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GETTING FLORIDA BACK TO WORK

The Florida Small Cities CDBG Program, part of the Department of Economic Opportunity, aims to enhance economic development in local communities. By providing grants, low-interest loans, and financial assistance for projects, this initiative has successfully created new jobs and fostered local business growth. With over $8 million awarded for various projects, the program has already supported the creation of numerous full-time equivalent positions. Going forward, the focus will be on strengthening partnerships, exploring innovative funding approaches, and responding to emerging economic needs.

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GETTING FLORIDA BACK TO WORK

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  1. GETTING FLORIDA BACK TO WORK Florida Small Cities CDBG Program Economic Development

  2. Department of Economic Opportunity Under One Umbrella • Enterprise Florida • Strategic Business Development • Small Cities CDBG Program • Agency for Workforce Innovation • Rural Economic Development Initiative • Division of Planning

  3. Other Critical Partners • Other State Agencies • Local Governments • ED Councils and Chambers • Regional Planning Councils • Economic Development Administration • USDA Rural Development

  4. Florida’s Basic CDBG ED Approaches • Public Infrastructure • Local Government-Owned Buildings • Low Interest Loans • Assistance to non-profit subrecipients • Section 108 Loans

  5. Approaches to ED $$$s • 2009 – 20% of pass through - $5.2M • 2010 – 20% of pass through - $5.4M • 2011 – 30% of pass through - $6.8M • actually have offers out for $8.8M • 2012 – 40% of pass through - $8.6M • just opened cycle 8-15-12

  6. 2011 Highlights • $8.8 million in CDBG awarded • 18 application submissions – including 5 resubmissions • 7 projects total awarded • 2 projects with over $3 million in CDBG assistance • $83 million in non-CDBG investment • Minimum 262 New FTEs / 134 LMI • Estimated 818 New FTEs / 418 LMI

  7. New Approaches for New Jobs • 2011 – Legislative Session – removed $750,000 CDBG cap from Florida Statute • Waivers of State Administrative Rule imposing the $750,000 cap • Allowed DEO to fund larger amounts for larger projects creating larger numbers of jobs

  8. Going Forward • 2012 – Minimum $8.6M for ED projects - an increase of 10% over 2011 • Strengthen Partnerships and Incentives Coordination • Expand our internal ED team • Pro ED revisions to Statute and Rule • Explore creative allowable approaches to using CDBG for economic development projects

  9. Team Up for ED Ideas • Participate in our Recent ED Survey on: • Microenterprises, Business Incubators, Merging Commercial Revitalization w/ ED, Section 108 Loans, Special ED Activities, Services for Businesses, Non-Profits, T/TA and National Objective approaches • Survey Results shared with Participants • Contact Sean Lewis at: sean.lewis@deo.myflorida.com

  10. 2011 CDBG Assisted Projects $2.46M CDBG Investment in Infrastructure To Marianna, Florida HomeSource International Textile and Furniture Manufacturer 300+ FTEs $524K CDBG Investment in Infrastructure To Lee, Florida Annett Bus Line Expansion 15+ FTEs

  11. 2011 CDBG Assisted Projects $750,000 CDBG Investment in Infrastructure To Lake Wales, Florida ViaVita Assisted Living Facility 46+ FTEs $384,486 CDBG Investment in Infrastructure To Hendry County, Florida Sterile Trucking Facility Expansion 15+ FTEs

  12. GETTING FLORIDA BACK TO WORK Florida Small Cities CDBG Program Economic Development Patrick Howard 850-717-8418 Patrick.Howard@deo.myflorida.com

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