If you haven’t already read part one of this two-part guide on the economic development of Homestead, Florida, check it out here!
The Importance of Small Businesses in Homestead
Small businesses are a major contributor to the economy of Homestead and the surrounding area. Small businesses provide jobs and other essential services to the community, and they help to create an overall sense of economic stability. According to the US Small Business Administration, small businesses are responsible for creating two out of every three jobs in the city, and they account for more than 60% of all new hires in the past three years. Economic development in Homestead, Florida has a long history of supporting small businesses.
The Florida Small Business Development Center provides resources, such as loan and leasing programs, to businesses seeking to start or expand in areas like Homestead. The office also offers free business counseling and workshops to help local business owners put their ideas into action.
The Homestead Business Community
The Homestead business community is made up of a diverse range of companies, from small independent businesses to large corporate operations. Major employers in the city include Florida Power and Light, Homestead Hospital, Wal-Mart, and Home Depot. The city is also home to a plethora of successful small business owners, ranging from small independent businesses to larger corporations.
The Future of Homestead’s Economy
The economic outlook in Homestead, Florida is bright. The city’s geographic location, near the Everglades and the Florida keys, has made it a popular destination for eco-tourism and retirees, which has led to significant economic growth in recent years.
Additionally, the city is actively encouraging economic development with a number of strategic initiatives designed to attract new businesses and create jobs. These include tax incentives, small business development initiatives, and investments in infrastructure. With these efforts, the city of Homestead looks to continue its economic growth into the future.
Homestead, Florida is an up-and-coming city with a rich history of economic development. The city’s location, near Miami and the Florida Keys, has made it a popular destination for tourists and retirees, driving significant growth in its tourism and real estate industries. Moreover, the city has also attracted a number of new businesses and industries, from large corporate operations to small independent businesses. The city of Homestead is actively encouraging economic development through a number of initiatives, and the future looks bright for the city’s economy.
Want to Learn More About Economic Development of Homestead, Florida?
Contact the Economic Development Council of South Miami-Dade today to learn more about business incentives, economic planning, why you should live and work in Homestead, and why it’s a great place to visit!