1 / 15

Program Of Work

Committee For a Sustainable Emerald Coast December 6, 2006. Program Of Work. What is Florida’s Great Northwest?. 16 county regional economic development organization Private, not-for-profit corporation. Membership. 4 categories of members: Local Economic Development Organizations

darva
Download Presentation

Program Of Work

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Committee For a Sustainable Emerald Coast December 6, 2006 Program Of Work

  2. What is Florida’s Great Northwest? • 16 county regional economic development organization • Private, not-for-profit corporation

  3. Membership 4 categories of members: • Local Economic Development Organizations • Post-Secondary Education • Workforce Development Boards • Private Business

  4. Primary Mission Grow a vibrant and sustainable economy for all 16 counties in Northwest Florida that creates nationally and globally competitive advantages for the development of key industry clusters, increases the income and prosperity of workers and families; ensures healthy communities and a vibrant quality of life, and preserves the natural beauty and resources of the region.

  5. Primary Focus Primary Industries (Traded Industries, Basic Industries): • Businesses that import wealth into the region by selling the majority of their goods or services outside the region.

  6. FGNW Targeted Industries • Aerospace & defense • Medical technologies/medical device manufacturing • Health services where a minimum of 70% of the revenue is from outside of the region • Information technology, software development & electronic component manufacturing • Construction component materials manufacturing • Logistics & distribution • Financial services • Alternative energy

  7. Tourism • Tourism is a primary industry • Tourism is not an FGNW target industry • Inverted curve – wage structure & related per capita income • Growing without need for assistance from FGNW • Extremely cyclic industry – successful development of the tourism industry has put the region in a diversification deficit.

  8. Economic Development Philosophy • Successful economic development requires a balanced program of work: • Product Development (Community Development) • Physical Infrastructure (Duck Test) • Human Infrastructure

  9. Knowledge-based cluster development Traditional Cost of Doing Business Measures • Tax structure • Compensation costs • Space costs • Capital costs • Business climate/infrastructure Specific to High-Tech Cluster Development • Close proximity to excellent educational facilities & research centers • History of technology spill-overs • Availability of venture capital • Access to a trained/educated workforce • Existing network of suppliers • Climate • Quality of life factors • Cost of Living (especially home prices)

  10. Economic Development Philosophy Successful economic development requires a balanced program of work: • Product Development • Business Retention & Expansion • Business Attraction • New Business Development (Entrepreneurship)

  11. Florida Economy • Florida’s tax structure, cost of doing business structure, and statewide strategic focus all support the creation of a knowledge-based economy. • The Committee for a Sustainable Emerald Coast’s 2030 Vision Statements support the development of a knowledge-based economy. • Historically, the actions at the local level in Northwest Florida support the development of a tourism, second home, traditional manufacturing, and agrarian economy.

  12. Converting to a Knowledge-Based Economy – By 2030: • The population demographics will reflect a younger, well educated, highly skilled workforce • This demographic will not tolerate a commuter-based environment • This demographic will not support an art, culture, and recreation environment predicated on tourism supported or senior age group activities • This demographic will be of child-bearing age, will demand a quality education for their children, and will migrate to the best K-12 education systems. • This demographic will not be attracted to gated communities nor communities where a large portion of the homes are second homes or seasonal rental properties.

  13. Converting to a Knowledge-Based Economy – By 2030: • The profile of the primary businesses will be different: • Less dense in employment, more dense in technology, & greater per employee productivity, or • (customer care centers) larger employment concentrations

  14. Converting to a Knowledge-Based Economy – By 2030: Those businesses will concentrate: • in employment centers of similar industries • where the supplier base and support industries reside • where the housing price is compatible to the industry’s wage structure • where the art, cultural, recreational, and retail amenities are compatible with the workforce • where the transportation system matches the business’ transportation needs • where the continuing education and R&D exists to support the industry • where there are no local government imposed fatal flaws

  15. Program Of Work

More Related