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Agenda 03/11/2011 W (EDC) BCC/EDC Economic Development Workshop Agenda March 11, 2011 AGENDA March 11,2011 9:00 a.m. Collier County Board of County Commissioners and the Economic Development Council of Collier County "Economic Development Workshop" 3rd Floor Boardroom W. Harmon Turner Building Fred W. Coyle, Chairman, District 4 Donna Fiala, Commissioner, District 1 Georgia Hiller, Commissioner, District 2 Tom Henning, Commissioner, District 3 Jim Coletta, Commissioner, District 5 NOTICE: ALL PERSONS WISHING TO SPEAK ON ANY AGENDA ITEM MUST REGISTER PRIOR TO SPEAKING. SPEAKERS MUST REGISTER WITH THE COUNTY MANAGER PRIOR TO THE PRESENTATION OF THE AGENDA ITEM TO BE ADDRESSED. ALL REGISTERED PUBLIC SPEAKERS WILL RECEIVE UP TO THREE (3) MINUTES UNLESS THE TIME IS ADJUSTED BY THE CHAIRMAN. COLLIER COUNTY ORDINANCE NO. 2004-05, AS AMENDED, REQUIRES THAT ALL LOBBYISTS SHALL, BEFORE ENGAGING IN ANY LOBBYING ACTIVITIES (INCLUDING, BUT NOT LIMITED TO, ADDRESSING THE BOARD OF COUNTY COMMISSIONERS), REGISTER WITH THE CLERK TO THE BOARD AT THE BOARD MINUTES AND RECORDS DEPARTMENT. IF YOU ARE A PERSON WITH A DISABILITY WHO NEEDS ANY ACCOMMODATION IN ORDER TO PARTICIPATE IN THIS PROCEEDING, YOU ARE ENTITLED, AT NO COST TO YOU, TO THE PROVISION OF CERTAIN ASSISTANCE. PLEASE CONTACT THE COLLIER COUNTY FACILITIES MANAGEMENT DEPARTMENT LOCATED AT 3301 EAST TAlllMlI TRAK., NAPLES, FLORIDA, 34112, (231) nwJlO; ~D UlTEIMG DEVICES FOR THE HEANNG IMPAIRED ME AVAILABLE IN THE COUNTY COIAII.SlCf....' OFFICE. 1. Pledl. of Alleli.nee 2. Opening Comments - Fred W. Coyle, CMirman 3. Introductions - Economic Development Council of Collier County 4. Opening Comments -Robert Mulhere, Ch.ir~n, Economic Development Council of Collier County 5. Past, Present and Future - Robert Mulhere 6. Economic Development Recommendations 7. Commissioners' Questions 8. Public Comment 9. Adjourn INQUIRIES CONCERNING CHANGES TO THE BOARD'S AGENDA SHOULD BE MADE TO THE COUNTY MANAGER'S OFFICE AT 252-8383. ECONOMIC DEVELOPMENT COUNCIL of Collier County, Florida Growing Great Idea! Collier County Board of Commissioners Economic Development Council of Collier County Joint Workshop for Economic Development March 11, 2011 9:00 a.m. - 12:00 p.m. Board of County Commissioner Chambers ECONOMIC DEVELOPMENT COUNCIL OF COLLIER COUNTY IZC 3050 Horseshoe Drive North, Suite 120 . Naples, FL 34104 Phone (239) 263-8989 . Fax (239) 263-6021 www.eNaplesFlorida.com ECONOMIC DEVELOPMENT COUNCIL of Collier County, Florida Growing Great Idea! Collier County Board of Commissioners Economic Development Council of Collier County Joint Workshop for Economic Development March 11, 2011 9:00 a.m. - 12:00 p.m. Board of County Commissioner Chambers Contents . Tab 1: Agenda . Tab 2: Joint Workshop for Economic Development Presentation . Tab 3: Minutes January 13,2010 Joint Workshop for Economic Development January 8, 2009 Joint Workshop for Economic Development January 8, 2008 Joint Workshop for Economic Development . Tab 4: 2010 Florida Economic Scorecard . Tab 5: Summary of Recent Activity Agenda ~ '-.-....... , _..,.._...;-::;;-~ AGENDA March 11, 2011 9:00 a.m. Collier County Board of County Commissioners and the Economic Development Council of Collier County "Economic Development Workshop" 3'd Floor Boardroom W. Harmon Turner Building Fred W. Coyle, Chairman, District 4 Donna Fiala, Commissioner, District 1 Georgia Hiller, Commissioner, District 2 Tom Henning, Commissioner, District 3 Jim Coletta, Commissioner, District 5 NOTICE: ALL PERSONS WISHING TO SPEAK ON ANY AGENDA ITEM MUST REGISTER PRIOR TO SPEAKING. SPEAKERS MUST REGISTER WITH THE COUNTY MANAGER PRIOR TO THE PRESENTATION OF THE AGENDA ITEM TO BE ADDRESSED. ALL REGISTERED PUBLIC SPEAKERS WILL RECEIVE UP TO THREE (3) MINUTES UNLESS THE TIME IS ADJUSTED BY THE CHAIRMAN. COLLIER COUNTY ORDINANCE NO. 2004-05, AS AMENDED, REQUIRES THAT ALL LOBBYISTS SHALL, BEFORE ENGAGING IN ANY LOBBYING ACTIVITIES (INCLUDING, BUT NOT LIMITED TO, ADDRESSING THE BOARD OF COUNTY COMMISSIONERS), REGISTER WITH THE CLERK TO THE BOARD AT THE BOARD MINUTES AND RECORDS DEPARTMENT. IF YOU ARE A PERSON WITH A DISABILITY WHO NEEDS ANY ACCOMMODATION IN ORDER TO PARTICIPATE IN THIS PROCEEDING, YOU ARE ENTITLED, AT NO COST TO YOU, TO THE PROVISION OF CERTAIN ASSISTANCE. PLEASE CONTACT THE COLLIER COUNTY FACILITIES MANAGEMENT DEPARTMENT LOCATED AT 3301 EAST TMIIAMI TRAIL, NAPLES, FLOflIDA, 34112, (238) 774-1310; ASSISTED LISTEMtG DEVICES FOfl THE HEARING IMPAIRED ARE AVAILABLE IN THE COUNTY COIIIIISSIONERS' OFFICE, 1. Pledge of A1le,i_ 2. Opening Comments - Fred W. Coyle, CNMnNII1 3. Introductions - Economic Development Council of Collier County 4. 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() s.... ro ~ Minutes January 13,2010 MINUTES OF THE COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS AND ECONOMIC DEVELOPMENT COUNCIL OF COLLIER COUNTY JOINT WORKSHOP Naples, Florida, January 13, 2010 LET IT BE REMEMBERED, that the Board of County Commissioners and Economic Development Council of Collier County, having conducted business herein, met in a WORKSHOP SESSION on this date at ] :00 PM at the Administrative Building "F," 3rd Floor Collier County Government Complex, Naples, Florida, with the following members present: CHAIRMAN: Commissioner Fred W. Coyle Commissioner Frank Halas Commissioner Tom Henning Commissioner Jim Coletta Commissioner Donna Fiala ALSO PRESENT: Leo Ochs, County Manager Jeffrey A. Klatzkow, County Attorney Sue Filson, BCC Executive Manager COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS and Economic Development Council of Collier County Ol."'\\ I II/.. ~ '.. I 'r ..)~ )/ ,,\ WORKSHOP AGENDA January 13,2010 1:00 PM Fred Coyle, BCC Chairman, District 4 Frank Halas, BCC Vice-Chairman Commissioner, District 2 Tom Henning, Commissioner, District 3 Jim Coletta, Commissioner, District 5 Donna Fiala, Commissioner, District 1 NOTICE: ALL PERSONS WISHING TO SPEAK ON AGENDA ITEMS MUST REGISTER PRIOR TO SPEAKING. SPEAKERS MUST REGISTER WITH THE COUNTY MANAGER PRIOR TO THE PRESENTATION OF THE AGENDA ITEM TO BE ADDRESSED. ALL REGISTERED SPEAKERS WILL RECEIVE UP TO THREE (3) MINUTES UNLESS THE TIME IS ADJUSTED BY THE CHAIRMAN. COLLIER COUNTY ORDINANCE NO. 2003-53, AS AMENDED BY ORDINANCE 2004-05 AND 2007-24, REQUIRES mAT ALL LOBBYISTS SHALL, BEFORE ENGAGING IN ANY LOBBYING ACTIVITIES (INCLUDING, BUT NOT LIMITED TO, ADDRESSING THE BOARD OF COUNTY COMMISSIONERS), REGISTER WITH THE CLERK TO THE BOARD AT THE BOARD MINUTES AND RECORDS DEPARTMENT. REQUESTS TO ADDRESS THE BOARD ON SUBJECTS WHICH ARE NOT ON THIS AGENDA MUST BE SUBMITTED IN WRITING WITH EXPLANATION TO THE COUNTY MANAGER AT LEAST 13 DAYS PRIOR TO THE DATE OF THE MEETING AND WILL BE HEARD Page 1 January 13,2010 '-'---'-'~""~"-",... .--.- 'P,'_. ......'.~.~.____~~,._,...._ .,. ,... ~ '"'_~"_"""~__"'_"~"'~~""~._""'_'_'_"'_""""_'_ ................._.., UNDER "PUBLIC PETITIONS." PUBLIC PETITIONS ARE LIMITED TO THE PRESENTER, WITH A MAXIMUM TIME OF TEN MINUTES. ANY PERSON WHO DECIDES TO APPEAL A DECISION OF THIS BOARD WILL NEED A RECORD OF THE PROCEEDINGS PERTAINING THERETO, AND THEREFORE MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WmCR RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED. IF YOU ARE A PERSON WITH A DISABILITY WHO NEEDS ANY ACCOMMODATION IN ORDER TO PARTICIPATE IN THIS PROCEEDING, YOU ARE ENTITLED, AT NO COST TO YOU, TO THE PROVISION OF CERTAIN ASSISTANCE. PLEASE CONTACT THE COLLIER COUNTY FACILITIES MANAGEMENT DEPARTMENT LOCATED AT 3301 EAST TAMIAMI TRAIL, NAPLES, FLORIDA, 34112, (239) 252-8380; ASSISTED LISTENING DEVICES FOR THE HEARING IMPAIRED ARE AVAILABLE IN THE COUNTY COMMISSIONERS' OFFICE. 1. PLEDGE OF ALLEGIANCE 2. Opening Comments - Fred Coyle, BCC Chairman 3. Introductions - Presented by Economic Development Council of Collier County Opening Comments - William O'Neill, Chairman of the Board, Economic Development Council of Collier County, Robert Mulhere, Chairman-Elect, Economic Development Council of Collier County 4. Input/Comments - Collier County Board of County Commissioners 5. Economic Gardening - Presented by Steve Quel1o, Florida Economic Gardening Institute and Joe Buckheit, MediaBrains, Inc. 6. Project Innovation - Presented by Chris Doyle, Vice-President, Project Innovation, Economic Development Council of Collier County 7. Break Page 2 January 13, 2010 - _"'~-__._"_'" '.'--'--0- --._-~~.__.___,-_____ __.___v.__.__.___'___._._.,_ 8. Regional and Local Marketing Program - Presented by Joseph Bouch, Chisano Marketing Group 9. An Economy by Design - Planning for 2010-2015 - Presented by William O'Neill/Robert Mulhere 10. Commissioners' Questions and Concerns 1 t. Public Comment 12. Adjourn Inquiries concernine: chane:es to the Board's ae:enda should be made to the County Manae:er's Office at 252-8383. Page 3 January 13,2010 January 13, 2010 I. Pledge of Allegiance Chairman. Commissioner Fred Coyle opened the Workshop with the Pledge of Allegiance at 1 :00 PM. II. Opening Comments - Commissioner Coyle commenced the meeting with Welcoming and Commissioner Introductions. III. Introductions - Self introductions were given by the Economic Development Council of Collier County and are asfollows: Tammie Nemecek, President - EDC William O-Neill, Roetzel & Andress, Esq., Chairman - EDC Robert Mulhere, Mulhere & Associates LLC, Chairman Elect -- EDC Chris Doyle, Naples Daily News, VP - Project Innovation Timothy Cartwright, Fi fih A venue Advisors, VP - Economic Gardening IV. Opening Comments - William O'Neill and Robert Mulhere William O'Neill stated EDC's role is to influence the process for the benefit of the Community through expanding job opportunities and the tax base. A slide presentation was made on priorities, diversification of economy; create high wage jobs and long-term goals. Topics presented: );. Economic Gardening );. Project lnnovation ~ Regional and Local Marketing );. Long Range Planning Robert Mulhere received feedback from the BCC, County Manager and Joe Schmitt over the past several months on the following. )0- Coordination with other Community Organizations and Groups ~ Focus by Adhering to a Strategic Plan ~ Insuring Good Stewardship ~ Long Range Strategic Planning Accomplishments V. Input/Comments - Collier County Board of Commissioners Commissioner Halas expressed concern when the banks will open up funding loans to the public and private sector. Commissioner Coyle commented how difficult it is to attract new businesses. He would like solutions discussed for all types of businesses and requested advice on how to improve and diversify the economy. Commissioner Coletta stated most economic growth would be east of 951 per the Immokalee Master Plan and the lmmokalee Airport Authority Master Plan. He suggested applying for a small grant and to use funds to reach out to existing struggling businesses and help them through the economic situation through EDC and SCORE. 