Beacon Council Announces that BD Commits more than $20 Million for New Manufacturing Facility in Miami-Dade.MIAMI Miami, cities, United States Miami (mīăm`ē, –ə). 1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896. -- The Beacon Council, Miami-Dade County's official economic development partnership, is pleased to announce that BD (Becton, Dickinson and Company), a leading global medical technology company headquartered in Franklin Lakes, New Jersey Franklin Lakes is a borough in Bergen County, New Jersey, United States. The Franklin Lakes zip code is 07417. As of the United States 2000 Census, the borough population was 10,422. , plans to open a new BD Biosciences manufacturing facility in Miami-Dade County. The new facility will produce cell culture media supplements that are used in the production of vaccines and biopharmaceuticals. To accommodate its needs, BD will invest more than $20 million in renovating 90,000 square feet at the former IVAX IVAX Industrial Vax (Dec Computer) Pharmaceuticals building in North Miami North Miami, city (1990 pop. 49,998), Dade co., SE Fla., a growing suburb of Miami, on Biscayne Bay; inc. 1926. It is mainly residential, but has considerable retail development. Manufactures include boats, wooden furniture, and aluminum products. . The new manufacturing operation is expected to create 75 high-paying jobs over the next eight years. The Beacon Council's recruitment effort began in 2006. The availability of an existing building with a manufacturing infrastructure, as well as the incentives available, were factors in the company's decision to locate the facility in Miami-Dade County. "Worldwide demand is increasing for our cell culture media supplements that are used in the production of biological medicines," said Tom Isett, Vice President, Advanced Bioprocessing, BD Biosciences. "Miami-Dade County, with its spirit of public-private partnership Public-private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3. , skilled workforce and infrastructure, is an ideal location for BD to grow this important part of our business." The Beacon Council assistance package included business contacts and referrals, research, incentives and permitting assistance. BD qualified for state and local incentives totaling $1,408,450. All of the incentives for which BD qualified are performance-based incentives which will only be disbursed if the company meets specific investment and job creation commitments over the course of the next eight years. The incentives include a Florida Qualified Target Industry (QTI QTI Question and Test Interoperability QTI Qualified Target Industry QTi QT Interval (represents the time for electrical activation and inactivation of the ventricles; letters designate different parts of the electrocardiogram waveform) ) tax refund Tax refund Money back from the government when too much tax has been paid or withheld from a salary. and a Miami-Dade County Targeted Jobs Incentive Fund (TJIF) incentive. "The new BD facility contributes to our ongoing effort of increasing economic growth through the recruitment and retention of Life Science companies. There is an aggressive competition in play to recruit companies and we cannot stress enough how important it is for Miami-Dade to advance its education priorities. In order for Miami-Dade to remain competitive in the knowledge-based economy, we need to continue to produce a skilled workforce attractive to high-tech and advanced industries, such as the Life Sciences," said Frank Nero, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Beacon Council. "On behalf of Miami-Dade County and the Board of County Commissioners, I want to welcome BD to the County and pledge our support in assisting the company so that it meets its business objectives," said Miami-Dade County Commissioner Barbara Jordan Barbara Charline Jordan (February 21, 1936 – January 17, 1996) was an American politician from Texas. She served as a congresswoman in the United States House of Representatives from 1973 to 1979. Early life and career Jordan was born in Houston's Fifth Ward to Rev. , District One. "Creating new jobs in our community is a priority, and the commitment shown by BD to our community is a testament to the strength our local economy, as well as the public-private partnerships available to help businesses succeed." About The Beacon Council The Beacon Council, Miami-Dade County's official economic development partnership, is a not-for-profit, public-private organization that focuses on job creation and economic growth by coordinating community-wide programs; promoting minority business and urban economic revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. ; providing assistance to local businesses in their expansion efforts; and marketing Greater Miami throughout the world. For more information, visit www.beaconcouncil.com. |
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