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Mayor Gimenez Says ‘Miami-Dade County Had A Strong 2018’ At Annual State Of The County Address

Mayor Carlos Gimenez just gave his annual State of the County address at Port Miami.

Gimemez said the county had a strong 2018, touting low levels of unemployment and crime. He says unemployment fell to 3.6%, the lowest in almost a decade, and that the overall crime rate decreased by more than 6%.

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Tax Perk Meant For Mom-And-Pop Owners Will Instead Benefit Major Property Investors

Small-time real estate investors are being blocked from a tax break that was originally meant to benefit them.

The Treasury Department recently released final rules detailing how owners of businesses including limited liability companies can receive a deduction of up to 20 percent, according to Bloomberg. The law, which was part of 2017 tax reform, lets real estate firms claim the deduction in full, but bars part-time property owners from the benefit.

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Investors Dash Into Miami Opportunity Zones

Investors and developers in Miami-Dade County have been pouring money into Opportunity Zones.

From April through September, property sales in those areas tallied $942 million, a 25 percent increase from the same time in 2017, according to The Real Deal’s analysis of records.

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