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Presented to: BIA Economic & Housing Forecast Meeting

Economic Development Council serving Okaloosa County. Presented to: BIA Economic & Housing Forecast Meeting. January 12, 2012. Presented by:. Larry Sassano, President . Economic Development Council. EDC Function and Mission EDO vs. Chamber of Commerce High Performance Targeted Industries

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Presented to: BIA Economic & Housing Forecast Meeting

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  1. Economic Development Council serving Okaloosa County Presented to:BIA Economic & Housing Forecast Meeting January 12, 2012 Presented by: Larry Sassano, President

  2. Economic Development Council • EDC Function and Mission • EDO vs. Chamber of Commerce • High Performance Targeted Industries • Projects • Confidentiality • Process and Examples • Estimating Office and Manufacturing Space Study • Okaloosa Industrial Parks • Local and State Incentives • Partnerships Overview w w w . f l o r I d a – e d c . o r g

  3. Economic Development Council The EDC • A non-profit private-public partnership serving as Okaloosa County’s primary economic development organization committed to the continual growth and diversification of Okaloosa's economy and quality of life/place. • Governed by a Board of Directors • Operates by a set of bylaws and a code of ethics. • 4 full-time employees The EDC is assisted in accomplishing its objectives through the use of standing committees and ad hoc task forces. w w w . f l o r I d a – e d c . o r g

  4. Business Expansion Business Attraction New Business Start-ups Economic Development Manufacturing, Processing, Technology Sectors Service Sector/Networking, Community Development Retail, Residential Real Estate, Banking, Hospitality, Attorneys, Healthcare, etc. Economic Development Council EDO vs. Chamber of Commerce • Economic Development Organization Focus • Local Chamber of Commerce Focus • Examples of Chambers and EDC working together in Okaloosa County w w w . f l o r I d a – e d c . o r g

  5. Economic Development Council Okaloosa’s High Performance Targeted Industries • Aerospace/Aviation/Defense • Information Technology • Life Sciences • Regional & Corporate Headquarters • Manufacturing/Engineering • Renewable Energy • Unmanned Air and Ground Vehicles w w w . f l o r I d a – e d c . o r g

  6. Economic Development Council Projects The EDC staff responds to inquiries each day, but only a few of these inquiries become active projects.  The EDC receives leads from the state, Enterprise Florida (domestic and international); referrals from other outside sources; phone calls; electronically; self-generated from conferences, trade shows, etc. In order for a request for information to reach project status the following is required:  • The request must be site specific • The client must have identified labor requirements, number of projected employees, types of positions, etc. • The client should have a capital investment estimate for the project • The client should have a timeline for evaluating sites and making a final decision w w w . f l o r I d a – e d c . o r g

  7. Economic Development Council Confidentiality of Records According to Section 288.075 of the Florida Statutes, a company may request that any and all documents, records, reports, correspondence, conversations, applications, data or other sources of information concerning their business plans, interests, or intention to evaluate or locate in Florida be kept confidential. w w w . f l o r I d a – e d c . o r g

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  10. Economic Development Council Estimating Demands for Office and Manufacturing Space in the Okaloosa County Economy w w w . f l o r I d a – e d c . o r g

  11. Economic Development Council • Okaloosa County Industrial Parks • Okaloosa County/Bob Sikes Airpark • Fort Walton Beach Commerce & Technology Park • Destin Industrial Airpark • Laurel Hill Industrial park • Holt Industrial Park • Shoal River Ranch • Emerald Coast Technology & Research Center w w w . f l o r I d a – e d c . o r g

  12. Economic Development Council Business Incentive Programs • Ad Valorem Tax Abatement • Enterprise Zone Tax Credits • Brownfield Redevelopment Fund • Permit Streamlining • Qualified Target Industry Tax Refund Program (QTI) • Quick Response Training (QRT) • Economic Development Transportation Fund (EDTF) • Qualified Defense Contractor Tax Refund Program (QDC) • Research and Development Tax Exemptions • SBA Loans • Tax-Exempt Financing • Workforce Development w w w . f l o r I d a – e d c . o r g

  13. Economic Development Council Partnerships • Office of Economic Development and Engagement • Florida’s Great Northwest • Workforce Development Board for Okaloosa-Walton Counties • Tourist Development Council • Building Industry Association • Eglin Installation Growth Committee • Northwest Florida Defense Coalition • Enterprise Florida, Inc. • Florida Defense Alliance • Department of Economic Opportunity • Business Leaders • Chambers of Commerce • Okaloosa County • Cities and Towns • Civic Groups • Educational Institutions • Eglin Air Force Base (DoD) w w w . f l o r I d a – e d c . o r g

  14. www.florida-edc.org w w w . f l o r I d a – e d c . o r g

  15. Thank you for your time! Any Questions? Larry Sassano, President Economic Development Council of Okaloosa County P.O. Box 4097 Fort Walton Beach, FL 32549 800.995.7374 larrys@florida-edc.org w w w . f l o r I d a – e d c . o r g

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