Miami-Dade County, Florida has seen selected as the location for a newly formed Univision-ABC Television Network joint venture, which will make a $274.5 million investment and create 346 jobs in the southern portion of the Sunshine State.

The new English-language television news network targeting the growing Hispanic market will be headquartered at the Univision studios in Doral, Florida. The Beacon Council estimates that the Univision joint venture will bring an additional 208 indirect jobs through suppliers or services and an additional $8 million in yearly wages to Miami-Dade County within three years.

"Univision's decision to grow here is a testament to Florida's status as one of the most business-friendly states in the country," said Governor Rick Scott. "Today's announcement is more proof that Florida is well-positioned to lead the country's economic growth in the next generation, as we compete and succeed in a global marketplace."

"The new ABC-Univision network will be headquartered in a state-of-the art facility and will retain and attract the very best talent in the industry, creating a thriving and dynamic production hub that will undoubtedly benefit Miami-Dade County and the State of Florida," said Cesar Conde, president, Univision Networks. "We're very happy that through this historic venture we will be able to continue contributing to the job growth and progress of Florida."

"This is a huge win for our entire community and it illustrates the growth potential of the creative industries, one of the seven target industries of the One Community One Goal Strategic Plan," said Frank R. Nero, President and CEO of The Beacon Council. "The impact of the high paying direct and indirect jobs will be felt throughout our community as the new network will attract a multitude of suppliers, vendors and talent to Miami-Dade." Among incentives offered, the firm has been approved for $3.5 million in Targeted Jobs Incentive Funds.