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“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 |
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