Posts

Miami-Dade Added Nearly 19,000 Jobs in April as Unemployment Rate Dipped to 5 percent

Media Contact:

Maria Camacho

mcamacho@beaconcouncil.com

(305) 579-1341

(Miami) Miami-Dade added 18,700 new payroll jobs in the past year and unemployment decreased to 5 percent in April, from 5.4 percent the previous month, according to statistics released Friday.

“We’re encouraged as we continue to see year-over-year job growth across sectors,” said Jaap Donath, Ph.D., Senior Vice President, Research & Strategic Planning for the Miami-Dade Beacon Council. “And we’re pleased to see the Miami metro area ranked No. 1 in startup activity in the U.S., according to Kauffman Foundation’s 2017 index. While we are pleased that our unemployment rate is descending, unemployment figures may not take into account our economic vitality as it relates to start-ups and the contractors and service providers that they employ.”

The numbers analyzed

Miami-Dade County created 18,700 new nonagricultural payroll jobs (not seasonally adjusted), from April 2016 to April 2017 which was a 1.6 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 March 2017 and April 2017, Miami-Dade County increased nonagricultural payroll jobs by 1,700 or 0.1 percentage point.

The not seasonally adjusted unemployment rate for Miami- Dade County was 5.0 in April 2017, which was a 0.4 percentage point decrease from March 2017 at 5.4 percent. This was the second time that the unemployment reached 5.0 percent since the recession. Compared to last year April there was also a 0.4 percentage point decrease with the unemployment rate at 5.4 percent.

In April 2017, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 5.2 percent, which was an 0.1 percentage point lower than April 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.

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.

15th Annual Beacon Awards Highlight Miami's Business Accomplishments

May 10, 2017

(Miami, FL – May 10, 2017) – The 2017 Beacon Award Winners are exceptional achievers who have played important roles in Miami’s evolution as a business destination, both historically and currently.

The Jay Malina Award, sponsored by Wells Fargo, is the most prestigious award of the 15th Annual Beacon Awards ceremony, which will be held on May 11 at the Hilton Downtown Miami.  Named after the late Jay T. Malina, founder of the One Community One Goal initiative from the 1990s, the award is presented to the local business leader who has made a significant impact on the community. 

This year’s Jay Malina Award Winner, Robert Traurig, pioneered Miami’s early growth as Miami-Dade County’s premier land-use lawyer and facilitated the building of many local communities stretching from Downtown Miami and the Brickell Financial District to suburban Kendall. Known as “the father of land use law” in South Florida, Traurig co-founded the law firm Greenberg Traurig with Mel Greenberg and Larry Hoffman as they sought to serve Miami’s growing business and development community. Traurig was also known as an active supporter of Miami-Dade’s civic and charitable communities and a mentor for countless young lawyers.

Greenberg Traurig, which this year celebrates its 50th anniversary, has grown today to 2,000 attorneys in 38 locations worldwide. The firm’s exponential international growth stands as a testimony to the strength of diversity in hiring and excellence in law.

Also exemplary of our community’s continuous and cutting-edge growth, the 2017 Entrepreneurship Award Winner, The New Tropic, has pioneered a community engagement and news platform that inspires entrepreneurship and civic involvement. Launched just two years ago, its platform is now expanding to other cities. 

The popular newsletter, which boasts more than 30,000 subscribers, has taken its Miami-based model to Seattle. The New Tropic has evolved into one of the most relevant and essential digital publications in Miami with its focus on helping fellow locals curate, navigate, and explore Miami through storytelling, awareness, and events.  Of particular relevance to the Miami-Dade Beacon Council’s mission and its “Connect and Grow” innovation initiative is the New Tropic’s coverage of Miami’s startup community.

About 500 business and community leaders are expected to attend the 15th Annual Beacon Awards to honor these and other local corporate citizens and organizations that have strengthened the Miami-Dade economy through innovative business endeavors across industries.

