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End Game
State government aligned to encourage economic development
through a better utilization of state economic development
resources, removal of duplicative resources and redirecting
state agencies so they facilitate economic development. "
The Problems
Economic Development at the state level is very difficult to
navigate. It is very decentralized without strong leadership at
the highest level of government, lacks strong policy and
strategic direction, is not appropriately focused on job creation
and results in local and state fragmentation that leads to
unnecessary intra-state competition. "
Several state and local agencies are not tasked with being job
creators nor to not inhibit Economic Development within the
state and often are obstructions to Economic Development
efforts.
First 90 Days"
ED Structure and Leadership – "
Announce Governorʼs intention to be an active leader for Economic
Development by reaching out to key prospects and requesting that
one of his staff get routine reports on key prospects from ED
professionals for him to contact"
Announce planned attendance at key Economic Development
events (e.g. Paris Air Show, Farnborough, BioTech conference)"
Set up meetings with key ED professional around the state"
Announce creation of Cabinet Level Officer who will lead and
coordinate all state wide ED efforts"
State Agenciesʼ Support of Economic Development Efforts - Announce
intention to streamline responsibilities of DCA, DEP, WMD, FWC and
FDOT to remove duplication of efforts and align their missions with job
creation "
ED Structure and Leadership "
Appoint Cabinet Level Officer located on the Plaza level and
empowered to provide direction to state ED efforts and to remove
obstacles to ED efforts without creating a new bureaucracy"
Create one Strategic Plan in line with state objectives and goals for ED
aligned with the governorʼs plan"
Empower one state agency to be the lead on ED and remove
duplicative efforts"
State ED agency should connect with local and regional ED bodies"
Invest state resources on agencies and activities that have the highest
return – job creation and economic growth"
Pass legislation to appropriately structure ED and make sure itʼs the
first bill passed/bill signed by the Governor if possible"
State Agenciesʼ Support of Economic Development Efforts"
Make job creation and the cost to business a consideration for all state
agencies"
Assign an “expeditor” in the ED agency who will facilitate the permitting process
for prospects and work with agency “expeditors” and create expedited process
for qualified projects"
Create “dashboard” for the Governor and state ED agency that regularly tracks
projects pending before state agencies and the job and economic impacts of
the projects"
Someone at state level should evaluate issues involving state and local inter-
jurisdictional impacts with the goal of removing duplication and complications "
Move agencies back to original mission and make mission consistent across
the state for agencies"
Stop duplicative enforcement and regulatory efforts"
Consider incentivizing local jurisdiction for adopting state policies"
One Deputy Chief of Staff for agencies related to ED or who impact ED efforts
through regulation and permitting"
End Game
• Doubling Capacity
– Develop a pool of graduates with degrees needed for regional and
statewide development
• Science, Technology, Engineering and Math (STEM)
• Health & Life Sciences, Education, Business and More
• Capital Improvements
– Enhance labs, classrooms and office space
• Attracting & Retaining
– World-class faculty
– Top students
The New Florida Initiative:
Leverage University Strengths
• Competitive Program
– Technology sectors match university research strengths
– Require 2:1 match from industry partner
• Competitive Program
– Require 1:1 match from local government or private sector
– Target high-impact or high-technology ventures
– Sound plan required, not limited to universities
• Job Creation Estimate:
– Year one: 2,500
– Year two: 3,500
– Year three: 4,500
– Year four: 5,500
– Year five: 6,500
– Total: 22,500
The New Florida Initiative:
Funding
Florida Becomes …
• More attractive for high-tech, high-wage industry
• More likely to increase entrepreneurial startups
Florida
– Coherent / Aggressive
Economic Development Strategy
• Centralized Structure at State Level
• Clear Leader with Decision Making
Authority
• Comprehensive and Ongoing Internal/
External Analysis
Economic Incentives
General Overview
Internal Analysis
• Centralized Information/Data Hub
• Types of Industries/Jobs We Have and Want
• Retention of Current Businesses
• Expansion of Current Businesses
• Recruitment of New Business
• Competitive Advantages/Disadvantages
• State / Regional / Local
• Current Tax Policy and Incentives
• What is Working/What is Not - Max Effectiveness
Economic Incentives
General Overview
Australia $106.7
Hawaii $71.8
Austria $ 72.8
California $50.0 Bahamas $ 79.4
Illinois $48.9 Belgium $ 89.3
Texas $34.3 Brazil $ 72.0
Florida $29.4 Canada $ 65.3
Michigan $18.7 Cyprus $142.3
Colorado $18.3 France $113.3
Greece $138.1
New Mexico $17.4
Ireland $111.6
Missouri $16.7 Korea $ 82.9
Louisiana $15.9 Malaysia $113.5
Portugal $ 69.7
50 states collectively invest $663 million per Romania $128.9
