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FLORIDA'S ECONOMIC FUTURE, BY RODNEY BARRETO

https://florida-invest.com/en/actualite-immobilier-usa/futur-economique-floride-rodney-barreto/

Rodney Barreto, President and CEO of The Barreto Group, Inc., is a member of the Florida Council of 100, unveiled the ongoing areas of work between Council members and the State of Florida.

The Florida Council of 100 is a private, nonprofit organization, which exists to promote Florida's economic growth and improve the economic well-being and quality of life of its citizens. Representing more than 100 companies and more than half a million employees, Council members have demonstrated their involvement in many public policy issues.

The Council works closely with the Governor and state agencies, the Legislative Assembly, the judiciary, federal leaders and officials, and other private organizations to bring about positive change. They inform state leaders and decision makers on key topics relevant to Florida today and make recommendations to improve state policies and programs.

High-level leaders throughout the state assist the Council as active members.

Statement from Rodney Barreto:

“We may be located in the southernmost corner of the state, but there's no question that South Florida is at the center of the action that drives Florida's economy. However, we cannot rely mainly on population growth and tourism.

Together, Miami-Dade, Broward and Palm Beach counties are home to three in ten Floridians. Our population has jumped 10% over the past decade , but we've managed to create so many jobs that the region's unemployment rate is half or even better than when the recession ended.

However, tourism and population growth, which drive an important part of the local economy, depend in particular on a good economy and the seasons. Florida must expand its economic base once and for all.

The Florida Council of 100 has released Project Sunrise , a detailed economic analysis that shows where we are but, more importantly, presents a series of recommendations for how we can take the state to the next level. The report focuses on strategies designed to make Florida a national and global leader as a place where talent thrives best.

South Florida has a solid foundation to build on. WalletHub just named Miami the third-best big city in America to start a business , and said it has the highest number of start-ups per 100,000 people .

But the key will be to go towards a stronger development of the “exchangeable” sectors, that is to say the companies which sell goods or services which can easily be sent everywhere. This is especially important for a region that serves as the gateway to North America.

Other recommendations are:

Leverage the high concentration of leading hospitals, pharmaceutical companies, research centers and universities in the region to further develop research, development and innovation.
Stimulate export and financing activity to take advantage of South Florida's place among the most connected regions in the flow of international residents.
Florida is a world economic leader. But to stay that way, we will need to diversify our economy and train workers with the skills needed for future jobs. The Council of 100's Project Sunrise provides real work to lead the way to help the region secure a strong and vibrant economic future. »

Sources : Miami Herald, Florida can lay the foundation on which to build a prosperous economic future | Opinion