Miami-Dade Leads the State in Annual Job Growth in Education and Health Services

March 14, 2017

Miami-Dade County had the highest annual job growth in education and health services (8,100 jobs) compared to other metro areas in Florida from January 2016 to January 2017, according to statistics released March 10.

“Education and health services provide above-average paying wages,” said Jaap Donath, Ph.D., Senior Vice President, Research & Strategic Planning for the Miami-Dade Beacon Council. “We also gained more than 5,000 jobs in professional services which include jobs within our target industries like creative design, life sciences and tech. The One Community One Goal initiative continues to help grow high-paying jobs in Miami-Dade.”

The numbers analyzed

Miami-Dade County created 31,800 new nonagricultural payroll jobs (not seasonally adjusted), from January 2016 to January 2017 which was a 2.8 percent increase. Miami-Dade County continues to show year over year gains. Improvements in the non-farm payroll jobs can be found in a variety of sectors. Between December 2016 and January 2017, Miami-Dade County decreased nonagricultural payroll jobs by 11,300 or 1.0 percentage point.

The not seasonally adjusted unemployment rate for Miami- Dade County was 5.1 in January 2017, which was a 0.2 percentage point decrease from January 2016 at 5.3 percent, and 0.3 percentage point decrease from December 2016 at 5.4 percent.

In January 2017, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 5.5 percent, which is the same as December 2016.

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

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

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

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

 

Gov. Scott Announces Cosentino to Relocate Americas Headquarters from Texas to Florida

March 15, 2017

Gov. Scott Announces Cosentino to Relocate Americas Headquarters from Texas to Florida

 

CORAL GABLES, Fla. – Today, Governor Rick Scott announced Cosentino, a global leader in natural stone, quartz, and recycled surfacing, is relocating its Americas Headquarters from Sugarland, Texas to Coral Gables. The relocation will create 85 new jobs and invest more than $1 million in the local community. Cosentino currently employs 60 Floridians across three distribution locations in Orlando, Fort Lauderdale and Lauderhill. The company also plans to open a design center in the Miami Design District.

Governor Scott said, “I am proud to announce that Cosentino will be relocating their Americas Headquarters from Texas to Florida and creating 85 new jobs for our families. This announcement would not be possible without the help of Enterprise Florida and shows the incredibly important role EFI has in out-competing other states like Texas to bring new job opportunities to our state. I am excited to welcome Cosentino to Florida and look forward to their future success.”

Cosentino Group, a family-owned company from Spain, is a worldwide producer and distributer of high-value innovative surfaces for architecture and design. The company currently employs more than 3,700 people worldwide, including 1,200 in the U.S. The new Americas Headquarters will house a management office with finance and sales personnel.

CEO Eduardo Cosentino said, “Miami’s location offers key strategic advantages to continue targeting the Americas. The entrepreneurial and innovative workforce in Miami better positions us to provide new products and designs that are both sustainable and advanced. Our partners at Enterprise Florida and the Miami-Dade Beacon Council helped make this move a reality, and we could not have found a better place to do business.”

This project was made possible through the close partnerships between Enterprise Florida, the Miami-Dade Beacon Council, the City of Coral Gables, CareerSource Florida and local colleges and universities.

Mike Grissom, interim President and CEO of Enterprise Florida, Inc., said, “Cosentino is a great company and I am excited to see them bring their Americas headquarters to Miami as well as the 85 jobs that will now be right here in Florida. Our state is an amazing place to live, work and raise a family, and companies like Cosentino recognize this. I am happy to welcome them to Florida and look forward to their continued success.”

Cissy Proctor, Executive Director of the Florida Department of Economic Opportunity, said, “I am proud that after growing its distribution business in Florida, Cosentino has recognized the value in moving its Americas Headquarters to the Sunshine State. Miami’s unmatched global resources and talented workforce are working to attract companies like Cosentino to our state every day.”

Jaret L. Davis, chair of the Miami-Dade Beacon Council, said, “Cosentino is exactly the type of company whose business aligns with Miami-Dade’s focus on innovation. The family-owned company has stayed at the top of its game by developing innovative products that provide significant utility and sustainability without sacrificing design. We’re pleased to welcome them to Miami-Dade and excited about the impact of 85 additional high-wage jobs.”

