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The Beacon Council Miami-Dade County’s Official Economic Development Partnership. South Florida Association for Financial Professionals Jack Lowell Chairman, The Beacon Council Jaap Donath, Ph.D. Vice President, Research & Strategic Planning May 10, 2011. 1. The Beacon Council

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The Beacon Council Miami-Dade County’s Official Economic Development Partnership

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The beacon council miami dade county s official economic development partnership

The Beacon CouncilMiami-Dade County’s Official Economic Development Partnership

South Florida Association for Financial Professionals

Jack Lowell

Chairman, The Beacon Council

Jaap Donath, Ph.D.

Vice President, Research & Strategic Planning

May 10, 2011

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1


The beacon council miami dade county s official economic development partnership

The Beacon Council

Mission Statement

The creation and retention of jobs and expansion of businesses in Miami-Dade County.

Our public-private partnership will achieve this mission by:

  • marketing our diverse community assets,

  • developing and coordinating programs that will attract new investment, and

  • acting as an advocate to facilitate the successful economic development of all Miami-Dade County.

2


The beacon council miami dade county s official economic development partnership

The Beacon Council

Legal Structure | (501c6) & (501c3)

A non-profit 501c(6) corporation that assists with local business expansions, the retention of existing firms, and actively solicits new business development in Miami-Dade County from other parts of the world.

The Miami-Dade Beacon Council Foundation, Inc. 501 c(3) has begun operations in 2010. Used for special projects.

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The beacon council miami dade county s official economic development partnership

THE BEACON COUNCILMiami-Dade County’s Official Economic Development Partnership

The Beacon Council offers the following free and confidential services:

  • Market Research and Demographic Information

  • Business Costs Information

  • Site Selection Assistance

  • Permitting Facilitation

  • Access to Labor Training

  • Access to Financial and Incentive Programs

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Miami dade county industry sector focus

MIAMI-DADE COUNTYIndustry Sector Focus

  • Aviation

  • Fashion-Lifestyle

  • Life Sciences

  • Financial Services

  • International Commerce/Multinational Corporations

  • Information Technology/Telecommunications

  • Film & Entertainment

  • Visitor Industry

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International geographic target markets for miami dade county

International Geographic Target Markets for Miami-Dade County

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Domestic geographic target markets for miami dade county

Metropolitan NY/NJ

Atlanta

Chicago

California

Dallas

Domestic Geographic Target Markets for Miami-Dade County

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The beacon council miami dade county s official economic development partnership

MISCONCEPTIONS ABOUT MIAMI-DADE

  • The average resident’s age is 65

  • Home of Miami Vice

  • Lots of hurricanes

  • We only have beaches and not much else to do

  • People only speak Spanish

  • There are too many insects

  • We are only a tourist based economy

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The beacon council miami dade county s official economic development partnership

The average age is 37

Forbes magazine ranked Miami as first in its list of America’s cleanest cities.

A new performing arts center provides world-class entertainment

The Miami international airport expansion – supporting over 80 airlines, flying to over 150 destinations

Port of Miami competes with ports around the world and is among the top container ports in the United States. Also Cruise Capital of the World

Premium education – home to the University of Miami, Florida International University, St. Thomas University, Barry University, Kellogg School of Management and Miami-Dade College

Home to the award winning Leonard M. Miller School of Medicine at the University of Miami, as well as the recently inaugurated Medical School at Florida International University

Global business center (over 1,000 multinationals)

We are multicultural and multilingual

BREAKING THE MYTHS ABOUT MIAMI-DADE

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South florida msa

South Florida MSA

  • The South Florida Metropolitan Statistical Area (Miami-Dade, Broward and Palm Beach Counties) represents 30 percent of Florida’s total population.

  • The average age is approximately 37 years and 60 percent of the population is between 18 and 65 years, the working age population.

  • 7th Largest MSA in the US (5,513,060 in Miami-Dade, Broward and Palm Beach).

