22 Jul You should determine the priorities for correction in your community based on your SWOT. ??Then, you should look for locations that once had comparable problems but ?were able to

PADM 530

Annotated Bibliography Assignment Instructions

Overview

You will be expected to submit an Annotated Bibliography. The goal of this assignment is for you to analyze economic development initiatives and policy proposals, and in doing so evaluate the contexts and variables of economic development and community initiatives. These sources must provide the academic and research support for the Economic Development Analysis and Proposal.

Instructions

Sources can include the various scholarly and professional journal articles and other resources that have been assigned as part of the weekly readings throughout the course.

The bibliography will require that you find and annotate sources that reflect best practices which have proven to work in other comparable jurisdictions. You are encouraged to explore the internet for information. Also, publications provided by relevant professional organizations. Additional resources can be found through Liberty University Online’s Research Portal.

· Length of assignment: 25 citation minimum

· Format of assignment: APA

· Acceptable sources (e.g. scholarly articles published within the last five years)

Note: Your assignment will be checked for originality via the Turnitin plagiarism tool.

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SWOT ANALYSIS

Strengths

Miami Dade County has a number of economic advantages. The existence of a well-developed tourism sector provides several chances for investors and entrepreneurs, such as hotels where tourist hub regions may be established. One of the region's key advantages is the abundance of recreational sites, which draw a large number of people to metropolitan regions. With no income tax on enterprises, it is simpler for entrepreneurs to start a company in the county with more than 100 consulates, trade offices, and binational chambers of commerce, Miami's international business community and professional services corps, as well as the city's highly rated port and airport, it is simple to do business overseas. Miami has acquired its image as a gateway to the globe because of its world-renowned port and airport. Most of the world's international trade and commerce takes place in major cities in Central and South America, as well as the Caribbean. With a workforce that is multilingual and multicultural, Miami has a lot to offer firms looking to expand internationally (Keenan et al, 2018).

Weaknesses

Climate change might result in an extra 3.8 fatalities per 100,000 Floridians per year, or around 1,000 deaths per year, by 2035 in a scenario with moderate emissions. For the greatest effects of climate change, Raimi said, national and perhaps international legislation would be needed. Florida has made significant progress under Gov. Ron DeSantis (R) in preparing the state for changing circumstances, he said. Additionally, racial inequality has become a major issue in Miami Dade. Concerns about racial inequities in the criminal justice system are not limited to Miami-Dade County alone. The disparity in imprisonment rates across races and ethnicities in the United States has expanded considerably over the last several decades as a consequence of "tough on crime" policies including three strikes, mandatory minimum sentences, and aggressive police, as well as stringent drug enforcement. Because of these punitive regulations, the imprisonment rate for black men is roughly six times higher than for white men, and the imprisonment rate for black women is about two times higher than for white women.

Opportunities

Professional businesses and commercial enterprises might be established in Miami because of the city's professional knowledge center. Miami-Dade is home to more than 100 foreign diplomatic missions, international trade offices and bi-national chambers of commerce, one of the major platforms for global business in the US, which promote and ease the flow of commerce and investment throughout the globe. Multinational corporations and government agencies in the area work together to facilitate commodities and people's travel among Miami and their home countries. Lawyers, accountants, and bankers in Miami and across the globe benefit from the cities internationally qualified professional services industry, which includes those from Miami and throughout the world (Wilke et al, 2021).

Opportunities to generate cash for Miami-Dade County exist in a variety of ways. Cruise industry potential are one of several possibilities for expanding tourism in a way that complements the beach sector. A third option is a reintegration program that aims to include all parties, including the government and the corporate sector, in creating revenue for the county. Increasing the general public's grasp of economic concerns will aid their decision-making on the most feasible economic development initiatives.

As a result, the area is more likely to grow in the future because of the emergence of many company and job prospects. There are no state or local personal income taxes, a low corporate income tax, a good regulatory environment and a broad talent base in the Miami MSA, the nation's fourth fastest-growing big metropolis, according to WalletHub. Official economic development agency for Miami-Dade County, the Beacon Council works closely with businesses considering Miami for a new location or expansion.

Threats

Miami Dade County's economic future is threatened by a number of reasons. Having a large amount of debt means that a large portion of one's income must go into paying off one's obligations. In addition, trade disputes between commercial and public sector groups pose a hazard. The third concern is the use of economic propaganda by certain politicians, which results in the government rejecting helpful enterprises (Moise, 2020).

References

Keenan, J. M., Hill, T., & Gumber, A. (2018). Climate gentrification: from theory to empiricism in Miami-Dade County, Florida. Environmental Research Letters, 13(5), 054001.

Moise, I. K. (2020). Peer Reviewed: Variation in Risk of COVID-19 Infection and Predictors of Social Determinants of Health in Miami–Dade County, Florida. Preventing chronic disease, 17.

Wilke, A. B., Vasquez, C., Cardenas, G., Carvajal, A., Medina, J., Petrie, W. D., & Beier, J. C. (2021). Invasion, establishment, and spread of invasive mosquitoes from the Culex coronator complex in urban areas of Miami-Dade County, Florida. Scientific reports, 11(1), 1-8.

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