Community Budget Issue Requests - Tracking Id #198FY0102
Miami-Dade Empowerment Zone
Requester:		Bryan K. Finnie			Organization:		Miami-Dade Empowerment Trust, Inc.
Project Title:		Miami-Dade Empowerment Zone			Date Submitted:		1/14/2002 2:16:34 PM
Sponsors:		Dorothy Bendross-Mindingall
Statewide Interest:
Economic and Business Development
Recipient:		Miami-Dade Empowerment Trust, Inc.			Contact:		Aundra C. Wallace
		3050 Biscayne Blvd., Suite 300			Contact Phone:		(305) 372-7620
		Miami 33137
Counties:		Dade
Gov't Entity:		Yes	Private Organization (Profit/Not for Profit):
Project Description:
The Trust operates as a public sector investment bank, matching public resources with private funding to stimulate development.
Measurable Outcome Anticipated:
500 jobs created; 40 new homes built;$1 million Micro-Loan Fund.
Amount requested from the State for this project this year:						$7,000,000
Identify items(s) in the FY 2002-03 Appropriations Bill to be reduced:
Specific Appropriation #:			2162A
Specific Appropriation Title:			Workforce Information
Amount to be reduced:			$7,000,000
Total cost of the project:			$15,000,000
Request has been made to fund:				Operations and Construction
What type of match exists for this project?					Local, Federal
	Cash Amount:		$8,000,000
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?							No
Was this project included in the Governor's Recommended Budget?							No
Is there a documented need for this project?							Yes
	Documentation:		Miami-Dade Empowerment Zone Strategic Plan
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 County
	Meeting Date:		11/16/2001