 “We are honored to shine a light on the people who drive our economy and make Miami a global business destination,” the Miami-Dade Beacon Council Chair Jaret L. Davis said. “Each successful business has a direct and indirect impact that is felt throughout our community and in some cases beyond it.”

Following are the 2017 Beacon Award Winners:

The Distinguished Award winners are:

  • Robert Traurig: Jay Malina Award, sponsored by Wells Fargo
  • Wyncode Academy: Education and Talent Development, sponsored by Bank of America
  • CareerSource South Florida: Judges’ Award, sponsored by Baptist Health South Florida
  • Bank of America: Corporate Social Responsibility, sponsored by Florida Blue
  • The New Tropic: Entrepreneurship Award, sponsored by the Miami Herald
  • Miami Cancer Institute at Baptist Health South Florida: Make it Miami Award, sponsored by Robins & Morton

The Industry Award winners are:

  • ATR Americas: Aviation, sponsored by AVE, Aviation and Commerce Centre
  • BankUnited: Banking & Finance, sponsored by Carlton Fields
  • Golin: Creative Design, sponsored by American Airlines
  • Crystal Cruises: Hospitality & Tourism, sponsored by Dosal Tobacco
  • Catalyst Pharmaceuticals: Life Sciences & Healthcare, sponsored by Cherry Bekaert 
  • Invizio: Small Business, sponsored by Florida Power & Light
  • Mi9 Retail: Technology, sponsored by Cozen O’Conner
  • Interport Logistics: Trade & Logistics, sponsored by SunTrust

Winners were chosen by the Judges’ Committee, which included the Miami-Dade Beacon Council Chair, Past Chairs and Chair-Elect. 

The evaluation criteria included: job creation, capital investment, commitment to innovation and impact on Miami-Dade’s business community.

The Beacon Awards are also made possible by the following sustaining investors: Miami Herald, American Airlines and MBF Healthcare Partners and partners including Multivision Video and Film. This year’s moderator will be Tom Hudson, Vice President of News and Special Correspondent at WLRN.

Event information:

  • 5:30 p.m. Registration, 6 p.m. Cocktail Reception, 7 p.m. Program
  • Individual tickets: $350 Members, $375 Non-Members
  • Corporate Tables: $3,500 members, $3,750 Non-Members

About The Beacon Awards

The Beacon Awards are a component of the current One Community One Goal (OCOG) initiative to diversify the local economy and promote higher-paying jobs. OCOG was updated from the 1998 original founded and co-chaired by the late Jay T. Malina. Proceeds help fund the Miami-Dade Beacon Council’s efforts on behalf of County businesses to promote the community’s assets to the world, diversify our economy and assist local companies with expansion needs.

About the Miami-Dade Beacon Council

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

Source: Old Beacon Site

The Miami-Dade Beacon Council Launches Commercial Drone Initiative

May 4, 2017

MIAMI, FL (May 4, 2017) – Uplifted by this week’s well-attended Wings of Change Miami Aviation Conference, the Miami-Dade Beacon Council is launching an initiative to focus on a new segment of the aviation and technology sectors – drones.

Drones – officially designated as unmanned aircraft systems (UAS) by the Federal Aviation Administration (FAA) — are expected to become more popular. While the FAA is projecting growth over the next five years in “nearly every aspect of air transportation,” UAS represent a new type of aviation that offers accessibility to several types of operators and businesses.  The FAA is predicting 3.55 million hobbyist drones, and 442,000 commercial drones will take to America’s skies by 2021.

The Miami-Dade Beacon Council’s Aviation Committee, charged with further developing and expanding Miami’s already robust aviation and aeronautics industry, believes this creates a new opportunity for Miami-Dade County.

“Commercial interest in unmanned aircraft systems is accelerating rapidly,” said Alex De Gunten, chair of the Council’s Aviation Committee. “Miami-Dade County is uniquely qualified to serve as a year-round hub of drone innovation, as well as the UAS gateway into Latin America.”

