Community Budget Issue Requests - Tracking Id #1199FY0102
Empowerment Zone
Requester:		Brian Finnie			Organization:		Miami Dade Empowerment Zone
Project Title:		Empowerment Zone			Date Submitted:		1/17/2002 3:17:20 PM
Sponsors:		Manuel Prieguez
Statewide Interest:
A revitalization of the downtown Miami areas as well as other zone aread will increase employment, economic development(including opportunities for small businesses), international trade, permanent housing and contributions to the State sales tax which will in turn provide increased funds to the State and a reduction of crime.
Recipient:		Miami-Dade Empowerment Trust			Contact:		Brian Finnie
		140 W. Flager Street, Ste. 1107			Contact Phone:		(305) 372-7620
		Miami 33133
Counties:		Dade
Gov't Entity:		Yes	Private Organization (Profit/Not for Profit):
Project Description:
Continued capotalization of the Miami Dade Empowerment Trust Revitalization initiative.
Measurable Outcome Anticipated:
An Empowerment Zone is a Federally designated area that targets cCounty, State and Federal resources to stimulate economic development in distressed low income areas. The ultimate goal of an Empowerment Zone is to use its limited resources to stimulate private sector investments, create jobs and stabilize neighborhoods. The underlying objective is to establish economically self-sufficient communities that contribute to the local economy and its tax base.
Amount requested from the State for this project this year:						$5,000,000
Identify items(s) in the FY 2002-03 Appropriations Bill to be reduced:
Specific Appropriation #:
Specific Appropriation Title:			General Revenue or an appropriate existing Trust Fund
Amount to be reduced:			$5,000,000
Total cost of the project:			$250,000,000
Request has been made to fund:				Operations
What type of match exists for this project?					Local, Private, Federal
	Cash Amount:		$200,000,000
Was this project previously funded by the State?							Yes
	Fiscal Year:		1999-2000		Amount:		$3,275,000
Is future-year funding likely to be requested?							Yes
	Amount:		$5,000,000
	Purpose for future year funding:					Recurring Operations
	Will this be an annual request?						Yes
Was this project included in an Agency's Budget Request?							Unknown
Was this project included in the Governor's Recommended Budget?							Unknown
Is there a documented need for this project?							Yes
	Documentation:		One Community, One Goal Strategic Plan as approved by Miami-Dade County, State of Florida (HB 297)
Was this project request heard before a publicly noticed meeting of a body of elected officials (municipal, county, or state)?							Yes
	Hearing Body:		Miami Dade Board of County Commisioners, Miami Dade Delegation
	Meeting Date:		11/19/2001