Agenda - Agenda Archives Commission Committee Referral Tracking Listing of upcoming meetings Capital ImprovementOversight Committee
ECONOMIC DEVELOPMENT DEPARTMENTWe are dedicated to enhancing the City’s economy and business environment by attracting business and investment to the community, balancing private sector needs with neighborhood quality of life issues, maximizing the efficient use of City properties, implementing the objectives of the Redevelopment Plan, and pursuing the City’s state and federal legislative objectives.
Economic Development Overview
Shopping in Miami Beach
Economic Development Division
The primary functions of the Economic Development Division are business assistance, attracting and supporting private capital investment, market research, and legislative affairs. The Division works with businesses and organizations in order to enhance the City’s business environment and to promote the overall image of the City’s commercial districts; identifies and implements strategies and programs to expand, develop, recruit and retain businesses; conducts research in order to provide as much economic information as possible to existing and potential investors; applies private sector standards for responsiveness and customer satisfaction in order to encourage investment; works with the State and Federal governments to further the City’s interests; and balances private sector needs with neighborhood quality of life issues.
The Miami Beach Redevelopment Agency (RDA) was created in 1973 under the authority of Florida’s Community Redevelopment Act of 1969, which sought to encourage economic development in blighted areas. The Community Redevelopment Act of 1969 allows for the designation of special districts known as Community Revitalization Areas (CRAs) and confers upon the CRA’s governing board special regulatory abilities. These abilities include issuing revenue bonds, utilizing tax increment financing (TIF), and exercising limited powers of eminent domain within the geographic boundaries of the CRA.
The Asset Management Division oversees City facilities and beachfront concessions.