2 January 13, 2010 Commissioner Henning suggested targeting the commercial market and retaining businesses in Collier County. Commissioner Fiala suggested focusing on what is working and seek new innovated ways to lower the unemployment rate in Collier County. Commissioner Halas suggested attracting new business by promoting transportation in and out of the Immokalee Airport. Commissioner Coyle stated the County lost the ROW for the railroads years ago and does not have a standard road system due to the high cost of ROW's. He suggested taking the opportunity to define the County's niche to success and to create other avenues in research and medical. He also suggested focusing on primary businesses due to unemployed residents moving away from Naples. Commissioner Halas stated universities help stimulate the economy and suggested universities in the area apply for Grants to aid in Medical Research Programs. Commissioner Coletta recommended Community Organizations and Groups get involved in Public Outreach efforts to educate the public. Commissioner Coyle suggested highlighting "Successful Businesses" by inviting companies to give presentations on their company at BCC Meetings. William O'Neill stated the EDC will respond and address all questions and concerns. VI. Economic Gardening - Steve Quello, Florida Economic Gardening Institute reported that SW Florida is a part of a 6-Region State Pilot Program created in 2009 within the Office of Tourism Trade and Economic Development. He described "Economic Gardening" as an innovative, entrepreneur-centered economic development strategy focusing on a long-term approach designed to generate new jobs from the Community's existing base of businesses of second- stage companies. Second-stage companies must have - >- Potential to create more jobs y Companies wanting growth >- Enterprise privately held >- Must have 10 - 99 employees and generate about $1 million to $50 million in annual revenue Steve Quello introduced Joe Buckheit and noted his business was a second-stage company. Joe Buckheit, entrepreneur, is involved with the EDC and gave a brief history of his background. ,. Owner of Media Brains, Inc., a software company that employed county residents which generated income from within county. 3 January 13, 2010 ~ Sold Media Brains and now owns and operates a new business with 20 employees. ~ Stated, Economic Gardening is an excellent program helpful to businesses. )0- Currently acts as a consultant to the EDC. )0- The average salary paid was $55,000 with standard benefits; insurance, paid vacations and a matching 401 K Program. The benefits provided are not counted in the $55,000. Steve Quello stated Collier County has 500 Second-Stage Companies which employ 10-99 employees that could benefit from Economic Gardening. Commissioner Coyle suggested research be completed to identify which of these 500 Second-Stage companies meet the programs specific criteria. William O'Neill commented the State's pilot program is being very selective in identifying the most fruitful businesses to invest in. The BCe will receive a list of Second-Stage Businesses, identifying businesses that meet program requirements along with a development program, according to Tammie Nemecek, President/CEO for the Economic Development Council. VII. Project Innovation Chris Doyle extended a "thank you" to the BCC for their support. A "Project Innovation" video presentation was played. He noted the video has two goals: )0- To create a shared vision and action plan for a strong and innovative economy, using the power of our community ~ To stimulate innovation among businesses, schools, government and the community Chris Doyle ended his presentation with The "Pr~ject Innovation - Social Medias and Viral" video created by the Gulf Coast School Marketing Academy. Break: 2:47 PM Reconvened: 3:02 PM VIII. Regional and Local Marketing Program - Joseph Bouch, Chisano Marketing Group, stated his company has been asked to expand marketing outside of Collier County and collaborates with 5 counties and build regionalism. Key regionalism provides: . Pure Identity . Leverage Assets and Strength of Regions - Vibrant Region . Compiling Story Positioning Statement "Southwest Florida - A Brighter Place to do Business" describes the region best 4 January 13,2010 Joseph Bouch gave a slide presentation on the Marketing Plan · Goals and Objectives · Simple Logo . Advertising with teasers as a goal to get people to the Southwest Florida website - www.ABrighterPlace.com/collier . Guerilla Marketing - Sarasota, Lee, Collier, Glades and Charlotte Counties will be responsible to place advertisement Southwest Florida Marketing Communications Plan includes the following teaser ads placed at Southwest Florida Regional Airport and local business windows. Samples shown below: . Your business could be taking off here, too. . A lot of businesses are landing here, too. . Our business climate is sunny, too. . You could be on your lunch-hour now; not your vacation. . Move your business here. Think ofthe money you'll save on vacations. . Tan lines. Bottom lines. We're pretty good at increasing both. . Everything grows better around here. Especially business. Southwest Florida - W'ww.AhrighterPlace.com is placed at the hottom of each ad. It was noted the following marketing tools are included in the promotion: . Website to highlight successful businesses with videos and testimonials . Create "Bright Ideas" Newsletter . Promotional mailer with light bulb USB Port. Joseph Bouch stated the website is beginning to show early traffic results reflecting an increase of 70% since September, 2009. 16% of the traffic has gone to Collier County and 12% clicked all the way through to Collier County EDC. He also stated Collier County must market independently. . Stand alone plan . Strong public relation effort . Strong interactive program . Target trade shows. . Enhance - boiler plate . Reinforce media efforts Discussion ensued concerning cooperative advertising efforts with the Chamber of Commerce, NABOR and other organizations, and getting community leaders involved in the EDC to develop a long-range plan for the marketing. Commissioner Coyle expressed concern that the marketing program is complimentary to current marketing programs without conflicts and recommended coordinating efforts with existing program. 5 January 13,2010 IX. Economy by Design/Planning for 2010-2015 - William O'Neill and Robert Mulhere gave a slide presentation on major components of long range planning. The following are 6 Strategic Elements: o Business Expansion and Attraction o Economy Gardening o Project Innovation o Work Force Development o Marketing and Regional Branding o Administration and Investor Relations X. Commissioners - Questions and Concerns Commissioner Coyle suggested placing teaser ads near the private jet section of the airport to attract businesses to the area and to set short-term goals. Commissioner Henning stated Collier County can offer quality of life. Commissioner Halas stated he would like to see retired CEO's brainstorm. XI. Public Comments Hank Petro, who is opening a business in Naples, stated it takes money to move a business. Tax credits need to be going to businesses. He has been to EDC in both Lee and Collier Counties and asked the question; why do businesses move here? He received the same answer in both places; the CEO makes that decision. He suggested targeting CEO's. Jim Cosetta, owner of Forward Interactive, a multi-media business. He stated many business resources are available in Naples. The EDC was pro-active to help build his business. The EDC has some great minds and great opportunities and has helped him identify with other business sources in the area, enabling his company to conduct business with them on an ongoing basis. Commissioner Coletta recommended the EDC include the following groups in the Out Reach Program: · Non-business citizens . Concentrate on Mom and Pop businesses and try to retain them · Keep partnership up with SCORE ***** There being no further business for the good of the County, the Workshop was concluded by order of the Chairman at 3:53 PM. 6 January 13, 2010 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS '"M-W. ~ Commissioner Fred W. Coyle, airman ATTEST: DWIGHT E~ BROCK, CLERK f' <. ,C . ::'Jr. .' '; These Minutes were a~d by the Board/Committee on _.1J .9/ '20 I 0 , as presented J--' - or as amended. . 7 January 8, 2009 MINUTES OF THE MEETING OF THE BOARD OF COLLIER COUNTY COMMISSIONERS AND THE ECONOMIC DEVELOPMENT COUNCIL JOINT WORKSHOP Naples, Florida, January 8,2009 LET IT BE REMEMBERED that the Board of Collier County Commissioners and the Economic Development Council, in and for the County of Collier, having conducted business herein, met on this date at 9:00 AM in WORKSHOP SESSION in the Administration Building "F," 3rd Floor, Collier County Government Complex, Naples, Florida with the following members present: CHAIRMAN: Commissioner Tom Henning Commissioner Jim Coletta Commissioner Fred Coyle Commissioner Donna Fiala Commissioner Frank Halas ALSO PRESENT: James Mudd, County Manager Sue Filson, Executive Manager, BCC Office Co~ County ---~ - Collier County Board of Commissioners Economic Development Council of Collier County WORKSHOP JANUARY 8, 2009 9:00-12:00 p.m. Economic DeveloDment COUDell of Collier Countv 1. Welcome and Introductions II. Opening Remarks/DiscussioD III. Agenda . Collier County Strategic Focus Areas & Goals . A Proactive Approach to Our Future . Tbe Action Plan . Critical Questions . Where We are Today IV. Closiag Remarks January 8, 2009 Page 1 January 8, 2009 Chairman Tom Hennini! called the Workshop to order at 9:00 AM. The Pledge of Allegiance was recited. Self Introductions were made and Chairman Hennini! welcomed the participants. Economic Development Council: Tammie Nemecek, President - EDC William O'Neill, Roetzel & Andress, Esqs., Chairman - EDC Robert Mulhere, R W A, Inc. Brian Goguen, Barron Collier Partnership Julie Schmelzle, Bank of America Robert McMahan Openine: Remarks and Presentation by William O'Neill. EDC Chairman: He stated, at the conclusion of the 2008 Workshop, the participants were focused on the goal of improving and diversifying Collier County's economy. The purpose of the 2009 Workshop was to present the results of the joint efforts. A PowerPoint presentation was jointly made by Mr. O'Neill and Tammie Nemecek, EDe President. Copies of the presentation were distributed. Topics presented: . Goals - shared understanding of current economic conditions; consensus on the 2008 Action Plan; and the creation of a self-sustaining program to ensure consistent, high-value of economic development . Economy by Design ... Not by Default . Proactive Approach to the Future - Innovation - A New Path . Develop a Flexible and Comprehensive Action Plan - participate in determining the best way to develop a "Catalyst Project" Commissioner Fred Coyle is the Chairman of the Catalyst Project . Critical Questions What is the connection between quality of life and the creation of high-wage jobs? How to prevent a deteriorating economy from imposing a tax burden on homeowners? What is the game changing activity? What will it take to be successful in inspiring location and growth of catalyst companies? . Leadership Florida conducted the 2008 Sunshine State Survey and the most important issues facing the State of Florida, according to its citizens, are the economy and jobs. The Survey results indicated Floridians want the State and local government to offer incentives to attract, retain and re-locate businesses to the State. 