Enterprise Florida, Inc. (EFI) is a partnership between Florida’s businesses and government leaders and is the principal economic development organization for Florida. EFI facilitates job growth through recruitment and retention, international trade and exporting, promotion of sporting events, and capital funding programs to assist small and minority businesses. EFI launched “Florida – The Future is Here” to promote the state as the nation’s premier business destination.

The Miami-Dade Beacon Council is the 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 67,000 direct jobs and added more than $4.3 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 the Cosentino Group: The Cosentino Group is a global, family-owned company that produces and distributes high value innovative surfaces for architecture and design. As a leading company, Cosentino imagines and anticipates together with its customers and partners design solutions that offer value and inspiration to people’ lives. This goal is made possible by pioneering brands that are leaders in their respective segments such as Silestone®, Dekton® and Sensa by Cosentino®. Technologically advanced surfaces, which allow the creation of unique designs for the home and public spaces. The group bases its development on international expansion, an innovative research and development program, respect for the environment and sustainability, and its ongoing corporate commitment to society and the local communities where it operates, education, equality and health & safety. The Cosentino Group currently distributes its products and brands in more than 80 countries, from its headquarters in Almeria (Spain). Currently Cosentino is present in 32 countries, with its own assets in 29 of them. The group has seven factories (six in Almería, Spain, and one in Brazil), one intelligent logistic platform in Spain, and more than 120 commercial and business units throughout the world. More than 90% of Cosentino Group’s financial turnover comes from international markets.

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Source: Old Beacon Site

The Miami-Dade Beacon Council "Unlocks New Worlds of Business Opportunity"

March 7, 2017

 

During annual presentation of “Keys to the County” by Miami-Dade Mayor Carlos A. Gimenez, 

Presented by TD Bank

 

(Miami, FL – March 7, 2017) – It’s a night to honor the growth of commerce and the entrepreneurial spirit of Miami-Dade County. The 2017 Key Ceremony is the event of the year that recognizes new or expanding companies assisted by the Miami-Dade Beacon Council.

This year, The Miami-Dade Beacon Council will honor 43 companies in our community on March 8 at the Hotel Intercontinental. The event presented by TD Bank includes an exhibit of the businesses during the Greenspoon Company Showcase.

The companies, representing a variety of target industries including aviation, technology, trade & logistics, entertainment, manufacturing and healthcare and illustrate Miami-Dade’s diverse base of industries and its strength as a global business hub. The companies will be honored with a Key to the County by Miami-Dade County Mayor Carlos A. Gimenez, County Commissioners, City Officials and other dignitaries also slated to participate.

“Tonight, we thank those businesses that fuel Miami-Dade County’s powerful economic engine,” Miami-Dade County Mayor Carlos A. Gimenez said. “There is no shortage of entrepreneurial talent in our community, and in partnership with the Miami-Dade Beacon Council, our goal is to provide businesses with the necessary environment and support to grow and bring even more jobs to our world-class community.”

“The Key Ceremony is our opportunity to salute the companies investing in Miami-Dade County,” Miami-Dade Beacon Council Chair Jaret L. Davis, Co-Managing Shareholder of Greenberg Traurig’s Miami office said. “We are pleased to have assisted 43 companies in the past year representing an array of industries including aviation, tech, creative design and trade & logistics. Together, they will create and retain more than 2,400 direct jobs and generate $162 million in new capital investment.”             

“TD Bank is proud once again to be the Presenting Sponsor of the Miami-Dade Beacon Council Key Ceremony. At TD we believe in strongly supporting the organizations and events that bring awareness to the needs of our local economy and bolster job growth.  The Key Ceremony is an impactful way to formally welcome companies that are new to Miami Dade County and recognize those who have recently expanded here.” said Pablo Pino, TD Bank Market President for Commercial – South Florida. 

Miami Herald Business Editor Jane Wooldridge is slated to emcee the event to be held:

    Wednesday, March 8
       Greenspoon Marder Company
Showcase/Reception begins at 6 p.m.
Program – 7 to 8 p.m.

        InterContinental Miami, 100 Chopin Plaza, Second Floor, Chopin Ballroom

       The following companies are scheduled to be honored:

Aims International Florida – a Brazilian executive talent management company located in Miami

– 5 new direct jobs

– $150,000 in new capital investment

Almod’s Diamonds Limited – manufacturing company that sells branded and generic diamonds and diamond jewelry located in Doral.

– 45 new direct jobs

– $2 million in new capital investments

Alpha Trade – imports products used in construction and represents companies exporting their products to U.S. markets located in Doral.

