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ECONOMIC DEVELOPMENT

ECONOMIC DEVELOPMENT. Business Opportunities and Future Growth. Formation. 501(c)3, 501(c)6 “Arms length” from the BCC “Arms length” from the Chamber Dedicated Funding Source Board of Directors County Commissioner appointees City of Pensacola appointee City of Century appointee

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ECONOMIC DEVELOPMENT

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  1. ECONOMIC DEVELOPMENT Business Opportunities and Future Growth

  2. Formation • 501(c)3, 501(c)6 • “Arms length” from the BCC • “Arms length” from the Chamber • Dedicated Funding Source • Board of Directors • County Commissioner appointees • City of Pensacola appointee • City of Century appointee • Operating in the “Sunshine” • Hires/Fires its Economic Development Director • Economic Development Director – NOT in the “Sunshine” • Approves the EDC’s operating Budget prior to BCC approval • The PEDC – incorporated into the EDC as a specific development entity.

  3. Structure • Chairman comes from BCC appointee to Board • Votes only to break a tie • Flexible…Structured to anticipate “Consolidation” • Board of Directors: • 5 (1)appointees from each commissioner • 1 appointee from Town of Century • 2 appointees from City of Pensacola • 1 appointee from each invested “Chair”

  4. EDC – Scope of Authority • To follow the economic development vision of the county’s elected representatives. • To acknowledge ‘stakeholders’ of interest in the community through “Chair” participation. • To insure that ALL citizens have a say in the economic development vision. • To eliminate the expectation that a few invest in economic development for the many. • To provide insight, consultation, and direction to the elected officials • To suggest policies, direction, and incentives to prospects in consideration, WITHOUT: • Compromising the cultural integrity, historical significance, travel & tourism, and the existing businesses and infrastructure • To incorporate the Pensacola Escambia Development Corporation (PEDC) into its operation as a development entity.

  5. Dedicated Funding Sources • Electric & Gas Franchise Fee • Economic Development Incentive Fund • Economic Development Incentive Ordinance of October 4, 2007 • EDATE • Rebate Ordinance

  6. Representation is Equitable • Stakeholders chair separate sub-committee • Each chair pays for it • Gulf Power wants a chair • Utilities

  7. Chairs ($50K each chair) • Utilities/reusable energy group • Homebuilders • Military • Health Services • Realtors • Technology • Wholesale Distribution • Hospitality • Banking/Finances

  8. EDC Governance

  9. EDC Task Force • 30 year Vision = The Road Map • Plans to implement Vision • Organization • Funding • Mission and Operation • Task Force Comprised of: • City • County • Business Community • Sunshine Issues • Time Line = 90-120 days • May Committee of the Whole with all 5 Commissioners

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