September 2, 2014

Beacon Council Celebrates 25th Anniversary

Hard-hit Miami-Dade is getting a boost from tourism.

| 7/8/2010
Most economists think Miami has bottomed out and believe businesses will start to grow again this year. However, no one is predicting unemployment will improve much. “I think that the signs point to the fact that the unemployment rate is going to remain relatively high for 2010,” says Frank Nero, president and CEO of Miami-Dade’s economic development partnership, the Beacon Council. “A lot of that was in the construction side, and we don’t see that having any immediate uptick.”

To see real job growth, says Nero, “we would like to see, in the short term, construction back and financial services back, (and in the long term) more knowledge-based industries, more green industries and increased foreign direct investment.”

The area’s tourism industry held steady in 2009. Average occupancy rose 10.6% to 74.6% and revenue per available room was up 3.9%, but the increases came on the back of room rates, which were down 7%, to an average of $166.28.

See more
» Miami-Dade / Monroe Yearbook 2010
» Beacon Council Marks 25 Years of Progress, Challenges

Tags: Miami-Dade

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Disney's Hoop-Dee-Doo still serving up laughs, dinner after 40 years
Disney's Hoop-Dee-Doo still serving up laughs, dinner after 40 years

The Hoop-Dee-Doo Musical Revue will mark its 40th anniversary this week after more than 37,000 dinner-show performances at Pioneer Hall, tucked away in Disney's Fort Wilderness campground.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Is it time to cash out of stocks?

  • Yes
  • Maybe - need to understand market dynamics better
  • No

See Results

Ballot Box
Subscribe