March 2021 Employment Report

The numbers analyzed

 In March 2021, the not seasonally adjusted unemployment rate in Miami-Dade County was 8.2 percent. From February 2021 to March 2021, there was an increase of 7,800 nonagricultural payroll jobs, which is a 0.7 percentage point increase. Many sectors have begun adding jobs. The County had a reduction of 82,500 nonagricultural payroll jobs (not seasonally adjusted), from March 2020 to March 2021 which was a 6.8 percentage point decrease, still reflecting the COVID-19 crisis.

 

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (March 2020 with March 2021). This is in particularly true when comparing the three months leading up to the COVID-19 crisis to the first three months of 2021. The graph below shows the payroll data since November 2018.

 

 

Between March 2020 and March 2021, every sector saw a decrease in the number of non-agricultural payroll jobs. At the same time, the change in non-agricultural payroll job between February 2021 and March 2021 shows that many sectors are adding jobs during that time period.

 

 

SectorMarch 2020- March 2021February 2021 – March 2021
Professional & Business Services-100 (-0.1%)+1,800 (+1.0%)
Financial Activities-900 (-1.1%)+800 (+1.0%)
Manufacturing -1,300 (-3.1%)0 (+0.0%)
Information-1,700 (-8.4%)+100 (-0.5%)
Construction-2,100 (-3.9%)+300 (+0.6%)
Wholesale Trade-4,100 (-5.6%)+800 (-1.2%)
Other Services-4,400 (-8.8%)+600 (+1.3%)
Transportation, Warehousing, & Utilities-6,200 (-7.2%)+2,000 (-2.6%)
Total Government-7,300 (-5.0%)+200 (+0.1%)
Retail Trade-9,100 (-6.4%)+200 (-0.2%)
Education & Health Services-10,400 (-5.3%)-1,200 (-0.6%)
Leisure and Hospitality-34,900 (-24.2%)+2,200 (+2.1%)

Not seasonally adjusted unemployment rate

 

The not seasonally adjusted unemployment rate in March of 2021 at 8.2 percent is 6 percent points higher than in March of 2020. When comparing unemployment rate monthly, the unemployment rate of March 2021 is 0.3 percentage points higher than the previous month, February 2021 when the unemployment rate was 7.9 percent.
The graph compares the unemployment rate for Miami-Dade County with that of the United States since December 2018.

 

 

 

 

 

 

March 2021
Unemployment Rate
(Not Seasonally Adjusted)
March 2020 to

March 2021
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County8.2%+6.0%
Broward County5.3%-0.6%
Palm Beach County4.7%-0.7%
Florida5.3%+0.3%
United States6.2%+1.7%

Seasonally adjusted unemployment rate

 

In March 2021, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 8.1 percent, which is 6.2 percentage points higher than in March 2020. The unemployment rate is 0.3 percentage points lower than in February 2021 when it was at 8.3 percent. The seasonally adjusted unemployment data allows for better analysis over longer periods of time and reflect the long-term trends more clearly.

 

 

From the data and analysis above, we continued to observe the negative impact of COVID-19 on our local economy. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. 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.
Additionally, analyzing Miami’s unemployment history in the graph below, the Miami metro area labor force statistics use a different measurement method than all other counties in Florida. The information for the monthly employment and unemployment estimates come from Current Population Survey (CPS). There are only seven large areas across the nation which uses this labor force statistics model. The increase in the count of unemployed individuals in Miami-Dade County in September 2020 and the subsequent decrease in October was driven by the responses of Miami residents to the Current Population Survey.

February 2021 Employment Report

The numbers analyzed

 In February 2021, the not seasonally adjusted unemployment rate in Miami-Dade County was 7.9 percent. From January 2021 to February 2021, there was an increase of 6,500 nonagricultural payroll jobs, which is a 0.6 percentage point increase. The County had a reduction of 110,400 nonagricultural payroll jobs (not seasonally adjusted), from February 2020 to February 2021 which was an 8.9 percentage point decrease.

 

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (January 2020 with January 2021). This is in particularly true when comparing the three months leading up to the COVID-19 crisis to the first two months of 2021. Year over year, every sector saw a decrease in the number of non-agricultural payroll jobs. The graph below shows the payroll data since November 2018.

From February 2020 to February 2021 there was a reduction of 110,400 non-agricultural payroll jobs. From January 2021 to February 2021 there was an increase of 6,500 non-agricultural payroll jobs.

 

 

The change in non-agricultural payroll job between January 2021 and February 2021 shows that several sectors added jobs during that time period.

 

SectorFebruary 2020- February 2021January 2021 – February 2021
Financial Activities-2,000 (-2.4%)+300 (+0.4%)
Manufacturing -2,300 (-5.4%)+800 (+2.0%)
Information-2,300 (-10.3%)+200 (-1.1%)
Construction-2,700 (-4.9%)+100 (+0.2%)
Professional & Business Services-5,200 (-2.8%)+3,600 (+2.0%)
Wholesale Trade-5,300 (-7.2%)-600 (-0.9%)
Other Services-5,600 (-11.1%)+500 (+1.1%)
Total Government-9,100 (-6.2%)1,200 (+0.9%)
Transportation, Warehousing, & Utilities-9,700 (-11.1%)0.0 (-0.0%)
Retail Trade-10,700 (-7.5%)-1,200 (-0.9%)
Education & Health Services-11,500 (-5.8%)+400 (+0.2%)
Leisure and Hospitality-44,000 (-29.4%)+1,200 (+1.1%)

Not seasonally adjusted unemployment rate

 

The not seasonally adjusted unemployment rate of 7.9 percent in February 2021 compared to last year is 6.3 percentage points higher than the unemployment rate at 1.6 percent in February 2020. Compared to January 2021 there was a 0.2 percentage point decrease from the unemployment rate at 8.1 percent.

