Why Infrastructure Matters to the Economy in South Miami-Dade

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Discussing matters such as infrastructure and the economy can be confusing to the average consumer, but it’s important that you understand the link between the two. Here’s what you need to know about the impacts of infrastructure on the economy in South Miami-Dade and why you should care.

How Does Infrastructure Affect the Economy in South Miami-Dade?

Infrastructure is, essentially, the backbone of society. Infrastructure is the fundamental facilities and systems that support sustainable functionality of businesses, households, and more. Roads, water supply, telecommunication, electrical grids, and more are part of infrastructure.

Investing in infrastructure is crucial for society to not only survive, but thrive and even flourish. This investment is just as important for the economy in South Miami-Dade, stimulating the economy and, more or less, paying for itself.

Stimulation of the economy is equally as crucial, prompting necessary production and allocation of both goods and services to the population of South Miami-Dade, creating fulfilled needs and lives in general.

What Does This Mean for You?

Why should infrastructure matter to you? A solid infrastructure in conjunction with a booming economy is necessary for a safe, functional society, opening up resources, sustainable living, and so much more for everyone.

Getting involved in your local infrastructure, be it investing or volunteering, makes your community even better. Who doesn’t want that? But, how can the average consumer get involved? It’s as simple as being active and involved in your community.

Infrastructure efforts are not in vain. With such rapid changes in our society, economy, and cities, opportunities for infrastructure improvements and developments are growing just as rapidly, offering a chance for safer roads, cleaner water and energy, improved telecommunication, and more.

Whether it’s that annoying pothole in the road or clean energy, involvement and investment in infrastructure matters now more than ever.

Looking for Further Information? Call the EDC of South Miami-Dade!

The Economic Development Council of South Miami-Dade is committed to not only improving quality of life, but advancing it as well. This means advocating for mandatory infrastructure improvements for a thriving economy. If you have any questions or you wish to get involved, contact us at 305-378-9470.

Four Clever Ways to Fund Your Startup in Miami-Dade

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Living, working, playing… Your startup is the pathway to it all! What are some clever ways to fund your startup in Miami-Dade, and how can you receive help during this time? Here are four of the top tips!

1. Crowdfunding for the Win to Fund Your Startup in Miami-Dade

Crowdfunding has become a popular – and successful – way to acquire investments for your startup. With the right pitch and the skills to win potential investors over, give crowdfunding a try to get that startup up and running!

Options for business purposes include both debt and equity crowdfunding. Debt crowdfunding allows for your contributors to be paid back in monthly installments, whereas equity crowdfunding gives them a share of your company.

2. Don’t Be Afraid to Ask for Help

Those closest to you will understand and recognize your passion for your startup. While it’s not always the smartest idea to do business with friends and family, it’s not always a bad idea, either. Chances are, they’d donate to you anyway, so don’t be afraid to ask family and friends for help when funding your startup!

3. Strap on Those Boots

Bootstrapping is a tried-and-true method used for centuries, and there’s no reason why it can’t work in the modern world. So many businesses that are now household names used to be unheard of with a barely there budget and hardly any contributors.

Bootstrapping starts with a tight budget and grows gradually, or rapidly if you’re lucky, as you bring in cash flow. A major benefit of this method is that it allows you to own your business completely.

4. Look for Grant Opportunities

Grants can be very daunting and take time, but the opportunity for free money to start your business shouldn’t be skipped. Federal small business grants require an application and can take a long time to get approved but are well worth it.

If that’s not for you, consider local grants available via nearby entities that offer grants or hold contests for funding.

Seeking to Fund Your Startup in Miami-Dade? Call the EDC of South Miami-Dade!

The Economic Development Council of South Miami-Dade is committed to helping our community thrive, and that includes small businesses. Contact us at 305-378-9470 for resources and more!

Top Reasons Economic Development in South Miami-Dade Is Essential

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Helping to enrich communities in both quality and quantity of work, life, and play, development is important to any economy. Helping South Miami-Dade prosper, our economic development council is dedicated to growth for Floridians. Here’s why economic development in South Miami-Dade is essential.

It Helps Prevent Economic Downturns

Recessions affect us all, but communities that have prioritized economic development are more resilient and fare better in the long run. By attracting more recession-proof businesses and being proactive in other ways beforehand, economic development councils help ensure citizens in their communities suffer as little as possible from a downturn.

Sustainable Businesses Are Not Only Retained but Have the Opportunity to Grow and Create More Jobs

Business retention and expansion (BRE) is an integral part of economic development, as companies have the ability to help communities grow when they succeed. Businesses that flourish and create new jobs attract more people to the area and thus create more opportunity for all other aspects of economic growth.

The Community Is Improved Through Tax Revenue

Taxes, though Florida is a very pro-business state when it comes to corporate taxes, help to fund projects that improve the quality of life for those who live, work, play, and even visit the area. The creation and maintenance of parks, schools, libraries, roads, and more make communities more attractive for living. Local governments depend on tax revenue to provide essential services within their community / communities that make working, living, and / or playing there enjoyable.

There Is an Opportunity for Greater Diversity

Diversity in the economy not only allows for growth and innovation, but it also helps protect against an economic downturn by increasing the number of work industries. If one specific industry is hit hard, there is still room for growth in other sectors.

Economic Development Council of South Miami-Dade Is Committed to Growth of Our Area Through Connection, Information, and Opportunities

Want to learn more about how we help create more jobs and wealth to improve quality of life? Connect with us today for more information on opportunities! Contact us today at 305-378-9470 or email info@edcsouthmiamidade.com now!

Seeking Local Business Funding in South Miami-Dade? Check Out These Resources!

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If you’re considering starting a business, then you understand how stressful it can be. There are many things to consider, and one of the biggest is funding. Knowing where to find local business funding in South Miami-Dade is helpful, so here are some resources for you to pursue your dream of being your own boss.

Miami-Dade County Resources:

Resources for Women Entrepreneurs:

Resources for Minority Entrepreneurs:

Additional Resources:

Contact the Economic Development Council of South Miami-Dade for More Information on Local Business Funding!

We’d welcome the opportunity to share more information about local business funding in South Miami-Dade. Contact us at 305-378-9470 if you have questions or would like additional resources!