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Board of County Commissioners. Discussion Agenda Item A.1 August 23, 2011 Approval to process payments budgeted in FY 2011 for Orange County/UCF economic development programs. Orange County/UCF Programs. UCF Institute for Economic Competitiveness UCF Small Business Development Center

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Board of County Commissioners


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slide1

Board of County Commissioners

Discussion Agenda Item A.1

August 23, 2011

Approval to process payments

budgeted in FY 2011 for

Orange County/UCF economic development programs.

slide2

Orange County/UCF Programs

  • UCF Institute for Economic Competitiveness
  • UCF Small Business Development Center
  • UCF Small Business Advisory Board Council
  • UCF Business Incubator – Central Florida Research Park
  • UCF Venture Lab
slide3

Convergence a Decade Ago

Metro Orlando Technology Strategy

September 11, 2001

Two county economic stimulus packages

Widespread acceptance: innovation and entrepreneurship are the keys to economic success.

slide4

Institute for Economic Competitiveness

  • Goal: Top 10 regional economic research centers
  • Metro, Florida & U.S. Forecasts
  • Dr. Sean Snaith
  • our own “Go To” expert
  • 120 presentations
  • Orange County Jobs Summits

Sean Snaith on CNBC Squak Box

slide5

Small Business Development Center

Strategic Tools Seminar Series Participants

slide6

Small Business Development Center

Success Story

  • Fernando Pereira
  • Pegasus Transportation
  • Participated in very first Strategic Planning seminar in 2002
  • Started with one van , one driver, 100 sf
  • Today: 65 employees, 20 coach buses, 3000 sf office, and 3600 sf shop
  • 2011 SBA Small Business of Year – North FL District
slide7

UCF Advisory Board Council Program

  • No cost, custom-fit advisory boards
  • Over 450 professionals assisted 125+ companies
  • 30 active advisory boards involving 266 volunteers
  • $64+ million increase in sales by ABC clients
  • 1800+ jobs retained/created
  • $14+ million in new capital investment
  • $54 million in government contracts
  • In 2010, ABC clients named to Inc 500 & Inc 5000 lists of the nation’s fastest growing companies
slide8

UCF Advisory Board Council Program

Success Story

  • Contech Restoration in Winter Garden
  • 2008: 40 employees
  • 2009: 29 employees
  • 2011: 78 employees
  • Revenues 2009-2010 up 114%
  • “We have been thriving during the recession. Because of our Advisory Board, we are better prepared to hand off our company to our children and key executives.”
slide9

UCF Business Incubator - CFRP

  • University –driven community partnership
  • Provides early-stage technology companies with tools, training, and infrastructure to become successful
  • Helped 160+ companies create $800+ million in annual revenue and 1600 jobs with average salary of $59,000
  • Currently 49 companies in CFRP Incubator with 301 employees, up from 240 at start of 2011
slide10

UCF Business Incubator - CFRP

Success Story

  • Founded by UCF doctoral graduate David Rogers
  • Exclusive agreement with McGraw Hill to create the UCF Digital Press
  • Students can download textbooks
  • Hired key people and is up to 10 employees

Iphone coaching app

Dr. Jonathan Kibble

UCF Medical School

slide11

UCF Orange County Venture Lab

  • Joint venture of Orange County and UCF.
  • Sole mission is to nurture new tech spinoffs from UCF, or tech startups with potential of hiring UCF graduates
  • Venture Lab has advised over 150 incubator clients and 11 UCF faculty members
  • Currently assisting 26 clients employing 181 people
slide12

UCF Orange County Venture Lab

Success Story

  • VaxDesign Corp.
  • Designs, develops & manufacturers invitro models of the immune system
  • VL provided sales coaching, market & industry research, and guidance on grant funding.
  • Sanofi Pasteur acquired VaxDesign Corp. in 2010 for $60 million. Now Sanofi Pasteur VaxDesign Corp.
slide13

BCC Action Requested

Approval to process payments budgeted in FY 2011 for Orange County/UCF economic development programs in the following amounts:

$200,000 to the UCF Institute for Economic Competitiveness

$100,000 to the UCF Small Business Development Center

$100,000 to the UCF Small Business Advisory Board Council Program

$125,000 to the UCF Business Incubator – Central Florida Research Park

$125,000 to the UCF Venture Lab