2 January 8, 2009 · As part of its "Project Innovation Initiative," the EDC developed an economic scorecard as a tool to measure the economic vitality of Collier County. · Enterprise Florida defined eight regions of the State and outlined the primary industries for each which included aviation, aerospace, defense, IT, high-tech manufacturing, medical research and development, avionics, and deep water ports. · Collier County's industry is limited to tourism, retail and healthcare. . In Collier County the ratio of the taxable value of commercial property to residential property is 0.10% while in the South Central region it is 0.36%. · In order to improve the economic vitality, Collier County must create a culture to attract high-wage companies and an environment that supports workers. The Catalyst Initiative · Attract a catalyst company to provide a foundation for the creation of high- wage jobs with the ability to create 50 to 100 jobs initially, as well as the ability to add more jobs and sustain those jobs for 10 years. · Create a structure to allow for a self-sustaining economic development investment program by attracting similar and/or sustaining companies. · Create "Economic Development Zones" to induce job creation by providing land and/or buildings ready for build-out. · Workforce must be developed through the alignment of Kindergarten through College educational programs to meet industry requirements for skilled workers. Focus on Industry · Computer software and services . Health and life sciences . Clean Technology companies The Torrey Pines Institute for Molecular Studies, a biomedical research institute, recently opened in Port St. Lucie and was cited as an example of a successful relocation of a catalyst company: . Construction industry was revitalized; · 25 employees were hired initially, with 35 more employees by June, 2009; . Within 10 years, 189 jobs will have been created; · Average wage - $67,000.00; . $500,000.00 in equipment purchases; · A spin-off company, Mann Research Center, will begin construction of a $lOOM facility; · Over 80 meetings were generated as a result of the relocation and meeting attendees contributed to the local hospitality industry. 3 January 8, 2009 Local contributions: · $30M from the City of Port S1. Lucie for land and building . $IOM from S1. Lucie County · $6.5M from Florida Atlantic University · $32M from the State of Florida -Innovation Fund Self-Sustaining Funding · Economic Development Zone generates revenue for the County · The County allocates a portion of the revenue to the Economic Development Authority to act as the fiscal agent for the EDZ Next Steps for Collier County · Staffwi11 work with the EDC to implement the Catalyst Initiative and create the Economic Development Zone · Within 90 days, prepare a formal resolution with staff, for presentation to the Board of County Commissioners, outlining the Action Plan · Encourage community input and grass roots support for the Initiative Discussion: The Commissioners expressed concerns regarding: . The payment of Staffs time? Tammie Nemecek stated the EDC has worked with County Staff as part of its public/private partnership. The EDC would complete the ground work for Staffs review resulting in minimal impact on Staffs time. · The County's involvement regarding the acquisition ofland? Robert Mulhere stated the County would not be involved. Tammie Nemecek stated private landowners would be contacted. · Buildings - to be built or will existing be used? Tammie Nemecek stated most of the companies have utilized existing buildings while waiting for completion of new construction. Discussion ensued concerning Impact Fees, and whether or not Fees could be waived if a company relocated and utilized (vacant) existing buildings for which Impact Fees had already been paid. Also discussed was the potential amount of Staffs time that would be required. County Manager Mudd stated there were already incentives "on the books" that had not been fully utilized because they were not enough to attract new business. He stated he supported developing a mechanism to attract new business because the current system does not work. 4 January 8, 2009 Commissioner Coyle stated the County could offer shovel-ready parcels of land to be fast-tracked for development by cutting the permit and approval process by two to three years. Staff could assist the EDC by identifying the parcels of land that could be considered for development. Additional assistance would be requested from the legal community to develop the legal structure for the Economic Development Zone. There was further discussion concerning the Port St. Lucie project, what incentives can Collier County offer, the fiscal impact on the local economy, how to generate the required revenue, and how to obtain support for the concept of the Economic Development Zone from the general public. Brian Goguen stated the purpose of the EDZ was not to increase Ad Valorem taxes but to diversify the local tax base which will lower property taxes overall. Commissioner Coyle stated the tax base has been growing smaller due to the exodus of residents -- fewer households must pick up the burden. The goal is to attract high-wage industries to the area to strengthen the economy. Employees of the companies will be able to afford to buy homes. Discussion continued regarding locating sustainable revenue stream and possible contributions from the private sector as well as from government. Caution was expressed concerning zoning regulations which are very specific. A suggestion was made to examine each request to waive restrictions on a case-by-case basis. Another suggestion was to find an innovative way to shorten the review process. Commissioner Coyle stated companies must be offered the option to retro-fit an existing commercial building or to become part of a technology park. The company must be allowed to make the decision. The EDC should explore several options to entice companies to move to Naples in the short term and long range. He stated "time is money" to companies and Collier County must find a better way to make it easier for companies to relocate to the area. The structure must be developed first. He further stated a "working model" is almost impossible to develop but consideration to special circumstances must be given on a case-by-case basis. Tammie Nemecek stated opportunities exist for both State and Federal funding. Public Soeakers: Gina Downs presented a comparison between Duval and Collier Counties concerning different taxes and fees imposed as sources of additional revenue. There are no Impact Fees in Duval County. Duval County has obtained Federal and State grants, PIL T ("Payment in Lieu of Taxes") money and shared revenues on the local, state and federal level. She stated she hoped when the program is presented to the general public for its opinion that a fair assessment is presented rather than a 5 January 8, 2009 rather than a hard sell. She stated she was not sure about the direction the program would be taking. James Waterman, an architect, stated he is very familiar with the development process. He stated Naples is no longer a "sleepy little community and people should wake up." He suggested government and private developers work as a "team" to obtain faster results. Businesses look for the best deal as an incentive to relocate. An educated and skilled workforce is crucial to sustaining economic development. The review and approval process must be streamlined. Contacts should be made with Mexico and Latin America. He further stated that U.S. companies are taking advantage of foreign opportunities and Collier County should also. David Jackson, Executive Director of the Bayshore/Gateway Triangle eRA, stated he supported the project. He proposed a potential solution: the EDC and BCC should consider the Bayshore/Gateway Triangle area as the location for the first/pilot project. He has an economic plan in place, a TIP is in place, funding (in reserves) is in place, staff is available, a zoning overlay is in place and infra- structure is in place. There arc over 1,800 acres located in central Collier County ready to evolve into the EDZ. c.J. Houston, Chair of the Board of the Greater Naples Chamber of Commerce, stated the members of the Chamber support Project Innovation and it should be implemented in a timely fashion. She encouraged the BCC to think "outside the box" and to also remember that current businesses in the area are struggling and need support. Collier County must diversify so its residents can maintain a quality of life. Bob Murray, East Naples Civic Association, compared the situation in Naples to an individual who is bleeding badly and destined to die. The EDC has addressed the bleeding and needs bandages, i.e., the means to put the process in play. The leaders of the community have decided that "something" must be done. He stated, "If we are not careful, this sleepy little backwater will become a destitute little backwater. We must act now." Gary Price stated it is time to focus on making changes. He supports the Project and suggested that government and the private sector must work together. He stated, "The cost for the Project is the highest and best use of tax dollars because the cost to the citizens of Collier County, if nothing is done, will be far greater." Commissioner Coyle stated Project Innovation was designed to obtain public support for the concept of diversification of the economy. He further stated it was important to make the public aware that no one was interested in destroying the present character or way of life in Naples. Chairman Henning stated the EDC was requesting the Bec approve its request for Staff to review the proposed formal resolution. 