The phenomenology of a new economical supersymmetric model that utilizes dy
namical supersymmetry breaking and gauge mediation for the generation of th
e sparticle spectrum and the hierarchy of fermion masses is discussed. Simi
larities between the communication of supersymmetry breaking through a mess
enger sector and the generation of flavor using the Froggatt-Nielsen (FN) m
echanism are exploited, leading to the identification of vector-like messen
ger fields with FN fields and the messenger U(1) as a flavor symmetry. An i
mmediate consequence is that the first and second generation scalars acquir
e flavor-dependent masses, but do not violate flavor changing neutral curre
nt bounds since their mass scale, consistent with ''effective supersymmetry
," is of order 10 TeV. We define and advocate a ''minimal flavor-mediated m
odel" (MFMM), recently introduced in the literature, which successfully acc
ommodates the small flavor-breaking parameters of the standard model using
order 1 couplings and ratios of flavon field VEVs. The mediation of supersy
mmetry breaking occurs via two-loop logarithm-enhanced gauge-mediated contr
ibutions, as well as several one-loop and two-loop Yukawa-mediated contribu
tions for which we provide analytical expressions. The MFMM is parametrized
by a small set of masses and couplings, with values restricted by several
model constraints and experimental data. Full two-loop renormalization grou
p evolution is performed, correctly taking into account the negative two-lo
op gauge contributions from heavy first and second generations. Electroweak
symmetry is radiatively broken with the value of mu determined by matching
to the Z mass. The weak scale spectrum is generally rather heavy, except f
or the lightest Higgs boson, the lightest stau, the lightest chargino, the
lightest two neutralinos, and of course a very light gravitino. The next-to
-lightest sparticle always has a decay length that is larger than the scale
of a detector, and is either the lightest stau or the lightest neutralino.
Similar to ordinary gauge-mediated models, the best collider search strate
gies are, respectively, inclusive production of at least one highly ionizin
g track or events with many taus plus missing energy. In addition, D-0 <->D
-0 mixing is also a generic low energy signal. Finally, the dynamical gener
ation of the neutrino masses is briefly discussed.