Northeast Florida Economic Development CED

Northeast Region: Northeast & East Central

Florida League of Cities Annual Conference

Connect With Your Region: Economic Development Resources Hollywood, FL August 24, 2012

Brian D. Teeple, AICP Chief Executive Officer Northeast Florida Regional Council Jacksonville, FL

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Overview      

Regional Planning Councils Economic Development Districts Comprehensive Economic Development Strategy Regional Econometric Modeling Grant Writing & Administration Summary

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Florida Regional Councils Association Partnerships for the Future  Statewide association of regional planning councils  Strengthens Florida’s regional planning councils  Partners with government & business community to enhance regional economic prosperity  Improves consistency & quality of regional planning programs adding value to state, regional & local initiatives

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Regional Planning Councils Organization    

11 regions Association of local governments 2/3 local elected officials 1/3 gubernatorial appointees

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Regional Planning Councils Northeast Florida Region  Counties: Baker, Clay, Duval, Fagler, Nassau, Putnam, St. Johns

East Central Florida Region  Counties: Brevard, Lake, Orange, Osceola, Seminole, Volusia

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Regional Planning Councils Mission    

Coordinate intergovernmental solutions Support regional economic development Provide assistance to local governments Convene regional leaders

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Regional Planning Councils Portfolio       

Economic development planning Emergency preparedness planning & training Homeland security training Transportation planning Regional strategies Geographic information systems mapping Local government services

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Regional Planning Councils Role in Economic Development  Support economic development organizations  Convene leaders to develop regional vision  Develop Comprehensive Economic Development Strategy  Perform regional econometric modeling  Provide grant writing & administration technical assistance

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Regional Planning Councils Economic Development Districts  Designated by U.S. Department of Commerce Economic Development Administration  Charged with developing & adopting Comprehensive Economic Development Strategy

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Comprehensive Economic Development Strategy

Strategy  Analyzes regional economy, guides regional goals & objectives, identifies investment priorities & funding sources  Brings public/private sectors together to develop economic roadmap to diversify & strengthen regional economies  Serves as vehicle to justify & draw down federal funds

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Comprehensive Economic Development Strategy

Required for U.S. Economic Development Administration Funding  U.S. Economic Development Administration investments in Florida, 2003 - 2010  $66 million invested  60 projects  13,700 jobs created/retained  $1 billion in private capital investment

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Comprehensive Economic Development Strategy

Strategy Committee Composition       

Private sector Public officials Community leaders Representatives of workforce development boards Representatives of higher education Minority & labor groups Private individuals

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Comprehensive Economic Development Strategy

Strategy Content    

Condition of region Strengths, Weaknesses, Opportunities & Threats Analysis Goals & Objectives Plan of Action

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Comprehensive Economic Development Strategy

Plan of Action       

Promote economic development Foster transportation access Enhance & protect environment Maximize workforce development Promote use of technology Balance economic development & environmental quality Secure funding & resources

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Economic Development Districts Coordinated Strategy Statewide Alignment & Standardization    

Alignment among District Strategies Common Data Sets & Measures Common Language & Template Uniform Framework

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Economic Development Districts Coordinated Strategy Florida Chamber Foundation  Six Pillars of Florida’s Future Economy  Organizing Framework for Strategies

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Economic Development Districts Coordinated Strategy

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Economic Development Districts Coordinated Strategy Six Pillars Indicators      

Talent Supply & Education Innovation & Economic Development Infrastructure & Growth Leadership Business Climate & Competitiveness Civic & Governance Systems Quality of Life & Quality Places

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Economic Development Districts Coordinated Strategy Coordinated Comprehensive Economic Development Strategy  Incorporates Six Pillars concepts into Strategy requirements  Matches federal Strategy guidance documentation with Six Pillars concepts

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Economic Development Districts Coordinated Strategy

State Five-Year Strategic Economic Development Plan    

Florida Department of Economic Opportunity Streamline Community, Workforce & Economic Development Attract, Expand & Create Businesses Measure Success

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Economic Development Districts Coordinated Strategy Statewide Alignment & Standardization  Alignment with Florida Chamber Foundation’s Six Pillars of Florida’s Future Economy  Alignment with Regional Economic Development Districts Comprehensive Economic Development Strategies  Alignment with State’s Five-Year Economic Development Strategic Plan

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Regional Econometric Modeling Regional Economic Modeling, Inc.     

Dynamic modeling tool National data calibrated for region Economic & demographic analysis & forecasting System-wide effects for short- & long-range time horizons Hypothetical or actual projects

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Regional Econometric Modeling Primary Input Variables    

Industry sector Capital investment for building & equipment Number of jobs Average wage

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Regional Econometric Modeling Primary Output Variables    

Population Secondary jobs multiplier Income Ad valorem property taxes

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Grant Writing & Administration Economic Development Infrastructure Grants     

U.S. Economic Development Administration U.S. Rural Development Florida Small Cities Community Development Block Grant Florida Economic Development Transportation Fund Florida Rural Infrastructure Fund

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Economic Development Districts Summary  Regional Planning Councils  Comprehensive Economic Development Strategy  Standard Format, Language & Data Sets  Organizing Framework - Six Pillars  Strategy & Technical Reports  Alignment  State Five-Year Strategic Economic Development Plan  Florida Chamber Foundation Economic Development Plan  Regional Econometric Modeling

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Contact Information Northeast Florida

Brian D. Teeple, AICP, Chief Executive Officer Northeast Florida Regional Council bteeple@nefrc.org 904.279.0880, ext. 103

East Central Florida

Hugh W. Harling, Jr., Executive Director East Central Florida Regional Planning Council hharling@ecfrpc.org 407.262.7772, ext. 303

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