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South Miami Dade Economic Development Strategy Community Meeting #3

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South Miami Dade Economic Development Strategy Community Meeting #3 South Miami Dade Economic Development Strategy Community Meeting #3 June 2020 1 Introductory Comments Steve Losner, Mayor, City of Homestead Dennis C. Moss, Miami-Dade County Commissioner, District 9 Daniella Levine Cava, Miami-Dade County Commissioner, District 8 Greg Vaday, Economic Development Administration 2 SOUTH DADE ECONOMIC DEVELOPMENT 3 • Built on information drawn from South Dade community since 2016. • Seeks additional information directly from the local constituency. • Driven from information from community Implementation meetings, Top Employer Survey, Industry Discussions and Review of pertinent local plans Plan Structure and studies. • Vetted information from meetings by comparing to The Process hard data to ensure that the recommendations are supported by the realities not just sheer opinion. • Sought input of economic development professionals within the State of Florida who shared their experience as to what works and what doesn’t • Plan has been peer reviewed by representative of the International Economic Development Council 4 • Economic and Demographic Basis for Implementation Recommendations • Marketing Strategy Plan Structure • Evaluation of Opportunity and Constraints • Implementation Considerations & Budget The Plan • Strategic Action Plan • Implementation Matrix 5 • Community Meeting #1 (ZooMiami: 11-20-2019) • Review of Past South Dade Economic Development Efforts • SWOT breakout session by major economic development category • Community Meeting #2 (Evelyn Greer Park: 1-30-2020) • Model Economic Development Entity Panel • Overview of Economic & Demographic factors that will Community drive South Dade economic development • Preview of Economic Development Strategy Meeting • Audience Participation Memory Lane • Community Meeting #3 (Virtual Meeting: Today) • Recommended Covid-19 recovery measures • Review of longer term strategy based upon analysis and prior input • Organizational Recommendations • Emerging and Traditional South Dade Industry Specific Recommendations 6 Bridge to the New Normal COVID-19 Economic Recovery 7 Circumstances which have made the South Dade Economy Particularly Vulnerable to Impacts of COVID-19 • Employment in Miami-Dade dependent on small businesses • 141,154 firms employing 667,814 employees. • Represents approximately 2/3 of total employment in Miami-Dade. • South Dade has very limited number of large employers • The pandemic is severely impacting Tourism, Retail, Agriculture and Healthcare – industries that represent the core South Dade’s traditional economy 8 COVID-19 Response: Recommended Strategies • Local Economic Development Organization referred to in South Dade Strategy should start convening, in partnership with the cities in South Dade and Miami-Dade County, a South Dade Covid-19 Recovery Working Group. • Miami-Dade County file an application for EDA funding through the newly released CARES Act EDA funding opportunity specifically to fund South Dade economic recovery implementation. 9 COVID-19 Response: Strategy #1 • South Dade Covid-19 Recovery Working Group • Miami-Dade County • 5 South Dade Municipalities (Pinecrest, Palmetto Bay, Cutler Bay, Homestead, & Florida City) • Greater Miami Convention and Visitor’s Bureau • The Beacon Council • Chamber South • South Dade Chamber • Local Banks • Miami-Dade College • Baptist Hospital • Public Health System • Community Health, Inc. • Farm Bureau • FPL • University of Florida TREC 10 COVID-19 Response: Strategy #1 (cont.) • Goals of the COVID-19 Working Group should include: • Assessing the state of the South Dade economy post COVID-19 • Identify specific tactics for assistance to local business • Develop program that focuses specifically on microbusinesses (firms that employ up to 20 employees) and start-up’s which may thrive and grow in the future and, • Identify economic development policies that help replace jobs/industries lost in South Dade economy as result of pandemic. 11 COVID-19 Response: Strategy #2 • Miami-Dade County should file an application for EDA funding through the newly released CARES Act EDA funding opportunity specifically to fund South Dade economic recovery implementation. • The CARES Act allocated $1.47B for economic development assistance grants of which $247 million is allocated to the Atlanta Region which includes Florida. • Grants can be used for implementation of economic development strategies • Matching funds required in the amount of 20% of requested funds 12 Background to the Market Review 13 Geographic Context South Dade contains five municipalities although vast majority of land area is within unincorporated Miami-Dade County. A substantial portion of the planning area is outside of the Urban Development Boundary (UDB). 