The Town’s economic development goal is to reinforce, strengthen
and promote the livability and sustainability of our neighborhoods
and commercial and industrial areas in the face of the current
economic climate and changing needs of the population.
Occupying a land area of approximately 6.5 square miles and
conveniently located just 10 miles from Miami International
Airport, also bordered by Opa-Locka Airport, and several major
interstates, the Town is home to approximately 30,000 residents
and over 1,400 businesses.
Town’s current and long range planning efforts have shifted from
a primarily growth management role to a larger focus on economic
development and redevelopment. This trend is anticipated to
continue over the next ten years.
While the economy in South Florida continues to struggle under
the effects of the global economic recession, the Town’s per capita
income has remained strong and is significantly higher than the
Miami-Dade Metropolitan Statistical Area (“Miami-Dade MSA”)
and the State of Florida (the “State”). The U.S. Census Bureau,
American Community Survey data indicated that the Town’s per capita income for 2010 was $29,039, while Miami-
Dade MSA and the State per capita personal income were $23,750 and $27,151, respectively. The Town has also
benefitted from a relatively low unemployment rate. In 2010, the Town’s unemployment rate was 7%, which was
significantly lower than the County’s unemployment rate of 13.1% for the same period.
In an effort to assist and promote the continued viability and
occupancy of the Town’s commercial and industrial areas, the
Town’s Economic Development staff coordinates regularly
with local realtors, business owners, developers and property
owners to assist in the streamlining of regulatory processes to
remove barriers or impediments. These types of activities are
essential to encourage and assist new business owners and
prospective developers to choose Miami Lakes as their home.
Economic Development
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