What Does an Economic Development Administration Near Cutler Bay Do?

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The goal of the Economic Development Council is to make life better for the residents of South Miami-Dade where beautiful Cutler Bay is located. A top priority for the administration is to expand businesses and create jobs through the support of projects that are sustainable and resilient. Read on to see more about how an economic development administration near Cutler Bay fosters economic development through improvements to infrastructure, education, and the workforce. 

Here’s How Our Economic Development Council Began

After Hurricane Andrew struck Florida in 1992, the damage was the worst a hurricane had ever caused up to that point. In order to ensure that this region recovered from the devastation, the Economic Development Council of South Miami-Dade was created. The goal is to support and grow our municipalities, our agriculture industry, our tourism industry, as well as to support the residents and businesses here.

The Economic Development Council of South Miami-Dade is funded through support of local businesses.  Working as one collective voice, the council works to improve the community through projects that are sustainable and resilient. The council works to create a strong and skilled workforce, ensuring that South Miami-Dade including Cutler Bay is a place people want to live, work, and play for years to come.

Our Economic Development Administration Near Cutler Bay Helps Support the Following Industries

  • Aviation: The area is host to one of the world’s busiest airports.
  • Construction: The limestone industry here alone supports millions in revenue and over 14,000 jobs.
  • Hospitality and Tourism: The area stretching from Miami to the Keys is a top tourist destination.
  • Life Sciences and Healthcare: Healthcare is a leading employment industry.
  • Manufacturing: This job industry has been steadily growing for over 60 years in our area.
  • Retail: People from around the world come here to shop.
  • Technology: This is a a rapidly growing industry, as tech startups continually incorporate in South Miami-Dade.
  • Trade and Logistics: Our two local trade ports make this location ideal.

Our mission is to ensure the residents of this area have the best work-life balance to create a thriving community. Contact us today to learn more about how we’re ensuring South Miami-Dade is a great place to live, work, and play!

 

How to Find Local Business Funding in Cutler Bay / Miami

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The saying, “You have to spend money to make money,” is oftentimes true, especially when starting or running a business. The question is, how do you find local business funding in Cutler Bay / Miami? Here’s how you can find funding and make your financial choices carefully!

  • Consider the Amount of Funding You Need

Before you can find the financial solution that suits your business’ needs and goals, you need to know how much funding you’re going to need. Take the time to calculate an approximate of your business expenses. This can include rent, product manufacturing, and more.

  • Look for Investors

Investors are a popular way to receive funding. Investors, well, invest in your company. In turn, they’re offered either an active role in your company or ownership share. Contrastly, you can be your very own investor in a way by self-funding.

Self-funding often involves tapping into your 401k or savings accounts, or turning to friends and family for help by leveraging personal finances. However, you take on all of the risk.

  • Opt for a Small Business Loan

If your goal is to stay in complete control of your business yet still receive financial aid, a small business loan might be right for you. Banks and credit unions offer these small business loans, so make sure to look around and find the best terms for your loan.

Additionally, prepare materials like financial projections, an expense sheet, and a business plan for the next five years. This increases your chances of securing a loan.

  • Use Crowdfunding

Crowdfunding is similar to investors in that you receive funds from multiple people. However, with crowdfunding they don’t receive ownership nor expect financial return. Instead, they receive a gift or incentive from your business, such as the products or services you intend to sell.

For More Help on How to Find Local Business Funding in Cutler Bay / Miami, Let the EDC Help!

It’s not easy to find local business funding in Cutler Bay / Miami, but The Economic Development Council of South Miami-Dade can help! Contact us today to learn more about resources to help your small business flourish!

Is Cutler Bay a Safe Place to Live?

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There are many aspects of a community to consider before making it your home. Location, employment, housing, and education are all important. Many feel the safety of a town takes precedence over all else. With Cutler Bay being the newest municipality in South Miami-Dade, there is definite growth in the number of residents and businesses. These increases may lead a potential new resident to wonder, “Is Culter Bay a safe place to live?” 

Let’s Look at Some Important Stats for Cutler Bay

Typically the higher the population the higher the crime rate. Before we answer, “Is Cutler Bay a safe place to live,” let’s take a look at some stats. 

The population of Cutler Bay is 45,000 with approximately 14,000 housing units. There are 2,430 registered businesses and a labor force of 21,394 people. In 2021, Cutler Bay was considered the 7th fastest growing community in South Miami-Dade. It is a largely residential area with eight public schools and one charter school. Looks great on paper, but what about crime? 

Crime Stats for Cutler Bay – Is Cutler Bay a Safe Place to Live? 

In general, it’s considered incredibly safe. Given the number of residents in Cutler Bay, the average crime stats are low. 

A report issued by the police department in February 2022, reports 0 homicides for both 2021 and 2022, while the highest number of crimes (although still very low) for those years involve offenses like grand larceny (14 in 2022, YTD) and burglary (8 in 2022, YTD). 

