text
stringlengths
0
6.44k
“patient capital”, as it can take years for a technology to become
profitable.
Seeing the need to nurture these ventures, Endeavor Miami launched
its first start-up accelerator program focused on scaling clean and
climate tech companies. Advances in biotech, medical, and energy
creation, including the harnessing of tidal energy, places South Florida
in the forefront of this growing sector.
Creative Media, Design, & the Arts
South Florida is known for its fashion, art, music, and design. Its
creative culture has been an asset for growing businesses in film,
architecture, engineering, fashion, advertising, public relations,
software development and other creative arts. Jobs, particularly those
involved with digital media including software publishers, internet
publishing, data processing and hosting, computer programming and
computer system design services all pay more than $100,000 a year.
Many of these jobs are growing. Miami-Dade County had a 24.3%
increase in the number of software publishers employed over the
course of the past 5 years. Internet publishing, data processing and
custom computer programming services all saw increases of 8% or
greater as well in Miami-Dade. In Broward County, internet
publishing had nearly a 6% increase, custom computer programming
approximately 7%, and computer systems design services had an
almost 8% increase.
Within Creative Media and Design, film has been a burgeoning
industry for South Florida. Most recently there were approximately
2,800 people working in motion picture and video production.
Previously, Florida ranked # 3 in the country for film production until
2016 when the State discontinued its incentive program prompting a
mass exodus.
In recent years, the industry has remained relatively stable with a slight
decline in Miami-Dade and 3.7% growth in Broward County. Jobs
within motion picture and video production pay well with a statewide
average annual wage surpassing $90,000. Both counties have launched
their own local incentive programs to lure back the film industry.
Efforts to attract more the film and television industry to Broward
County accelerated with the creation of the County’s Film Commission.
Working in partnership with Broward County, the City of Fort
Lauderdale recently announced that the City of Fort Lauderdale is
scheduled to be home to one of the largest sound stages in the country.
The 350,000 square foot state-of-the-art movie studio is scheduled to be
fully built by 2025 on a former superfund site. This project is expected
to create more than 10,000 highly-paid jobs over the next few years.
The Arts and Cultural sector of the economy continues to distinguish
our region as one of the fastest growing and most diverse cultural
centers in the nation. Hundreds of nonprofit arts organizations and
thousands of artists/entrepreneurs are presenting and creating
exhibitions, performances and events that are expanding the image of
South Florida. Now we are being increasingly viewed as the
“sophisticated subtropics.” This cultural life is providing South Florida
82 | Page
with the competitive edge for attracting businesses, tourism, and a
skilled workforce all of whom consider the attractiveness of a vibrant
cultural life when making decisions about where to live, work, visit,
and raise a family.
South Florida theaters, museums, arts centers, and artists are among
the most diverse and innovative in the hemisphere, reflecting the
myriad cultural heritages and artistic traditions that now comprise our
population. The creation of new artistic work with a South Florida
voice is putting our region on the international cultural map as a leader
in creativity for the 21st century.
The arts are not only invaluable as a regional business asset, but they
also are helping to improve neighborhoods and change lives for the
better through the revitalizing impact of pioneering arts organizations
and artists.
As an example, in Miami-Dade County alone, neighborhoods like
Wynwood, Allapattah, Liberty City, Doral and Little River are
experiencing an economic and social renewal through catalytic arts
initiatives. Artists and nonprofit arts organizations are helping to
create a region where differences are shared and celebrated forging a
sense of pride of place.
Numerous county and municipal Cultural & Performing Arts Centers
and Theatres have elevated South Florida to one of the top regions for
the Cultural Arts. These centers include the Adrienne Arsht Center for
the Performing Arts of Miami-Dade County and the Broward Center
for the Performing Arts. The Arsht Center is the home stage for three
resident companies – Florida Grand Opera, Miami City Ballet, and the
New World Symphony.
Miami City Ballet, 2022. Jennifer Lauren and Renan Cerdeiro. Romeo and
Juliet. Vizcaya Museum and Gardens. Photo by Gary James.
Source: https://www.arshtcenter.org/plan-your-visit/faqs/
83 | Page
Ranking among the top ten-most visited theaters in the world, The
Broward Center for the Performing Arts presents more than 700
performances each year to more than 700,00 patrons. 101
The arts are essential to a well-rounded education, providing children
with creative problem-solving skills, training in teamwork, and the
discipline necessary to succeed once they enter the 21st century
workforce in any job or profession. The nonprofit arts industry,
including museums, theaters, festivals, and arts centers, continues to
generate significant jobs and impact on the economy in South Florida.
A 2015 Arts & Economic Prosperity Study for this sector documented
40,944 full-time jobs in Miami-Dade, 11,078 jobs in Broward and 2,193
in Monroe. The total impact on the South Florida economy was
$1,929,811,931.102
The intersection of the Creative Media, Design, & the Arts sector with
the Hospitality & Tourism sector, particularly given the demand for
entertainment, technicians, and activities staff to support South
Florida’s cruise industry provides a unique opportunity for South
Florida to host practice facilities for cruise entertainment staff. South
Florida’s Economic Development professionals market a vibrant