6 January 8, 2009 Tammie Nemecek stated the EDC would prepare the Resolution for review by Staff prior to presenting it to the BCC for action. The EDC would also work with the County Manager and County Attorney's office regarding the legal structure. Robert Mulhere stated Mr. Jackson had presented an interesting option and it wilt be one of the areas to be considered. He further stated the Project will examine all of the options and locations as part of the process. Chairman Henning questioned whether or not an Economic Development Zone had been created in Immokalee. Tammie Nemecek stated there was an Enterprise Zone in Immokalee which was different from the Economic Development Zone which is a locally created program. Commissioner Coletta stated he will be very interested to see what will be recommended by Project Innovation. Commissioner Coyle asked the directive be revised to task Staff to work with the EDC to recommend potential locations for EDZ development and Staff would retain its ability to make independent recommendations to the BeC concerning the Project and the potential locations. There being no further business for the good of the County, the Workshop concluded by order of the Chair at 10:40 A.M. COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS ,." ,/" . g, Chairman ",-'cq" , ..,~~\' ~ ......... un,. Th'~!"M:rnutes were approved by the Board/Committee on as presented V , or as amended ~ ID,1aR, 7 January 8, 2008 MINUTES OF THE MEETING OF THE BOARD OF COLLIER COUNTY COMMISSIONERS AND ECONOMIC DEVELOPMENT COUNCIL JOINT WORKSHOP Naples, Florida, January 8, 2008 LET IT BE REMEMBERED that the Board of Collier County Commissioners and the Economic Development Council in and for the County of Collier, having conducted business herein, met on this date at 9:00 AM in WORKSHOP SESSION in the BCC Chambers, 3rd Floor, Building "F," of the Government Complex, Naples, Florida with the following members present: CHAIRMAN: Commissioner Jim Coletta Commissioner Frank Halas Commissioner Fred Coyle Commissioner Donna Fiala Commissioner Tom Henning ALSO PRESENT: Tammie Nemecek, President and CEO, EDC Carlos Diaz, Gulf Coast American Fabrication Julie Schmelzle, Chairman of the Board, EDC Richard Grant, Grant, Friedkin, Esqs. William O'Neill, Roetzel & Andress, Esqs. Jeff Allbritten, Edison College - Collier Campus Brian Goguen, Barron Collier Partnership Terry McMahan, Hodges University Richard Pegnetter, Florida Gulf Coast University Robert Mulhere, RWA, Inc. Jim Mudd, County Manager Sue Filson, Executive Manager, Bee Office January 8, 2008 I. Call Meeting to Order Chairman Coletta called the Workshop to order at 9:00 AM. II. Welcome, Self-Introductions and Opening Remarks Chairman Coletta welcomed the participants. Self-introductions were made. Chairman Coletta turned the meeting over to Julie Schmelzle. Julie Schmelzle, EDC Chairman of the Board, outlined expectations for the collaborative meeting between the BCC and the Economic Development Council. One of the purposes was to share information. She referenced 'economic development' as one of the components of the Collier County Strategic Plan which was adopted by the BCC in 2006. The goal was to create a business climate that promoted a diversified economy with potential for growth. The objectives were to develop a tax base that distributed property tax equitably throughout the County; to retain existing business; to attract new business and industry; and to create additional jobs with wages that met or exceeded the national average. The PowerPoint presentation entitled, "A Community by Design ... Not by Default, " was given with the following points: . Changing population of Collier County · Critical need for community cooperation in order to keep existing businesses in business · Attracting desirable new business/industry that will enhance the community · Proactively targeting industries that the community wants to attract III. What Makes Good Communities Great Jay Gamer, President of Competitive Strategies Group, LLC, gave a Power Point presentation entitled, "Understanding What Makes Good Communities Great." His presentation made the following points: · The competition between communities to attract investment and business . The process developed by his firm to assist various corporations investigate areas of the country in order to evaluate which community offered the greatest potential to support a corporation's development and/or expansion goals · 18,900 municipalities are presently competing for business opportunities in the United States Members of the Bec asked questions concerning leading corporate "wants." Mr. Gamer stated he could not provide a list of the "top ten" because of the variety of corporations he has represented and the individual needs for each. He cited the "charm factor" ofa community - i.e., appearance and aesthetics- as a component that influenced the decisions made by his clients, as well as: · Local community leaders demonstrating the desirability of living in 2 .January 8, 2008 their specific County · The unified involvement of the community to offer incentives, such as affordable housing, quality educational institutions and recreational amenities, in order to "seal the deal." BREAK: 10:25 AM RECONVENE: 10:37 AM SPEAKERS: Robert Murray stated another key component is the vision of the members of the BCC. He stated he hoped the Commissions would accept the information presented and the suggestions of the EDC. He emphasized the need for diversity, as well as specifically targeting "clean" industry to come to Collier County to strengthen the local economy. IV. Eeonomie Outlook & Cluster Development Gary Jackson, FGCU Regional Eeonomie Research Institute (Was not present) Tammie Nemecek, EDC President & CEO, gave the presentation developed by Dr. Gary Jackson, Director of Florida Gulf Coast University's Regional Economic Research Institute entitled, "Economic Outlook and Cluster Development." (Dr. Jackson was delayed.) The presentation: . Defined the term, "cluster" · Compared traditional with emerging clusters, their interconnectivity and how they assist each other's productivity · Presented research focused on business and financial services, building manufacturing services, distribution services, software and computer services, and medical ("life sciences") applications and services V. What is a Catalyst Tammie Nemeeek, EDC President & CEO, gave a presentation entitled, "What is a Catalyst?" The presentation: · Explored the partnering of public and private entities · Cited the direct and indirect economic impact of these partnerships · Outlined the jobs that were created over a five-year trend · Cited the successful building of a biotechnical/pharmaceutical cluster in the San Diego/La Jolla community · Compared the similarities between Naples and San Diego/La Jolla · Reviewed the efforts of other Florida communities to attract entities · Outlined the growth of related companies to the anchor entity VI. Education as a Critical Component Dr. Richard Pegnetter, President of Florida Gulf Coast University, gave a 3 January 8, 2008 presentation entitled, "Education as a Critical Component." The mission of the educational component is to: . Identify the needs of the business, financial and industrial clusters . Develop programs and specialized courses to provide the educated workforce to support the continued growth of these industries. . Foster cooperation among the local educational institutions, i.e., Edison College, Ave Maria University, Hodges University, and FGCU VII. The Action Plan Julie Schmelzle, EDC Chairman of the Board, presented an Action Plan to the BCC: To establish a committee to spearhead a "Catalyst Project." . Will individually meet with the top employers in Naples to obtain their input and suggestions to improve the business climate. . Have active participation from the members of the BCC in working groups and on Advisory Boards VIII. BCC Discussion a. Commissioners expressed concern about how to attract business to Collier County. . Negatives include highest land costs, highest taxes and high impact fees. . What could be done because the likelihood of reducing these costs was negligible. . Concern was also expressed about the lack of participation by State officials An example cited was Town of Immokalee which has been targeted for anticipated growth but lacks a rail line for transportation of goods. Obtaining a rail connection and the required land corridor necessitates State approval and funding. . Flexibility and the ability to adapt to the needs of targeted industry are key to being able to attract new entities to the area. . Suggestion: scheduling a Workshop, in conjunction with the Regional Planning Council, with State and Federal representatives, as well as neighboring county officials, to discuss the issue of "regionalism" and how cooperation among the counties can strengthen economic development throughout Southwest Florida. There being no further business for the good of the County, the Workshop concluded by order of the Chair at 11 :50 AM. ***** 4 January 8, 2008 RECEIVED JAN 1 8 2008 There being no further business for the good of the County, the Workshop l30ard of county CommlssiOnel$ concluded by order of the Chair at 11 :50 AM. ***** COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS d~~ Ja s Coletta, Chairman Attest: ' ; '::.~' Dwight E. Brock,>Clerk " ..., ..' ,,~., ;....to..~...... , s 1 Qnatur'"f;', oa:U'- - These Minutes were approved by the Board on l- ~ - dOO\( , as presented V , or as corrected 5 ,_..._~-_.~..----_._------- ,- -.-...-.'...--.