A UAS working group has been created within the Aviation Committee to develop strategies on how Miami-Dade County can capitalize on the increasing interest in drones.  In their 2016 report “Clarity From Above,” PwC projects the global drone services sector will be valued at $127.3 billion by 2020.  De Gunten says Miami-Dade County must act now to keep pace with other U.S. markets that are also vying for a share of the UAS industry. 

As part of the new UAS initiative, the Council will be hosting a mini-seminar for local business leaders on Thursday, June 15 from 10 a.m. to noon at its offices. “Miami and Commercial Drones” will feature a current summary of how drones are reshaping several key industries such as agriculture, real estate, construction, and public safety.

The mini-seminar will feature a presentation by Amanda Quevedo, Aviation Safety Technician with the South Florida Flight Standards District Office (FSDO-19), who will discuss the FAA Part 107 regulations affecting commercial drone operations. Registration is free. 

To register, please visitwww.beaconcouncil.com/news-events/events

Local businesses and drone operators interested in learning more about the Miami-Dade Beacon Council’s new UAS working group are encouraged to contact James Kohnstamm at jkohnstamm@beaconcouncil.com

Presented by the International Air Transport Association (IATA) and the Council, Wings of Change Miami recently capped two days of seminars and discussions with key industry experts from around the world. The biennial event typically held in Latin America made its inaugural U.S. visit, signaling Miami’s growing importance as a global aviation hub. With 483 aviation and aerospace companies in Miami-Dade, the $2 billion sector now accounts for more than 24,000 jobs with an average annual salary of more than $82,000.

About Miami-Dade Beacon Council

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 980 businesses that have created more than 65,000 direct jobs and added more than $4 billion in new capital investments.  It accomplishes this 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

Source: Old Beacon Site

Miami's Growing Aviation Industry Featured at Upcoming Global Aviation Conference

April 25, 2017

(Miami, FL) April 26, 2017 – The well-known “Wings of Change” aviation industry conference is coming to Miami May 2 and 3 highlighting global and regional opportunities for Miami’s aviation industry which has seen double digit growth in the last five years.  Presented by the International Air Transport Association (IATA) and the Miami-Dade Beacon Council, Wings of Change Miami brings together industry experts, senior airline and airport executives and government authorities locally, regionally and from around the world. A biennial occurrence in Latin America, the Miami Wings of Change is the first to be held in the U.S. signifying Miami’s growing importance as a global aviation hub. 

“Miami-Dade’s connectivity and international business culture is a perfect match for this important aviation conference,” said Miami-Dade Mayor Carlos A. Gimenez. “I’m pleased to welcome Wings of Change to Miami and to participate in a program with such a distinguished group of speakers.”

“We are very pleased to be bringing Wings of Change to Miami. The city is an example of the many economic benefits generated from robust air connectivity. With passenger growth expected to double by 2035 globally, it is important for aviation’s main stakeholders to have a forum to discuss the challenges and numerous opportunity for the air industry as we map out the future for our industry,” said Peter Cerda, IATA’s Regional Vice President for the Americas.  

Miami was chosen for the event because of the local aviation industry’s recent growth and the county’s global business assets. Aviation jobs have grown 23 percent from 2011 to 2016 with today’s average annual salaries reaching more than $82,000. Our state and county are longtime aviation hubs with growing flight-training and MRO (maintenance, repair and overhaul) subsectors in Miami-Dade. See fact sheet for more information on the local aviation industry.

“With this event, our aviation industry is being recognized as one of the largest and growing aviation sectors in the nation,” said Sheldon T. Anderson, Interim President & CEO of the Miami-Dade Beacon Council. “IATA’s active presence in Miami as the industry’s top trade group is also a great benefit to the local economy.”

The Wings of Change event can serve as a catalyst for the county’s growing aviation sector as eMerge Americas helps promote the tech sector and Art Basel promotes Miami’s art world.