14 South Dade and County Employment 2011-2017 Employment Sector % Growth/Loss -17.8% Public Administration -50.6% 5.8% Other Services (excluding Public Administration) -10.7% 25.6% Accommodation and Food Services 32.0% 11.6% Arts, Entertainment, and Recreation -13.0% 9.3% Health Care and Social Assistance 14.1% -7.5% Educational Services -64.3% 25.3% Administration & Support, Waste Management and Remediation 6.7% 3.8% Management of Companies and Enterprises -42.2% 20.4% Professional, Scientific, and Technical Services 24.8% 33.8% Real Estate and Rental and Leasing 17.3% 14.7% Miami Dade Finance and Insurance 25.2% County 7.5% Information -13.4% 21.2% Study Area Transportation and Warehousing 53.5% 10.3% Retail Trade 10.9% 2.3% Wholesale Trade 4.2% 12.0% Manufacturing 18.5% 53.5% Construction 41.5% -10.3% Utilities -4.4% 36.6% Mining, Quarrying, and Oil and Gas Extraction 11.1% -9.6% Agriculture, Forestry, Fishing and Hunting -9.0% -80.0% -60.0% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% Source: Census On 15the Map Miami Dade County Employment Projections by Sector (2019 to 2027) Employment Industry Percent (Highlighted industries demonstrate potential for significant growth) 2019 2027 Growth Growth Total All Industries 1,292,693 1,389,390 96,697 7.5 Agriculture, Forestry, Fishing and Hunting 8,410 8,413 3 0.0 Mining 517 531 14 2.7 Construction 53,079 57,314 4,235 8.0 Manufacturing 41,604 41,221 -383 -0.9 Wholesale Trade 73,949 75,591 1,642 2.2 Retail Trade 149,877 157,041 7,164 4.8 Transportation and Warehousing 76,800 84,089 7,289 9.5 Information 20,355 19,829 -526 -2.6 Finance and Insurance 51,512 53,793 2,281 4.4 Real Estate and Rental and Leasing 28,993 31,261 2,268 7.8 Professional, Scientific, and Technical Services 85,317 97,214 11,897 13.9 Management of Companies and Enterprises 10,471 11,624 1,153 11.0 Administrative and Support and Waste Management and Remediation Services 91,289 99,700 8,411 9.2 Educational Services 36,120 40,047 3,927 10.9 Health Care and Social Assistance 153,136 175,318 22,182 14.5 Arts, Entertainment, and Recreation 16,587 17,417 830 5.0 Accommodation and Food Services 128,045 138,937 10,892 8.5 Other Services (except Government) 43,155 45,402 2,247 5.2 Government 143,175 147,895 4,720 3.3 16 Self Employed and Unpaid Family Workers, All Jobs 77,879 84,579Source: FDEO 6,700 8.6 South Dade Primary & Secondary Schools • Miami-Dade County Public Schools • Private Schools • K-8 Centers – 24 • Gulliver • Elementary Schools – 53 • Palmer Trinity • Middle Schools – 17 • Westminster Christian • Senior High Schools – 12 • St. Thomas Episcopal • Combination - 2 • Montessori • Alternative/Specialized Centers – 6 • Charter High Schools - 10 17 South Dade Higher Education • University of Florida Tropical Research and Education Center - mission is to develop solutions for Florida farmers by applying trade policy analysis and related production and marketing issues. • Florida International University - FIU, Zoo Miami and the ZooMiami Foundation are teaming up to expand conservation research opportunities for undergraduate college students. • Miami Dade College Kendall and Homestead Campuses – A full range of educational programs. In addition, to academic programs that include entertainment technologies, nursing, and the arts and sciences, the Homestead Campus is home to the Eig-Watson School of Aviation. 18 Education and Economic Development • Education is of equal importance to infrastructure as it relates to an area’s economic development • Availability of strong local schools and higher education resources is continually citied as a principal driver of business location decisions and the economic health and welfare of a region. • Beyond basic English, Math, Social Studies, and Science skills and knowledge, targeted curriculum for area businesses is important in secondary, adult, and university programs Only by providing leading-edge human capital and knowledge capital can America continue to maintain a high standard of living including providing national security for its citizens. - Norman Augustine 19 2019 to 2027 Scenario A Scenario B Scenario C Historic Moderate Significant All Sectors Trend Intervention Intervention NAICS 2-Digit Employment Code Net New Jobs Net New Jobs Net New Jobs Agriculture, Forestry, Fishing and Hunting 3 3 4 Mining, Quarrying, and Oil and Gas Extraction 2 2 2 Construction 690 690 690 Manufacturing (68) (68) (68) Wholesale Trade 274 274 274 Retail Trade 1,252 1,252 1,252 Future Transportation and Warehousing 398 547 802 Information (70) (70) (70) Finance and Insurance 519 769 1,026 Growth Real Estate and Rental and Leasing 119 119 119 Professional, Scientific, and Technical Services 1,595 2,391 3,188 Scenarios Management of Companies and Enterprises - - - Administration & Support, Waste Management and Remediation 300 300
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