----.. Scorecard 2010 Florida Economic Scorecard ~rJF ECONOMIC DEVELOPMENT FOUNDATION Supporting Ihe Growth of Great Ideas " Economic Development Foundation, lnc. ~050 North Horseshoe Drive, Suite 120 Naples, FL 34014 (239) 263-8989 I Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Economic Development Foundation The purpose of the Economic Development Foundation (EDF) is to support economic development initiatives that result in opportunities to expand and diversify the regional employment base. The Foundation will support these initiatives through education and research programs that will help develop and offer the methods and techniques by which entrepreneurs and business owners can enhance their personal abilities to grow, diversify and enhance the outcomes of their enterprises. Its specific mission is to nurture business enterprises currently operating in the region in ways that will enable these firms to: _ Expand their employment rolls, especially through the addition of positions that feature both talent requirements and compensation that are above the prevailing average in the region. _ Diversify their product and service offerings in ways that contribute to the enterprises' long-term growth and viability as the economic profile of the region matures. , _ Cultivate new extra-regional markets in ways that will generate export revenues. . Increase profitability so as to enable entrepreneurs and business owners to expand their contributions to the local public welfare. PROGRAMS While most of the programs of the Foundation are directed to the individuals and enterprises that are endeavoring to stabilize, grow and diversify (or rehabilitate) existing enterprises, the Foundation is also attentive to the evolving needs of the community and will provide support wherever feasible and prudent, to include, but not limited to: . Education . Research . Fundraising for Economic [),'veloprnent Initiatives 2 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Florida Regions -,,,* . Source: Enterprise Florida 3 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Overall Score The overall score of the Florida Economic Scorecard is a composite measure that totals the seven key areas covered in this report. The seven categories are equally weighted and are used to compare the Southwest Florida region to the seven other regions. The seven economic categories used in the report are: I. Employment and Workforce; 2. Income and Productivity; 3. Housing; 4. Innovation; 5. Education; 6. Transportation; and 7. Entrepreneurship. Each economic category includes three to five indicators used to measure competitiveness. Each Florida region is ranked one through eight for each indicator, with one being the best position and eight being the worst. The 2010 Florida Economic Scorecard is the third edition of this report and is used to measure progress since the second edition was released in 2009. The geographic boundaries of the eight regions of Florida are defined by Enterprise Florida as: · Southwest Florida consists of Collier, Lee, and Charlotte counties; · Northwest Florida consists of Bay, Calhoun, Escambia, Franklin, Gadsden, Gulf, Holmes, Jackson, Jefferson, Leon, Liberty, Okaloosa, Santa Rosa, Wakulla, Walton, and Washington counties; · North Central Florida consists of Alachua, Bradford, Columbia, Dixie, Gilchrist, Hamilton, Lafayette, Levy, Madison, Marion, Suwannee, Taylor, and Union counties; · Northeast Florida consists of Baker, Clay, Duval, Flagler. Nassau, Putnam, and S1. Johns cou nt ies: · East Central Florida consists of Br{'vard, Lak{'. Orange, Osceola. Seminole, Sumter. and V olusia counties; · Tampa Bay Florida consists of Citrus, Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk, and Sarasota counties; · South Central Florida consists of Desoto, Glades, Hardee, Hendry, Highlands, and Okeechobee counties; and · Southeast Florida consists of Broward, Indian River, Martin, Miami Dade, Monroe, Palm Beach, and S1. Lucie counties. The nation as a whole has experienced an economic downturn that began in December 2007. Florida has been more adversely affected than many other states in the country due to the large amount of speculative home buying that took place between 2000 and 2006, and each of its regions has felt various levels of pain. The Southwest Florida region tied sixth with Northeast and South Central regions. This is an improvement over the 2009 scorecard where the Southwest Florida region placed last in eighth place. While improvements have been made in several of the indicators and categories, there are numerous opportunities for improvement. 4 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Southwest Florida ranked eighth for the second straight year in the Employment and Workforce category, with a high unemployment rate contributing to this last-place finish. Southwest Florida also received eighth place for the second year in the Income and Productivity ranking, with a decrease in Gross Metropolitan Product contributing to the finish. Southwest Florida ranked second in the Housing category which was an increase in the previous year's third place ranking with an increase in housing permits and affordable single-family homes. Southwest Florida took seventh in the Innovation category for the second year in a row due to the lack of venture capital and patent support within the region. Southwest Florida fell from fifth place to sixth place in Education even though graduation rates and FCA T scores increased. Southwest Florida placed second in the Transportation category for the second straight year, which remains a strong economic indicator due to the short commute times. Finally, Southwest Florida placed fifth in Entrepreneurship, falling from 2009's fourth place ranking with low venture capital and stage 2 job creation contributing to this finish. 5 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Overall North East Tampa South Southwest Northwest Central Northeast Central Bay Central Southeast 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 Employment and Workforce 8 8 2 5 3 2 4 4 6 7 6 6 1 3 5 Income and Productivity 8 8 7 4 3 6 4 3 4 5 6 5 1 Housing 2 3 4 5 7 7 4 3 4 2 8 6 2 7 Innovation 7 7 2 2 6 5 3 6 4 4 8 7 4 3 Education 6 5 4 5 3 7 6 2 2 3 4 8 8 6 Transportation 2 2 6 6 3 8 7 7 7 3 3 1 4 3 4 Entrepreneurship 5 4 8 6 6 5 4 3 2 7 7 2 8 3 Overall Score 38 37 31 26 25 26 38 27 24 30 33 32 38 35 15 29 Overall Rank 6 8 4 1 3 1 6 3 2 5 5 6 6 7 1 4 6 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Employment and Workforce --~ Ranked 8t Commentary Southwest Florida ranked eighth for the Employment and Workforce category. Between 2009 and 2010, Southwest Florida experienced a decrease in its labor force, a large job loss, and an increase in the unemployment rate. Job Creation- Ranked 5th Job creation is defined as the number of jobs gained or lost from the previous year. The Southwest Florida region suffered a loss of 18,155 jobs between the first quarter of 2009 and the first quarter of 2010. Between 2008 and 2009, Southwest Florida lost 36,785 jobs. Southwest Florida ranks fifth in employment and workforce. In 2010, no region experienced an increased in employment. Job Growth Rate- Ranked 6th Job growth is measured as the percent change of all non-farm employment between the first quarters of 2009 and 2010. Southwest Florida lost four percent of its non-farm employment, ranking sixth in the job growth rate indicator. Between 2008 and 2009, Southwest Florida finished eighth, losing 7.6 percent of its non-farm employment. During 2010, no regions experienced positive job growth. Unemployment Rate- Ranked 8th Unemployment is defined and measured by a region's labor force that is not employed and is actively seeking work. Southwest Florida's unemployment rate increased from 11.1 percent in 2009 to 13.) percent in 2010. The region still ranks eighth in unemployment rate. All regions experienced an increase in their unemployment rates during the year. Labor Force Growth Rate-Ranked 61h Labor force growth rate is defined as all nonmilitary labor force that is officially employed or unemployed. During 2009 and 2010, Southwest Florida's labor force shrunk by 1.3 percent, indicating that workers are either becoming discouraged or seeking employment elsewhere. The region placed sixth as East Central Florida, North west Florida, Northeast Florida, and Southeast Florida recorded positi ve growth in their labor force. 7 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Employment and Workforce Southwest Northwest North Northeast East Tampa South Southeast Florida Florida Central Florida Central Bay Central Florida Florida Florida Florida Florida Number of Jobs Created Rank 5 2 4 3 6 7 1 8 Data -18,155 -9,322 -17,347 -15,834 -42,130 -64,028 -8,270 -68,632 . Job Growth Rate Rank 6 1 7 2 4 5 8 3 Data -4.06% -1.49% -4.82% -2.35% -2.81 % -3.63% -7.88% -2.40% Unemployment Rate Rank 8 1 3 5 4 7 6 2 Data 13.50% 10.14% 11.93% 12.39% 12.07% 13.13% 12.65% 11.60% Labor Force Growth Rate Rank 6 3 7 2 4 5 8 1 Data -1.39% 0.80% -1.61 % 0.92% 0.21% -0.60% -4.57% 1.07% Score 25 7 21 12 18 24 23 14 Rank 8 1 5 2 4 7 6 3 *Employment and Workforce data is from Qi 2010 and Qi 2009 8 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Income and Productivity Commentary Southwest Florida ranks eighth overall for the Income and Productivity category. Contributing to this last place finish is a negative per capita income growth rate, slow wage growth, and a strong dependence on residential property taxes. Ranked 8 th Average Wage Growth- Ranked 7th A verage wage growth is the change in annual wages received from 2007 to 2008. Southwest Florida ranks seventh overall realizing a 3.8 percent increase growth in wages. This region previously placed third with a 3.2 percent increase from 2006 to 2007. All regions experienced a increase in growth of wages with South Central leading the way experiencing a 10.4 percent increase. All annual wage data is trailing by 12 months. Absolute Average Wage- Ranked 5th Absolute wage is the actual realized amount received in wages from a region in 2008. Southwest Florida ranks fifth in absolute terms with $39,505. In 2007 the Southwest region previously ranked third with $38,102 in absolute wages. South Central Florida finished last with only $30,066 in realized absolute wages. Per Capita Personal Income Growth Rate- Ranked 8th Per capita personal income growth is defined as the percentage change in the amount of income generated on a per-person basis for each region from 2007 to 2008. Southwest Florida suffered a loss of 1.6 percent in per capita income growth for 2008, finishing last among all regions. This is in stark contrast to 2007 when Southwest Florida generated a 2.9 percent increase in per capita income and placed sixth. South Central Florida finished first with 4.8 percent growth in income for 2010. Gross Metropolitan Product Growth Rate- Ranked 7th Gross metropolitan product is measured by the dollar value of all final goods and services produced in a metropolitan area. Southwest Florida placed seventh, experiencing a loss in metropolitan gross product of 5.6 percent. In 2007 Southwest Florida finished seventh, realizing the only decrease in gross product by a metropolitan area. Data is not available for the South Central Region. Taxable Value of Commercial to Residential Property Ratio- Ranked 8th Taxable value of commercial to residential property is a ratio that defines the general relationship of property value between commercial and residential taxable property. Southwest Florida taxable value ratio is 0.17, providing a last-place finish for this indicator. Six of the Florida regions had a ratio at or above .30, with the Southeast region having the highest ratio of .37. A commonly accepted benchmark is that it costs $0.75 for local government to service $1.00 of commercial taxable property, while it costs $1.15 to service every $1.00 of taxable residential property. If we add more commercial development, it should reduce the burden on residential taxable property. 