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Existing Business ISSUE Recognitio n
BUSINESS MATTERS monthly economic development newsletter for martin county
ISSUE 14
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Company Spotlight Mo nthly Employment Data Pg. 5
Business Briefs Pg. 6
Regional Activity Pg. 7
Indiantown Enterprise Zone
FROM THE EXECUTIVE DIRECTOR The Business Development Board of Martin County (BDBMC) held its first ever Economic Summit on August 20, 2014 at Indian River State College Chastain Campus. Over one hundred and twenty Martin County elected officials, business leaders, CEOs, residents and community partners attended the event. Thank you to our guest speakers and panelists for making the full day event a huge success. Keynote speakers included:
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BDBMC Upco ming Events
Jesse Panuccio – Executive Director, Department of Economic Opportunity (DEO)
Chris Hart – President & CEO, CareerSource Florida
Melissa Medley – Chief Marketing Officer, Enterprise Florida (EFI)
Andrew Corty – President & Publisher, FloridaTrend Magazine
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Emergency Informatio n
Upcoming BDBMC Board Meeting
10:30 a.m. I n d i a n R i v e r S t a t e C ol l e g e — W ol f Hi g h T e c h n ol og y C e n t e r 2400 SE Salerno Rd., Stuart T h e B D B M C w i l l n ot b e h ol d i ng a n O c t ob e r m e e ti n g
Gray Swoope – Secretary of Commerce and President of Enterprise Florida (EFI)
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Community Briefs
SUMMER EDITION 2014
In addition to our state partner presentations, the event included one panel with 4 Martin County CEO’s and another with 5 small business owners/Chamber leaders. The panel discussions were an important component of the day as it is vital to hear directly from these principals on issues facing their companies in Martin County. The event centered around the partnership between state and local economic development organizations and the importance of utilizing all of the tools available in Florida for business development. Martin County has a unique business and residential atmosphere, that in my mind, stands out amongst other areas in
the state and we capitalize on these traits to encourage smart business development. Our existing business community is our number one priority at the BDBMC and watching them expand in Martin County is critical to the local, regional and state economy. In addition to the relationship with local companies, it is also important to attract complementary new businesses to the area and assist with their relocation needs. The correct execution of business retention, expansion and recruitment programs allows Martin County to further increase tax revenue while maintaining its exceptional quality of life and business community. Thank you for your continued support of the BDBMC and feel free to contact me with any questions or comments at tim@bdbmc.org or contact the office at 772.221.1380. Sincerely, www.yesmartinfl.com
Business Development Board of Martin County l 1002 SE Monterey Commons Blvd., Suite 203 l Stuart, Florida 34996
About GrowFL GrowFL was created in 2009 by the Florida legislature as an economic development program focused on assisting second-stage growth companies prosper in the state of Florida. By providing strategies, resources and support to second-stage companies for next level growth through strategic research, peer mentoring and leadership development, GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. Based on the philosophy of Economic Gardening®—to grow existing businesses in a community, region or state— GrowFL, the Florida Economic Gardening Institute, is a critical component to the state’s economic development strategy and Florida’s entrepreneurial ecosystem. Florida Companies to Watch Martin County Award Recipients
2014 LENCO Marine Level 3 Inspection PAC Seating Systems UCT Coatings 2013 Seatorque Control Systems Custom Agronomics 2012 ATGI H2Ocean 2011 Optima Healthcare Solutions
EXISTING BUSINESS COMPANY RECOGNITION
Four Martin County Targeted Companies Win This Year’s “Top 50 Florida Companies to Watch” Four Martin County companies nominated by the BDBMC are recipients of the 2014 “Top 50 Florida Companies to Watch”. Fifty leading second-stage companies have been selected from more than 500 nominations statewide as this year’s Florida Companies to Watch winners. The 2014 class will join an esteemed group of 150 Florida alumni honored over the past three years.
