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Home My WebLink About2009 06 22 Other Handout Metro OrlandoDate: June 22, 2009 The attached was provided to the City Commission during the June 22, 2009 City Commission Regular Meeting. WHAT WE DO HOW WE DO IT Before you can understand The Metro Orlando Economic Development Commission what we do, you must first understand how we measure success. The Metro Orlando Economic Development Commission (EDC) works to diversify and build our region's economy. That goal is constant and unending, requiring continuous focus on developing resources and enhancing the region's business environment. Our success is based on more than numbers. It's based on an understanding that enhancing our product, Metro Orlando, is as important as marketing the product. And, that a changing business world means we must continually adapt our way of thinking. This understanding drives every facet of our key services. Together with our partners, the EDC is achieving success. Since its start in 1977, the EDC has assisted thousands of companies relocate, expand and grow in Metro Orlando. This has led to the creation of more than 135,000 created/retained jobs, over $7.5 billion in community investment, A not-for-profit, private-public partnership, the EDC is dedicated to meeting the needs of today's industries and creating a competitive economic climate where business thrives. We provide key services and support to help businesses do business in our community. While we can't list them all, here are some of the many resources available through the EDC. EXISTING LOCAL COMPANIES Permitting: Helps local companies to quickly navigate the permitting process as they grow and expand. Workforce recruitment and training: Coordinates support by local workforce boards and educational institutions to companies seeking to hire and train employees. Export counseling: Assists in finding and expanding export sales opportunities. Financial assistance: Resources for companies interested in obtaining financial incentives, grants, Industrial Development Revenue Bonds and other support. Statistical data: Access to key market research, demographics, workforce data, taxes, cost of living comparisons, and much more. CORPORATE CLIENTS/CONSULTANTS Community analysis and site selection: With expertise in current market availability of real estate, clients find is a regional economic development organization .. that serves the City of Orlando, and Orange, Seminole, Lake and Osceola counties. We are proud to be recognized among the top economic development groups in the world. Permitting: Connects relocating companies with appropriate government departments. Financial assistance: .~` ,~ Helps expanding/ relocating companies _ obtain financial ~ incentives, grants ~" and other support. s Workforce recruitment n and training: Locates resources necessary 3/ to address specific workforce needs. and choose appropriate locations. Statistical data: Maintains information -~~_ clearinghouse readily accessible to ~" ,, companies considering the region. ~:: and increased opportunity HOW WE MAKE A DIFFERENCE FILM AND TELEVISION PRODUCERS Location library: The EDC's Metro Orlando Film & Entertainment Commission maintains an extensive on-line library of more than 10,000 locations suitable for a variety of productions. Site location and scouting assistance: Hosts comprehensive familiarization tours for producers considering filming in the region. Permitting: Assists producers through the permitting process by acting as a liaison with dozens of city and county offices and departments. Filmbook: Maintains the comprehensive Orlando Filmbook. , Produced annually, this valuable source contains information on everything from local soundstages to qualified crews. 1 ENTREPRENEURS Local incubators: Promotes and partners with local incubators dedicated to increasing the success of start-ups, including the nation's top tech incubator at the University of Central Florida (UCF). National Entrepreneur Center: Promotes and partners with the Orlando-based National Entrepreneur Center, one of only two such centers in the nation, to directly assist small businesses and entrepreneurs. Availability of capital: Hosts an equity capital working group and participates in annual events aimed at opening doors for local entrepreneurs to obtain needed capital. In addition to providing traditional corporate services, the EDC also spearheads a variety of other activities, including marketing Metro Orlando as a business location; managing local community programs; and working to develop the region's business infrastructure. Programs managed by the EDC Central Florida Technology Partnership EDC Foundation for Education Other EDC initiatives and activities / Implement regional branding initiative "Putting imagination to work" /Manage Military Affairs Advisory Committee / Host Industry Innovation Awards Manage