– 5 new direct jobs

– $110,000 in new capital investments

Ameriworld – provides back-office operations for local and foreign companies located in unincorporated Miami-Dade

– 22 new direct jobs

– $1 million in new capital investment

 

AVANTE USA – Spanish media agency that consults advertisers and advertising agencies, located in Coral Gables

– 5 new direct jobs

– $300,000 in new capital investments

Break the Cup – packages, roasts and trades coffee located in Miami Lakes.

12 new direct jobs

– $500,000 in new capital investment

 

Bunches to Go – provider of flower and gift delivery service in unincorporated Miami-Dade

– 15 new direct jobs

– $200,000 in new capital investment

Captiva Containers – develops rigid packaging specializing in polymer-based packaging solutions, located in unincorporated Miami-Dade

– 10 new direct jobs

– $1 million in new capital investment

CEEK VR – social virtual reality platform recently expanded, purchasing a building located in Liberty City thanks to new business opportunities with Universal Music and Google

– 70 new direct jobs

 

CEEPCO – design-build, minority-owned construction contractor and technical support consulting firm located in North Miami

– 35 new direct jobs

– $85,000 in new capital investments

ChicVacation – Travel agency startup specializing in custom tours for French and European visitors about Miami-Dade as investment platform located in Miami Beach

– 4 new direct jobs

– $60,000 in new capital investment

Clearsale – Brazilian tech company using ant-fraud solutions to prevent e-commerce scams located in Miami

– 26 new direct jobs

– $1.5 million in new capital investment 

Cosentino – Spanish producer and distributor of innovative surfaces for design and architecture relocated Americas headquarters from Texas to Coral Gables

– 85 new direct jobs

– $1.1 million in new capital investments

District 900 – a fashion incubator and County’s first shared workspace for the fashion industry located in Miami

– 30 new direct jobs

Dr. Smood – group of organic boutique cafes, located in Miami

– 60 new direct jobs

– $12 million in new capital investments

 

EMD Serono – Global biopharmaceutical company with a strong market position in neurology, endocrinology and reproductive health relocated Latin American headquarters from Brazil, located in Kendall

– 35 new direct jobs

– $1 million in new capital investments

 

Florida Minerals – imports and exports pet products and supplies, located in Miami Beach

– 7 new direct jobs

– $500,000 in new capital investment

 

Freebee – fleet of sponsor-themed 8-seat electric vehicles provides free transportation located in Miami

– 75 new direct jobs

– $1.6 million in new capital investments

 

Geoglobal USA – importer, distributor and supplier of home goods and furniture, located in Coral Gables

– 3 new direct jobs

– $20,000 in new capital investments

Hip Rock Star – integrated marketing firm that relocated from Atlanta, located in unincorporated Miami-Dade

– 6 new direct jobs

– $25,000 in new capital investments

IMABE US – Spanish recycling company, in more than 50 countries, opened its newest plant in unincorporated Miami-Dade

– 10 new direct jobs

– $500,000 in new capital investment

 

Ingapan USA – Spanish bakery expanded its operations to the U.S., located in Medley

– 35 new direct jobs

– $1.2 million in new capital investments

 

Innova Eco Building System – manufactures structural insulated panels considered to be construction materials of the future, located in unincorporated Miami-Dade

– 15 new direct jobs

– $75,000 in new capital investment

 

Innovative Senior Management – provider of strategic planning and full suite of management services to assisted living industry, located in Miami Beach

– 150 new direct jobs

– $100,000 in new capital investments

 

Island Monkey Marketplace and Café – Caribbean fusion restaurant located in Perrine

– 7 new direct jobs

– $100,000 in new capital investments

 

KLX Aerospace Solutions – new global headquarters and distribution center for leading supplier of aerospace fasteners and consumables, located in Hialeah

– 581 jobs retained, 400 new direct jobs

– $48 million in new capital investment

 

Lamaignere USA – Spanish company specializes in air and sea cargo transportation, located in Doral

– 10 new direct jobs

– $600,000 in new capital investments

 

LH Trading – manages a diverse network of seaborne logistics operating bulk carrier vessels and specialized cement carriers, located in Coral Gables

– 8 new direct jobs

 

LoonyBum USA – German swimwear designer, manufacturer and distributor, located in Miami

– 20 new direct jobs

– $300,000 in new capital investments

 

OneBox – Spanish event ticketing company located in Coral Gables

– 10 new direct jobs

– $200,000 in new capital investments

 