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The beacon council miami dade county s official economic development partnership

South Florida

Population Growth 2000 – 2010 – 2015

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South florida racial ethnic breakdown in south florida 2010

South FloridaRacial & Ethnic Breakdown in South Florida, 2010

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The beacon council miami dade county s official economic development partnership

South FloridaMiami-Dade – Fort Lauderdale – West Palm Beach Payroll Employment, Annual 2008, 2009 and 2010

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The beacon council miami dade county s official economic development partnership

Miami-Dade County’s Unemployment Rate

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The beacon council miami dade county s official economic development partnership

Jobs Created or Lost in 2009 – 2010 in Miami-Dade County

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The beacon council miami dade county s official economic development partnership

Miami-Dade County's Unemployment Rate

(1996 – 2009)

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Nonagricultural employment in miami dade county

NONAGRICULTURAL EMPLOYMENT IN MIAMI-DADE COUNTY

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The beacon council miami dade county s official economic development partnership

Merchandise Trade through the Miami Customs District

2010 Trade

2010 Total Trade : $95.4 Billion

2010 Export Trade :$58.8 Billion

2010 Import Trade : $36.6 Billion

Surplus : $22.2 Billion

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Merchandise trade through the miami customs district

Brazil6. Costa Rica

Colombia7. Dominican Republic

Switzerland8. Honduras

China 9. Chile

Venezuela10. Mexico

Merchandise Trade through the Miami Customs District

Top Trading Partners in 2010

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Miami rankings

Rankings by fDi Magazine:

# 2 – Major City for Best Business Friendliness

# 3 – Major City for Best Foreign Direct Investment (FDI) Strategy

# 10 – Major City for Infrastructure

# 9 – North American Major City of the Future

AmericaEconomia

Since 2001, through survey conducted among Latin American business leaders:

Miami Ranked as top (#1 or #2) City for

Doing Business in Latin America.

Only City outside Latin America listed in

these rankings.

MIAMI RANKINGS

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The beacon council miami dade county s official economic development partnership

One Community One Goal Update

Research, Planning, Marketing… for a better tomorrow.

Alexandra Villoch, Co-Chair

Adolfo Henriques, Co-Chair


One community one goal a targeted industry initiative for miami dade county

One Community One Goal:A Targeted Industry Initiative for Miami-Dade County

Visitor

Life Sciences

Aviation

Financial Services

Fashion-Lifestyle

EDUCATION

International Commerce

Film & Entertainment

IT / Telecom

Education as the Foundation for Targeted Industry Strategies

Research, Planning, Marketing… for a better tomorrow.


One community one goal a targeted industry initiative for miami dade county1

One Community One Goal:A Targeted Industry Initiative for Miami-Dade County

Managed by the Beacon Council Economic Development Foundation

in Partnership with…

  • Miami-Dade County

  • The Beacon Council

  • Education and Training Community

  • Greater Miami Convention & Visitors Bureau

  • Coalition of Chambers

  • Greater Miami Chamber of Commerce

  • South Florida Workforce

  • State of Florida, Enterprise Florida, Florida Chamber Foundation

Research, Planning, Marketing… for a better tomorrow.


One community one goal fundraising and timeframe

One Community One Goal:Fundraising and Timeframe

Research, Planning, Marketing… for a better tomorrow.


May 4 2011

May 4, 2011


Miami international aerospace show

Miami International Aerospace Show

Key features:

  • The only international combined commercial/defense aerospace show in The United States and the largest in The Americas

  • Enhanced access to the growing aviation industry in South and Central America and the Caribbean

  • Provide companies a cost-effective alternative to exhibiting at other shows

  • Will serve as a home venue to showcase and sell American commercial and military aerospace equipment to the world

  • Direct economic impact on South Florida, creating new jobs, attracting new investments and solidifying our community as an aviation and aerospace leader

  • Further developing Florida's Aviation/Aerospace industry cluster that will provide stability, prosperity, and global competitiveness for the region Offer premiere exhibition opportunity to further their position as the leader in aerospace in the Americas


Top commercial air shows

Top Commercial Air Shows

There is no international commercial aerospace show in The United States.

Paris Air Show, Le Bourget France, biennial, June (odd years)

Farnborough Air Show, London England, biennial, July (even years)

Singapore, Air Show, Changi Airport, biennial, February (even years)

Dubai Air Show, U.A.E., biennial, November (odd years)


Miami international aerospace show1

Miami International Aerospace Show

October 31 – November 4, 2012 (biennial)

Homestead, Florida

  • 100+ chalets / 5+ pavilions

  • 100 aircraft display

  • 50 aircraft aerobatic display

  • 50 official foreign delegations

  • 500 Journalists

  • Educational Symposium

  • 3 day commercial event

  • 2 day public display

    • (Wings Over Homestead)

  • 75,000 trade attendees

  • 200,000+ public attendees

  • 800+ exhibitors


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