Development October 18, 2018 Presentation Overview 1. Economic - PowerPoint PPT Presentation

Orange County Economic Development October 18, 2018

Presentation Overview 1. Economic Development Structure and Strategy 2. Economic Development Priorities 3. Strategic Partner Program Funding 4. Regional Collaboration 5. Events 6. Recent Projects

Economic Development Structure and Strategy  Role of the Office of Economic, Trade & Tourism Development – Work with partners to promote attraction of high wage, high value jobs to Orange County – Participate in the marketing and branding of the region – Negotiate and administer incentives – Manage programs funded by Orange County – Create content and manage logistics for economic development related events – Staff – Administrator and Coordinator plus a shared Administrative Assistant

Priorities  Work with the Orlando Economic Partnership to focus on regional targeted industries – Aviation, Aerospace and Defense • MS&T – BRAC mitigation, Metro Orlando Defense Task Force, MS&T Blue Ribbon Commission • Optics/Photonics – Life Sciences and Healthcare – Corporate Headquarters and Regional Offices – Innovative Technologies – Advanced Manufacturing  Entrepreneurial and Small Business Growth – Provide Orange County citizens with low to no cost business tools through strategic partnerships

Strategic Partner Program Funding  University of Central Florida (UCF) – Small Business Development Center (SBDC) – SBDC Advisory Board Council – UCF Venture Accelerator – UCF Business Incubation Program – UCF Institute for Economic Competitiveness – Central Florida International Trade Office – GrowFL – UCF Business Incubator Soft Landing Program – Florida Virtual Entrepreneur Center – Total - $803,557  Orlando Economic Partnership – Annual Funding – $681,899 – Branding - $500,000

Strategic Partner Program Funding  Black Business Investment Fund (BBIF) - $149,850  Prospera (Formerly HBIF) - $136,323  National Center for Simulation - $37,142  Metro Orlando Defense Task Force (MODTF) - $25,000  National Entrepreneur Center - $300,000  Starter Studio (Formerly FireSpring Fund) - $100,00 (one time investment in evergreen fund in 2016)  Total Annual Economic Development Program Funding: FY2018 – 2019 = $2,633,771

Regional Collaboration  Orange County Staff - Board Participation – CareerSource Central Florida – National Center for Simulation – Starter Studio – Manufacturers Association of Central Florida – National Entrepreneur Center – Small Business Development Center – Prospera

Events – Orange County Economic Summit • Half-day summit including economic forecast and panel discussion • Free to all citizens – TechMatch • Half-day Business Matchmaking event in partnership with Echo Interaction Group. Follows Economic Summit – Florida Simulation Summit • Partnership with the National Center for Simulation • Full day event that focuses on commercial applications of MS&T

Recent Projects  KPMG – Learning, Development and Global Training Center  Lockheed Martin Missiles and Fire Control – Innovation Demonstration Center – Expansion of existing operations  Qorvo Florida – Expansion of RF Solutions Manufacturing  Spectrum AG – Professional Training for Manufacturing, Technology and Financial Services  Amicus Biologics – Biologic Drug Substance Manufacturing Plant

Orange County Economic Development October 18, 2018