Owatrol Coatings USA – French maker of quality wood-care products and decorative paints, located in unincorporated Miami-Dade

– 3 new direct jobs

– $25,000 in new capital investments

 

Petit Pois – women’s fashion designer Viviana Gabeiras is expanding her lifestyle brand “Petit Pois by Viviana G”, located in Hialeah

– 12 new direct jobs

– $150,000 in new capital investments

 

Schenker Americas – German-based transportation and logistics services provider, located in unincorporated Miami-Dade

– 75 new direct jobs

– $760,000 in new capital investments

 

Sherpa Water – imports and markets water fortified from nutrients found in the Himalayas, located in Miami

– 15 new direct jobs

– $1.8 million in new capital investment

 

Spineway – French medical device company located in Aventura specializing in research and creation of new implants and instruments for spinal surgery

– 10 new direct jobs

– $500,000 in new capital investment

Stephanie Creates – multifaceted production and promotions company focused on communities and cultures, located in Miami

– 14 new direct jobs

– $30,000 in new capital investment

 

Synchroteam – French logistics company located in Miami Beach operates mobile management logistics, tracking and ordering solutions

– 4 new direct jobs

– $300,000 in new capital investment

 

Tecnocom USA -Spanish tech company establishes U.S. headquarters for banking systems and automated networks, located in Coral Gables

– 50 new direct jobs

– $2 million in new capital investments

 

Telefonica USA – Spain’s primary telecommunications company is increasing the size of its Miami hub, located in Doral

– 20 new direct jobs

– $9 million in new capital investment

 

United Parcel Service – package-delivery company chooses Miami over Jacksonville, Nashville and Louisville for its new vehicle packaging hub retaining hundreds of jobs, located in unincorporated Miami-Dade

– 25 new direct jobs

– $65 million in new capital investments

 

Vectornate – creates, markets and distributes water filtrations systems and products, located in Medley

– 20 new direct jobs

– $150,000 in new capital investments

 

Weblogs – Spanish tech company that specializes in designing corporate blogs, located in Miami

– 8 new direct jobs

– $400,000 in new capital investments

 

Woosh Water – Patented smart water stations provide drinking water “on the go” located in Miami

– 11 new direct jobs

– $8 million in new capital investment

 

Thank you to our event sponsors: TD Bank, Greenspoon Marder, 2020 Ponce, Becker & Poliakoff, BDO, CITIGROUP Center, Colonnade Plaza, Dosal Tobacco Corporation, EWM Realty International, FIU Business, InterContinental Miami, Miami Cancer Institute at Baptist Health South Florida, Ocean Bank, and Roar Media.

 

Thank you to our sustaining investors: Miami Herald, American Airlines and MBF Healthcare Partners.

 

The Miami-Dade Beacon Council  is the 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 67,000 direct jobs and added more than $4.3 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

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Source: Old Beacon Site

Miami-Dade’s Employment Numbers Continue to Show Growth

Media Contact:

Maria Camacho

mcamacho@beaconcouncil.com

(305) 579-1341

Miami-Dade County’s unemployment remained the same as last month at 5.1 percent in February and the county added 1.9 percent payroll jobs from February 2016 to February 2017, according to statistics released Friday.

“We are seeing year over year job growth in a range of industry sectors including Educational & Health Services (5.1 percent) and Transportation, Warehousing & Utilities (1.3 percent),” said Jaap Donath, Ph.D., Senior Vice President, Research & Strategic Planning for the Miami-Dade Beacon Council.

“Our diverse local economy was showcased at our recent Key Ceremony which honored 43 new and expanding companies located throughout Miami-Dade County.”

The numbers analyzed

Miami-Dade County created 22,300 new nonagricultural payroll jobs (not seasonally adjusted), from February 2016 to February 2017 which was a 1.9 percent increase. Miami-Dade County continues to show year over year gains. Improvements in the non-farm payroll jobs can be found in a variety of sectors. Between January 2017 and February 2017, Miami-Dade County decreased nonagricultural payroll jobs by 2,100 or 0.2 percentage point.

The not seasonally adjusted unemployment rate for Miami- Dade County was 5.1 percent in February 2017, which was the same as January 2017, and February 2016.

In February 2017, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 5.5 percent.