Additionally, analyzing Miami’s unemployment history in the graph below, the Miami metro area labor force statistics use a different measurement method than all other counties in Florida. The information for the monthly employment and unemployment estimates come from Current Population Survey (CPS). There are only seven large areas across the nation which uses this labor force statistics model. The increase in the count of unemployed individuals in Miami-Dade County in September 2020 and the subsequent decrease in October was driven by the responses of Miami residents to the Current Population Survey. The graph compares the unemployment rate for Miami-Dade County with that of the United States since December 2018.

 

 

 

 

 

February 2021
Unemployment Rate
(Not Seasonally Adjusted)
February 2020 to

February 2021
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County7.9%+6.3%
Broward County5.6%+2.3%
Palm Beach County4.5%+1.2%
Florida5.0%+1.9%
United States6.6%+2.8%

 

Seasonally adjusted unemployment rate

 

In February 2021, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 8.3 percent, which is 6.3 percentage points higher than in February 2020. The unemployment rate is 0.1 percentage points lower than in January 2021 when it was at 8.4 percent.

 

 

From the data and analysis above, we continued to observe the negative impact of COVID-19 on our local economy. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. 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.

Diana Londoño is Awarded with 40 Under 40 Award in Economic Development by DCI

Miami, FL– March 17, 2021 – Diana Londono, Vice President of International Economic Development for the Miami-Dade Beacon Council has been announced as a recipient of the 2021 Economic Development 40 Under 40 Award, the biennial award recognizing rising stars under 40 years old in the economic development industry.

The awards program is hosted by Development Counsellors International (DCI), a New York-based integrated marketing firm that works with economic development and travel organizations around the globe, and Jorgenson Consulting, a leading national executive search firm serving organizations in non-profit, economic, and community development industries. An independent selection committee of six economic development professionals and site selection consultants evaluated a record-number of 200-plus nominees.

“This past year has demonstrated the importance of economic development in building and sustaining resilient communities,” said Julie Curtin, president of DCI’s economic development practice. “I’m especially impressed by the diverse perspectives and skillsets of this year’s winners as they lead communities to prioritize new ways of thinking, building inclusive and equitable economies, and bringing an attitude of fresh new ideas to the challenges in the industry. The economic development future is bright with these young leaders.”

“I am honored to be recognized as one of the 2021 Economic Development 40 under 40 rising star,” said Diana Londono, Vice President of International Economic Development for the Miami-Dade Beacon Council. “This recognition embodies my commitment to equitable creation of wealth for individuals, communities, and businesses.”

“Since joining the organization in 2018, Diana has become an integral part of our business development team, using her experience and enthusiasm to bring a unique point of view to our organization and to Miami’s economic development as a whole,” said Michael A. Finney, President and CEO, Miami-Dade Beacon Council, the County’s official economic development organization. “Not only was she selected as a rising star from a pool of 200 potential candidates but has proven results while serving at Enterprise Florida and The Miami-Dade Beacon Council.”

Diana Londono joined the Miami-Dade Beacon Council from Enterprise Florida Inc. (EFI), there 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. In her current role at the Miami-Dade Beacon Council, Diana supports the expansion of international business development and recruitment efforts for the County. Additionally, as part of her role she also leads the Creative Design Committee, a cross-industry platform that brings together Miami-Dade County’s creative design employers to address issues and growth opportunities together.

“The economic development industry is in good hands with these rising leaders,” said Todd Jorgenson, managing director and principal of Jorgenson Consulting, Inc. “The communities they represent—from Tuxpan, Mexico to Covington, Kentucky to Québec, Canada—are fortunate to have the smart, innovative ideas of this year’s winners.”

DCI and Jorgenson officially announced the winners last night at a virtual awards reception held in conjunction with the International Economic Development Council Leadership Summit.

 

For more information on the 40 Under 40 awards program and this year’s winners, visit econdev40under40.com.

 

Media Contacts:     

Maria Teresa Garcia

Communications Manager, Miami- Dade Beacon Council

305.335.8894

tgarcia@beacouncouncil.com

 

Julie Curtin

President, Economic Development, DCI

303.627.0272

julie.curtin@aboutdci.com

 

Download Diana Londoño’s headshot here.

###

 

About the MiamiDade 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-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade, creating more than 104,000 direct and indirect jobs combined, and driving more than $6.7 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class business community at the forefront of a changing global economy, driving long-term growth and prosperity for the region. For more information, visit: www.beaconcouncil.com.

 

About DCI

Considered the leader in marketing places, Development Counsellors International (DCI) specializes in economic development and tourism marketing. The agency has designed integrated marketing campaigns for more than 500 cities, regions, states and countries since it was established in New York City in 1960. Services include public relations, branding, research, websites, paid media, and talent attraction. www.aboutdci.com

 

About Jorgenson Consulting

Founded in 1992, Jorgenson Consulting has worked diligently over the past 29 years to establish itself as a premier national executive search firm. With a focus on the fields of non-profit, economic and community development, we partner with our clients to help them identify and secure the highest caliber of executive talent. Our goal is to develop a thorough understanding of our clients and leverage that knowledge with our own expertise and resources to source executive talent that can truly serve the organization by yielding economic benefits while also contributing to a community’s competitive advantage. www.jci-inc.net

 

January 2021 Employment Report

The numbers analyzed

In January 2021, the not seasonally adjusted unemployment rate in Miami-Dade County was 8.1 percent. The County had a reduction of 107,600 nonagricultural payroll jobs (not seasonally adjusted), from January 2020 to January 2021 which was an 8.8 percentage point decrease. From December 2020 to January 2021, there was a decrease of 16,300 nonagricultural payroll jobs, which is a 1.4 percentage point decrease.

