Miami-Dade County3.2%-0.8%
Palm Beach County3.6%-0.3%
Broward County3.3%-0.4%
Florida3.5%-0.3%
United States3.8%-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.

Florida’s Top Government Officials Join Meggitt for Global Aftermarket Center of Excellence Grand Opening

MIAMI, FL—July 16, 2019-  The latest indication of Florida’s status of being an international aviation hub comes from aerospace giant Meggitt PLC with their Maintenance, Repair and Overhaul (MRO) center of excellence by celebrating its grand opening with their new facility expansion in Miami-Dade County.

Meggitt has invested close to $8 million in expanding an existing facility and adding a new purpose-built workshop to serve its growing customer base. The Miami hub was specifically located to make it easy to serve global airlines, engine manufacturers and defense customers in North and South America and could generate a significant number of new jobs over the next decade. The company has further plans to invest in the facility as it continues to grow its MRO capabilities at the site.

Senator Rick Scott said, “I’m proud to celebrate the grand opening of Meggitt’s new facility expansion today. Meggitt is a global leader in aerospace innovation, and their continued growth in Florida is great news for the local community and the state. Over the past two years, Meggitt has doubled the size of its facility, creating more jobs and opportunities in our state. I look forward to their continued success.”

“When we were looking at location options for our new aftermarket US headquarters, one of the first places we thought of was Miami,” said Tony Wood, Meggitt’s CEO. “It is an established aviation hub, centrally located with a growing economy and a ready-skilled workforce. We know the required aviation talent pool is there if we need to expand in the future. The aviation industry continues to thrive with an average annual growth rate in passenger travel of 5.5%. This guarantees the long-term success of support services like our new regional MRO center of excellence in Miami.”

“This is a significant win for our community,” said Miami-Dade Beacon Council President & CEO, Michael A. Finney. “Aviation is one of seven key target industries for Miami-Dade County, representing almost 500 aviation firms, 26,217 aviation jobs and 19% job growth in the last five years. The investments Meggitt plans to make here, coupled with the creation of new highly paid jobs, serve as strong advantages for Miami.”

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 shaping the local economy’s future. For more information, visit www.beaconcouncil.com

About Meggitt PLC

Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialized extreme environment engineering, Meggitt is a world leader in aerospace, defense and energy. Meggitt employs more than 11900 people at over 40 manufacturing facilities and regional offices worldwide.

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.