HomeMy WebLinkAboutItem #01 - Discussion ItemSUMMARY OF GLADSTONE ECONOMIC DEVELOPMENT
PLANNING,DEPARTMENT
CITY OF MIAMI DEPARTMENT OF
TRADE AND COMMERCE
ECONOMIC. WEAKNESSES
ECONOMIC STRENGTHS
TRENDS/OPPORTUNITIES
DISCUSS GOALS AND STRATEGIES.
REVIEW CURRENT AND PROPOSED ACTIVITIES'.:
SUGGEST NEXT STEPS BY COMMISSION.
WEAKNESSES OF ECONOMY
'UNEMPLOYMENT IS HIGHER THAN REGION.
INCOME IS LOWER THAN REGION
LOSS OFBUSINESSAND MIDDLE CLASS
IMAGE PROBLEM
LAND' COSTS HIGH/AVAILABILITY LOW
PERCEIVED CRIME PROBLEM
TAXES HIGH
REGIONAL AND DOWNTOWN TRANSPORTATION
STRENGTHSOF ECONOMY,
BANK DEPOSITS HIGH
INDUSTRIOUS LABOR FORCE
BI -LI NGUALLABOR FORCE
STRATEGIC LOCATION TO LATIN AMERICA..
AND 'CARIBBEAN;
CLIMATE
CLUSTERING GOVERNMENT FUNCTIONS
STATE/COUNTY/CITY
SIGNIFICANT "AT PLACE ASSETS"
DOWNTOWN MIAMI
PORT OF MIAMI
CIVIC CENTER AREA
MIAMI CONVENTION CENTER
BISCAYNE BAY/RIVER
TRENDSAND OPPORTUNITIES
TRENDS-
INCREASED INTERNATIONAL BANKING CAPABILITY.
ECONOMY BECOMING MORE DTVERSIFTED
FOREIGN T,OUR.I SM/SHOPP"ING;"UP
HEALTH CARE SECTOR STRONG/NON CYCLICAL;"
RETAIL SECTOR STRONG
JOBS. AND INCOMEUP ..
OPPORTUNITIES
OGOSOO
TOURIST RELATED BUSINESS.
BUSINESS, SUPPORT FUNCTIONS.
HEALTH
INTERNATIONAL TRADE
LIGHT" MANUFACTURING
PLASTICS -AND RUBBER
ELECTRONIC COMPONENTS
INSTRUMENTS
PRINTING AND PUBLISHING
•FURNITURE'
NEW JOBS FOR CITY RESIDENTS
UPGRADE EMPLOYMENT OPPORTUNITIES;
INCREASE PERSONAL 'INCOME
EXPAND TAX BASE.
PRIMARY MANUFACTURING
ACCESS TO COUNTY JOBS FOR OUR RESIDENTS
MARKET "AT PLACE" ASSETS
AND
) IMPROVE BUSINESS CLIMATE.,
2)`ENHANCE IMAGE
3) IMPROVE PHYSICAL. FACILITIES.
4) UPGRADE HUMAN CAPITAL.
5) TECHNICAL/FINANCIAL ASSISTANCE TO
BUSINESS
6) ATTRACT MIDDLE; AND, UPPER INCOME.
HOUSEHOLDS,
CURRENT. -:ACTIVITIES:,
1) IMPROVE:BUSINESS CLIMATE
CREATED DEPT. OF TRADE & COMMERCE
▪ EMPLOYER CONTACT`BY OTC REPRESENTATIVES
ADVI.SORY.COMMISSION ON TRADE/COMMERCE. ESTABLISHED
24.HOUR PHONE SERVICE/RESPONSE TO INQUIRIES
2) CHANGE IMAGE
;MARKETING IN FORTUNE
MIAMI_ BROCHURE`"
.TRADE FAIR OF, AMERICAS
3) IMPROVE PHYSICAL FACILITIES.
. LATINQUARTER ".DEVELOPMENT
GARMENT CENTER EXPANSION
• .MARINA AND RIVERFRONT " STUDIES."
`WORLD TRADE CENTER
-CONVENTION,CENTER ENTER
UPGRADE HUMAN CAPITAL
PARTLCIPATION.IN CETA & PRIVATE INDUSTRY•COUNCIL
5) TECHNICAL/FINANCIAL ASSISTANCE TO BUSINESS.
DIRECT HELP FROM'..OFFICE OF TRADE &.COMMERCE
6) ATTRACT MIDDLE AND ..UPPER 'INCOME HOUSEHOLDS"
"PARK WEST" STUDY UNDERWAY`
OVERTOWN PLAN ADOPTED
CIVIC CENTER STUDY NEARING, COMPLETION.
BISCAYNE BOULEVARD NORTH STUDY ADOPTED
PROPOSED ACTIVITIES
) IMPROVE BUSINESS CLIMATE
BUSINESS DEVELOPMENT SUB -COMMITTEE
TAPS PRIVATE RESOURCES:".
ADOPT POLICY ON ECONOMIC DEVELOPMENT
ENHANCE IMAGE
TRADE AND
COMMERCE SEMINARS
REGIONALMARKETING
INTEGRATE PROMOTIONAL THEMES
TARGETED MARKETING
3) IMPROVE PHYSICAL FACILITIES
FECFEASIBILITY STUDY
WATSON ISLAND FUNDED
INTERNATIONAL EXPOSITION CENTER
4) UPGRADE HUMAN CAPITAL
DEVELOP COUNTERPART MANPOWER
STRATEGYAND: PROGRAM
"5)"TECHNT
ICAL/FINANCIAL`ASSI`STANCE O `
BUSINESS
MIAMI -CITY-WIDE DEVELOPMENT CORPORATION
6) ATTRACT MIDDLE AND UPPER INCOME HOUSEHOLDS
EDGEWATER AREA STUDY
DEVELOP NEIGHBORHOOD COMMERCIAL REVITALIZATION
PLANS
SUGGESTED NEXT STEPS
ADOPT POLICY ON ECONOMIC DEVELOPMENT
APPROVE MARKETING PROGRAM AND ENGAGE CONSULTANT
ESTABLISH MIAMI`CITY -WIDE DEVELOPMENT CORPORATION:•
DISCUSS STUDY' WITH: PRIVATE SECTOR
ADOPT AND CARRY': OUT COMPREHENSIVE ECONOMIC DEVELOPMENT
STRATEGY