Economic Analysis
The mission of the County’s Economic Development Strategic Plan is “to expand and further diversify Miami-Dade County’s economic and employment opportunities, by promoting, coordinating, and implementing economic revitalization activities that reduce socioeconomic disparity and improve the quality of life of all residents.”
The Economic Development and International Trade (EDIT) unit of the Department of Regulatory and Economic Resources supports the coordination, implementation and periodic updating of the County’s socioeconomic development plans and initiatives, and provides comprehensive analyses on local economic conditions, trends and economic policy options.
EDIT is responsible for conducting economic, financial and programmatic research and analyses, and developing socioeconomic policy recommendations in collaboration with other County agencies and private sector stakeholders. OEDIT manages the development and maintenance of economic databases necessary for effective policy making, provides a point of interface with the business community and makes presentations on economic issues to the public.
EDIT regularly prepares reports on current economic conditions and business cycle trends for the administration and the Board of County Commissioners. These reports are often disseminated to the public through the department’s web site and public media outlets.
EDIT also provides economic statistical profiles covering local longer-term trends and specific topic areas, such as local macroeconomic trends, socioeconomic conditions and international trade. It also provides socioeconomic profiles of County commission districts and economic development priority areas of the County, as well as estimates of economic impacts from county capital projects, operating expenditures and economic development projects receiving County financial support.
EDIT has specialized expertise in economic modeling, simulation and development of economic forecasting scenarios for policy analysis with the capability to address a wide range of economic questions.