 

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (January 2020 with January 2021). This is in particularly true when comparing the three months leading up to the COVID-19 crisis to January 2021. Miami-Dade County saw one of the largest. Year over year, every sector saw a decrease in the number of non-agricultural payroll jobs. The graph below shows the payroll data since November 2018.

 

From January 2020 to January 2021 there was a reduction of 107,600 non-agricultural payroll jobs. From December 2020 to January 2021 there was an decrease of 16,300 non-agricultural payroll jobs.

 

 

The change in non-agricultural payroll job between December 2020 and January 2021 shows that only two sectors have added jobs. These sectors include Construction (+500) and Wholesale Trade (+600).

 

SectorJanuary 2020- January 2021December 2020 – January 2021
Manufacturing -1,600 (-3.8%)-1,600 (-3.8%)
Construction-1,800 (-3.4%) +500 (+1.0%)
Information-2,100 (-10.3%)-200 (-1.1%)
Financial Activities-2,200 (-2.7%)-2.200 (-2.7%)
Wholesale Trade-4,500 (-6.1%)+600 (+0.9%)
Other Services-6,000 (-11.9%)-200 (-0.4%)
Professional & Business Services-6,300 (-3.4%)-3,900 (-2.2%)
Total Government-9,300 (-6.3%)-100 (-0.1%)
Education & Health Services-9,400 (-4.8%)-2,300 (-1.2%)
Retail Trade-10,700 (-7.4%)-3,400 (-2.5%)
Transportation, Warehousing, & Utilities-11,200 (-12.6%)-3,200 (-4.0%)
Leisure and Hospitality-42,500 (-28.9%)-300 (-0.3%)

 

Not seasonally adjusted unemployment rate

The not seasonally adjusted unemployment rate of 8.1 percent in January 2021 compared to last year is 6.3 percentage points higher than the unemployment rate at 1.8 percent in January 2020. Compared to December 2020 there was a 0.2 percentage point increase from the unemployment rate at 7.9 percent.

 

Additionally, analyzing Miami’s unemployment history in the graph below, the Miami metro area labor force statistics use a different measurement method than all other counties in Florida. The information for the monthly employment and unemployment estimates come from Current Population Survey (CPS). There are only seven large areas across the nation which uses this labor force statistics model. The increase in the count of unemployed individuals in Miami-Dade County in September 2020 and the subsequent decrease in October was driven by the responses of Miami residents to the Current Population Survey. The graph compares the unemployment rate for Miami-Dade County with that of the United States since December 2018.

 

 

 

 

January 2021
Unemployment Rate
(Not Seasonally Adjusted)
January 2020 to

January 2021
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County8.1%+6.3%
Broward County5.3%+1.9%
Palm Beach County4.8%+2.2%
Florida5.3%+1.9%
United States6.8%+2.8%

 

Seasonally adjusted unemployment rate

In January 2021, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 8.4 percent, which is 6.4 percentage points higher than in January 2020. The unemployment rate is 0.2 percentage points lower than in December 2020 when it was at 8.6 percent.

 

 

From the data and analysis above, we continued to observe the negative impact of COVID-19 on our local economy. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. 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.

SoftBank Joins Ambitious Initiative to Build a More Equitable Pipeline for Data Science Talent

 

SoftBank partners with Correlation One’s pioneering effort to upskill up to 10,000 workers from underrepresented communities across the U.S. and Latin America

 

Miami, Florida – FEBRUARY 18, 2021 – SoftBank Group International (SoftBank) as part of its AI Academy, today announced its support for Data Science for All / Empowerment (DS4A / Empowerment), a new effort designed to upskill and prepare job seekers from underserved communities for data science careers. Developed by Correlation One, DS4A / Empowerment aims to train at least 10,000 people from underrepresented communities over the next three years, providing new pathways to economic opportunity in the world’s fastest-growing industries.

“We need talent with a deep understanding of data science to build the companies of the future,” said Marcelo Claure, CEO of SoftBank Group International. “We’re proud to support this effort, continue to upskill our portfolio companies and train more than 10,000 people from underrepresented communities with critical technical skills.”

SoftBank’s AI Academy supports programs that supplement theoretical training of traditional technical education courses with practical lessons, including AI and data skills that can be immediately applied to common business needs.

DS4A / Empowerment will provide training for SoftBank Group International portfolio company employees, including portfolio companies of the Opportunity Fund and Latin America Fund, as well as external candidates from the U.S. and Latin America. The program is specifically designed to address talent and equity gaps in a field that has historically been inaccessible for many workers, leading to significant underrepresentation of women and non-white individuals. Participants work on real-world case studies that are expected to have measurable impact on the operational performance of participating companies.

IDB Lab will join SoftBank by providing over ten full-ride Fellowships to underrepresented candidates in Latin America while the Miami-Dade Beacon Council will provide four full-ride fellowships for underrepresented candidates based in Miami.

In addition, The City of Miami will join as an impact partner by providing twenty fellowships to Miami talent and five fellowships to public sector workers.

“As Miami grows as a tech hub, it is important that we empower local entrepreneurs and the public sector to leverage the power of AI. We are proud to support the building of a diverse data-fluent community in Miami through our partnership with Correlation One and SoftBank,” said Francis Suarez, Mayor of the City of Miami.

