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

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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  1. 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 1 1

  2. 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

  3. 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. 3

  4. 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 4

  5. MIAMI-DADE COUNTYIndustry Sector Focus • Aviation • Fashion-Lifestyle • Life Sciences • Financial Services • International Commerce/Multinational Corporations • Information Technology/Telecommunications • Film & Entertainment • Visitor Industry 5

  6. International Geographic Target Markets for Miami-Dade County 6

  7. Metropolitan NY/NJ Atlanta Chicago California Dallas Domestic Geographic Target Markets for Miami-Dade County 7

  8. 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 8

  9. 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 9

  10. 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). 10

  11. South Florida Population Growth 2000 – 2010 – 2015 11

  12. South FloridaRacial & Ethnic Breakdown in South Florida, 2010 12

  13. South FloridaMiami-Dade – Fort Lauderdale – West Palm Beach Payroll Employment, Annual 2008, 2009 and 2010 13

  14. Miami-Dade County’s Unemployment Rate 14

  15. Jobs Created or Lost in 2009 – 2010 in Miami-Dade County 15

  16. Miami-Dade County's Unemployment Rate (1996 – 2009) 16

  17. NONAGRICULTURAL EMPLOYMENT IN MIAMI-DADE COUNTY 17

  18. 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 18

  19. Brazil 6. Costa Rica Colombia 7. Dominican Republic Switzerland 8. Honduras China 9. Chile Venezuela 10. Mexico Merchandise Trade through the Miami Customs District Top Trading Partners in 2010 19

  20. 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 20

  21. One Community One Goal Update Research, Planning, Marketing… for a better tomorrow. Alexandra Villoch, Co-Chair Adolfo Henriques, Co-Chair

  22. 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.

  23. 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.

  24. One Community One Goal:Fundraising and Timeframe Research, Planning, Marketing… for a better tomorrow.

  25. May 4, 2011

  26. 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

  27. 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)

  28. 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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