Miami River Marine Industries Symposium
-Dredging secures the future of the Miami River

The dockominium group recently had the pleasure of attending the Miami River Marine Industries Symposium at the Hyatt Regency Miami. Florida’s third major hurricane didn’t deter attendees from discussing key issues. Among the most critical is the fact that ships navigating the Miami river are not able to operate at full capacity even if they transverse the river at high tide.

Dredging the river, which should be underway as this goes to print will allow them to transverse at full capacity any time of the day. The result will be a boom to the local economy. Reduced labor costs will allow local industries to create more jobs and expand their exports to the Caribbean.

Both Miami-Dade County and the State of Florida are running a series of aggressive tax incentives for businesses within the Miami River Enterprise Zone. They include property tax abatements, sales tax credits, job tax credits, and property tax credits.

in addition, 40,000 tons of contaminated sediment has moved from the Miami river into Biscayne Bay over the past decade. Dredging will remove the sediment and improve both the river and the bay’s ecology.

The Miami RIver has been recognized by Governor Jeb Bush as a source of jobs and an engine of growth for the South Florida community.

The dockominium group applauds the Miami River Commission and its affiliates’ cleanup efforts and for providing the leadership necessary to create this exciting multi-use marine environment. Other communities would do well to follow their progress in the future.

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