Participants in the program will receive 13 weeks of data and analytics training (plus optional Python training) while working on case studies and projects, including projects submitted by SoftBank portfolio companies. The initiative will also connect participants with mentors who will provide professional development and career coaching. At the end of the program, external participants will be connected with employment opportunities at SoftBank and leading enterprises across business, financial services, technology, healthcare, consulting, and consumer sectors.

“Miami’s success hinges on dramatically expanding opportunity across our community and building a workforce with the skills for the jobs of tomorrow,” said Matt Haggman, Executive Vice President of One Community One Goal at the Miami-Dade Beacon Council. “This program is an important step towards creating the innovative and equitable future we can – and must – achieve.”

“Training our residents to take on the jobs of the future is critical to ensuring that economic growth is shared across all communities, and to building our local talent so that more leading companies in fields like tech and data science can put down roots in Miami-Dade,” said Daniella Levine-Cava, Miami-Dade County’s Mayor. “I’m thrilled that this program is unlocking opportunities in a field that has historically been inaccessible for so many, and creating new, inclusive pathways to prosperity in one of the world’s fastest-growing industries.”

“The COVID-19 pandemic has both accelerated demand for data science talent and exacerbated the access gaps that kept so many aspiring workers locked out of opportunity,” said Rasheed Sabar and Sham Mustafa, Co-CEOs and Co-Founders of Correlation One. “We are grateful to work with innovative employers like SoftBank that are stepping up to play a more direct role in helping the workforce prepare themselves for jobs of the future.”

 

Program and Registration Details

DS4A Empowerment is an online program delivered in English over a 13-week period. Classes will convene on Saturdays from 10:00am to 8:00pm ET, beginning on April 17, 2021.

Registration for the program ends on March 7, 2021. Candidates who should consider applying include employees of SoftBank affiliated portfolio companies in the region as well as software engineers, technical product managers, technical marketers, and anyone with a STEM background who is interested in learning data analysis. To apply and find out more information about the program, interested candidates can visit the official DS4A Empowerment website: https://c1-web.correlation-one.com/ds4a-empowerment

For program related inquiries, please contact ds4aempowerment@correlation-one.com.

 

About SoftBank

The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing up to $100 billion to help extraordinary entrepreneurs transform industries and shape new ones; and the SoftBank Latin America Fund, the largest venture fund in the region. To learn more, please visit https://global.softbank

About Correlation One

Correlation One is on a mission to build the most equitable vocational school of the future. We believe that data literacy is the most important skill for the future of work. We make data fluency a competitive edge for firms through global data science competitions, rigorous data skills assessments, and enterprise-focused data science training.

Correlation One’s solutions are used by some of the most elite employers all around the world in finance, technology, healthcare, insurance, consulting and governmental agencies. Since launching in 2015, Correlation One has built an expert community of 250,000+ data scientists and 600+ partnerships with leading universities and data science organizations in the US, UK, Canada, China, and Latin America.

https://www.correlation-one.com/about

 

 

Media Contacts

For SoftBank:

Laura Gaviria Halaby

Laura.gaviria@softbank.com

 

For City of Miami:

Stephanie Severino

sseverino@miamigov.com

 

For Miami-Dade Beacon Council:

Maria Budet
mbudet@beaconcouncil.com

 

For Miami-Dade County Mayor’s Office:

Rachel Johnson

rachel.johnson2@miamidade.gov

From November 2020 to December 2020, there was an increase of 4,600 nonagricultural payroll jobs; a 0.4 percentage point increase

Sponsored by:

The numbers analyzed

In December 2020, the not seasonally adjusted unemployment rate in Miami-Dade County was 7.3 percent. The County had a reduction of 69,200 nonagricultural payroll jobs (not seasonally adjusted), from December 2019 to December 2020 which was a 5.6 percentage point decrease. From November 2020 to December 2020, there was an increase of 4,600 nonagricultural payroll jobs, which is a 0.4 percentage point increase.

 

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (December 2019 with December 2020). The sectors most affected are Leisure & Hospitality (-24,100), Total Government (-15,200), Education & Health Services (-10,600), Retail Trade (-6,200), Other Services (-4,100), Professional & Business Services (-3,900), Wholesale Trade (-3,600), and Transportation, Warehousing, & Utilities (-3,500). The sectors seeing some improvements in the past 12 months are Financial Activities (+1,500), Construction (+1,100), and Manufacturing (+300). The graph below shows the payroll data since November 2018.

 

From December 2019 to December 2020 there was a reduction of 69,200 non-agricultural payroll jobs. From November 2020 to December 2020 there was an increase of 4,600 non-agricultural payroll jobs.

 

The change in non-agricultural payroll job between November 2020 and December 2020 shows that several sectors have added jobs, including in sectors that were the hardest hit during the onset of the COVID-19 crisis. These sectors include Transportation, Warehousing, and Utilities (+2,300), Retail Trade (+1,600), Leisure and Hospitality (+1,400), and Wholesale Trade (+400).

 

SectorDecember 2019- December 2020November 2020 – December 2020
Financial Activities+1,500 (+1.8%)+1,300 (+1.6%)
Construction+1,100 (+2.1%)-900 (-1.6%)
Manufacturing +300 (+0.7%)-1,600 (-3.6%)
Information-900 (-4.3%)00 (0.0%)
Transportation, Warehousing, & Utilities-3,500 (-4.0%)+2,300 (+2.8%)
Wholesale Trade-3,600 (-4.9%)+400 (+0.6%)
Professional & Business Services-3,900 (-2.1%)+2,700 (+1.5%)
Other Services-4,100 (-8.1%)+400 (+0.9%)
Retail Trade-6,200 (-4.1%)+1,600 (+1.1%)
Education & Health Services-10,600 (-5.4%)-800 (-0.4%)
Total Government-15,200 (-10.4%)-2,200 (-1.6%)
Leisure and Hospitality-24,100 (-16.3%)+1,400 (+1.1%)

 

 

Not seasonally adjusted unemployment rate

The not seasonally adjusted unemployment rate of 7.3 percent in December 2020 compared to last year is 5.7 percentage points higher than the unemployment rate at 1.6 percent in December 2019. Compared to November 2020 there was a 0.6 percentage point decrease from the unemployment rate at 7.9 percent.