The companies selected for the Florida Companies to Watch awards program stand out among their peers as companies that should be celebrated. In Florida, they account for 5 percent of the companies and nearly 30 percent of the jobs. These companies make a difference and we’re happy to offer the recognition they deserve.”
Florida Companies to Watch is an awards program that celebrates privately-held, second-stage companies headquartered in the state. To be eligible, applicants must employ between 6 and 99 full-time equivalent employees and have between $750,000 and $50 million in annual revenue or working capital in place.
“The success of 2nd stage companies is evidence of a strong business community and their commitment to Martin County and the State of Florida.” - Tim Dougher Executive Director, BDBMC
Awardees are selected for demonstrating the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage, outstanding corporate culture, inspired community giving and other notable strengths. “Florida Companies to Watch is honored to recognize another outstanding group of stage-two companies,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization. This is our fourth year of celebrating second-stage business leaders throughout the state of Florida.
The impact of these companies on Florida’s economy is immense, and this year’s honorees are examples of such companies in the state. Overall, the 2014 winners had $370 million in total annual revenue in 2013, which was a 36 percent increase in total annual revenue compared to 2012. They employed 1,757 full-time equivalent employees, with 462 net new jobs projected for 2014. 2014 Sponsors include Wells Fargo, TWSquared, University of Central Florida, Florida High Tech Corridor, atLarge, Inc., Carlton Fields Jorden Burt, Filmscape, OUC, AMTIS Inc., Edwards Financial Services, Enterprise Florida, Fifth Third Bank, Florida Power & Light, Insperity, LSQ Funding, Sorensen Moving & Storage, SunTrust, USF Connect.
www.growfl.com
EXISTING BUSINESS COMPANY RECOGNITION
Lenco Marine is the true industry leader in the marine and boating world – manufacturing not only trim tabs but also electric actuators, hatch lifts, switches and the all new Auto Glide boat leveling system. Having expertise in electric technology Lenco Marine engineers and manufactures all of its products to make your boating fun, safe and trouble-free since 1986.
The world leaders in White Light Scanning and Computer Aided Inspection for precision manufactured products and tooling was founded in 2008. Having a diverse background in the aerospace industry gives Level 3 an unrivaled understanding of the requirements and challenges of inspecting gas turbine components, as well as other complex precision manufactured products. The staff is rich with OEM, after-market and supply chain expertise in drafting, design, manufacturing, advanced metrology, quality and metallurgy as related to gas turbine components as well as other high precision manufactured products
PAC Seating Systems was founded in 2002 by an accomplished core of aircraft seating professionals with over 150 years of combined industry experience. PAC is the only custom manufacturer in the world focused on Private and VIP Business Jet seating products. The company offers an extensive and diversified line of products including divans, track and swivel seats, bed frames and jump seats, with innovative product features including custom back shells, keyhole seat pan locking system and quick release seat track fasteners.
UCT helps its customers’ metal parts achieve unprecedented levels of performance and quality. UCT provides value to customers through a variety of means: An exclusive EXO nickel-boron coating, a range of conventional plating products, surface pretreatment expertise, collaborative application development, world-class standards of statistical process controls and engineering and metallurgical services.
