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Miami-Dade County........................................................................... 10
Monroe County ................................................................................... 11
Higher Education Institutions............................................................ 12
Major Features of the South Florida Region ..................................... 13
Transportation Facilities of Regional Significance............................ 14
SWOT ANALYSIS – STRENGTHS, WEAKNESSES,
OPPORTUNITIES, AND THREATS ..................................................... 15
STRATEGIC DIRECTION...................................................................... 16
VISION STATEMENT............................................................................ 19
IMPLEMENTATION ACTION PLAN.................................................. 19
CEDS STRATEGY COMMITTEE AND WORK GROUPS................... 19
ECONOMIC RESILIENCE..................................................................... 25
Climate Change / Sea Level Rise and Natural Disasters................. 27
Central & Southern Florida Project.................................................... 29
Water & Wastewater Infrastructure................................................... 31
POPULATION TRENDS........................................................................ 31
Continued Growth.............................................................................. 31
Age & Diversity .................................................................................. 33
EDUCATION.......................................................................................... 34
Educational Attainment ..................................................................... 34
K-12 Enrollment & Diversity.............................................................. 35
K-12 Public School Funding............................................................... 37
PK-12 Educational Quality................................................................. 37
Access to Broadband Internet............................................................ 44
Postsecondary & Higher Education .................................................. 44
Higher Education................................................................................ 45
Higher Education Funding ................................................................ 46
ALICE Index............................................................................................ 47
ALICE Households with Children and Poverty Levels................... 47
Family Structure, Poverty, & the Economic Mobility of Families... 48
Impact of Fatherless Families............................................................. 48
Equity: Building Pathways to Economic Opportunity & Success....... 50
Development & Density......................................................................... 52
Energy...................................................................................................... 53
Environment ........................................................................................... 53
Parks .................................................................................................... 53
Florida’s Coral Reef ............................................................................ 54
Housing ................................................................................................... 57
Homelessness.......................................................................................... 60
Transportation ........................................................................................ 61
Florida’s Strategic Intermodal System .............................................. 61
Mobility ............................................................................................... 62
Regional Transit.................................................................................. 64
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Small Businesses – The Heart of Florida’s Economy............................ 65
Innovation ............................................................................................ 65
Regional Industry Clusters & Location Quotients ............................... 69
South Florida Industry Clusters......................................................... 70
Agriculture, Forestry, Fishing, Hunting............................................ 73
Commercial Fisheries – The Florida Keys......................................... 74
Recreational Fishing............................................................................ 74
Aviation, Aerospace, & Defense ........................................................ 75
Banking & Financial Services ............................................................. 78
The Blue Economy .............................................................................. 80
Creative Media, Design, & the Arts................................................... 81
Global Logistics ................................................................................... 84
Life Sciences & Healthcare ................................................................. 86
Hospitality & Tourism........................................................................ 89
Manufacturing ..................................................................................... 91
Marine Industries................................................................................ 91
Ports & Airports Infrastructure.......................................................... 92
Opportunity Zones ................................................................................. 94
Target Clusters ........................................................................................ 96
Evaluation Framework........................................................................... 98
COMMUNITY PARTICIPATION & ACKNOWLEDGEMENTS........ 99
FUNDING RESOURCES...................................................................... 107
APPENDIX............................................................................................ 111
END NOTES.......................................................................................... 125
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CHAIR’S LETTER
Dear Regional Stakeholders,
Welcome to 2022-2027 Comprehensive Economic Development Strategy Report for South Florida (The “CEDS”). The
South Florida CEDS is prepared every 5 years, with yearly updates, through leadership of the South Florida Regional
Planning Council (SFRPC) and with direction and input from the CEDS Strategy Committee and SFRPC Board for
submittal to the U.S. Department of Commerce’s Economic Development Administration.
The CEDS highlights key economic challenges and opportunities facing Miami-Dade, Broward, and Monroe counties and
its population of 4.7 million residents. The CEDS also contains an articulation of the key issues and strategic direction the
region’s leaders should pursue to advance economic development, equitable access to opportunity, and prosperity in
South Florida in the future.
The work put forth by Executive Director Isabel Cosio Carballo and SFRPC staff was truly amazing. The CEDS update process began more than a
year and a half ago. We began with the development of the CEDS Strategy Committee and four subject area Workgroups. A SWOT (Strength,
Weaknesses, Opportunities, Threats) Analysis was undertaken by the CEDS Committee and followed up with their preparation of four Priority Goals
with many subgoals under each priority, Evaluation Framework, Key Projects, etc. This alone took many meetings.
I have served as an elected official since the late 1980’s and have participated as a member of many high-level Blue-Ribbon Committees and
Commissions. I have never served on a Committee with a membership of such high quality. The CEDS Committee Membership includes multiple
University and College Presidents, top CEOs / Business Leaders, the Presidents, CEOs, and Directors of the region’s Economic Development
Organizations and County Economic Development Offices, Job/Workforce Training Organizations, the top Leadership of Water Management &
Regional Transit Agencies, Elected and Appointed Government leaders, etc. The CEDS Committee met both in person and electronically with more
than 15 meetings. I would like to extend my personal thanks to these Leaders, who all have great demands on their time, for giving so much of their
time and expertise to the CEDS Committee.
There is a tremendous amount of data included in the CEDS. There will be some deviations in the data. Because some of the data used herein covers
the Metropolitan Statistical Area consisting of Miami-Dade, Broward, and Palm Beach counties, the three largest population counties in Florida, some
of the numbers used in this report will include Palm Beach County (of the Treasure Coast Regional Planning Council region), while some will not.
Additionally, some of the data will be from 2022, while the most recent reports on some of the data may be from 2021 or even earlier based on best
available data. We have tried to show when and where each data point came from, but in some cases there will not be exact matches.
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This CEDS addresses myriad complex issues. One of the biggest problems in the SFRPC jurisdictional area is the lack of sufficient Affordable Housing.
The CEDS explains why this is and offers proposals to deal with this. We talk about the need for Transit-Oriented Development (TOD) and other
Transit needs. We discuss our current jobs strengths and weaknesses, and how to improve job opportunities through improved K-12 educational
achievement and training. We discuss Education and Quality of Life issues. We discuss the region’s infrastructure, environment, and the