9 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Income and Productivity Southwest Northwest North Central Northeast East Tampa South Southeast Florida Florida Florida Florida Central Bay Central Florida Florida Florida Florida Average Wage Growth Rate Rank 7 4 2 6 8 3 1 5 Data 3.89% 5.88% 7.16% 4.56% 0.42% 6.77% 10.41% 5.59% Absolute Average Wage Rank 5 6 7 2 3 4 8 1 Data $39,505 $37,194 $34,693 $41,526 $40,508 $40,014 $30,066 $47,474 Per Capita Personal Income Growth Rate Rank 8 7 1 5 3 4 2 6 Data -1.62% -0.14% 4.95% 2.44% 4.23% 2.80% 4.89% 0.17% Gross Metropolitan Product Growth Rate Rank 7 2 3 5 1 6 7 4 Data -5.66% -0.16% -0.93% -2.11 % -0.07% -2.39% N/A -1.61% Taxable Value of Commercial to Residential Property Ratio Rank 8 7 6 2 2 5 4 1 Data 0.17 0.25 0.30 0.36 0.36 0.33 0.35 0.37 Score 35 26 19 20 17 22 22 17 Rank 8 7 3 4 1 5 5 1 *Income and Productivity data is from 2008 and 2007 10 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Housing Ranked 2nd Commentary Southwest Florida received second place in the Housing category for the 2010 Florida Economic Scorecard, in front of South Central, Tampa Bay, East Central and Southeast Florida. Florida has experienced extreme pain in the housing market and was in the top four states for most foreclosures along with California, Nevada and Arizona for first quarter 2009. Housing Permit Growth Rate- Ranked 2nd Permit growth is measured as the percentage of all residential housing starts from 2009 to 2010. Southwest Florida experienced significant growth for the period after a difficult 2009 in which all regions suffered negative growth in housing permit growth. Southwest Florida placed second with an impressive 95.5 percent growth rate in housing starts for 2010. All regions other than Northeast Florida experienced positive growth as the economy continues to make its slow recovery from the recession. Single-Family Home Affordability- Ranked 5th Home affordability is defined by a region's household income and median price of a single-family home. The ratio is designed to measure the ability to purchase a single-family home. Southwest Florida placed fifth for a second straight year in single-family home affordability. From 2009 to 2010, the median price for a single-family home fell 5% to approximately $142,876 with an average household income of $52,244. These statistics have improved since 2009, making homes in the Southwest Florida more affordable as the housing market continues to work towards stability. II Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Housing Southwest Florida Housing Permit Growth Rate Rank 2 Data 96.54% Northwest Florida 1 149.18% Single Family Home Affordability Ratio Rank 5 7 Data 37.46% Score 7 2 Rank 20.68% 8 4 3 52.25% 1 64.40% 4 1 ":Housing data is from 2010 and 2009 Northeast Florida 8 -37.54% 6 36.87% 14 7 4 5 7 37.28% 12.32% 0.00% 4 3 8 46.69% 47.57% N/A 8 4 8 4 15 8 12 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Southeast Florida 5 19.08% 2 50.85% 7 2 Innovation Ranked 7th Commentary Southwest Florida ranked seventh for the Innovation category. Southwest Florida, with only one major university, is at a disadvantage in comparison to many of the other regions studied, with several major universities expending large amounts in R&D and receiving National Science Foundation awards. Patents per 1,000 Workers- Ranked 8th Patents are defined as the exclusive right granted by a government to an inventor allowing the entity to manufacture or sell an invention for 20 years. Southwest Florida received eighth place for this indicator with 0.27 patents per 1,000 workers from 1997 to 2006; East Central Florida received first with 4.05 patents per 10,000 workers. University R&D per Worker- Ranked 6th University R&D is measured by the number of research and development investment made by each of the respective region's universities on a per worker basis. Southwest Florida ranked sixth for the second year in row with $6.75 invested in R&D compared to $6.93 per worker the previous year. A noteworthy region to mention is North Central Florida where the University of Florida spent $584 million in R&D, placing first for this category with $1,501 per worker. National Science Awards per Worker- Ranked 5th National Science A wards are measured by a region's ability to generate funding through scientific innovation. It encompasses the amount of money produced through each respective university's and college's scientific program on a per person basis. Southwest Florida ranked fifth overall in 20ra's national science awards with $0.95 per worker awarded to the region's colleges and universities. In the region's fifth place finish, Florida Gulf Coast University was able to receive approximately $450,000 in science awards. This is a vast improvement over 2009'S last place finish in which Southwest Florida did not receive any awards. A noteworthy region to mention is Northwest Florida in which Florida State University received over $132 million in science awards. Philanthropic Support per Worker- Ranked 7th Philanthropic support is defined as the region's income generated by non'profit organizations. It is measured on a per worker basis to account for sizc variations over the eight regions. Southwest Florida placed seventh for the second straight year with $7,204 per worker in philanthropic support. This is a slightly down from 2009'S $7,685 per worker of support generated. 13 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Innovation Southwest Northwest North Northeast East Tampa South Southeast Florida Florida Central Florida Central Bay Central Florida Florida Florida Florida Florida Patents per 1 ,666 Workers Rank 8 3 4 2 1 6 7 5 Data 0.27 1.31 1.24 1.77 4.05 .89 .29 .90 University R&D per Worker Rank 6 2 1 7 5 3 8 4 Data $6.75 $307.89 $1,501.14 $5.44 $74.15 $142.31 $0.00 $122.65 National Science Awards per Worker Rank 5 1 2 7 4 6 7 3 Data $0.95 $197.19 $17.39 $0.00 $1.41 $0.93 $0.00 $2.14 Philanthropic Support per Worker Rank 7 3 4 6 2 8 5 Data $7,204 $21,248 $15,074 $14,329 $9,943 $17,236 $3,504 $11,211 Score Rank 26 7 7 1 10 2 20 6 16 3 17 4 30 8 17 4 *Innovation data is from 2009 and 2008; Patent data is from 1997-2006 14 Economic Development Foundation, Ine. Florida Economic Scorecard 2010 Education Ranked 6th Commentary Southwest Florida ranked sixth in the Education Category. While Southwest Florida struggles to compete with other regions for degrees conferred per worker, it has maintained a strong high school graduation rate ana percentage of FCA T examinees receiving passing scores. Percent of 10th Grade Math FCA T Examinees Placing at Level 3-5- Ranked 7th The Florida Comprehensive Assessment Test' (FCAT) is part of Florida's overall plan to increase student achievement by implementing higher standards. This indicator measures the percentage of 10th grade students earning a level 3 or higher on the mathematics portion of the test. As mathematics is the foundation of an innovative economy, it is important to track the progress and mathematical abilities of students. Southwest Florida placed seventh with North Central Florida and East Central Florida having 71 and 73 percent of their students score 3 or better on the math portion of the FCA T respectively. Despite slipping from 2009'S fourth place finish with 65.85 percent of its students scoring 3 or higher on the math portion of the test, Southwest Florida's FCA T scores increased from 2009. High School Graduation Rates- Ranked 4th High school graduation is a measure of a region's percent of private and public high school students who graduate in a given year. Southwest Florida tied for fourth overall in high school graduation with 79 percent of its high school student population graduating for 2009. Despite falling in the rankings, Southwest Florida managed to improve its graduation rate for the third straight year, increasing about 6 percent since the 2006 and 2007 school years. Mean SA T Scores- Ranked 4th The SA T is now comprised of three parts: I) Math, 2) Critical Reading, and 3) Writing, with a total possible score of 2,400. Southwest Florida ranked fourth in mean SA T, remaining fairly steady with an average SA T score of 1,451. In 2008 the Southwest Florida placed fifth with a mean SA T score of 1,466. Associate and Bachelor Degrees Conferred per 1000 Worker- Ranked 71h According to the U.S. Census Bureau, salaries for individuals with an Associate's degree are 26 percent higher than those with only a high school diploma, and salaries for individuals with a Bachelor's degree are 72 percent higher than those with only a high school diploma. Southwest Florida placed seventh in this category with 4.31 people out of every thousand with an associate's or bachelor's degree. Data was not available for South Central Florida. Graduate and Doctorate Degrees Conferred per 1000 Worker- Ranked 7th According to the U.S. Census Bureau, salaries for individuals with a master's degree are 105 percent higher than those with ani y a high school diploma, and salaries for individuals with a doctoral degree are 194 percent higher than those with only a high sc hool diploma. Southwest Florida placed seventh in this category with .48 people out every thousand in the region have a master's or doctoral degree. Data for the South Central Florida region was not available. 15 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Education North Central Florida "",,' '''''''''''''lM--'' ,," -'"--',,-------'-'- --- ------,,------------~--,,- !:~cent_g!1Q 9r~9_E:lI\t1_~!b_fS~T~>.<~!ll_i,I1_~~ !:laSin9 ~E:lY~_L~:5 Rank 7 2 5 ^'^NN_..^'..... ". .....' _._." ..~NN'o ~^._.'..H".' _".'^" _', __',..'..~." Data 70.68% 74.84% 70.85% 6 70.84% 3 73.57% 4 72.00% 8 67.21% 1 82.85% ,',..'..__,,',', _._..__..... .,' "...... .'.' ... ...... 'H'ry !:!ig~~c:hool Graduation RCi!e Rank 4 ,,"~---, -.