Additionally, analyzing Miami’s unemployment history in the graph below, the Miami metro area labor force statistics use a different measurement method than all other counties in Florida. The information for the monthly employment and unemployment estimates come from Current Population Survey (CPS). There are only seven large areas across the nation which uses this labor force statistics model. The increase in the count of unemployed individuals in Miami-Dade County in September 2020 and the subsequent decrease in October was driven by the responses of Miami residents to the Current Population Survey. The graph compares the unemployment rate for Miami-Dade County with that of the United States since December 2018.

 

 

 

 

December 2020
Unemployment Rate
(Not Seasonally Adjusted)
December 2019 to

December 2020
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County7.3%+5.7%
Broward County6.6%+4.0%
Palm Beach County5.5%+2.8%
Florida5.8%+3.3%
United States6.5%+3.1%

 

 

Seasonally adjusted unemployment rate 

In December 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 7.5 percent, which is 5.5 percentage points higher than in December 2019. The unemployment rate is 0.6 percentage points lower than in November 2020 when it was at 8.1 percent.

 

 

From the data and analysis above, we continued to observe the negative impact of COVID-19 on our local economy. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. 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.

 

Building Together: Miami-Dade Tech Leaders Present Shared Vision For Dynamic, Diverse, Inclusive Ecosystem In #Miamitech Manifesto

—Celebrates Miami’s unique strengths and invites makers, technologists, and advocates
to collaborate and drive equitable, inclusive growth for the 305—

MIAMI, FL – JANUARY 7, 2021 – A collective of tech leaders, builders, and advocates that have contributed to the foundation of Miami-Dade’s dynamic, growing tech and innovation ecosystem collaborated on a #MiamiTech Manifesto released earlier this week. Working together for more than a decade to actively lay the groundwork for an equitable, inclusive community, the increased interest in and conversations about the business opportunities Miami presents led some of these leaders to put pen to paper and outline that shared vision – for themselves and all of the newcomers that we are happily welcoming.

 

“We can’t talk about Miami tech without talking about diversity, equity, and inclusion, and the release of the Miami Tech Manifesto marks an important step forward in this growing movement,” stated Miami-Dade County Mayor Daniella Levine Cava.  We need a shared set of principles for how we continue to build a tech ecosystem that is inclusive and unifying. I look forward to working hand-in-hand with our diverse coalition of leaders, advocates, and innovators to ensure that efforts to expand our tech economy drive us toward the goals of shared economic growth and building a more equitable community.” 

WeAreMiamiTech.com features the 11-point Manifesto, which is “of, by, and for, the people behind the #miamitech movement… We’re taking advantage of this unique moment to articulate the values, opportunities, and principles that guide our vision – both for ourselves and for those who wish to join us.” Conceptualized by Christine Johnson (The Beacon Council), Maria Derchi Russo (Refresh Miami), Brian Breslin (Refresh Miami and The Launchpad), Leigh-Ann Buchanan (Venture Café Miami), Michelle Abbs (Mana Tech) and Rebekah Monson (WhereBy.Us), the MiamiTech Manifesto team also includes Ana Paula Gonzalez (500 Startups), Melissa Medina (eMerge America), Aileen Alon and Maharlika (Venture Café Miami), Gregory Johnson (Code for South Florida), Maxeme Tuchman (Caribu), Rebecca Danta (Miami Angels), Carlos Vazquez (Miami EdTech), Ja’Dan Johnson (Center for Black Innovation), and Claudia Duran (Endeavor Miami). The Manifesto invites supporters to join the movement and pledge their commitment to these values and vision for Miami’s tech community; more than 138 pledges were captured on the first day.

 

“This is a unique window of opportunity and point of growth for Miami’s tech and innovation community, and for that of South Florida as a whole. It’s great to see our ecosystem attracting the attention it deserves,” said Christine Johnson, Vice President of Innovation at the Miami-Dade Beacon Council. “The people and organizations driving a lot of this work – and the shared vision for what we were building – had not previously been documented in a formal way. At this inflection point, we felt it

 

was critical for a representative group of Miami’s tech leaders to collaboratively craft a public statement. The Manifesto not only serves as an invitation to newcomers to build forward with us, but it provides common language that champions our unique value proposition as a global business community that is women-led and powered by immigrants and majority-minority businesses.”

 

To ensure that dialogue and community-building are truly inclusive, tech and community leaders are extending the conversation through events like “The Case for Equity & Inclusion in Miami’s Tech Ecosystem”, a virtual town hall presented from 6:00 PM to 8:00 PM this Thursday, January 7, 2021. Hosted by Venture Café Miami, this conversation features thought leaders, builders and key stakeholders in Miami’s tech ecosystem including Felecia Hatcher-Pearson, Co-Founder, Center for Black Innovation; Michelle Abbs, Managing Director, Mana Tech; Maria Derchi Russo, Refresh Miami; Keith Carswell, Senior Advisor to City of Miami’s City Manager; Dr. Lashinda S. Moore, Principal, iTech; Leigh-Ann Buchanan, President & Executive Director, Venture Café Miami; and special guests Miami-Dade County Mayor Daniella Levine Cava and City of Miami Mayor Francis Suarez.