year in destination marketing South Africa $100.0
Spain $121.3
Switzerland $ 74.4
UK $135.7
– Fully fund VISIT FLORIDA® with an annual investment of $62.5 million by the
State – matched $1 to $1 by the Florida tourism industry
• OUTCOME:
– Additional investment will allow VISIT FLORIDA® to reach new markets and
add tourism jobs
• These new jobs will help the state regain the 138,000 jobs lost from it’s pre-
recession peak of 1,007,000 employed Floridians
Post-PANAMAX port
competitiveness requires:
Water depth of at least 48 feet
Multi-modal supporting
infrastructure
Mission Statement:
Ensure Florida’s key ports remain
competitive in an evolving global
containerized trade market
Note: Both Miami and Savannah are authorized for > 48’ water depth;
Discretionary Markets are beyond 250 miles from the ports
Florida ports have lost market share since 2000
East Coast Container Market Share Other ports have developed and
2009 versus 2000 are executing strategic plans
— Land plans
— Multi-modal infrastructure plans
— Dredging plans
Planned &
Miami 42’2 $150M 12.7M
Funded
1Annualinvestments exclude dredging costs & multimodal capital (source: Florida Seaport Transportation
& economic development council)
Additional funding required for port competitiveness
1 Martin Associates’ The Economic Value of the 50 Foot Channel at the Port of Miami - June, 2010
2 Florida Seaport Transportation and Economic Development Council’s A Five-Year Plan to Achieve the Mission of Florida’s Seaports - March, 2009
Governor-elect Rick Scott
Transition Team Proposal
“Port Investment”
December 22, 2010
Florida’s climate and geography favor large-scale
solar and biomass energy development
Florida’s universities are creating the enabling
technologies for current and future renewable
energy platforms and new industries
Floridians strongly support renewable energy
Government Commitment is needed
Florida’s energy companies are poised to invest
hundreds of millions of dollars in renewable
energy and hire thousands of workers
A market-driven expansion of Florida’s renewable
energy would encourage a new energy economy
69
Florida has potential for high
solar penetration and export
PV industry is the fastest
growing in world for 6 years
Clean, free fuel, mitigates risk
70 (1)
h&p://www.ci.zensforcleanenergy.com/facts.html
Florida universities are national leaders in next-
generation solar and biomass technologies
Thin-film photovoltaics that are lowest cost and can be
integrated into building materials
Biofuels from organic waste, energy crops and algae
Batteries
University technologies result in spin-off companies
Last year, 7 business start-ups in Florida, 16 new
technologies were licensed
Universities leverage state investment for federal and
private funding and create new jobs
$38 million investment was leveraged
Received $84.4 million federal and private funding during
last fiscal year
71
Over 80 percent of Floridians believe that investing
in renewable energy is important to:
Reduce dependence on foreign oil and make the U.S.
more secure
Create jobs for Floridians and improve the state’s
economy
More than 70 percent of Floridians believe that
paying a dollar or more on their monthly utility bill is
reasonable for renewable energy generation
FPL’s original 110 MW of solar was installed for less
than $0.25 per month on a typical customer bill
72 (1)
Source:
Florida
TaxWatch
statewide
survey
conducted
by
McLaughlin
&
Associates
A regulatory cap is the only barrier to hundreds of
megawatts of new generating capacity
Public Service Commission approved 110 MW in 2008
Florida Power & Light invested $600 million in two
years and created 1,500 direct jobs quickly
Government commitment to renewable energy by
increasing the regulatory cap creates confidence
in the market to attract industry to Florida
Need regulatory authority for energy companies to
build more renewable energy
The market must be sustainable over time to create an
environment for manufacturing jobs
73
FPL has identified sites for more than 500 additional
MW of solar power
Two projects totaling 60 MW are fully permitted and
construction can be initiated within 30 days of approval
An additional 450 MW of projects are in late stage
permitting and can begin construction before the first
two projects are completed
Other Florida investor owned utilities have pursued
renewable projects
700 MW of renewables could expand Florida’s economic
activity by $8.1 billion and add 40,000 new jobs (1)
Transition
Brie,ing
December
2010
FDOT
Agency
Review
Team
Team
Members
Doug
Callaway,
President,
Floridians
for
Better
Transportation
(FBT)
84
Transportation
Public
Oversight
Body
9
Members
–
5
Staff
Private
sector
appointments
by
the
Governor
Advisory
to
the
Governor
&
Legislature
Currently
2
appointments
to
be
,illed
FDOT
Reviews
Annual
work
plan
and
operations
Sets
performance
criteria
FDOT
Secretary
Selection
Provides
3
quali,ied
candidates
to
the
Governor
for
selection
16
Independent
Transportation
Authorities
Reviews
Operating
procedures
and
,inancial
structure
No
regulatory
authority
–
just
reporting
Santa
Rosa
Bridge
Authority
85
Transportation
Funding
Legislative Issues
86
Transportation
Funding
Action
Items
1. Stop
future
raids
on
the
Trust
Fund
2. Restore
funds
slated
for
transportation
to
the
Transportation
Trust
Fund
Tag
&
Title
Fees
Stop
Turnpike
“giveaways”
and
index
tolls