Wings of Change Speakers include:

  • Gabriela Frias, Anchor, CNN
  • Nicholas Calio, President & CEO, Airlines for America
  • Angela Gittens, Director General, ACI World
  • Chris Barks, Director of Western Hemisphere, FAA
  • Romaine Seguin, President, Americas, UPS International
  • Tracy Cooper, CEO, Bahamas Air
  • Tamur Goudarzi Pour, Vice President of Sales, The Americas, Lufthansa Group
  • Jeffrey Goodell, Vice President Government and Airport Affairs, JetBlue
  • Barry Eccleston, President, Airbus Americas
  • Donna Hrinak, President, Latin America, Boeing
  • John Watret, Chancellor, Embry-Riddle Aeronautical University
  • Carlos A. Gimenez, Mayor, Miami-Dade County
  • Emilio T. Gonzalez, Director & CEO, Miami-Dade Aviation Department
  • William D. Talbert III, CEO, Greater Miami Convention & Visitors Bureau
  • Alan Pellegrini, CEO, Thales USA
  • Blake Scholl, Founder & CEO, Boom Technology

Wings of Change Conference topics include:

  • Miami’s Aviation Strategy – A Global Gateway
  • Economic Sate of the Global Airline Industry
  • The Executive Chat – A High Level Industry View
  • Disruptive Innovation of the Passenger Experience
  • Aviation’s impact in the Caribbean
  • From Pharma to Flowers – Air Cargo Makes It Happen
  • Preparing the Next Generation of Aviation Leaders

About IATA

The International Air Transport Association (IATA) is the trade association for the world’s airlines, representing some 265 airlines or 83 percent of total air traffic. The organization supports many areas of aviation activity and helps formulate industry policy on critical aviation issues. Its mission is to represent, lead and serve the airline industry and to be the force for value creation and innovation driving a safe, secure and profitable air transport industry that sustainably connects and enriches our world.

About Miami-Dade Beacon Council

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

Source: Old Beacon Site

Foreign Direct Investment Magazine lists Miami as one of the top ten "Major American Cities of the Future

April 28, 2017

(Miami, FL – April 28, 2017) – Miami is once again being recognized as a top business destination with this most recent ranking by Foreign Direct Investment Magazine as one of the top ten “Major American Cities of the Future 2017-18.” Greater Miami joined New York, Toronto and São Paulo as foreign investment friendly hubs throughout the region. 

Helping to determine Miami’s Top-10 classification are the following rankings.

–       #5 foreign direct investment strategy,

–       #6 connectivity,

–       #9 economic potential and

–       #10 business friendliness,

–      #10 foreign direct investment.

fDi Magazine, a publication of the Financial Times of London, releases this listing every two years. A judging panel reviews data sets including cost effectiveness and connectivity, as well as trends and strategies to rank the cities. Along with recent investment wins, the publication considered the following:

–       Miami International Airport’s recent designation by the International Air Transport Association (IATA) as a Pharma Hub making Miami one of only two airports in the world meeting the stringent criteria in pharma distribution and handling.

–       A growing innovation ecosystem with several established incubators, accelerators, co-working spaces, and coding boot camps (including one from Canada and one from Spain).

–       The community-wide One Community One Goal strategic plan and its focus on high-growth sectors and talent development with the Miami-Dade County Public School system adding 59 new programs including cyber security and international supply chain management.

–       Miami-Dade Beacon Council’s focus on growing global investments with international economic development missions to European and Latin American countries including a recent mission to Spain, Miami’s top foreign direct investment partner. Fifty percent of the companies assisted by the Council every year are international.

–       Miami’s international workforce, low business taxes, strategic location, connectivity and recent investments at the seaport and airport were also cited as reasons companies are investing in the County.

“It’s wonderful to see validation for what we already know about Miami-Dade County — that it is a successful, global business destination,” said Sheldon T. Anderson, Interim President & CEO of the Miami-Dade Beacon Council. “We will continue to build on our business assets to ensure we maintain our competitiveness throughout the world.”

Read more.

