Equestrian Festival Leads the 2020 Palm Beach Sports Charge

Equestrian Festival Leads the 2020 Palm Beach Sports Charge

By: Sara Warden

2 min read January 2020 — Horses are big business in Florida, which boasts the third-highest horse population nationwide behind only Texas and California. The state is home to half a million horses and the horse-riding industry pulls in an estimated $6.5 billion annually.

 

 This week, Palm Beach County welcomes the Winter Equestrian Festival – 12 weeks of elite competition ending on March 29. The contest attracts a diverse set, aged between 2 and 70, among them some of the most talented Olympians, adult amateurs, juniors and children from 52 countries. But many of these competitors have something in common: deep pockets.

The show-jumping prizes are often lucrative, and the Winter Equestrian Festival will award millions of dollars in total purse money to victors. But this is partly a reflection on the initial outlay to participate. “Only the wealthiest of families can afford to break into the sport. Today, prized horses can cost hundreds of thousands of dollars. The cost of maintaining a horse can easily reach tens of thousands of dollars a month,” according to Business Insider.

The Equestrian Festival is not the only sporting event Palm Beach residents can look forward to this year. Coinciding with the festival is the Palm Beach International Polo Season, held at the International Polo Club Palm Beach. Although a typically exclusive sport, this festival offers fun for all budgets, with tickets starting at just $10. Also on offer for those who want to splash out are Champagne brunches, ride simulators and introductory lessons starting at $100 each.

Palm Beach County will also welcome another elite sport this month: the Gainbridge Ladies Professional Golf Association (LPGA), with a purse of $2 million. Pro golfers are expected to descend on Palm Beach County to witness the three-day event beginning Jan. 23. “Expect the Olympics, expect to see the best young female golfers at the prime of their career, come from all over the world. We’ll have 29 different countries teeing it up here when we play in January,” Mike Whan, Commissioner of the LPGA told CBS 12 News.

Other sporting events in the first quarter include the start of baseball’s spring training. The World Series champion Washington National’s first spring training game will be against the Houston Astros, the team they faced in the World Series, on Feb. 22. Palm Beach County is proving it is entering the big leagues with this range of heavy-hitting events.

“We’re just trying to put a spotlight on this incredible run of sports that will impact Palm Beach County in so many ways. It’s great entertainment for our local residents in our community to a huge economic and tourism benefit that will be delivered through Palm Beach County through sports,” said George Linley, Executive Director of the Palm Beach County Sports Commission, to CBS 12 News.

 

To learn more, visit:

https://www.palmbeachsports.com/

https://www.lpga.com/

https://ipc.coth.com/

https://pbiec.coth.com/

 

Southern Command’s Economic Impact in the Region

By Yolanda Rivas

July 2019

2 min read — The U.S. Southern Command (SOUTHCOM) moved its headquarters to Miami almost 22 years ago with revised priorities, objectives and capabilities. Since then, the command has had a significant impact on the local economy.

 

According to the Bureau of Economic Analysis, by 2017, SOUTHCOM had a combined economic impact in Miami-Dade of 53,151 jobs. It also had $5.4 billion in sales, a gross regional product of $5.1 billion and a 4% of total gross product since 2011. 

SOUTHCOM is one of 10 unified Combatant Commands in the U.S. Department of Defense (DoD). And it is responsible for providing contingency planning, operations, and security cooperation in its area of responsibility, which covers much of the Western Hemisphere. It includes Central America, South America and the Caribbean (except U.S. commonwealths, territories, and possessions) and encompasses 31 countries and 16 dependencies and areas of special sovereignty. 

Although the command was given its current name in 1963, its history as a unified military headquarters began during World War II, with the establishment of the U.S. Caribbean Defense Command, located in Panama. It was in September 1997 when the SOUTHCOM moved to Miami. 

The command is now responsible for employing over 1,200 military and civilian personnel representing the Army, Navy, Air Force, Marine Corps, Coast Guard, and several other federal agencies. The defense industry has an economic impact of $5.5 billion on Miami-Dade County and it supports 56,476 jobs with an average salary of $70,300, according to data from Miami Dade Beacon Council. 

The SOUTHCOM has played a key role on the overall defense industry impact in the county. Raymond Sarracino, spokesperson from U.S. Southern Command Public Affairs, explained in an interview with Miami Today that “in addition to salary, he or she (military active duty) will also receive $3,000 a month tax free for living expenses, which definitely plays a role in the economic impact of the community.”

The command’s workforce is supported by more than 400 civilian employees who play a crucial role in SOUTHCOM’s efforts to support security and stability in the region. They also have a Public / Private Cooperation (PPC) program which integrates non-governmental organizations, private companies, academic institutions, or other qualifying groups to foster society solutions for 21st century challenges in Latin America and the Caribbean. 

For more information, please visit:

U.S. Southern Command (SOUTHCOM): https://www.southcom.mil/ 

U.S. Department of Defense: https://www.defense.gov/ 

Miami Dade Beacon Council: https://www.beaconcouncil.com/ 

SOUTHCOM Public / Private Cooperation (PPC) program: https://www.southcom.mil/Work-With-Us/Public-Private-Cooperation/