Enterprise Florida Board of Director’s Meeting

January 29, 2016 Tallahassee, Florida

Alan BeckerBoard of Directors Vice Chair

Welcome

ROLL CALL

Chairman’s Welcome

Governor Rick Scott

Job Creator Awards

7

Finance & Compensation Report

Marlin Hutchens, Chair

– Author

Audit Committee Report

Brian Lamb, Chair

House Legislative Update

Representative Jim Boyd

Senate Legislative Update

Senator Nancy Detert

Regional Update

Jeff Hendry, Executive DirectorNorth Florida Economic Development Partnership

A SNAPSHOT OF RURAL ECONOMIC DEVELOPMENT IN FLORIDA

Presented to Enterprise Florida Board of Directors

By

Jeff Hendry, Executive DirectorNorth Florida Economic Development Partnership

January 29, 2016Augustus B. Turnbull IIIFSU Conference Center

Tallahassee, Florida

Presentation Objectives

● Importance of Rural Economic Development in Florida

● Critical Need for Incentives and Rural-Focused Programs for Competitiveness

● Rural Project Examples

● Rural Priority Number One: PRODUCT DEVELOPMENT Resources/Investment in identifying and evaluating High-Priority, High Quality Sites for Private Development (Strategic Sites Inventory)

Florida’s RAO Counties

Escambia

Santa Rosa Okaloosa Walton Holmes Jackson

Washington

Bay

Calhoun

Gadsden Leon Jefferson Madiso

n Hamilton

TaylorWakulla

Liberty

Franklin

GulfLafayette

Suwannee Columbia

AlachuaDixie

Bradford

Gilchrist

Baker

Nassau

Duval

ClaySt. Johns

Putnam

Flagler

Marion

Levy

Citrus

Pasco

Volusia

Hernando

Sumter

Lake

Hillsborough

Manatee

Polk

Seminole

Orange

Brevard

Osceola

Highlands

Sarasota

Hardee

DeSoto

Okeechobee

Charlotte

Lee

Glades

Hendry

Collier

Indian River

St. Lucie

Martin

Palm Beach

Broward

Monroe

Dade

Northwest FloridaRAO

1. Calhoun2. Franklin3. Gadsden4. Gulf5. Holmes6. Jackson7. Liberty8. Wakulla9. Washington10.City of Freeport

South Central Florida RAO

1. DeSoto2. Glades3. Hardee4. Hendry5. Highlands6. Okeechobee 7. City of Belle Glade8. City of Pahokee9. City of South Bay 10. Immokalee Area

(included within the Round II Federal Enterprise Community

Rural Areas of Opportunity (RAO)1. The area in green is the area first designated as a Rural Area of

Opportunity.

2. The area in orange is the second area designated as a Rural Area of Opportunity.

3. The area in yellow indicate the third area designated as a Rural Area of Opportunity.

Immokalee Area

Pahokee

Belle Glade

South Bay

North Central Florida RAO

1. Baker 8. Lafayette

2. Bradford 9. Levy

3. Columbia 10. Madison

4. Dixie 11. Putnam

5. Gilchrist 12. Suwannee

6. Hamilton 13. Taylor

7. Jefferson 14. Union

Freeport

Project Breaker – Gadsden County

• County average wage is $31,828• Retention / Expansion of Freight & Logistics support company• Lead generated through County EDO profile in 850 Magazine• Retaining 21 Florida jobs at an avg wage of $50,298• Adding 10 new to Florida jobs at an avg wage of $50,500• $2.1 million capital investment plus $400,000 of infrastructure needs

• Greenfield Build‐to‐Suit 25,000 square feet• 8.5 acres with Interstate 10 visibility• 1750 linear feet of new access road and water, sewer and electric utilities• Additional turn lane onto access road

Project Development Parameters

• Does not qualify for QTI• Dependent upon CDBG and Rural Infrastructure Fund• Potential candidate for EDA funding• Company evaluated 4 sites with interstate visibility• EDO invested $10,000 to conduct detailed sites analysis• Company will support workforce training program at County technical school – EDO and Tech School reps traveled to Alabama to tour similar company sponsored program

• MUST HAVE INTERSTATE VISIBILITY

CATALYST SITE 2011

CATALYST SITE 2012

KLAUSNER JANUARY 2016

KLAUSNER LUMBER ONE (Suwannee County)

State and Federal Incentives: $12,096,000Private Capital Investment (Over Three Years): $130,000,000

Jobs and Economic Impact:Construction Phase Jobs (Temporary):  ● 734 (direct, indirect, induced) $29,535,735

Operations Phase Jobs (Permanent—3 years)● 940 (direct, indirect, induced) $36,803,336 *

*This figure is the impact ANNUALLY*Average Wages: $39,900*

*Includes Health, Retirement BenefitsSuwannee County Average Wage:  $25,182

Estimated, Aggregate Value Proposition Over 10 years: $907,471,987**Includes Company Private Capital Investment, State and Federal Incentives, construction and operations jobs income over ten years.