Industrial Development Revenue Bond Program Participate in Florida High Tech Corridor Marketing Committee Partner in Enterprise Florida Promotional and Stakeholder Initiatives Manage Metro Orlando Technology Strategy Support Local Trade Associations Promote Pro-Business Legislative Agenda Research opportunities: Supports local educational /Host Inbound and Outbound Trade Missions institutions in ongoing efforts to increase research dollars I Support Manufacturers Association of Central Florida and to partner with area companies. I Facilitate In-Depth Industry Studies "We applaud the Metro Orlando EDC's hard work and perseverance, for they have helped create an environment in which we can continue to hire outstanding local talent who can help us mahe great games. We've always loved this area, and now, with the combined support from state government, local business and academic institutions, we can build the infrastructure needed to sustain our rate of growth here." Steven Chiang, vice president and studio general manager, Electronic Arts-Tiburon Metro Orlando Film & Entertainment Commission WHO WE'VE HELPED ~~ ' ~1~'tj'r a ~, The EDC has worked with companies of all sizes from around the world, including: Air Force Agency for Modeling & Simulation I AirTran I Amateur Athletic Union (AAU) American Automobile Association (AAA) / AOL I Banco Popular /Bank One Bank of New York I Campus Crusade for Christ I Channel Intelligence Charles Schwab / Cingular Wireless I Circuit City Inc.( Coca Cola Industries Convergys I Correct Craft/Nautique I Darden Restaurants / Disney Worldwide Shared Services) DeVry Inc. I Domino's Pizza, Inc. I Dynetech / Electronic Arts - Tiburon I Fairfield Communities, Inc.( FedEx I Fiserv/Fiserv CBS Frito-Lay, Inc. I Goodyear Tire & Rubber Company I Home Depot / Indra / Infinite Photonics I JetBlue Airways I Lockheed Martin / Lowe's Marriott Vacation Club International (McLane/Suneast, Inc. Mitsubishi Heavy Industries I Oracle Corporation I Papa John's I Planet Hollywood Progress Energy /Scholastic Books / Siemens Westinghouse I Toys 'R Us Valensa / Walgreens /Wall Street Journal I Wells Fargo I Whirlpool Wycliffe Bible Translators Clients served by the EDC'S METRO ORLANDO FILM & ENTERTAINMENT COMMISSION include producers of feature films, television series, music videos and many other categories. A partial list of projects includes: ABC's Good Morning America I Alan Jackson /America's Most Wanted Backstreet Boys (Creed /Dave Matthews Band (Disney I ER / Emeril Live / ESPN I Fear Factor I The Golf Channel I HBO's From the Earth to the Moon / Instinct / Jeepers Creepers / Mulan /House on Haunted Hill The Jeff Corwin Experience I Kenny Chesney /Kodak Larry The Cable Guy: Health Inspector Monday Night Football featuring Hank Williams I Monster I Mortal Kombat Conquest Nanny 91 1 I Orlando Magic I N'Sync I R. Kelly I Trading Spaces I The Waterboy Commercial clients include: AARP / Administaff I American Automobile Association (AAA) I American Express AT&T / Bennigan's I Best Buy / BlueCross BlueShield / Buick / Cadillac /Chevrolet Dodge I Ford I Gatorade I Home Depot I Honda I Isuzu I Kodak I Lowe's / OUC I Papa John's (Pepsi / SeaDoo I Sears /Toyota Regional Offices Seminole County 1230 North Douglas Avenue, #1 16 Longwood, FL 32779 P. 407.665.2903 F. 407.665.2920 Lake County 900 North 14th Street, Second Floor Leesburg, FL 34748 P. 352.728.0899 F. 352.728.0877 Serving Orange, Seminole, Lake and Osceola counties and the City of Orlando www.OrlandoEDC.com ~'C'y.,.... m ~ d ~ .. a WHY SUPPORT ECONOMIC DEVELOPMENT? Despite consistent and strong growth, the region's economy remains largely dependent on our tourism industry. While this thriving part of our economy has brought immeasurable benefits, over-reliance on any one industry sector is not a good recipe for "smart" growth and sustained prosperity. The need for economic diversification is much discussed, but the reality will require more than talk. It must be a true priority for all of us. To succeed in an increasingly competitive global marketplace, we must work together to create high-wage, high-value jobs and to further diversify our industry base. Long-term, community-wide commitment is essential to ensuring quality growth that produces prosperity and raises living standards for all citizens. WHY INVEST IN THE EDC? Your investment matters because results matter. In economic development, results mean people get jobs. Their income increases. Their quality of life improves. They build things, pay taxes, raise families and invest. These are the kinds of results we work for. The EDC spearheads a variety of strategies designed to create amulti-faceted identity for Metro Orlando and to generate quality prospects for our business development efforts. We develop effective, comprehensive business intelligence, focused on competitive factors and targets. And, we work closely with our