Miami Heat are on fire in their playoff run

Miami Heat are on fire in their playoff run

By: Max Crampton-Thomas

2 Min read September 2020 After missing the chance to qualify for the playoffs last year and a sound beating in the first round of the playoffs the year prior, the Miami Heat were viewed as a team that was in the middle of what looked to be a long-term rebuild. This would have most likely been true had it not been for the masterminds working behind the scenes for the franchise, namely President Pat Riley and long-time Head Coach Erik Spolstra, and their emphasis on finding players that truly fit the well-known and regarded Heat Culture. Now only one win away from being declared the Eastern Conference Champions in 2020, the Miami Heat are on a mission to continue to shock the National Basketball Association. 

While this sudden success may come as a surprise to the casual fan, those well-versed in the game could see that Miami wasn’t making the moves of a franchise looking to enter into a complete rebuild. Starting with the offseason acquisition of NBA superstar Jimmy Butler in July 2019, the Heat began to find pieces to compliment both their newly acquired star and solidified role players like Goran Dragic, Bam Adebayo and Duncan Robinson. After putting together what was well-regarded as one of the best rookie classes of 2020, with players like Tyler Herro, Kendrick Nunn and Chris Silvia quickly becoming a true embodiment of Heat Culture, the in-season acquisitions of veterans Andre Iguadola and Jae Crowder only added fuel to the fire of what was already shaping up to be a scorching hot regular season for the Heat. 

An unexpected pause of the regular season due to the COVID-19 pandemic, saw the NBA make the announcement that they would be finishing out the remaining games in a “bubble” setting in Orlando, which would also host the playoffs and finals immediately following. The slightly shortened season and significant additions to the team resulted in the Heat finishing at fifth overall in the Eastern Conference with a record of 44 wins and 29 losses. 

The Heat have since flourished inside the bubble, with a quick 4-0 routing of the Indiana Pacers in the first round of the playoffs and a slightly tougher 4-1 series win over the No. 1 seated Milwaukee Bucks in the second round. The Heat, who are currently up 3-1 against the Boston Celtics in the Eastern Conference Finals, will look to close out the series tonight and advance to their first Finals appearance since 2014. 

But what does the team’s success this year mean for Miami-Dade? Unlike playoff runs from years past, these games are not being played in the host city for each team and ultimately the economic impact for Miami-Dade County will not be the same. That being said, the positive effects of this historic run come by way of providing some much-needed visitation of local residents to restaurants in the county, who were only recently allowed to once again have indoor dining at 50% capacity. Miami restaurants, namely sports bars, can rejoice at the Heat’s playoff run as fans congregate once again in their establishments to collectively share in the enjoyment of watching their team play and, most importantly, continue to win. 

For more, please visit: 

https://www.nba.com/heat/

No Slowdown in Sight for Miami Construction

By Yolanda Rivas

2 min read JULY 2019— Employment in the U.S. construction sector continued to trend upward last month, with the addition of 21,000 new jobs, according to data from the U.S. Bureau of Labor Statistics (BLS). The strength in the sector, reflected also in the latest Miami regional data, suggest the industry is not slowing as quickly as projected.

According to the most-recent BLS data for Miami, the construction industry added 5,100 jobs in May, a 3.7% year-on-year increase and above the 2.8% national figure for that month. The numbers aren’t surprising, given the amount of development in the Miami area.

“What has been impressive to me over the last year is the number of projects we have under construction,” Andrew Burnett, senior principal at Stantec Architecture, told Invest:. “We have around 26 to 30 projects that are either in construction or looking to start construction next year. A large percentage of them are mixed-use residential, and we’re not only providing architecture and interior design services but often engineering and MEP (Mechanical, Electrical and Plumbing) as well.”

As stated in Invest: Miami 2019, residential development remains the top driver of construction in Miami. Although there has been a slight slowdown in the condo market, some experts expect the strong performance to continue.

“I see the right projects and developments continuing to thrive,” Manny Varas, president and CEO of MV Group, told Invest:. “Buyers are taking their time to make better decisions. They’re seeking out developers with strong track records as well as the quality of interiors and finishes that they’re looking for and can count on,” he said.  

In 2018, Miami ranked among the Top 10 U.S. metropolitan areas for commercial and multifamily construction starts, according to Dodge & Data Analytics. The construction in Miami’s residential real estate is characterized by the trend of continued foreign investment in high-profile luxury condos.

Another area with strong demand is infrastructure construction, according to Luis Lugo, Hill International’s senior vice president and regional manager for the Southeast U.S. and Latin America. For example, Miami International Airport and Fort Lauderdale International Airport, will soon start major expansion and modernization projects and the Miami-Dade Transit SMART program is expected to start construction activity soon. 

“We also do a lot of work with the hospitality industry. We’re building about a dozen hotels throughout the region. That’s a big market for us, and it’s a space in which we excel,” Lugo said. 

Despite speculation about a national economic slowdown, the outlook for Miami’s construction sector is positive. “The market will continue to be strong. A little slowdown is expected, but construction is going to pick up in 2019 and beyond,” Lugo said. 

To learn more about our interviewees, visit their websites:

Stantec Architecture: https://www.stantec.com/en/services/architecture-interior-design 

MV Group: https://www.mvgroupusa.com/ 

Hill International: https://www.hillintl.com/en 

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/