Indian River State College Named a Finalist in the Top Community College Competition by The Aspen Institute
Low tuition and high job placement helped boost Indian River State College to the top 10 finalists in a competition for a $1 million prize for the nation’s top community college. IRSC was chosen from more than 100 applicants. The Aspen Institute, an education think tank based in Washington, D.C., will award its Aspen Prize for Community College Excellence in March. “I’m extremely proud that we had been selected. We worked really hard to have continuous improvement over the years.” - Dr. Edwin R. Massey President Indian River State College Indian River State College shows how a sustained and concerted effort by an entire college can yield very strong results for students,” said Joshua Wyner, executive director of the Aspen Institute’s College Excellence Program. “IRSC’s hard work to consistently support students from the moment they enroll through graduation and into the workforce has yielded steady, compelling increases in the number of students earning certificates and degrees.” www.irsc.edu
BUSINESS BRIEFS TWO ACCOLADES FOR FLORIDA POWER & LIGHT Named Most Trusted Electric Utility and a Top Ten Utility in Economic Development Florida Power & Light was named “The Nation’s Most Trusted Electric Utility” by Cogent Reports. FPL received the highest overall brand trust score, based on a survey of 19,000 residential utility customers served by the 125 largest natural gas, electric and combination utilities in the U.S., Cogent said. FPL president and chief executive officer Eric Silagy said in a statement, “We know we have to earn our customer’s trust every day and this ranking speaks to the dedication of our nearly 9,000 employees who are committed to providing extremely high electric service reliability, awardwinning customer service and electricity bills that are the lowest in Florida and 25 percent below the national average.” Florida Power & Light was named a “Top Ten Utility in Economic Development” for the second year in a row by Site Selection Magazine. The team at FPL helped companies in its territory create 11,997 jobs with nearly $15 billion in project investments, among 4.6 million customers in a 35-country area of Florida populated by 13.3 million people. www.fpl.com
Optima Healthcare Solutions, located in Palm City, was recently named “Florida’s Best Companies To Work For 2014” in the Midsized Companies Category by FloridaTrend Magazine for the third consecutive year! Optima Healthcare Solutions is the leader in providing Physical Therapy Documentation Software to contract therapy companies. www.optimahcs.com David Armellini, president and CEO of Armellini Express Lines Inc. in Palm City was named the 2014 SAF Paul Ecke, Jr. Award honoree. The Society of American Florists (SAF) presented the award, which represents exemplary devotion to profession, industry and community. “For more than two decades David Armellini has used his impressive knowledge of transportation, logistics and communications to introduce new ideas to the family business and industry – and also to give back to the community,” said SAF Chairman and Awards Committee member Robert Williams, II. Founded by Jules Armellini in 1945, Armellini Express is the country’s largest transporter of fresh cut flowers with terminals in Florida and California. www.armellini.com
STS Aviation Group in Jensen Beach was named a 2014 INC. 5000 Fastest Private Growing Company in America for Two Consecutive Years! STS Aviation Group provides support to the aviation and aerospace industries through line maintenance, engineering and maintenance support. The company was ranked 2,898 based on a 3 year growth rate at 126%, revenue in excess of $165 million and 280 jobs added over the past three years. www.stsaviationgroup.com
COMPANY SPOTLIGHT l MONTHLY EMPLOYMENT DATA
“We are very excited to achieve this important milestone for Cal-Maine Foods. Our sales for the year reflect
EYE ON IT
strong organic growth as well as the additional volumes related to recent
Current benefit Industry from favorable Trends consumer acquisitions. We have continued to
demand for eggs throughout fiscal
Cal-Maine Foods Achieves Record Annual Sales of over One Billion Dozen Eggs
2014. Industry studies show that eggs are found in nearly every household as consumers enjoy eggs' versatility and the variety of dishes
Cal-Maine Foods, located in Indiantown, is the largest producer and distributor of fresh shell eggs in the United States. In fiscal 2014, the company sold approximately 1.014 million dozen shell eggs, which represented approximately 23% of the domestic shell egg consumption. This significant milestone marks a new record year of sales for Cal-Maine Foods and the first time any domestic or world egg supplies has surpassed annual sales of over one billion dozen eggs.
that include eggs. Furthermore, 85
Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally-enhanced eggs. The Company, which is headquartered in Jackson, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in approximately 29 states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
proud of our record of growth and
www.calmainefoods.com
Monthly Employment Data — August 2014
percent of today’s egg consumers view eggs as a healthy part of their diet. We strive to meet this demand by offering a full complement of conventional, cage-free, organic and nutritionally enhanced eggs. We are equally
proud
of
our
team
of
employees who have worked so hard
to
achieve
this
milestone
for Cal-Maine Foods.” - Dolph Baker Chairman, President & CEO Cal-Maine Foods, Inc.
