2009 adams
- 1. Enterprise Florida Inc. A public-private partnership “Rural Economic Developmentdevoted to for Florida’s primary organization Strategies an Urban Global Marketplace” the state’s economic development. John A. Adams Jr.,Ph.D. John A. Adams Jr. Ph.D. President & CEO President & CEO Enterprise Florida Inc. www.eflorida.com 1
- 2. EFI’s mission: “To diversify Florida’s EFI’s mission: Florida’s economy and create better-paying economy and jobs for its citizens by supporting, jobs for its citizens by supporting, attracting and helping to create attracting businesses in innovative, high- businesses in innovative, high- growth industries.” growth 2
- 3. About Enterprise Florida … • U.S.’ first public-private •Global branding state economic development partnership •Exports promotion • Thought leader on key econ. dev. & bus. issues •Inbound investment (FDI) • A profit center: ROI for •Target-sector focus Florida -- 4.96:1 – Performance-based •Increases economic contract opportunities – Ops plan; stretch goals – Ernst & Young review 3
- 4. Statewide Strategic Plan: “Roadmap to Florida’s Future” •Build world-class talent •Ensure business climate competitiveness •Promote sustainable development •Invest in Florida’s innovation economy •Enhance state as pre-eminent global hub •Accelerate economic diversification 4
- 5. Target clusters for Florida’s economic growth and diversification 5
- 6. Broad-based grassroots approach Regional Forums: June/July 2009 Identify regional issues/priorities Coordinate and develop consensus www.eflorida.com/roadmap Information portal: dates, locations On-line survey for broad input Regional meeting summaries and discussion board 6
- 7. REGIONALISM: A Florida economic development strategy 7
- 8. Economic Development Partners Education Capital Workforce Providers Business Non-profits Associations Military, Enterprise Defense &. Florida Homeland Government Security Chambers Economic Of Development Commerce Organizations Real Private Estate Business 8
- 9. Global trade – Rural and Urban Focus FAST FACTS … • 40,000 Florida companies export • 16.5% of U.S. exports • Nearly 1.3 million jobs in Florida depend on international business. (Roughly one of six jobs in 2008) • $115 billion in foreign trade • #3 high-tech exporter in U.S. • Gateway to the Americas: The Panama Connection 9
- 10. Florida Ports 10
- 11. Florida Intermodal • Strategic Intermodal System (SIS) Strategic Plan • Rail System Plan – 3000 miles • Seaport System Plan – 14 ports • Aviation Planning – 21 Commercial & 71 General • Highway Regional Infrastructure • One Space Port – “The Cape” 11 11
- 12. Key Florida Business Advantages • Favorable business climate, including: – ensure stable regulatory framework – maintain highly competitive business costs and tax structure, and – available incentives • Highly-skilled, multilingual workforce, with customized training programs • Strong research and technology base 12
- 13. Regionalism – A RACEC Example … RACEC = Rural Areas of Critical Economic Concern Rural Economic Development Catalyst Project (a.k.a. “Rural Catalyst”) – Targets tomorrow’s growth industries to the create high value jobs, capital investment and an economic benefit for each rural area. 13
- 14. Regionalism – Rural Catalyst cont’d … – Employs an innovative approach to rural economic development – Analyzes regions’ economic attributes (education levels, infrastructure, occupational traits relevant to potential target industries, etc.) – Joins communities to improve the future of rural Florida. Jointly, they can change how they’re viewed and improve local skill set. 14
- 15. Rural Regionalism – The 3 RACECs (1) Northwest RACEC and (2) North Central RACEC – Target industry: Logistics and Distribution. (Inventory management; data processing; intermodal coordination; cutting-edge technologies.) (3) South Central RACEC – Target industry: Healthcare and Sciences. (Medical equipment; pharmaceuticals; medical research; specialized healthcare services.) 15
- 16. How We Identified Target Industries North Central Region Industry Gaining National Filling Regional EFI Stakeholders Position Growth Gap Metro Target Target Logistics and Distribution Building Component Design and Manufacturing Aviation Services and Products Bio-Fuels and Energy Healthcare Services and Products 16
- 17. Levy County: Logistics and Distribution Industry Characteristics Higher Value-added Inventory Management Data Processing Wholesale Trade Light Manufacturing and Assembly Intermodal Truck, Rail, Water, and Air Labeling Combining of Shipments Vehicle Maintenance and Support Scrap and Salvage Disposal Billing Services 17
- 18. SITE SELECTION FACTORS: 1. Highway accessibility 2. Labor costs 3. Occupancy and construction costs 4. Tax exemptions 5. Energy availability and costs 6. Availability of skilled labor 7. State and local incentives 8. Corporate tax rate 9. Low union profile 10. Available land 18
- 19. Future Challenges Trend Implication More people and jobs Growth in travel demand in all modes Economic regions Need for better interregional connectivity and closer coordination of regional transportation and growth plans Service and Increasing demand for business innovation economy travel and high-value, time-sensitive freight shipments Global economic Need for efficient, reliable interstate leader and international flows of visitors and goods 19
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