The CRA has 626 Business establishments employing 3,539 workers. Within a 10-mile radius, 6,354 business establishments employ 70,346 workers.
Employment growth in the CRA has been explosive. The number of jobs within the CRA more than doubled since 2010 compared to 20 percent for Miami-Dade County, ranking the CRA as one of the fastest-growing employment areas in South Florida.
A Community of Small Business
The CRA is a community of small business—Businesses less than 20 employees represent 96 percent of all business establishments in the CRA, and account for 60 percent of total employment in the CRA, and 86 percent of total sales.
The CRA’s private employers generated over $483M in total sales in 2018, while the Market Area accounts for over $18.9 B in annual sales, or 7 percent of total sales in the County.
Diverse Industry Structure
The CRA’s leading traded industry sectors are:
- Professional, Scientific, and Technical Services;
- Educational Services;
- Transit and Ground Passenger Transportation;
- Truck Transportation;
- Credit Intermediation and Related Activities; and
- Merchant Wholesalers, Durable Goods
Additional significant local employers in the CRA include:
- Administrative and Support Services;
- Hospitals; and
- Specialty Trade Contractors
Advanced Industry Employment
5 percent of employment in the CRA market area is in Advanced Industries—businesses with high productivity, R&D spending, innovation, and pay—compared to 3 percent for Florida and 8 percent for the US. The CRA Market Area is home to 300 establishments within the Advanced Industries Sector, employing 3,259 workers and $1.96B in sales. Leading Advanced Industry employment Market Area include:
- Management Consulting
- Architecture & Engineering
- R&D Services
- Computer Systems Design
Explosive Housing Market Growth
Housing supply has grown in the CRA by 7 percent over the last 5 years, compared to 2 percent for the rest of the County.
Naranja Lakes and the Importance of Agriculture
Agricultural employment in the Naranja Lakes Market Area represents 81 percent of all agricultural employment in Miami-Dade County, and Market Area total agricultural sales, at over $1 Billion, is 20 percent of total private business sales in the entire Market Area. While the rest of the County’s Agriculture sectors have receded, Greenhouse and Nursery production employment and sales grew over
The addition of the Atlantic Sapphire indoor salmon farm represents the latest phase of growth and
extension of the area’s trend to specialized and indoor growing. The new business also represents the
future of farming, producing organically-certified award-winning fish completely indoors.