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Organization highlights strategic wins including 10,000+ new jobs, $806.5 million
in new capital investment, and a $2.54 billion annual boost to the County’s GRP
MIAMI, FL (January 15, 2025) – The Miami-Dade Beacon Council, the County’s official public-private economic development partnership that serves as a gateway to inclusive opportunity, unparalleled growth, and transformational impact, today hosted its 2024 Annual Meeting, presented by American Airlines and Florida International University and held at theInterContinental Miami, to recognize and celebrate the organization’s 2023-2024 economic development efforts. Themed “Build Beacon. Build Miami. Build Together.”, the session reinforced the power of partnership and a winning mindset in driving economic growth, cultural vibrancy, and community reinvestment in accelerating Greater Miami’s emergence as a thriving, world-class hub for business and investment.
Forty-five companies worked with The Beacon Council to expand or relocate to Greater Miami over the past year, committing to 10,287 new jobs and $806.5 million in new capital investment; this will contribute $2.54 billion annually to Greater Miami’s gross regional product (GRP). With an average salary of $86K, these projects will also generate $16.6 million in annual tax revenue for Miami-Dade County, providing critical support for public services and infrastructure.
“Miami-Dade County is not only growing, but leading on the global stage,” said Miami-Dade County Mayor Daniella Levine Cava. “As the County’s economic partner, The Beacon Council has been instrumental in driving this leadership. Our partnership is built on a shared vision and commitment to act strategically today for a better tomorrow for generations to come. Through unified and engaged collaboration, we are fostering an inclusive and resilient community – one where businesses thrive and residents prosper. Together, we are addressing key challenges such as climate, affordable housing, education, transportation, infrastructure, and income inequality to shape the economic future we all envision for Greater Miami.”
A significant 51% of the new capital investment and 45% of jobs created were concentrated in Target Urban Areas, bringing equitable development to traditionally underserved communities throughout Greater Miami.
Key sectors driving growth in FY2023-2024 include:
“Our work is not just about numbers—it’s about shaping Greater Miami’s economic future,” said Rodrick Miller, President & CEO of the Miami-Dade Beacon Council. “As we stand at the threshold of this future, we are energized by the successes of this year, which highlight The Beacon Council’s role as a driving economic force. We are entering this milestone year – our 40th anniversary – from a position of strength, resilience, and renewed momentum, building on decades of steady progress and enduring impact. By advancing global partnerships, embracing innovation, and prioritizing inclusive opportunities, we have attracted transformative investments that have yielded high-quality jobs and a lasting mark on our community.”
Greater Miami’s global reputation as a leading destination for investment was strengthened by significant contributions from international markets. While domestic projects accounted for 93% of new capital investment, international investors from countries like Brazil ($33 million), Spain ($14 million), and Canada ($1 million) collectively created 1,213 new direct jobs across 18 projects, demonstrating the increasing confidence in the Greater Miami market and the region’s ability to foster internal growth alongside international investment.
In parallel, Opportunity Miami, a future-facing initiative under the Beacon Council Foundation, imagines the Miami of the future and addresses key issues such as sustainability, talent, and innovation. In partnership with the Academic Leaders Council, Beacon and Opportunity Miami published 2040 Talent Development Goals to serve as a roadmap for Miami to achieve65% educational attainment community-wide by 2040 to remain competitive and responsive to workforce talent needs.
“As I start my second term as Chair of The Beacon Council, I am confident in Miami-Dade County’s position as a gateway to the world,” said Juan Carlos Liscano, Vice President of Miami Hub Operations. “We have hit a milestone year with unprecedented growth and have significantly innovated in ways that have fueled the expansion of local businesses, further elevating Greater Miami as a world-class business hub.”
The Beacon Council’s Annual Meeting was presented by American Airlines and Florida International University, with additional sponsorship from Florida Power & Light, BaptistHealth South Florida, Northeastern University, LeverX, WOT Educational Services, and other dedicated sponsors. Closing out the session was a compelling panel discussion on the economics of sports in South Florida moderated by Portia Blunt, Senior Vice-President of Global Product for Reebok on the economics of sports in South Florida. The panel featured 2-time NBA All-Star Joakim Noah; Eric Poms, CEO of the Orange Bowl Committee; and Myles Pistorius, Senior Vice-President & General Counsel for the Miami Dolphins & Hard Rock Stadium.The discussion highlighted the vital role sports play in driving economic growth, fostering community engagement, and reinforcing Greater Miami’s position as a global hub for innovation and investment whether at work and play.
For more information on the organization’s activities and the full roster of 2023-2024 projects, click here to download their 2024 Annual Report, sponsored by Florida Power & Light.
About the Miami‐Dade Beacon Council
As a vital catalyst for economic development, the Miami-Dade Beacon Council is the gateway to inclusive opportunity, unparalleled growth, and transformational impact. We achieve this by growing the local economy, championing Miami’s business brand, supporting talent and workforce development, and shaping Greater Miami’s economic future. Established in 1985, The Beacon Council has attracted more than 160,000 new jobs and $8 Billion of new investment to Miami-Dade County. For more information, visit BeaconCouncil.com.