-'-'-,' -~'," Data 79.25% 2 6 7 1 3 8 5 82.44% 78.23% 75.74% 83.78% 81.63 73.60% 78.850/0 Mean SAT Score Rank Data 4 1,451 5 1,369 7 1,248 6 1,364 2 1,475 3 1,471 8 1,148 1 1,499 Associate and Bachelor Degrees Conferred per 1000 Worker Rank 7 4 5 Data 4.31 17.98 12.54 6 6.71 2 32.37 3 23.85 8 0.00 1 45.07 Graduate and Doctorate Degrees Conferred per 1000 Worker Rank 7 5 2 Data 0.48 3.82 5.57 6 1.03 3 5.09 4 4.22 8 0.00 1 12.28 Score Rank 29 18 25 6 4 5 *Education data is from the 2007'2008 school year 31 7 10 2 17 3 40 8 9 1 16 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Transportation Commentary Southwest Florida received second place for the Transportation category, up from fifth place in this category in the 2008 scorecard. Transportation efficiency has become very important as the United States continues to work toward less carbon emissions from vehicle congestion. Ranked 2nd Average Daily Density on Public Roads- Ranked 4th This metric is calculated by dividing the daily vehicle miles traveled by the total road miles of each region. A lower number represents less density on the roads, which is indicative of a more efficient transportation system where people carpool and/or use public transportation. Southwest Florida placed fourth overall with 3,841 miles traveled, leading to a very efficient transportation system. This measure vastly improved from 2009's fourth place finish with 4,047 mile traveled, showing increased improvements in its public transportation. Commute Time- Mean Travel Time to Work- Ranked 3rd This data is from the American Communit)' Survey conducted b)' the U.S. Census Bureau and is reported on a per county basis. To account for size variations, each county's commute time is weighted by the number of workers in each region. Southwest Florida tied for third with a mean commute time of approximately 26 minutes. In 2009 the mean commute time for the region was approximately 24 minutes indicating that people were seeking work farther from home in 2008. First place was a tie between Northwest Florida and North Central Florida with a mean commute time of approximately 25 minutes. Vehicle Miles Traveled per Capita- Ranked 31d Vehicle miles traveled (VMT) is defined as the daily miles traveled on all public roads by any type of vehicle regardless of the number of persons in the vehicle. A lower number indicates greater efficiency in accessibility, public transportation, and the walkability of a community. Southwest Florida placed third with 30.47 VMT per capita. This is a vast improvement from 2009'S third place finish with 32.35 VMT per capita, indicating improved access to means of travel. Transit Ridership as a Percent of Population, Ranked 61h This metric is a measure of the percentage of population on a per count y basis for each region that uses public transportation. Southwest Florida placed sixth in transit ridership, having.34 percent of its population using public transit. Southeast Florida remains first for two years in a row with 1.40 percent of its population using public transit. 17 Economic Development Foundation, Ine. Florida Economic Scorecard 2010 Transportation Southwest Northwest North Northeast East Tampa Florida Florida Central Florida Central Bay Florida Florida Florida ~ A~'. _A~_ .,_ - .....~,__,_._ ,'_'-'_' .,"",~ A ~\lE:l.ra.9E:l Daily Del1!3ity on Public Roads Rank 3 2 5 7 6 1 8 Data 3,841 2,499 2,295 4,144 5,533 4,772 1,825 7,373 Commute Time- Mean Travel Time to Work Rank 3 1 Data 26 25 Vehicle Miles Traveled per Capita Rank 3 Data 30.47 7 36.71 Transit Ridership as a Percent of Population Rank 6 8 Data 0.36% 0.27% Score Rank 16 2 19 6 Transportation data is from 2008": 1 25 8 40.73 7 0.33% 18 3 6 28 6 33.22 4 0.48% 21 8 6 28 4 30.96 3 0.63% 20 7 2 27.52 5 0.45% 5 27 3 26 8 30 5 33.02 1 24.77 2 1.19% 1 1.40% 18 3 11 1 18 3 18 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Entrepreneurship Commentary Entrepreneurship for the Southwest region ranked fifth among all other regions. Southwest Florida experienced a decline in venture capital and stage 2 job creation as the region is still recovering from the real estate crisis. Despite the recession and real estate crisis, the number of stage 2 firms has increased from 2006 through 2008. Ranked 5th Venture Capital per Worker- Ranked 4th Venture capital is where high net worth individuals and firms fund early-stage, high-potential growth companies with the expectation that these companies will eventuall y become publicly traded. Southwest Florida placed fourth in the category with $9.89 in venture capital per worker. This is down from 2009's first place finish with $81.64 in venture capital. All regions experienced overall declines in venture capital due to the current banking crisis and pessimism in the financial markets. Stage 2 Establishment growth- Ranked 4th Stage 2 establishments are defined as developing companies with 10 to 99 employees. Stage 2 establishment growth is measured as the percentage change of all stage 2 establishment start-ups between 2007 and 2008. Southwest Florida ranked fourth with a 1.58 percent increase in stage 2 companies in 2008. This is a great improvement from 2007'S seventh place finish recording a .41 percent increase in stage 2 companies. Stage 2 Job Creation- Ranked 5th Stage 2 jobs are defined as the amount of employment oppurtunities that are derived from stage 2 company start'ups. Stage 2 job creation is measured by the amount of stage 2 jobs gained or lost from the previous year. Southwest Florida ranked fifth in this category with 509 stage 2 jobs created in 2008. This is an improvement from 2007's sixth place finish with 580 stage 2 jobs created. Stage 2 Job Growth- Ranked 5th Stage 2 job growth is measured as the percentage change of all stage 2 jobs created from 2007 to 2008. Southwest Florida placed fifth with .76 percent increase in stage 2 jobs created from 2007 to 2008. Stage 2 job growth in 2006 to 2007 was a slightly stronger realizing a .87 percent increase in such jobs. 19 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Entreprenuership Southwest Northwest North Northeast East Tampa Florida Florida Central Florida Central Bay Florida Florida Florida ~ "' Y~I1~LJre 9tlpittll per Worker Rank 6 2 6 5 1 6 3 Data $9:76 $0:00 $35.65 $0:00 $6:61 $47.66 $0.00 $25.35 ~t~ge 2 Establishment Gro~h Rank 4 H<_' <0.. Data 1.58% 8 0.34% 6 0.54% Stage 2 Job Creation Rank 5 Data 509 6 9 6 -85 Stage 2 Job Growth Rank 5 Data 0.76% 6 0.04% 7 -0.35% Score 18 Rank 5 26 8 21 6 *Entrepreneurship data is from 2008 and 2007 3 1.63% 4 622 4 0.77% 17 4 5 1.45% 3 1,086 3 1.15% 16 3 7 0.49% 8 -0.38% 2 2.92% 1 6.58% 8 -402 2 9,181 1 18,928 2 2.60% 1 6.90% 24 7 12 2 6 1 20 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Sources Employment and Workforce I. Bureau of Labor Statistics, Local Area Unemployment Statistics Program, hup:/ /www.bls.l!ov/lau/#data Income and Productivity I. U.S. Bureau of Economic Analysis, Regional Economic Information System, http://www.bea.l!ov/ 2. Gross Metropolitan Product data for South Central Florida is from Florida Agency for Workforce Innovation, Quarterly Census of Employment and Wages. 3. U.S. Department of Revenue, Property Tax Oversight, 2008 Taxable Value of Real Property by Category Part 1 & 2, hup:/ /dor.myflorida.com!dor/property/08FLpropdata.Ddf Housing I. U.S. Census Bureau, Housing Units Authorized by Building Permits, hup:! / censtats.census.l!ov/bldl!/bldl!prmt.shtml 2. National Association of Realtors, Metropolitan Area Existing-Home Prices, www.realtor.orl!/research.nsf/pal!es/metroprice 3. Median Income data is from U.S. Census Bureau, American Community Survey, hur:/ /factfinder.census.l!ov/home/ saff/ main.html? lanl!=en Innovation I. National Science Foundation, Table 28-R&D expenditures at universities and colleges, http:// www.nsf.l!ov/statistics/nsf09303/pdf/tab28.pdf 2. National Science Foundation, A ward Search, hup:/ /www.nsf.l!ov/awardsearch/tab.do?dispatch=1 3. Philanthropic support expressed as total reported income for nonprofit organizations, hup:/ / www.taxexemptworld.com/search.asp?type=adv Education I. Florida Department of Education, hup:/ / data.f1doe.org./fsir/ 2. National Center for Educational Statistics, h!.!plinces~~d~~,y Transportation I. Florida Department of Transportation supplies Vehicle Miles Traveled and Centerline Miles, population from the U.S. Census Bureau 2. Commute Time is from the American Community Survey. 2007, hup:/ /factfinder.census.gov/home/ saff/ main.html? lang en 3. 2008 American Public Transportation Association. Ridership Reports, hl!1)"j ~"'",:-'Pi'!:S:Q!!1j !!:.s_e a rchLg<ll~!!id~!_shirLri.c!~r~pj i!,!de x_u~-,-cf!!l Entrepreneurship I. Congressional district data retrieved from ~/ fcit. us f.edu/florida/ maps/ pages/ 3400/ f3414/ f3414.ht IT1 2. PricewaterhouseCoopers/Venture Economics/NVCA Money tree Survey, hup:! / www.venturexpert.com!VxComponent/static/stats/statshorne.htm Disclaimer: Information contained in this report is believed to be accurate and from reliable sources. The Economic Development Foundation makes no representation of the completeness, accuracy, or timeliness of the information and data contained in this report or that the data is error-free. This report was prepared by Mr. Thomas Penny as part of an economic internship with the Economic Development Council of Collier County and Regional Economic Research Institute at Florida Gulf Coast University, October 2010. 21 Economic Development Foundation, Inc. Florida Economic Scorecard 2010 Summary ECONOMIC DEVELOPMENT COUNCil OF COLLIER COUNlY 3050 Horseshoe Drive North, Suite 120 . Naples, FL 34104 Phone (239) 263-8989 . Fax (239) 263-6021 www.eNaplesFlorida.com g,c ECONOMIC DEVELOPMENT COUNCIL of Collier County. Florid" Growing Great Idea! Economic Development Summary of Activity With an economy that is largely dependent on construction, tourism and agriculture, we are highly vulnerable to the economic problems that have swept our nation and the world. Three years ago, in coordination with the Economic Development Council, the Chamber of Commerce and key business leaders, the Board of County Commissioners (BCe) adopted a long-range economic diversification strategy to minimize the effects of future economic declines. Those efforts are now beginning to pay dividends. Turbo Services Inc. is a company currently located in Margate, Florida that is considering expanding to the county-owned airport in Immokalee. Turbo Services is proposing to construct a facility that would be used to test 707 jet engines that are being converted to generators. In 2009, the Bayshore Gateway Triangle Community Redevelopment Agency (CRA) increased redevelopment incentives for businesses by introducing the Commercial Building Improvement Grant (C-BIG) program. This $50,000 matching grant appealed to business entrepreneurs looking for heavy commercial space in Collier County. A company that manufactures and packages advanced nutritional products, Alternative Laboratories, purchased a 10,000 square foot vacant warehouse and used the CRA grant to renovate the entire site. Their business plan includes 44 new jobs and they are currently hiring. Within a year, Alternative Laboratories and the CRA's matching grant attracted another entrepreneur that purchased a nearby warehouse that will house two new businesses - Renew Advantage and Amazon Originals. These start-up companies are now located in the Gateway Triangle because the entrepreneurs behind them found value in the business location in the CRA and the CRA financial incentives. The three companies are expected to create between 56 and 74 jobs in the next two years-a phenomenal return on the CRA investment of $104,000 in C-BIG funds. The Economic