Dania Beach’s central location places it at the heart of the Fort Lauderdale and Hollywood CBDs which combined total over 15.2 million square feet of office space. Since the beginning of 2013, these two metros have realized dramatic decreases to their overall unemployment rate ending at 4.9% and 5.2% for Fort Lauderdale and Hollywood, respectively.
In addition, Moody’s analytics predicts the Fort Lauderdale MSA will exhibit faster population and employment growth than other major metros such as Miami, San Francisco, New York and Boston through 2019.
South Florida’s shipyards are the second largest in the world catering to private mega yachts. Dania Beach is truly a marine city. It is nestled in the shadow of a major seaport, accessible to the Atlantic Ocean by miles of navigable waterways and home to a wide variety of marine related businesses and activities both large and small. From its humble beginnings in Port Laudania to its current status as a major marine industry city in the South Florida marine landscape, there is no denying that the marine industry is a major component of our local economy and an important part of our community in many ways. The 1,500 mega yachts that visit South Florida annually, for example, have an average economic impact of almost $500,000 per visit.
The world class marine industry encompasses construction, supply, design, innovation and technology to ships and boats of many sizes and from many countries. While The Maritime Officer’s Training center prepares staff for the marine industry, support services of caterers, contractors, refurbishers, fuellers, dockside attendees, and security personnel are some of the many varied jobs and opportunities that are provided to the marine community residing in and around Dania Beach.
The marine industry brings $13.6 billion dollars to the South Florida economy each year. In Dania Beach, this translates into job opportunities with 73% the City’s employee work force in this industry.
Dania Beach is home to the Outdoor World, American Maritime Officers (AMO) National Union Headquarters, Diver’s Direct Corporate Headquarters, Nautical Ventures, Coast Guard, US Navy, the NSU National Coral Reef Institute and a host of other marine related businesses, marinas and boatyards. The city’s direct ocean access and proximity to boat storage and supplies and scientific research make Dania Beach ideal for anglers, divers and other marine enthusiasts.
Tourism and Entertainment
Pristine, fine, white sandy beaches with the character and charm of a warm, inviting small town combine to make Dania Beach a beautiful destination city. The extensive water based activities include boating, fishing, scuba diving, snorkeling, surfing and swimming provide an array of options for residents and tourists. The newly renovated Dania Beach Fishing Pier, is prime for movie, television and commercial film production, special events and weddings, as well as, 24 hour sightseeing and fishing. With the addition of five new hotels, Dania Beach comfortably accommodates family fun, business meetings and industry gatherings.
Dania Beach is the only public beach in Broward County that is not bisected by a local highway and has both beach and Intracoastal access. Its location, so near to the inlet has some of the best natural and well preserved beach in South Florida in addition to a fully operational marina. The Dania Beach Marina recently underwent an extensive $7.5 million renovation which increased capacity to 120 boats up to 50’ in length.
Dania Beach serves as the country’s southern center for the interior design industry and support services. For more than 30 years, the Design Center of the Americas (DCOTA) has been located in Dania Beach and has served the design community with the finest campus amenities and showrooms in the industry attracting world-class designers, architects, decorators, dealers and their clients. At nearly 800,000 square feet, DCOTA is the largest design campus of its kind. Buyers come from all over the world to access the finest in home, marine and office furnishings that can be found in DCOTA’s large theater style showrooms. DCOTA and the Dania Beach Design District feature imported and domestic name brands and specialty shops. Complimenting DCOTA and the Dania Beach Design District, is Downtown Dania Beach’s Vintage and Antique District. With approximately 60 shops featuring vintage treasures, antiques and original and reproduction art, many knowledgeable collectors make the trip to Dania Beach with a wish list in hand.
An advantageous economic climate is helping Broward County establish itself as a world-class international business center and one of the most desirable locations for new, expanding or relocating businesses. Once known strictly as a tourism-dependent economy, Broward County’s economy now supports a diverse range of industries including manufacturing, finance, insurance, real estate, high technology, avionics/aerospace and marine industries and a bourgeoning film production business. The County’s labor force consists of over 1.03 million persons, and is diversified over a broad spectrum of industries. The County unemployment rate has consistently declined in recent years and has historically outperformed that of neighboring counties.
Broward County as a whole is expected to be a leader in job creation over the near term—not only regionally but also on a national stage. In 2012 alone, the county expanded payrolls by 4.2%—more than twice as fast as the rest of the country. The Milken Institute recently placed Fort Lauderdale as the 9th top market in the country, exceeding over 200 national metropolitan areas in employment growth.
Most notably, metropolitan Fort Lauderdale has historically been a leader in job creation among major national metropolitan areas—particularly during recovery periods following a recession. Pricewaterhouse Coopers recently analyzed Bureau of Labor Statistics’ job creation data for the period immediately following the 1981-83 and 1991-93 recessions, and found that Fort Lauderdale ranked 11th in the former and 9th in the latter among all the national metropolitan areas. The growth forecast bodes well for the county as a whole as the expanding central business district will undoubtedly spur growth in the suburban employment markets.