The Beacon Council

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  • One Community One Goal Update Doral Business Council December 13, 2011Frank R. Nero, President and CEO, The Beacon Council
  • Misconceptions About Miami-Dade The average residents 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 2
  • What is Miami-Dade County Today?What is our vision forour community in thefuture?Community at theCrossroads 3
  • Trends in Unemployment and Job Creation 4
  • Miami-Dade Countys Unemployment Rate (1996 2010)14.0% 12.4%12.0% 10.7%10.0% 7.8% 8.0% 7.3% 7.1% 7.2% 6.9% 6.4% 5.8% 5.6% 6.0% 5.3% 5.3% 4.3% 3.8% 3.8% 4.0% 2.0% 0.0% 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 5
  • Jobs Created or Lost from 2008 - 201130,00020,000 18,900 15,900 11,90010,000 7,200 4,900 3,700 0 Ja Ap Ju 8 O 8 Ja Ap y 0 Ju 9 O 9 Ja Ap y 1 Ju 0 O 0 Ja Ap y 1 Ju 1 O 1 ct ct ct ct nu ly nu 08 ly nu 09 ly nu 10 ly ril ril ril ril-10,000 ob ob ob ob 0 0 1 1 ar ar ar ar 0 0 1 1 er er er er y 0 1 8 9 0 1 1-20,000 -20,600 -23,700-30,000 -33,100 -31,200 -36,400-40,000-50,000 -50,000-60,000 6
  • Current Employment in Miami-Dade County October 2011 Industry Title # of Emp % of Total Total Employment 1,013,210 100.00% Trade, Transportation, and Utilities 254,000 25.07% Retail Trade 126,200 12.46% Wholesale Trade 69,100 6.82% Transportation, Warehousing & Utilities 58,700 5.79% Education and Health Services 166,900 16.47% Hospitals 45,200 4.46% Total Government 153,500 15.15% Professional and Business Services 136,800 13.50% Leisure and Hospitality 109,300 10.79% Financial Activities 60,600 5.98% Other Services 40,400 3.99% Manufacturing 33,700 3.33% Construction 31,400 3.10% Information 17,000 1.68% Agriculture 9,310 0.92%Source: Florida Department of Economic Opportunity, Labor Market Statistics, Census of Employment Statistics & Quarterly Census of Employment andWages, 2011 7
  • Miami-Dade County Targeted Industry Strategic Plan - Background1984 - The Beacon Council was founded and developedbusiness retention, expansion and recruitment strategies1996 - One Community One Goal initiative identifiedTargeted IndustriesGiven extreme changes in global economy and competitionfrom cities throughout the world for new investment and jobcreation a comprehensive update on strategicopportunities was needed 8
  • Current Miami-Dade County Targeted Industries Aviation International Commerce Fashion-Lifestyle IT/Telecom Life Sciences Film & Entertainment Financial Services Visitor IndustryThe Beacon Council has partnered with the County to incorporate Target Industries into the Economic Element portion of the ComprehensiveMaster Plan and the Economic Development component of the Countys Strategic Plan. 9
  • What will the One Community One Goal Targeted Industry