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Economic Development

Economic Development

Fueled by incentives that are attracting established businesses as well as entrepreneurs to our community, job growth in Miami-Dade County is accelerating at a rapid pace. New business expansions are increased by infrastructure and technological investments throughout our community. Partnerships with private and non-profit organizations are helping to develop tomorrow’s workforce and creating well-paying jobs that broaden economic opportunities for County residents. Collectively, these trends are helping the County solidify its place in the global economy.

 

• In partnership with CareerSource South Florida and the Neighbors and Neighbors Association, Mayor Carlos A. Gimenez launched Employ Miami-Dade, a new initiative that addresses poverty and unemployment by providing job training and employment opportunities in areas with high crime and unemployment rates. With the construction industry expected to continue to grow over the next decade, graduates of this program will be among the first in line for those job opportunities.

• Miami-Dade County hosted the Mayoral Summit at the first eMerge Americas Conference, where more than 6,000 tech giants and startups shared cutting-edge ideas and visions for our community’s burgeoning technology industry. On the heels of the conference, Microsoft launched its first U.S.- based Microsoft Innovation Center in Miami-Dade County to help drive the creation of high-tech jobs and to facilitate collaboration across diverse industries.

• Continuing to expand economic opportunity to small businesses while fostering a more competitive and diverse vendor pool, the County awarded small businesses more than $103 million, or 26 percent of all construction contracts, more than $43 million, or 27 percent, of all architectural & engineering contracts, and more than $26 million, or 2.3 percent of goods and services contracts through set-asides and small business goals.

• Through the Miscellaneous Construction Contract Program, more than 600 requests for quotations totaling over $121 million were awarded to contractors certified as Community Small Business Enterprise firms.

• The County awarded 235 contracts valued at more than $643 million in the acquisition of goods and services.

• The Miami-Dade Economic Advocacy Trust launched a summer jobs program that matched student volunteers from its Teen Court program with local employers in order to help tomorrow’s professionals make key contacts and gain valuable job experience.

• The Water and Sewer Department awarded 14 engineering and construction contracts worth approximately $419 million as part of the estimated $13.5 billion Capital Improvement Plan (CIP). The CIP — the largest in the County’s history — will result in the upgrade of thousands of miles of pipes, pump stations, and water and wastewater treatment plants that provide high-quality drinking water and wastewater services. In addition, the project will create approximately 16,470 new jobs over the next 10 years, improve the reliability and sustainability of the water and sewer system, and generate an estimated $24.9 billion in economic output.

• LAN Cargo, S.A. agreed to build its first U.S. maintenance facility at MIA. The $23.9 million project is expected to create more than 300 jobs in the first five years.

• Cargo service at PortMiami also took a big step forward. CMA CGM Group, the world’s largest container shipping company, added a new weekly call to the port with its Amerigo Service, which is creating new trade opportunities between Miami-Dade County and Mexico. In addition, Seaboard Marine, Crowley Maritime and King Ocean Services committed to a vessel sharing agreement that increases weekly service from Miami to Costa Rica and Panama.

• PortMiami, The Cruise Capital of the World, broke another world record by welcoming more than 4.8 million multi-day passengers, solidifying its role as the global headquarters for leading cruise lines and the departure destination of choice for cruises.

• Work continues on the Deep Dredge project, which is on schedule to be completed by the summer of 2015. Once finished, the Port will be one of only three U.S. Atlantic ports to berth deep draft megaships capable of accessing the expanded Panama Canal when it opens in 2016. This increased capacity will allow PortMiami to accommodate bigger ships and remain competitive in the global marketplace.

• Foreign Trade Zone (FTZ) 281 reached a major milestone in 2014, offering 3 million square feet of warehousing and logistics space at 27 approved sites. FTZs allow businesses to be more competitive by creating savings within the zone that enable them to receive, warehouse and re-export products duty-free.

• Miami International Airport set a new all-time record for passenger traffic in 2014 with 40.9 million passengers, an increase of nearly 400,000 over 2013. This is the fifth consecutive record breaking year at the airport. MIA also set a new all-time record for cargo in 2014 with 2.2 million tons of goods moving through the airport, up 55,000 tons over 2013, marking the sixth consecutive year of growth.

• The number of carriers at Miami International Airport (MIA) reached 100 — the most of any U.S. airport when eight new airline partners were added to the airport’s lineup. Combined, the new airlines are projected to directly and indirectly generate more than $834 million in business revenue and over 6,800 jobs annually within Miami-Dade County.

• MIA also added eight new international routes to its expanding global network, with service launches to: Doha, Qatar; Munich, Germany; Helsinki, Finland; the cities of Belem, Fortaleza and Viracopos, Brazil; Brussels, Belgium; and Cap-Haitien, Haiti.

• More than 900 film, photo and digital media productions infused $180 million into the local economy, creating more than 15,000 jobs. This activity resulted in more than 35,000 hotel room bookings.

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