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Beacon Council & South Florida Manufacturers Association Sign Partnership Agreement

Members of the Miami-Dade County Beacon Council, including President & CEO,Michael Finney and Executive Vice President of Economic Development, James Kohnstamm, recently joined South Florida Manufacturers Association President, Matthew Rocco, Board Chair, Luis Gonzalez-Mendez and Board member, Bill Simonitsch to sign an agreement establishing a partnership to provide greater interaction and effectiveness between the two organizations and to highlight and support the growth of manufacturing throughout Miami-Dade County.

The Miami-Dade Beacon Council Warmly Welcomes our Neighbors to the North

Last week, The Miami-Dade Beacon Council met with Canadian Delegates at the Greater Miami Chamber of Commerce. Beacon Council Senior Vice President of International Economic Development, Mario J. Sacasa joined Donald Leblanc, Delegate of the Government of Quebec in Atlanta; Glenn Cooper, Partner at the law firm of Nelson Mullins Broad and Cassel, President of the Canada-Florida Chamber of Commerce and Incoming Chair of the Beacon Council International Advisory and Liane Ventura, Senior Vice President of International Business & Industry Growth at Miami Chamber of Commerce to discuss ways to improve and increase the flow of trade and investment between Quebec and Miami-Dade.

Frontier to Quadruple its Miami Flight Schedule this Fall

Low-cost carrier Frontier announced today that in November it will expand its schedule at Miami International Airport by a total of 28 weekly flights and six additional routes, bringing its total weekly departures to 57. Its new Miami schedule will include three weekly flights to Hartford/Springfield and three weekly flights to San Juan beginning November 14, in addition to four weekly flights to Boston starting November 15 – three first-time routes by Frontier from MIA. Frontier will also launch four daily flights to Detroit starting November 15, as well as bring back daily service to New York LaGuardia and Chicago O’Hare on November 14.

Miami-Dade County Unemployment Rate has been lower for the Last Eight Months

In June 2019, Miami-Dade was the third largest metro area in year-over-year job gains in Florida, following Orlando-Kissi­­mmee-Sanford and Tampa-St. Petersburg-Clearwater. The County created 24,900 new non-agricultural payroll jobs (not seasonally adjusted) from June 2018 to June 2019, which was a 2.1 percent increase. The jobs were created in different industries with the highest job creation occurring in Education & Health Services (9,400), Leisure and Hospitality (5,400), Transportation, Warehousing & Utilities (4,800), Construction (3,400), Professional & Business Services (1,600), Other Services (1,400), Information (400) and Wholesale Trade (400). The graphs below show the payroll data since October 2017.

Neuropsychology Expert Dr. Joy Vaughan to Help Women Bounce Back

Miami, FL. - Armed with real-life strategies for women recovering from painful setbacks, Dr. Joy Vaughan will bring her amazing expertise to help elevate an intimate gathering of women influencers at the kick-off of the 2019 WOMEN’S POWER CAUCUS on the afternoon of Friday, July 19th. The open forum takes place at the Hilton Miami immediately after the Quiet Storm Awards Reception and Networking Experience that opens at 5:30pm.

Dr. Joy Vaughan

Jamaica’s Creative Industry the Next Big Thing

The non-traditional Creative Industry can be the ‘next big thing’ to help bolster the Jamaican economy. The industry includes fine arts, film, fashion, craft, music, dance, cuisine and so much more. And if supported, can become a major contributor to Jamaica’s Gross Domestic Product (GDP). In fact, according to the Jamaica Promotions Corporation (JAMPRO), the island’s creative industry is the third largest contributor to GDP.

MIA Wins Approval for up to $5 Billion in Modernization Projects

MIAMI —On Tuesday, June 4, 2019, the Miami-Dade County Board of County Commissioners adopted a new capital improvement program at Miami International Airport that will fund up to $5 billion in airport-wide modernization projects over the next five to 15 years, paving the way for future growth in passenger and cargo traffic at MIA - projected to reach 77 million travelers and more than four million tons of freight by the year 2040.

April Employment Report Presented By Career source South Florida

In April 2019, Miami-Dade County area was the second largest metro area in year-over-year job gains in Florida, following the Orlando-Kissi­­mmee-Sanford area. The County created 27,800 new non-agricultural payroll jobs (not seasonally-adjusted) from April 2018 to April 2019, which was a 2.3 percent increase. The jobs were created in different industries with the highest job creation occurring in Education & Health Services (6,200), Professional & Business Services (5,700), Transportation, Warehousing & Utilities (5,700), Leisure and Hospitality (4,400), Construction (3,600) Other Services (2,000), and Total Government (1,100). The graphs below show the payroll data since October 2017.

Record 12 States With Unemployment Rates Below 3%.

Unemployment rates were lower in April in 10 states and stable in 40 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Four states had jobless rate decreases from a year earlier, 1 state had an increase, and 45 states and the District had little or no change. The national unemployment rate declined by 0.2 percentage point from March to 3.6 percent and was 0.3 point lower than in April 2018.

Portmiami’s Outlook is Solid: Rating Agencies Upgrade Bond Rating

MIAMI, Florida – PortMiami’s credit rating was upgraded to ‘A3’ with an outlook change to stable by Moody’s Investor Services while Fitch Ratings affirmed PortMiami’s ‘A’ rating with a stable outlook. The ‘A’ rating by both Moody’s and Fitch reflects PortMiami’s strong competitive position as the Cruise Capital of the World and as a leading cargo port, highlighting its fundamental operating strengths, and its sizeable minimum annual guaranteed revenues. With strong profit margins of 48.5% from 2013-2018, passenger and cargo volume increases of approximately 37% and 20%respectively, from 2013-2018, and anticipated capital improvements of around $1.5 billion, PortMiami is situated to continue as the leading port in the cruise industry.

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