Cutler Bay law enforcement contracts with Miami-Dade Police Department, and clearly this collaboration works. There have been decreases in every type of crime throughout the community.

The Neighborhood Resource Unit

Cutler Bay has put into place the Neighborhood Resource Unit (NRU), which goes beyond regular policing efforts. The purpose of the NRU is to address issues pertaining to the quality of life of residents, community concerns, school safety, as well as home and business security.

The members of the NRU strive daily to be proactive in their efforts to keep the citizens and businesses of Cutler Bay safe and secure. They welcome input from everyone who lives or is hoping to live in the community.

Contact the South Miami-Dade Economic Development Council for Answers to Questions Such as, “Is Cutler Bay a Safe Place to Live?”

The safety of the Cutler Bay community is paramount to EDC of South Miami-Dade, and we work with law enforcement,  to ensure the safety of its residents. Please contact us today to learn more about our efforts at protecting Cutler Bay from crime.

Work in Cutler Bay, Miami: What Are the Top Job Industries?

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If you live in or are planning to live in Cutler Bay, a simple 40-minute commute to Miami, you may want to know which industries are most prominent in the area. There are great industries to you can choose from if you want to put down roots in the South Miami-Dade area and work in Cutler Bay, Miami! Read on to learn about jobs in Cutler Bay if you don’t want the commute to the big city. But, one of the great things about living here is that there are so many career opportunities awaiting you with just a short drive north.

Sales Work in Cutler Bay, Miami

About 17% of people work in sales in the Miami area. Some of these jobs are within retail environments, while others are business to business or other types. 

Office Administration

About 13% of people in the Cutler Bay area work in office administration roles. People in these roles make sure that offices run smoothly. 

Executive Managers

About 11% of jobs in Cutler Bay are executive manager and administrator jobs. Those who have these roles manage and assist people at higher corporate levels. 

Healthcare Work in Cutler Bay, Miami

Healthcare jobs from medical assistants to surgeons make up about 7% of the jobs in Cutler Bay, and a larger portion of jobs in Miami. Careers in this industry are expected to increase by about 15% in the next 10 years in nearby Miami as well. 

Hospitality and Food Services

About 7% of the jobs in Cutler Bay are food service and accommodation jobs. Plus, nearby Miami has seemingly limitless potential in these industries. Hospitality work includes positions in hotels, theme parks, cruise lines, and other places that welcome guests for travel and recreation. Food service includes restaurants, catering companies, bakeries, coffee shops, and any other types of businesses involved in food from cleaning fresh produce to be prepared by a chef to tending bar.

Business and Financial Operations

About 6% of people in the Cutler Bay area work in business or financial operations. This industry includes any jobs such as research analysts, marketing specialists, accountants, and banking managers.

There Are Many Great Opportunities to Work in Cutler Bay, Miami, and You Can Always Create Your Own!

If you want to live and work in Cutler Bay, Miami but don’t see a great opportunity, don’t worry! Another option is to start your own business. There are many great resources available to you to help you do so, and the Economic Development Council of South Miami-Dade can help! Contact us today for more information.

5 Best Places to Live in South Miami-Dade

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Are you interested in living in South Miami-Dade with its thriving neighborhoods and communities, but you’re not quite sure which place is right for you? Here are the top five places to live in South Miami-Dade!

Cutler Bay

One of the county’s newest municipalities, Cutler Bay has been growing at a rapid rate due to its active population and business-minded community, offering various residential neighborhoods to suit anyone’s needs.

Cutler Bay is set apart from the rest because of its Youth Council Committee, a student committee working with the city council in order to give the youth of today a voice.

Florida City

The southernmost municipality, Florida City is a gateway to the Florida Keys and Everglades.

Florida City holds benefits such as family-friendly Miami suburbs and agricultural land combined with hotels and restaurants for the tourist in you. Home to the Miami-Dade College’s Homestead Campus, Florida City is suitable for all ages seeking to live, work, or play.

Homestead

Small-town charm meets big city dreams in Homestead, welcoming both business and family types. One of Miami-Dade’s oldest cities, Homestead has had time to blossom into what it is today, rich in history while offering convenient modernity.

If that’s not enough to entice you, check out the Cybrarium, a futuristic library that contains books, video games, workshops, virtual reality, and more!

Palmetto Bay

Palmetto Bay has created the perfect environment for families to flourish with its ample school services, beautiful neighborhoods, parks, and more! From recreational amenities to outperforming schools, Palmetto Bay is the place to be for starting and raising a family.

Pinecrest

One of the most beautiful residential areas in South Florida, Pinecrest is an upscale haven that has grown around Pinecrest Gardens, a wildlife attraction transformed into a community park. With some of the highest rated public schools, Pinecrest is another excellent choice for the family type!

Whether You Want to Work, Play or Live in South Miami-Dade, We’re Here for You!

The Economic Development Council of South Miami-Dade is ready to help every step of the way, whether you wish to play, work, or live in South Miami-Dade. For further information, contact us at 305-378-9470.