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The Economic Development
Division is available to provide assistance to new and existing
businesses. The Division caters to the booming
tourism
and entertainment
industries, specializing in business retention and expansion,
urban development and revitalization. Services include general
relocation assistance, market research and demographics.
Relocating and expanding businesses
may be eligible for different types of INCENTIVES:
The Miami Beach
Enterprise Zone covers areas of the South Beach and
North Beach commercial districts, including South Pointe, Washington
Avenue, Ocean Drive, Collins Avenue, and 71st Street. The incentives
offered to businesses expanding in or relocating to an Enterprise
Zone include Property Tax Credits, tax credits on wages paid
to Enterprise Zone residents, and Sales Tax Refunds.
Welfare-To-Work incentives are also available from
the WAGES Coalition, and Enterprise Zone businesses may be eligible
for Federal Workforce Training
benefits.
In addition to the
Enterprise Zone, improvements to historic properties may qualify
for the Miami-Dade County Historic
Preservation incentive, which provides a 10-year
abatement of property taxes on the improvements. Historic renovations
should also explore the Federal Historic
Preservation Tax Incentives offered by the National
Park Service.
The
Façade Renovation Grant program provides matching
grants to qualifying businesses for the rehabilitation of storefronts
and the correction of interior code violations.
Brownfield incentives are available for eligible
sites.
For
Corporate Relocations, the City provides relocation assistance,
site tours, and works closely with the Beacon Council and Enterprise
Florida to access the State of Florida’s
Qualified Target Industry Tax Refund Program and Miami-Dade
County’s Targeted Jobs Incentive Fund.
The City also offers
incentive and assistance programs for
affordable housing and for film and print production.
The Economic Development Division is also available to facilitate
assistance from the U.S. Small Business
Administration as well as counseling, training and
referral assistance from Florida Atlantic University’s
Small Business Development Center.
Before Entering Into a Commercial
Lease and/or Contract to Purchase:
Zoning Compliance
Make sure that the
type of business you propose is permissible in the location
you have chosen. The Planning Department can provide you with
information about which uses are permitted in the different
zoning classifications throughout the City. For more information,
call the Planning Department at 305-673-7550.
Concurrency Compliance
Check to determine
if your proposed project will increase the site demand on roads,
water, drainage, sewer, parks and other City services and facilities.
New development and redevelopment projects and changes of use
may result in the assessment of a concurrency mitigation fee.
For more information, call the Transportation and Concurrency
Management Division at 305-673-7514.
QUICK FACTS:
- Population: 87,933
- Number of Hotels: 187
- Number of Hotel Rooms: 20,300
- Average Daily Temperature: 82.6
degrees in July, 67.2 degrees in January
- Average Annual Rainfall: 55.92
inches
- Average Annual Snowfall:
ZERO
- Elevation: 10 feet above Sea
Level
- Local Personal Income Tax:
ZERO
- State Personal Income Tax:
ZERO
- State Corporate Income Tax:
5.5%
- Sales Tax: State of Florida-6.0%,
Miami-Dade County-1.0%
Miami Beach has the
26th highest population density in the United States, and the
2nd highest housing density, following New York City. The population
rank increases to 3rd or 4th during the winter, when the majority
of vacant second and third homes and/or condos are occupied.
According to sales
reported to the Florida Department of Revenue, Miami Beach had
the highest spending density in the State in 2001: An amazing
$315 Million per square mile in consumer spending.
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