Fort Walton Beach Council agenda — 08-03-09 special council-budget review — reading text

CcCc cc X 234, JuneJune 29,29, 20092009 Economic Development Council of 0kaloosa County, Florida r, r-'- vRECEEIVED 6 2009 ANAGER FICE BobBob MearnsMearns - - CityCity ManagerManager CityCity ofof FortFort WaltonWalton BeachBeach 107107 MiracleMiracle StripStrip ParkwayParkway FortFort WaltonWalton Beach,Beach, FloridaFlorida 3254832548 DearDear CityCity ManagerManager Mearns:Mearns: TheThe EconomicEconomic DevelopmentDevelopment CouncilCouncil ( ( EDC)EDC) isis keenlykeenly awareaware ofof ourour citycity partners'partners' budgetbudget restraintsrestraints asas eacheach ofof youyou prepareprepare forfor thethe upcomingupcoming fiscalfiscal year.year. TheThe EDCEDC hashas preparedprepared aa specialspecial locallocal governmentgovernment reportreport forfor citycity councilcouncil members,members, citycity managers,managers, clerks,clerks, andand financefinance directorsdirectors thatthat illustrates illustrates howhow thethe EDC,EDC, throughthrough itsits BusinessBusiness RetentionRetention andand Expansion Expansion Program,Program, helpshelps toto contributecontribute aa positivepositive economic economic impactimpact onon youryour city'city' ss locallocal economy.economy. " " EDCEDC PublicPublic PartnerPartner Report"Report" OurOur measuresmeasures thethe impactimpact ofof newnew jobsjobs toto thethe locallocal economy,economy, andand showsshows whatwhat thethe EDCEDC isis doingdoing toto stimulatestimulate jobjob growthgrowth toto helphelp generate generate locallocal taxtax dollarsdollars forfor youryour city.city. TheThe EDC'EDC' ss intentintent inin thisthis reportreport isis toto provideprovide citycity leadership leadership withwith anan understandingunderstanding ofof thethe importanceimportance ofof thethe EconomicEconomic DevelopmentDevelopment CouncilCouncil andand itsits effortsefforts toto createcreate moremore primaryprimary industryindustry jobs,jobs, whichwhich inin turn,turn, paypay anan aboveabove averageaverage wage.wage. OurOur dedicateddedicated existingexisting industryindustry programprogram hashas helpedhelped toto preserve preserve highhigh wagewage jobsjobs forfor youryour communitycommunity thatthat inin turnturn helpshelps maintainmaintain thethe qualityquality ofof lifelife forfor allall citizens.citizens. " " EDCEDC PublicPublic PartnerPartner Report"Report" inin youryour mailmail boxbox andand pleaseplease taketake thethe timetime toto readread LookLook forfor thethe thisthis reportreport toto understand understand whatwhat youryour locallocal EDCEDC isis doingdoing toto makingmaking thethe flowflow ofof moneymoney intointo youryour locallocal economy,economy, moremore dependable.dependable. WeWe respectfullyrespectfully requestrequest anan appropriationappropriation ofof$ $ 22,22, 226226 toto aideaide inin continuingcontinuing ourour economiceconomic effortsefforts forfor thethe CityCity ofof FortFort WaltonWalton Beach.Beach. FSSinceFSranoSincerano PresidentPresident P.P.O.O. BoxBox 4097,4097, FortFort WaltonWalton Beach,Beach, FLFL 3254932549 850)850) 651651 - -73747374 ( ( 800)800) 995995 - -73747374 tolltoll- ftW - ftW 5(5( 850)850) 651651 - -73787378 faxfax www.www.florida-florida- edc.edc. orgorg  X Economic Development Council of Okaloosa County, Florida Dear Local Government Officials, The Economic Development Council ( EDC) is keenly aware of our city partners' budget restraints as each of you prepare for the upcoming fiscal year. The EDC has prepared a special local government report for council members, managers, clerks and finance directors that illustrates how the EDC, through its marketing efforts, helps to contribute a positive economic impact on your local economy. Our Public Partner Report measures the impact of new jobs to the local economy and shows what the EDC is doing to stimulate job growth to help generate local tax dollars. One of the EDC' s intent with this report is to provide Public Sector leadership with an understanding of the value of the Economic Development Council to create primary industry jobs, which in turn pay a higher than the area average wage. Your economic strength will allow you to grow to your desired size and quality. The EDC programs are designed to enrich your local economy, but in order to do this we need your continued support. Please take the time to read this report to understand what your local EDC is doing to making the flow of money into your local economy more dependable. Sincerel , Larry assano President  Table of Contents Aboutthe EDC ........................... ............................... 1 Mission Statement ..................... ............................... 2 Elements of Strategy ................. ............................... 2 Vision Statement ........................ ............................... 3 Economic Impact ....................... ............................... 5 Budget & Grants ............................... 9 EDC Programs & Initiatives 11 Defense Support Initiative ............. ............................. 11 JeCIVIEN ........................................ ............................. 11 el- lousing ..................... iTen Wired ..................................... ............................. 12 Florida LambdaRail ....................... ............................. 13 Technical Enrichment Center ............. ....... 13 E- Synchronist Program ................. ............................. 13 Emerald Coast Technology & Research Center......... 14 Community Involvement ............ ...............................17 Policy Board and EDC Leaders . ............................... 19  ABOUT THE EDC The Economic Development Council of Okaloosa County, Florida A non -profit private -public partnership serving as Okaloosa County's primary economic development organization. A not -for -profit organization exists to provide a public service to the community rather than to make a profit... the primary objective of the organization is something other than making money. Non -profit or- ganizations typically rely on contributions to fund the services they provide. The EDC originated in 1982 as The Committee of 100 of Okaloosa County, Florida, Incorporated. In October 1987 the Committee was recognized by the Internal Revenue Service as a 501( c)( 6) Not -for- Profit. In June 1989 the members and directors, under the laws of the State of Florida, unanimously voted to change the Committee' s name to The Economic Development Council of Okaloosa County, Florida, Incorporated. The EDC is governed by a board of officials, The Policy Board, consisting of approximately 40 individu- als to include the Executive Committee officers, which are elected into voluntary office. The Council op- erates by a set of bylaws and a code of ethics. The staff consists of four full -time employees and four independent contractors on a part-time basis. The EDC is assisted in accomplishing its objectives through the volunteers of standing committees and ad hoc task forces. Our efforts are directed in 3 main areas —existing industry diversification, retention and expansion; development of a technically skilled and available workforce; and recruitment of targeted industries. Collectively, these efforts ensure that Okaloosa County remains the leader of Northwest Florida industry, and continues to be recognized as one of America' s Top 10 Best Places to Live! Okaloosa County, Florida... leading technology, superior lifestyle, boundless opportunity/ Economic Development Council of Okaloosa County  Mission Statement Support a quality -of -life community that reflects leading technology diversification, superior lifestyle, and boundless opportunity through existing industry retention and expansion, workforce development, and expansion of key industry clusters. The EDC of Okaloosa County works with start-up, expanding, and relocating businesses to help them with site location, financing coordination, state and federal incentive program applications, and business community awareness. Primary Obiective Promote technology -based economic development. Retain, expand and diversify the existing economic base. Promote retention of military resources in Okaloosa County. Enhance community awareness of EDC programs and services. Collaborate with educational institutions to ensure a highly skilled and diversified work force. Primary Target Industries Advanced Technology Aviation and Aerospace Bio- medical Technology Electronics Design, Manufacturing and Communication Engineering Services Machining and Metal Fabrication Elements of Strategy The EDC's vision embraces a vibrant and diverse