EYE ON IT
Current Industry Trends Year-Over-Year Growth in Sales Up Over Past 12 Months Latest NAM/Industry Week Survey of Manufacturers Indicates Positive Business Climate
CLICK HERE
Source: Department of Economic Opportunity/Monthly Employment Data Release
www.nam.org
The South Florida Water Management District , in collaboration with the Office of the Governor and the Florida Legislature approved approximately $101 million to construct the treatment wetlands portion of the C-44 Reservoir and Stormwater Treatment Area (STA).
INDIANTOWN ENTERPRISE ZONE
A former citrus operation in Indiantown is set to become a 6,300 acre wetland to clean local stormwater runoff before it reaches the St. Lucie River and Estuary. Once complete, the STA will include 32 miles of berms, 30 miles of canals and 56 concrete water control structures. Inside the berms, plants such as cattails, pickerel weed and bulrush will remove and store nutrients, including phosphorus, from the water before it flows into the St. Lucie River and Estuary. The six cells of vegetation are critical components of the overall C-44 Reservoir Project, which will also include a 3,400 acre reservoir capable of storing about 16 billion gallons of water and a pump station capable of moving 1,100 cubic feet per second (cfs) of water, or about 717 million gallon s a day, into the C-44 Reservoir.
Visit the Indiantown interactive website at itown.yesmartinfl.com
REGIONAL ACTIVITY
Florida’s Research Coast Economic Development Coalition
Orange County Convention Center l Orlando, Florida l October 21-23, 2014
Four Counties, One Goal: Economic Stability The Florida Research Coast Economic Development Coalition Board of Directors will be exhibiting at the National Business Aviation Association (NBAA) Annual Conference in Orlando October 21st through October 23rd
T
NBAA 2014 is the world's largest and most important business aviation event. Ranked as the fourth largest tradeshow in the U.S., NBAA2014 will feature over 1,000 exhibitors showcasing the latest products and services in the industry, nearly 100 side-by-side business aircraft at the static display, opportunities to network with 25,000 business aviation professionals and dozens of education sessions to ensure you are operating as safely and efficiently as possible.
For more information on Florida’s Research Coast Economic Development Coalition, please visit www.floridarc.com
UPCOMING BDBMC EVENTS
UPCOMING BDBMC EVENTS
Wednesday, October 29th 11:30 am Networking 12:00 pm Program
Hutchinson Island Marriott 555 NE Ocean Blvd., Stuart
Keynote Speaker
THE HONORABLE JOE NEGRON State Senator, District 32 FOR SPONSORSHIP AND RESERVATION INFORMATION
WWW.BDBMC.ORG/EVENTS 772.221.1380 l jill@bdbmc.org
COMMUNITY BRIEFS
Just a few of the ways the Business Development Board of Martin County can help your business:
Building, Relocation and Site Selection
Financial Assistance and Grant Resources
Training & Workforce Development
Data and Market Intelligence
Business Synergy
Export & International Trade
General Business Assistance
Do you need assistance with something not on this list? Contact us at 772.221.1380 Have questions about something you read here? Contact us at 772.221.1380 As an existing business in Martin County, you are the lifeblood of our community. Helping you grow by navigating the unique challenges of expansion is our expertise. We help businesses of all shapes and sizes, recognizing that no two businesses are the same. Whether you’ve outgrown your space, need a little training for your employees, in need of marketing assistance, or anything in between… we can help!