Development Council (EDC) successfully recruited a high tech New York-based company to set up a regional office in Collier County. ValueCentric, LLC provides data management and performance analytics for more than 200 pharmaceutical companies worldwide. ValueCentric expects to employ at least 15 people locally in the first three years, possibly increasing to 20 or more. The county is providing assistance to the firm through our existing economic incentive programs. The Animal Specialty Hospital of Florida is on track to open in mid-March and will be the only seven day a week/ 24-hour animal emergency hospital serving Collier County and the only specialty/referral hospital of its kind in southwest Florida. The Animal Specialty Hospital of Florida will be located at 10130 Market Street, just off Interstate 75 at exit 101. The new 7,350-square-foot center, the largest and most technologically advanced animal specialty hospital in Southwest Florida, will employ at least 28 employees in the first three years with an average wage of $55,000. The hospital received assistance through the county's Job Creation Investment Program. P:\EDC Board of Directors\BCC Workshop 03-11-11 \Economic Development Summary of Activity.docx ECONOMIC DEVELOPMENT COUNCil OF COLLIER COUNTY 3050 Horseshoe Drive North, Suite 120 . Naples, FL 34104 Phone (239) 263-8989 . Fax (239) 263-6021 www.eNaplesFlorida.com ~ ECONOMIC DEVELOPMENT COUNCIL olCollier County, Florida Growing Great Idea! County commissioners also approved a request from the EDC to provide economic incentives to Haynes Corporation - manufacturer of diesel fuel injection systems that has been in operation in Collier County since 1989. Haynes employs 45 people and plans to soon begin construction of a new 30,000 square foot building adjacent to their existing facility. The company plans to hire 20 additional employees - the result of consolidation with their California operation. The county's efforts prevented Haynes from relocating its entire operation to either California or Michigan. Plans continue to proceed for the new Army National Guard Readiness Center on 26 acres at the Immokalee Airport. The county has entered into a 25 lease agreement with the National Guard whose presence will have many positive and beneficial impacts for the airport, the community and Collier County by creating recruiting, education and training support positions along with bringing an Army unit to the community that operates advanced military equipment in support of federal missions. Additionally, it will position soldiers ready to respond to the governor's call to active duty in response to emergencies or natural disasters. The BCC approved the creation of a business development center at the Immokalee Airport as a collaboration between the Immokalee CRA and the Airport Authority. Seed money in the amount of $100,000 from the CRA Trust Fund was also approved for the business incubator which is expected to open its doors in the very near fllt~re. The CRA will sublease the property to qualifying start up businesses and provide lower cost rental facilities and technical assistance. Another exciting project about to commence in Immokalee is the reconstruction of the Farmers Market which was damaged by Hurricane Wilma. State and federal funds are being used for the reconstruction and once completed will restore to operation a vital part of our traditional economy. The market will see as many as 30 individual farmers and growers selling fruit and vegetables in the high winter growing season. Collier County has six economic incentive programs that have provided over $2 million in incentive awards to qualified participants. In addition, County Commissioners have significantly reduced impact fees for commercial properties (as well as residential) and changes approved by the BCC in the Impact Fee Program for Existing Commercial Redevelopment have resulted in more than 60 participants saving approximately $2.3 million in impact fee payments. Fifty companies from 18 Florida counties have earned a place in Florida's inaugural class of "Companies to Watch" and I'm pleased to announce that Collier County is the headquarters for three of the winners. Nominated by the EDC, Ark Naturals Products for Pets, MediaVista Group, and Haynes Corporation representatives traveled to Orlando this month for the awards celebration. Even with the effects of the economic recession, Collier County remains one of the most desirable places to live and we intend to keep it that way. Working together, we will recover from this economic recession, we will diversify our economy and our community will become stronger and more resilient than ever before. P:\EDC Board of Directors\BCC Workshop 03-11-11 \Economic Development Summary of Activity.docx ECONOMIC DEVELOPMENT COUNCil OF COLLIER COUNTY 3050 Horseshoe Drive North, Suite 120 . Naples, FL 34104 Phone (239) 263-8989 . Fax (239) 263-6021 www.eNaplesFlorida.com g:,c:: ECONOMIC DEVELOPMENT COUNCIL afCollier (;ounty. Florida Growing Great Idea! Economic Development Definition of Terms "Primary Job" Available at a company for which a majority of the products or services to that company are ultimately exported to regional, stateside, national, or international markets, infusing new dollars into the local economy. "State of Florida Target Industry" Those approved targeted industries (by NAICS code) as defined by Enterprise Florida. "Local Target Industry" Those approved targeted industries (by NAICS code) as defined by the local or regional economic development entity. "Wages" Includes all remuneration in the form of salaries, bonuses and commission paid to an employee for services performed for his employer. "High Wage Job" A Primary Job that meets or exceeds 115% of prevailing average wage of the local county in which the job is located. "Economic Development" The process of creating wealth through the mobilization of human, financial, capital, physical and natural resources to generate marketable goods and services. The (practitioner's) role is to influence the process for the benefit of the community through expanding job opportunities and the tax base. "Economic Development Practitioner" a person recognized as being in the business of marketing one or more locations seeking prospects and opportunities for growth and development; a person engaged in bringing about economic development as a resource supplier or service provider. "Economic Development Orpniution" A public, private or public/private entity engaged in Economic Development. "Lead Economic Devel...,.nt OrJanizlltion" A local or regional Economic Development Organization recognized by Enterprise Florida as the primary organization to within the County or Economic Development Region. "Economic Development Region" Multi-county regions as defined by Enterprise Florida. "Economic Gardening" An innovative entrepreneur-centered economic growth strategy that offers balance to the traditional economic practice of business recruitment, often referred to as "economic hunting." It was pioneered by Chris Gibbons in 1989 in the City of Littleton, Colorado, in conjunction with the Center for the New West. While it was introduced as a demonstration program to deal with the sudden erosion of economic conditions following the relocation of the largest employer in the city at that time, it has emerged as a prototype for a rapidly expanding movement of like-minded economic developers looking for additional methods to generate truly sustainable economic growth for their P:\EDC Board of Directors\BCC Workshop 03-11-11 \ED definition of terms.doc Page 1 of2 ECONOMIC DEVELOPMENT COUNCIL OF COLLIER COUNTY 3050 Horseshoe Drive North, Suite 120 . Naples, FL 34104 Phone (239) 263-8989 . Fax (239) 263-6021 www.eNaplesFlorida.com IZJC ECONOMIC DEVELOPMENT COUNCIL of Collier County. Florid" Growing Great Idea! communities, regions or states. The three basic elements of gardening are: 1) providing critical information needed by businesses to survive and thrive; 2) developing and cultivating an infrastructure that goes beyond basic physical infrastructure and includes quality of life, a culture that embraces growth and change, and access to intellectual resources, including qualified and talented employees; and, 3) developing connections between businesses and the people and organizations that can help take them to the next level - business associations, universities, roundtable groups, service providers and more. "Second Stage Company" Are those companies that have grown past the startup stage, but have not yet grown to maturity. They have enough employees to exceed the comfortable control span of one owner/CEO and benefit from adding professional managers, but they do not yet have a full-scale professional management team. A business typically begins to enter its second stage when it approaches $1 million in total receipts. The transition process can continue until it hits $100 million in receipts, although for most companies $50 million represents the upper limit of second stage. By $100 million, a firm will have to be professionally managed in order to continue to thrive and grow and be in its third stage of development. Employee numbers and revenue ranges vary by industry, but the population of firms with 6-100 employees and/or $750,000 to $50 million in receipts includes the vast majority of second-stage companies. "Innovation Incentive Program" In 2006, the Legislature created the Innovation Incentive Program. The purpose of the program is to provide financial resources for research and development institutes and for companies defined as -innovation businesses. While OTTED oversees the Innovation Incentive Program and enters into agreements with the grant recipients, Enterprise Florida, Inc. (EFI), the state's private economic development entity, is directed to evaluate the grant seekers' proposals and recommend to OTTED which entities should receive the grants and whether waiver of certain requirements is merited. "Quick Action CIosi,. Fund" This program is used by the Governor in order to provide "deal closing" assistance for very competitive, high impact projects. The QACF is designed so the state can react quickly and with greater flexibility than most other incentive programs, providing upfront cash assistance. "Centers of Excellence" In 2002, the Legislature passed the -Florida Technology Development Act that directed the State Board of Education to designate Centers of Excellence at state universities. The purpose of the centers is to stimulate university research and commercialization efforts in high-tech fields. "Capital Investment" The investment in land, buildings, and equipment made in connection with a qualifying project. 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