President’s Update

Bill JohnsonPresident & CEO

EFI Board MeetingJanuary 29, 2016

Bill JohnsonSecretary of Commerce

President & CEO Enterprise Florida

Job Creation: Four-Year Recap

Goals for FY 2016Division Goal FY 15-16

GoalMid Year

ActualExecutive Office Job growth 27,500 11,296

Business Development Announced (established) Projects 160 73

Capital Investment $2.25B $1.24BInternational Trade

DevelopmentTarget Sector Client Consultations 1,800 1,170

Clients are in Target Sectors 70% 80%

Marketing and Communications

Positive messages across all news and trade media 550 230

Website Traffic 250,000 361,777 (by 101,634 unique users)

MaSBEC Commit funding to loan programs that support Smalland Minority –owned businesses

$5M $2.28M

Invest in VC-type funding for Small and Minority –owned businesses

$5.0M $1.95M

Florida Sports Foundation

Assist Florida regions to bid on 15 events per quarter

60 63

Produce ROI of $150:1 from 3 grant programs $150:1 $231:1Produce Sports Tourism jobs 4,000 4,026

StrategicPartnerships

Board Member Retention 92% 100%

Private Funds Invested in EFI $1.75M $800, 000

Administer Defense Support Task Force 100% 100%

Growing Florida’s Economy

Target: Connecticut

Reasons Projects Were Lost

0

10

20

30

40

50

60

Incentives Site Location Financing Workforce Tax Climate

Num

ber o

f Pro

jects

• Legislative Agenda Top Priority

• Strong Team In-house, New Outside Resources

• Public-Private Partnerships Throughout State

• Reviews & Audits

2016: Opportunities & Challenges

33

Business Florida is…

• Fearless

• Original

• Independent…

• And Always Looking to The Future

Launching a New Marketing Campaign

Team Florida Marketing Update

Joe HiceChief Marketing Officer &

SVP

Eric SilagyChair

DEO Update

Cissy ProctorExecutive Director

Department of Economic Opportunity

George BurgessCOO

Becker & Poliakoff, P.A.

Public Private Partnerships

Diane GonzalezSVP

Enterprise Florida, Inc.

Yukiko KojimaPartner

Nossaman LLP

ACTION ITEMS

APPROVAL OF MINUTES

CONSENT AGENDA

Board Membership Renewals

Carol CraigFounder & CEO

Alan BeckerAttorney/Founding Shareholder

Eric E. SilagyPresident & CEO

Andy RosenChairman

Gilberto NevesPresident & CEO, USA

Ernie DiazRegional President

Joe MeterchickRegional President - Florida

Jorge GonzalezPresident & CEO

Marlin HutchensMarket Vice President

Anthony ConnellySVP, Operations – Disney Cruise Line

New Board Member

Bill MartinChief Executive Officer

Florida Realtors

New Company Representatives

Tom PennekampGovernment Relations

ManagerSunTrust Bank

Michael L. DosalMarket Manager - Middle

Market Commercial Banking

JPMorgan Chase & Co.

2ND QUARTER INTERIM FINANCIAL STATEMENTS –

ENDING DECEMBER 31, 2015

VISIT FLORIDA Board Recommendations

Toni CarracioloVP of Marketing & Sales

SeaWorld Parks & Resorts Orlando – SeaWorld, Discovery

Cove and Aquatica

Samantha H. PadgettGeneral Counsel

Florida Retail Federation

RATIFICATION OF LEGISLATIVE PRIORITIES

2015/2016 OPERATIONS PLAN

Public Comment

APPROVAL OF CONSENT AGENDA

Special thank you:

Robert CokerSenior Vice President, Public Affairs

Special thanks to our sponsors:

ENTERPRISE FLORIDA INVESTORSENTERPRISE FLORIDA INVESTORS

CLOSING REMARKS & ADJOURNMENT

SAVE THE DATES

May 10 – 11, 2016: Naples*

September 28 – 29, 2016: Orlando

November 29 - 30, 2016: Sandestin*

*Please Note that these dates have changed and the meetings are being held on Tuesday and Wednesday.

ENTERPRISEFLORIDA.COM