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GETTING FLORIDA BACK TO WORK

GETTING FLORIDA BACK TO WORK. Florida Small Cities CDBG Program Economic Development. Department of Economic Opportunity Under One Umbrella. Enterprise Florida Strategic Business Development Small Cities CDBG Program Agency for Workforce Innovation Rural Economic Development Initiative

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GETTING FLORIDA BACK TO WORK

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  1. GETTING FLORIDA BACK TO WORK Florida Small Cities CDBG Program Economic Development

  2. Department of Economic Opportunity Under One Umbrella • Enterprise Florida • Strategic Business Development • Small Cities CDBG Program • Agency for Workforce Innovation • Rural Economic Development Initiative • Division of Planning

  3. Other Critical Partners • Other State Agencies • Local Governments • ED Councils and Chambers • Regional Planning Councils • Economic Development Administration • USDA Rural Development

  4. Florida’s Basic CDBG ED Approaches • Public Infrastructure • Local Government-Owned Buildings • Low Interest Loans • Assistance to non-profit subrecipients • Section 108 Loans

  5. Approaches to ED $$$s • 2009 – 20% of pass through - $5.2M • 2010 – 20% of pass through - $5.4M • 2011 – 30% of pass through - $6.8M • actually have offers out for $8.8M • 2012 – 40% of pass through - $8.6M • just opened cycle 8-15-12

  6. 2011 Highlights • $8.8 million in CDBG awarded • 18 application submissions – including 5 resubmissions • 7 projects total awarded • 2 projects with over $3 million in CDBG assistance • $83 million in non-CDBG investment • Minimum 262 New FTEs / 134 LMI • Estimated 818 New FTEs / 418 LMI

  7. New Approaches for New Jobs • 2011 – Legislative Session – removed $750,000 CDBG cap from Florida Statute • Waivers of State Administrative Rule imposing the $750,000 cap • Allowed DEO to fund larger amounts for larger projects creating larger numbers of jobs

  8. Going Forward • 2012 – Minimum $8.6M for ED projects - an increase of 10% over 2011 • Strengthen Partnerships and Incentives Coordination • Expand our internal ED team • Pro ED revisions to Statute and Rule • Explore creative allowable approaches to using CDBG for economic development projects

  9. Team Up for ED Ideas • Participate in our Recent ED Survey on: • Microenterprises, Business Incubators, Merging Commercial Revitalization w/ ED, Section 108 Loans, Special ED Activities, Services for Businesses, Non-Profits, T/TA and National Objective approaches • Survey Results shared with Participants • Contact Sean Lewis at: sean.lewis@deo.myflorida.com

  10. 2011 CDBG Assisted Projects $2.46M CDBG Investment in Infrastructure To Marianna, Florida HomeSource International Textile and Furniture Manufacturer 300+ FTEs $524K CDBG Investment in Infrastructure To Lee, Florida Annett Bus Line Expansion 15+ FTEs

  11. 2011 CDBG Assisted Projects $750,000 CDBG Investment in Infrastructure To Lake Wales, Florida ViaVita Assisted Living Facility 46+ FTEs $384,486 CDBG Investment in Infrastructure To Hendry County, Florida Sterile Trucking Facility Expansion 15+ FTEs

  12. GETTING FLORIDA BACK TO WORK Florida Small Cities CDBG Program Economic Development Patrick Howard 850-717-8418 Patrick.Howard@deo.myflorida.com

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