Miami-Dade County Mayor Daniella Levine Cava on Thursday announced the launch of RENEW305, am economic development plan intended to spark business and job growth across the county.
Levine Cava was joined by a coalition of business and economic development officials, including Cyxtera CEO Manny Medina, SoftBank Group COO Marcelo Claure, GEN Accelerate Executive Director Susan Amat and Miami-Dade Beacon Council CEO Michael Finney.
The RENEW305 initiative aims to position the county for its post-pandemic future by attracting new businesses; scaling existing businesses; boosting venture capital investment in local startups; and expanding workforce training opportunities for locals to ensure they can qualify for jobs in fast-growing sectors such as technology, aviation, and trade and logistics.
The economic development plan will also focus on reviving Miami-Dade’s tourism and hospitality industries, which have struggled in the wake of Covid-19 pandemic.
“We know the tourism and recreation industries are bedrocks of our economy and we need to make sure we can restore them safely,” Levine Cava said.
Levina Cava said the county received more than $1.5 million from CareerSource South Florida to reskill county residents for employment in high-demand sectors.
To bring in more businesses, Levine Cava says she’s turning to the experts themselves: entrepreneurs.
Members of the county’s new CEO Ambassador program are tasked with reaching out to their counterparts in other markets, with the goal of encouraging them to move investments and businesses to the Miami area. The program’s network is staffed by a coalition of local leaders, including Medina, Claure, Related Group CEO Jorge Pérez, Bilzin Sumberg Managing Partner Al Dotson Jr., and entrepreneur and former Miami Beach Mayor Philip Levine.
Claure said Covid-19 has accelerated the future of work by showing that employment doesn’t have to be tied to geography in a virtual world.
“People are now choosing where they want to live, versus where they have to live,” he said. “That’s a golden opportunity for Miami.”
SoftBank has already made big commitments in the region. Last month, the company funded two Miami-Dade County businesses as part of its $100 million SoftBank Miami Initiative, a move to grow existing tech businesses and recruit more to the area. Claure said the program has received applications from 500 local ventures.
The company is also backing a new effort to train at least 10,000 people for data science careers over the next three years.