About the Miami-Dade Beacon Council

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 980 businesses that have created more than 65,000 direct jobs and added more than $4 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

Source: Old Beacon Site

Miami Ranked a Top 10 American City for Business Foreign Direct Investment Magazine lists Miami as one of the top ten "Major American Cities of the Future

April 28, 2017

(Miami, FL – April 28, 2017) – Miami is once again being recognized as a top business destination with this most recent ranking by Foreign Direct Investment Magazine as one of the top ten “Major American Cities of the Future 2017-18.” Greater Miami joined New York, Toronto and São Paulo as foreign investment friendly hubs throughout the region. 

Helping to determine Miami’s Top-10 classification are the following rankings.

–       #5 foreign direct investment strategy,

–       #6 connectivity,

–       #9 economic potential and

–       #10 business friendliness,

–      #10 foreign direct investment.

fDi Magazine, a publication of the Financial Times of London, releases this listing every two years. A judging panel reviews data sets including cost effectiveness and connectivity, as well as trends and strategies to rank the cities. Along with recent investment wins, the publication considered the following:

–       Miami International Airport’s recent designation by the International Air Transport Association (IATA) as a Pharma Hub making Miami one of only two airports in the world meeting the stringent criteria in pharma distribution and handling.

–       A growing innovation ecosystem with several established incubators, accelerators, co-working spaces, and coding boot camps (including one from Canada and one from Spain).

–       The community-wide One Community One Goal strategic plan and its focus on high-growth sectors and talent development with the Miami-Dade County Public School system adding 59 new programs including cyber security and international supply chain management.

–       Miami-Dade Beacon Council’s focus on growing global investments with international economic development missions to European and Latin American countries including a recent mission to Spain, Miami’s top foreign direct investment partner. Fifty percent of the companies assisted by the Council every year are international.

–       Miami’s international workforce, low business taxes, strategic location, connectivity and recent investments at the seaport and airport were also cited as reasons companies are investing in the County.

“It’s wonderful to see validation for what we already know about Miami-Dade County — that it is a successful, global business destination,” said Sheldon T. Anderson, Interim President & CEO of the Miami-Dade Beacon Council. “We will continue to build on our business assets to ensure we maintain our competitiveness throughout the world.”

Read more.

About the Miami-Dade Beacon Council

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 980 businesses that have created more than 65,000 direct jobs and added more than $4 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

Source: Old Beacon Site

My MIAMI Annual Leadership Summit

May 23, 2017 | 5:00 PM | FIU Downtown Brickell

Sponsorship Opportunities Available. Learn more.

Slider Page:

Source: Old Beacon Site

More than 23,000 Miami-Dade Payroll Jobs added from March 2016 to 2017

(April 21, 2017 – Miami, FL) Miami-Dade experienced a healthy 2 percent job growth or 23,400 payroll jobs from March 2016 to March 2017 across industries with Education and Health Services (8,600) and Professional and Business Services (5,000) leading, according to state figures released Friday.

“We’re seeing consistent yearly job increases across industry sectors which is the priority of One Community One Goal, an initiative of the Miami-Dade Beacon Council to diversify the local economy and bring higher paying jobs,” said Jaap Donath, Ph.D., Senior Vice President, Research & Strategic Planning for the Miami-Dade Beacon Council.

The numbers analyzed

Miami-Dade County created 23,400 new nonagricultural payroll jobs (not seasonally adjusted), from March 2016 to March 2017 which was a 2.0 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 February 2017 and March 2017, Miami-Dade County increased nonagricultural payroll jobs by 2,600 or 0.2 percentage point.

The not seasonally adjusted unemployment rate for Miami- Dade County was 5.3 in March 2017, which was a 0.2 percentage point increase from February 2017 at 5.1 percent, and 0.2 percentage point decrease from March 2016 at 5.5 percent.

In March 2017, the seasonally adjusted unemployment rate for Miami-Dade County (taking seasonal fluctuations in the labor force into consideration) was 5.3 percent, which was an 0.1 percentage point lower than March 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.

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.

Antonio "Tony" Coley

Regional President South Florida
BB&T

Source: Old Beacon Site

Jose Felix Diaz

Attorney
Akerman

Source: Old Beacon Site