 

“We want to build a culture of innovation and opportunity for every man, woman, and child in Miami,” says City of Miami Mayor Francis Suarez. “We have to ensure nobody gets left behind.”

 

“As a younger ecosystem, we’ve had the benefit of being able to learn lessons both from what works and what hasn’t worked in other tech communities. It was important for us to capture these values and share a working vision with our local counterparts as well as our new arrivals and folks considering moving to Miami. We want them to know what we stand for and what we strive for,” says Michelle
Abbs, Managing Director at Mana Tech. “As a long-time champion for Miami’s tech community and builder myself, I knew I had to do something in this unique moment. I have personally experienced the downfall of a toxic tech culture, and I have also known what it means to be valued and included in the tech space. I feel protective of the accessible and collaborative community we’ve built because, while we have work to do, it is indeed a rare exception to see as many women and people of color in leadership positions. We must expand on the momentum into a place of action that is inclusive, equitable and true to the kind of community we have been working to build. That is why I think Thursday’s Town Hall with Venture Café is an important next step. ”

To join MiamiTech’s makers, technologists and advocates in building an equitable, inclusive, collaborative, and thriving community, visit: https://wearemiamitech.com/

To register for Thursday’s virtual Town Hall, “The Case for Equity & Inclusion in Miami’s Tech Ecosystem” from 6:00PM – 8:00PM on January 7th: https://zoom.us/webinar/register/WN_AnJ55E94QzKLgBorjfbuVg

 

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About the #MiamiTech Manifesto
Miami is a haven for innovators, builders and those who wield technology as a powerful tool of social change. A collective of local tech builders and leaders that have intentionally laid the groundwork toward a shared vision of an inclusive community for makers, technologists and advocates in the 305. The #MiamiTech Manifesto is of, by and for the people behind Miami’s tech movement – those that have been here for years, and the recent arrivals that are helping us build even more momentum. A living statement of purpose and accountability, it represents our commitment to who we are as an ecosystem and where we strive to be. It is a declaration of the principles we aim to uphold and the values we endeavor to embody. As we evolve, so will the manifesto because we are building together. Fore more information, visit: https://wearemiamitech.com/

About the Miami‐Dade Beacon Council
The MiamiDade 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-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade, creating more than 104,000 direct and indirect jobs combined, and driving more than $6.7 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class business community at the forefront of a changing global economy, driving long-term growth and prosperity for the region. For more information, visit: www.beaconcouncil.com.

For press Inquiries regarding Mana Tech, please contact Marcia Martinez Laas, Power Collective (marcia@powercollective.com).

 

From October 2020 to November 2020, there was an increase of 15,300 nonagricultural payroll jobs, which is a 1.3 percentage point increase

Sponsored by:

The numbers analyzed

In November 2020, the not seasonally adjusted unemployment rate in Miami-Dade County was 7.4 percent. The County had a reduction of 68.000 nonagricultural payroll jobs (not seasonally adjusted), from November 2019 to November 2020 which was a 5.5 percentage point decrease. From October 2020 to November 2020, there was an increase of 15,300 nonagricultural payroll jobs, which is a 1.3 percentage point increase.

Non-agricultural Payroll Jobs

Due to the impact of COVID-19, there continues to be a sharp decline in non-agricultural payroll jobs throughout most industries when comparing year over year (November 2019 with November 2020). The sectors most affected are Leisure & Hospitality (-24,600), Total Government (-14,300), Education & Health Services (-10,900), Retail Trade (-7,600), Professional & Business Services (-4,900), Other Services (-3,700) and Transportation, Warehousing, & Utilities (-3,400). The sectors seeing some improvements in the past 12 months are Manufacturing (+2,600), Construction (+1,300), and Financial Activities (+200). The graph below shows the payroll data since October 2018.

From November 2019 to November 2020 there was a reduction of 68,000 non-agricultural payroll jobs. From October 2020 to November 2020 there was an increase of 15,300 non-agricultural payroll jobs.

The change in non-agricultural payroll job between October 2020 and November 2020 shows that several sectors have added jobs, including in sectors that were the hardest hit during the onset of the COVID-19 crisis. These sectors include Leisure and Hospitality (+3,400), Retail (+2,300), Education and Health Services (+1,800) Manufacturing (+1,200), and Wholesale Trade (+1,000).

SectorNovember 2019- November 2020October 2020 – November 2020
Manufacturing +2,600 (+6.3%)+1,400 (+3.3%)
Construction+1,300 (+2.4%)+200 (+0.4%)
Financial Activities+200 (+0.2%)+300 (+0.4%)
Information-600 (-2.9%)+100 (+0.5%)
Wholesale Trade-2,100 (-2.9%)+1,00 (+0.1%)
Transportation, Warehousing, & Utilities-3,400 (-3.9%)+2,800 (+3.5%)
Other Services-3,700 (-7.5%)+500 (-1.1%)
Professional & Business Services-4,900 (-2.7%)+1,400 (+0.8%)
Retail Trade-7,600 (-5.1%)+4,200 (+3.0%)
Education & Health Services-10,900 (-5.6%)+1,800 (+1.0%)
Total Government-14,300 (-9.7%)-500 (-0.4%)
Leisure and Hospitality-24,600 (-16.7%)+3,000 (+2.5%)

 

Not seasonally adjusted unemployment rate

The not seasonally adjusted unemployment rate of 7.4 percent in November 2020 compared to last year is 5.7 percentage points higher than the unemployment rate at 1.7 percent in November 2019. Compared to October 2020 there was a 1.3 percentage point decrease from the unemployment rate at 8.7 percent.