region's business and civic leaders to turn this information into real results. When you become a "member" of an organization, it is usually because of the benefits that organization can provide to you. While there are many benefits you receive when joining the EDC, when you invest in this organization you become a partner in the growth of the region. EDC investors share a long term commitment to building a prosperous and diverse business community. OUR PASSION IS BUILDING A BETTER COMMUNITY. The Metro Orlando Economic Development Commission (EDC) is anot-for-profit, private/public partnership leading the economic development efforts of Orange, Seminole, Lake and Osceola counties and the City of Orlando. This organization is dedicated to helping to create and sustain a prosperous and diverse business community. Our charge is two-fold. To attract new business investment, we market the Orlando region worldwide as a top location for business. In addition, we work with local companies to assist with expansion plans and other business concerns. In both endeavors, the participation of our many community partners is vital to our success. Our record is strong. Since 1977, EDC efforts have directly resulted in more than $9 billion in community investment; 156,000 jobs created or retained; and nearly 75 million square feet of office and industrial space leased or constructed. Today, the EDC is recognized as one of the top development groups in the world and Metro Orlando has become aworld-class location for business. _ ~ BENEFITS OF EDC INVESTMENT =t Amore diverse economy. $.~ Ever improving quality of life. Increased business potential. Economic prosperity. While these are the big picture benefits of economic development, direct benefits to corporate investors are substantial as well. They include: Inclusion within the searchable database of local business services found on the EDC's award- winning website, www.OrlandoEDC.com. Inclusion of company and company representative contact information in the EDC Investor Directory online. Regionwide distribution of your company's project updates and press announcements via our weekly electronic newsletter, Communique. / Invitations and special rates to all EDC premier events: (James B. Greene Award Dinner 1 Economic Outlook 1 Annual BBQ 1 Schwartz Industry Innovation Awards Luncheon 1 Holiday Open House. Unique event sponsorship/advertising opportunities. Networking through a variety of EDC working groups, advisory committees and events. Access to comprehensive and specialized business intelligence databases and resources. WHO WE'VE HELPED The EDC has worked with thousands of companies from around the world, including: Air Force Agency for Modeling 8~ Simulation O / AirTran I Amateur Athletic Union (AAU) I American Automobile Association (AAA) I AOL Z /Bank One I Bank of New York I Burnham Institute I Campus Crusade for Christ I Channel Intelligence I Charles Schwab I Cingular Wireless O I Circuit City Inc.I Coca Cola Industries y Convergys Correct Craft/Nautique I Darden Restaurants V I Disney Worldwide Shared Services) DeVry Inc. I Domino's Pizza, Inc. I Dynetech W I Electronic Arts - Tiburon I Fairfield Communities, Inc. FedEx I Fiserv/Fiserv CBS I Frito-Lay, Inc. I Goodyear Tire & Rubber Company I Home Depot I Indra I Infinite Photonics I JetBlue Airways I Lockheed Martin I Lowe's McLane/Suneast, Inc. I Mitsubishi Heavy Industries Oracle Corporation I Papa John's I Planet Hollywood Progress Energy I Scholastic Books O I Siemens Westinghouse I Toys 'R Us I Valensa Walgreens I Wall Street Journal I Wells Fargo Whirlpool I Wycliffe Bible Translators Clients served by the EDC'S METRO ORLANDO FILM & ENTERTAINMENT COMMISSION include producers of feature films, television series, music videos Z and other categories. A partial list of projects includes: ABC's Good Morning America I Alan Jackson America's Most Wanted I Backstreet Boys ~ I Creed I Dave Matthews Band I Disney I ER Emeril Live I ESPN I Fear Factor I The Golf Channel HBO's From the Earth to the Moon I Instinct Jeepers Creepers I The Jeff Corwin Experience House on Haunted Hill I Kenny Chesney I Kodak ~ /Larry The Cable Guy: Health Inspector I Monday Night Football featuring Hank Williams Monster I Mortal Kombat Conquest I Mulan Nanny 91 1 I Orlando Magic I N'Sync I R. Kelly The Golf Channel I Trading Spaces I The Waterboy W Commercial clients include: AARP I Administaff I American Automobile Association I American Express I AT&T I Bennigan's I Best Buy BlueCross BlueShield I Buick I Cadillac I Chevrolet ~ I Dodge I Ford I Gatorade I Home Depot I Honda I Isuzu I Kodak I Lowe's I OUC I Papa John's Q I Pepsi I SeaDoo I Sears I Toyota The Investor Relations Team's award-winning, substantive and meaningful programs, designed to engage our investors, has resulted in an astounding 96 percent retention rate. 68% INVESTOR CONTRIBUTIONS 32% LOCAL GOVERNMENT CONTRACTS