Congratulations to the Treasure Coast SCORE Chapter 308 ... Named PLATINUM CHAPTER at the 2014 Annual SCORE Leadership Conference! Each year all SCORE chapters are reviewed by their District Director in what SCORE calls SOSR – SCORE On-Site Review. The review consists of measurements as to how each chapter stacks up in over twenty areas such as operations, finance, ethics, leadership and chapter growth. Treasure Coast SCORE was one of only sixteen chapters nationally out of 320 chapters to receive this award two years in a row. Treasure Coast SCORE counselors have direct experience in business start-ups, manufacturing, high technology, insurance, public relations, retail operations, textiles, pharmaceuticals, legal, banking, finance, tax, distribution, information technology, materials, engineering, sales & marketing, specialty retailing, acquisitions, turnarounds and divestitures. SCORE Chapter 308, has its main office in Ft. Pierce and branch locations in Hobe Sound, Jensen Beach, Palm City, Port St. Lucie, Stuart and Vero Beach. For more information, please contact Treasure Coast SCORE at 772-489-0548 or visit www.treasurecoast.score.org.
Congratulations to Martin County's S.P.A.M. Robotics Team! The team took top honors over the summer with the Engineering Design Award and Captain of the Winning Alliance at the Panther Prowl at the Florida Institute of Technology!
www.spamrobotics.com
Do you have a Business Brief you wish to share? New Product or Service? Relocation? Expansion? Recognition? Send your information and photo via email to: info@bdbmc.org
BDBMC ACTIVITY SUMMER EVENTS July 10th
Nancy “MOM” Sailor LEADERship Director Retirement Celebration
July 16th
Stuart Lodge Assisted Living Facility Ribbon Cutting Event
Business Development Board of Martin County
July 25th
Tour of Martin County with Jesse Panuccio, Director, Department of Economic Opportunity
1002 SE Monterey Commons Blvd., Suite 203 Stuart, Florida 34996
August 4th
Council of Chambers Breakfast with Governor Rick Scott
August 5th/6th
Enterprise Florida Marketing and Stakeholders Meeting
August 20th
Martin County’s Economic Summit “Partners For A Stronger Florida”
August 21st
Business Development Board of Martin County Board of Directors Meeting
September 6th
Indiantown Western Martin County Chamber of Commerce Golf Tournament
September 6th
Business Development Board of Palm Beach Annual Gala
September 10th Stuart/Martin County Chamber Luncheon sponsored by ITS Fiber September 12th Industrial Development Authority Board Meeting September 18th Business Development Board of Martin County Board of Directors Meeting September 24th Palm City Chamber of Commerce Breakfast with County Administrator Taryn Kryzda
772.221.1380 l info@bdbmc.org www.yesmartinfl.com www.bdbmc.org Board of Directors Jeff Sabin, President Dan Carmody, President-Elect Mark Robitaille, Secretary Steve Fenton, Treasurer Donna Banister Maura Barry-Sorenson Henry Copeland Beth Gaskin Commissioner John Haddox David Kollar Commissioner Troy McDonald David Powers Commissioner Anne Scott Odias Smith Leonard Sucsy Ken Norman, Legal Counsel
September 27th Stuart/Martin County Chamber of Commerce Annual Installation Dinner
UPCOMING EVENTS October 3rd
Council of Chambers Luncheon with FAU President John W. Kelly, Ph.D.
October 24th
Martin County Career and Job Fair at Indian River State College
October 29th
2014 Business Appreciation Luncheon at Hutchinson Island Marriott
Tim Dougher Executive Director
~ Click on the logos below to learn more about our Business Community Partners and the benefits of membership ~
Jill Marasa Business Development & Finance Manager The Business Development Board of Martin County is the county’s official economic development organization, and partner of Enterprise Florida, Inc. and Florida’s Research Coast. The mission of the BDBMC is to promote economic prosperity in Martin County by retaining and assisting existing businesses while preserving the quality of life, and expanding educational and employment opportunities.
The BDBMC is funded in part by the Martin County, Florida Board of County Commissioners
EMERGENCY INFORMATION
Though many disasters are more or less predictable...some are totally unpredictable. The Business Development Board of Martin County and the local Chambers of Commerce are working with the countywide Emergency Operations center in disaster preparation to aide local businesses and the community in disaster recovery efforts.
Our efforts are to maintain communication during emergency situations and recovery efforts
PLEASE‌ KEEP THIS EMERGENCY INFORMATION HANDY