Additionally, analyzing Miami’s unemployment history in the graph below, the Miami metro area labor force statistics use a different measurement method than all other counties in Florida. The information for the monthly employment and unemployment estimates come from Current Population Survey (CPS). There are only seven large areas across the nation which uses this labor force statistics model. The increase in the count of unemployed individuals in Miami-Dade County in September 2020 and the subsequent decrease in October was driven by the responses of Miami residents to the Current Population Survey. The graph compares the unemployment rate for Miami-Dade County with that of the United States since October 2018.

 

 

November 2020
Unemployment Rate
(Not Seasonally Adjusted)
November 2019 to

November 2020
Unemployment Rate Change (Not Seasonally Adjusted)

Miami-Dade County7.4%+5.7%
Broward County7.3%+4.7%
Palm Beach County6.1%+3.2%
Florida6.3%+3.6%
United States6.4%+3.1%

 

Seasonally adjusted unemployment rate

 

In November 2020, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 7.6 percent, which is 5.6 percentage points higher than in November 2019. The unemployment rate is 1.2 percentage points lower than in October 2020 when it was at 8.8 percent. 

From the data and analysis above, we continued to observe the negative impact of COVID-19 on our local economy. Nevertheless, the community needs to remain focused on job-retention projects in targeted industries, as well as all sectors. 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.

Miami Community Ventures, A One Community One Goal Initiative, Celebrates Its Inaugural year with 150+ Job Placements

—Entrepreneurship track set to launch in 2021 as an alternative pathway and a source of new jobs—

MIAMI, FL – DECEMBER 16, 2020 – The Miami-Dade Beacon Council, the County’s official public-private economic development partnership, is pleased to celebrate Miami Community Ventures’ (MCV) first full  year, with more than 150 job placements throughout Miami-Dade County. Launched in 2019, this One Community One Goal collective impact program was designed to connect low-income structurally unemployed individuals to living wage jobs and long-term career pathways. A combined 50+ partners, supporters and funders have contributed to MCV’s successful rollout, raising more than $1.8 Million to-date – including a recent $400,000 grant from JPMorgan Chase.

“Miami Community Ventures is about breaking down the barriers to success and creating long-term economic mobility for some of the most at-risk and vulnerable citizens in our shared community,” stated Maria Escorcia, Vice President of Corporate Responsibility for JPMorgan Chase. “At JPMorgan Chase, we are committed to giving those that need it a helping hand – and in many cases a second chance. We are pleased to see the inroads that The Beacon Council is making through our grant dollars to reduce unemployment and poverty in Miami.”

Miami Community Ventures (MCV) is designed to empower structurally unemployed individuals to succeed, providing wraparound support services to program participants for up to one year after being hired, allowing them to focus on retention, development, and success. This year’s immediate objective was to achieve targeted number of job placements with living wage jobs and a 1-year+ job retention rate of 65%.

“2020 has been a challenging year for everyone, and our main objective for MCV was to kick the program off successfully and meet our job placement target,” said Michael A. Finney, President and CEO of the Miami-Dade Beacon Council. “This workforce program has been proven to have a positive impact on the broader community – not just the participants and their families. The support of local businesses able to provide job placement opportunities is essential to the continued success of this program, and we encourage companies to connect with our team and learn more about how to participate.”

Support from community partners, employers, and funders including Miami-Dade County, CareerSource South Florida and others listed below, helped keep MCV on track despite the pandemic. More than 150 job placements were secured at an average hourly wage of $16.12, which is 18% above the wage target. Ex-offenders account for 41% of the placements, with program participants living in Miami’s most underserved communities with poverty rates of 20% or higher.

For Miami-Dade County, the rate of unemployment and poverty in underserved communities exceeds national, state, and comparable county-wide averages. Unemployment impacts poverty, recidivism, and crime rates. Designed to deliver long-term inclusive economic benefits to local communities over a state-audited five-year period, Miami Community Ventures addresses core unemployment issues and delivers solutions that positively impact individuals, families, employers, and communities for generations to come.

“It’s unrealistic to think that all it takes for someone to succeed is getting the job,” said Miami-Dade County Commissioner Eileen Higgins, representative of District 5 and an early champion for MCV. “That’s just the first step and, as many workers in our community know, plenty of challenges can stand in the way of a low-income resident who wants to work from being able to keep a job. What is exciting about the Miami Community Ventures approach is the ‘whatever it takes’ mentality to help folks get and stay in living wage jobs.”

For 2021, the target for job placements is increasing to 280 as the program already has employer partner commitments from Advanced Roofing, Bean Auto Group, Ussery Automotive Group, with additional partners continuing to sign on.

“FIU’s Construction Trades Program’s involvement with Miami Community Venture has proven to be significantly beneficial to our students and the program,” stated Victoria E. Tomas, Senior Program Coordinator, Moss Department of Construction at Florida International University. “Our partnership provides the students possibilities, options and access to be successful in their new career path in construction.”

A new program feature scheduled to launch in Q1 2021 is MCV’s Entrepreneurship Track. With support from founding sponsor Bank of America, the entrepreneurship track targets small community businesses that can scale with the right support. This track will offer toolkits to help female-owned Black and LatinX early-stage businesses grow, including hands-on coaching, mentorship, and premium access to procurement and funding opportunities. The success of these businesses will stimulate job creation and drive positive economic impact where it is most needed. Consistently among the top cities for start-ups – and, specifically, for women entrepreneurs – Miami is an ideal market for an entrepreneurial extension of MCV.