 

Sector

February 2016 – February 2017

Job Change (%)

January2017-
February 2017
Job Change (%)
Education & Health Services+9,100 (+5.1%)+2,800 (+1.5%)
Transportation, Warehousing, & Utilities+3,700 (+1.3%)-2,900 (-1.0%)
Other Services+2,700 (+5.1%)-200 (-0.4%)
Total Government+2,500 (+1.8%)+1,000 (+0.7%)
Professional & Business Service+2,400 (+1.5%)-1,300 (-0.8%)
Retail Trade+1,800 (+1.2%)-3,500 (-2.3%)
Leisure and Hospitality+1,400 (+1.0%)-1,200 (-0.8%)
Construction+500 (+1.2%)+1,200 (+2.9%)
Manufacturing+300 (+0.7%)-300 (-0.7%)
Wholesale Trade+100 (+0.1%)+1,300 (+1.8%)
Information+0 (+0.0%)+0 (+0.0%)
Financial Activities-300 (-0.4%)– 1,200 (-1.5%)

 

February 2017
Unemployment Rate (Seasonally Adjusted)
February 2017
Unemployment Rate
(Not Seasonally Adjusted)
January 2017 to February 2017
Unemployment Rate Change
(not seasonally adjusted)
Miami-Dade County5.5%5.1%0.0%
Broward/Palm Beach/ Miami-Dade*4.5%-0.5%
Florida5.0%4.7%-0.5%
United States4.7%4.9%-0.2%

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.

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

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

 

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

Miami-Dade Beacon Council Conducts Economic Development Mission to Spain to Attract Business and Grow Jobs in our Community

 

For Immediate Release

Media Contact:

Maria Camacho

  mcamacho@beaconcouncil.com 

Feb. 16, 2017

Thanks in part to cultural and language tiesMiami-Dade and Spain have a strong and longstanding investment partnership with more than 12,000 Spaniards living in Miami-Dade, more than 400 Spanish companies doing business in Florida and trade figures reaching nearly $926 million (25 percent increase from previous year).

The Miami-Dade Beacon Council is partnering with the Greater Miami Chamber of Commerce and Enterprise Florida to continue building job-generating investments by embarking on an economic development mission to Spain from Feb. 21 to March 1.

Chair Jaret L. Davis, Greenberg Traurig Miami Co-Managing Shareholder, and Interim President & CEO Sheldon T. Anderson will lead the mission that includes meetings in Madrid and Barcelona with top company prospects in a variety of industries.

“We look forward to the opportunity to meet with more than 100 Spanish companies and highlight Miami-Dade’s world-class infrastructure, multicultural and multiethnic workforce and strategic geographic location,” Davis said. “Spain is already a strong trade partner with Miami-Dade and we expect this trip will help us to further strengthen those relationships through one-on-one meetings in both Madrid and Barcelona.”

In Madrid, the Council is partnering with Enterprise Florida, the GMCC and the Trade Commission of Spain in Miami to hold two multi-sector business seminars, one at the Madrid Chamber of Commerce (*), and another held the same day at a luncheon sponsored by BBVA Bank Spain. The delegation includes a GMCC team and the North Miami Mayor Smith Joseph.

The seminars will provide specialized presentations by the Council, Enterprise Florida and Miami-Dade private sector representatives including a speaker from Kaufman Rossin discussing tax considerations and Greenberg Traurig about legal considerations.

“Spain is Miami-Dade’s top foreign direct investment partner thanks in large part to the long-term efforts of the Miami-Dade Beacon Council,” said Carlos Somoza, International Tax Principal for Kaufman Rossin. “The economic impact of bringing these high-paying jobs is significant and widespread throughout our community.”

In Barcelona, Council leadership will attend the Mobile World Congress, the world’s largest exhibition for the mobile industry. Last year, more than 100,000 people attended and 2,200 companies exhibited products and services.

This mission marks the 16th economic development mission to Spain since 1998. Spanish business presence in Miami-Dade has grown steadily in recent years. Since 1996, the Miami-Dade Beacon Council has assisted 102 Spanish companies in locating to Miami-Dade County, creating nearly 3,000 direct jobs and more than $223 million in new capital investment.

The County’s official economic development partnership is currently working with 12 Spanish companies interested in relocating or expanding in our community. Spanish companies located in Miami-Dade include: BBVA Compass Bank, Eulen, Ferrovial, Informática El Corte Inglés, MAPFRE, OHL USA, and Telefonica USA.

*At time of print, 93 companies were registered to attend the seminar.