Led by Sheri Colas Gervais, Vice President and Executive Director of Miami Community Ventures, the program’s strategic advisory group includes George Acevedo, Divisional Director/Managing Director, JPMorgan Chase Bank; Eduardo Padron, PhD, President Emeritus, Miami Dade College; and Penny Shaffer, PhD, Market President – South Florida, Florida Blue; with support from Matt Haggman, Executive Vice President, One Community One Goal, and Michael A. Finney, President and CEO, The Beacon Council.

Miami Community Ventures is grateful to all of the funders that have made the program successful to-date: Allegany Franciscan Ministries; Bank of America; Bank United; Baptist Health South Florida; CareerSource South Florida; Florida Blue; JPMorgan Chase; Miami-Dade County; OIC South Florida; Truist Foundation; and Uber. To explore opportunities to support Miami Community Ventures as a funder, employer, and/or community partner, please contact Sheri Colas Gervais, Vice President & Executive Director, Miami Community Ventures at scolas@beaconcouncil.com.

For a complete list of community partners and additional information about the Miami Community Ventures program, please see attachment or visit: https://www.beaconcouncilfoundation.org/mcv.

For more information about The Beacon Council Foundation visit: www.beaconcouncilfoundation.org.

 

About the Miami‐Dade Beacon Council
The MiamiDade 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-Dade’s economic future. Since 1985, the organization has assisted more than 1,200 businesses to expand in or relocate to Miami-Dade, creating more than 104,000 direct and indirect jobs combined, and driving more than $6.7 billion in new capital investments. A professional staff and volunteer community leaders work together to promote Miami-Dade as a world‐class business community at the forefront of a changing global economy, driving long-term growth and prosperity for the region. For more information, visit: www.beaconcouncil.com.


About One Community One Goal

One Community One Goal (OCOG) 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. For more information on OCOG, visit: www.beaconcouncilfoundation.org/ocog.


A
bout The Beacon Council 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 The Beacon Council Foundation, visit: www.beaconcouncilfoundation.org

Digital Health Start-Up HealthSnap expands in Miami creating 65 jobs and over $1.5 million in investment over the next three years

(Miami, FL– December 3, 2020) – HealthSnap, a Remote Patient Monitoring company for virtual chronic condition management, to create 65 jobs and invest more than $1.5 million over the next three years as part of a major expansion announcement in Miami.

Founded in 2015, HealthSnap is an example of a successful start-up in Miami-Dade County that has grown out of the community’s existing life sciences ecosystem. The company was launched by five University of Miami alumni—one of whom is CEO, Samson Magid — who together have grown the business at the CIC, which houses the largest concentration of life science companies in Miami-Dade County.  The company will initially expand at its current location in the Cambridge Innovation Center (CIC) Miami. In collaboration with the Miami-Dade Beacon Council and Enterprise Florida, HealthSnap was awarded the State of Florida’s Qualified Target Industry tax refund for 65 new hires.

“The Miami-Dade Beacon Council and Enterprise Florida were extremely helpful in identifying HealthSnap as a candidate for the QTI initiative and providing guidance throughout the approval process,” said Samson Magid, CEO, HealthSnap. “We are very appreciative of their ongoing efforts to support HealthSnap’s growth and innovation in Miami, and we are excited to continue this partnership going forward.”

“This is an all-around success story that showcases a home-grown entrepreneur along with collaboration with local organizations,” said Michael A. Finney, President, and CEO of the Miami-Dade Beacon Council. “With projects like these, Miami-Dade County continues to lead the healthcare economy in the Southeast United States, serving more than 2.75 million residents across nearly two dozen industry subsectors. With a diverse population of all ages and ethnicities, Miami-Dade County is on the cutting edge of patient care, healthcare delivery, and healthcare innovation in the United States.”

HealthSnap’s Remote Patient Monitoring programs enable healthcare organizations to extend their patient care to the home in order to manage chronic conditions proactively. Since its commercial launch in 2020, HealthSnap has successfully deployed its Remote Patient Monitoring program with over 30 physician groups, 5 enterprise health systems, and nearly 4,000 patients in its phase 1 roll-out this year.

“This is a great Florida story and proves that we are fast becoming the best place for innovators to make their mark,” said Florida Secretary of Commerce Jamal Sowell, also Enterprise Florida’s President & CEO. “HealthSnap is doing great work and we are glad they have chosen Florida to further expand their mission.”

“HealthSnap’s mission is to empower people with their health data anytime, anywhere, so that they can become active participants in their own health. Our goal is to impact millions of lives through our virtual chronic disease management programs and thereby fundamentally shift the paradigm of healthcare to one that is more proactive, remote, and continuous,” said Samson Magid, CEO, HealthSnap. “As we continue to grow and carry out our mission, we are proud to be committed to hiring from the talent pool in HealthSnap’s home city of Miami. Over the next three years, we will be carrying out our expansion initiative with new hires in our operations, technology, and sales teams.”

In the wake of the COVID-19 global health crisis, HealthSnap’s Remote Patient Monitoring solution is a critical example of how healthcare organizations are adopting technology to continue to deliver exceptional care to vulnerable chronic disease patients around the country. The company is actively hiring local Miami-Dade County talent and expects to begin its expansion investment and hiring immediately.

About HealthSnap

HealthSnap is a remote patient monitoring platform for virtual chronic disease management. By making personalized and actionable health data accessible to everyone, HealthSnap empowers people living with chronic conditions anytime, anywhere. The company combines a comprehensive Remote Patient Monitoring Platform with remote care services that make it simple and profitable for healthcare organizations to improve patient outcomes, reduce readmissions, and lower the cost of care with virtual chronic disease management programs.

 

To learn more about HealthSnap, please visit healthsnap.io.

Media Contact:

Sunny Ghia

sunny@healthsnap.io

(610) 442-4463