January 7, 2015 Mr. Rick Leary, County Administrator Putnam

January 7, 2015 Mr. Rick Leary, County Administrator Putnam County Board of County Commissioners P.O. Box 758 Palatka, FL 32178 Dear Mr. Leary: I have enclosed the 2014 Annual Putnam County Economic Development Activity Report. This year, the report includes materials required under changes made to Chapter 2010-147, Laws of Florida, Section 1. Sections II. and III. of this report have been included to assist you with fulfilling the required report to the Office of Economic and Demographic Research by January 15, 2015. Should you require additional information, please let me know. With a slowly improving national economy, and moderate activity with companies expanding into metro areas, we still experienced a moderate level of interest in Putnam County as evidenced by the number of site location proposals that we received during this time period. As always, if you have questions regarding this report, please contact me. Sincerely, Alex McCoy, MBA, CEcD Vice President of Economic Development

TABLE OF CONTENTS

Page

1. New & Expanding Business Development ................................................... 3 2. Related Agencies ......................................................................................... 3 3. Other Activities ............................................................................................. 4 4. JAXUSA 2014 Annual Partner Report ........................................................... 5 5. BOCC Sept 2014 Economic Update Presentation ........................................ 8 6. Sources and Uses of Funds ........................................................................ 15

Putnam County Economic Development Activity Report

January 1, 2014 through December 31, 2014

Pursuant to the provisions of the Economic Development Agreement made and entered into between the Putnam County Board of County Commissioners and the Putnam County Chamber of Commerce, this report is furnished containing a list of accomplishments for 2014:

1. New & Existing Business Development:

• Sought business and industry that would: 1) utilize and train the local labor force as their employees, 2) provide equitable wages, salaries, and benefits, and 3) promote economic diversity while building on existing assets of Putnam County.

• Coordinated prospect visits and served as their liaison with governmental entities and agencies as appropriate. Hosted 6 on-site prospect visits.

• Responded to 14 requests for information from firms considering Putnam County, representing over $103.0 Million in capital investment and 1,730 jobs.

• Encouraged expansion of existing business and industry, and new business and industry, to select sites where existing public services and infrastructure is in place.

• Maintained electronic database of available commercial and industrial properties available within Putnam County via Atlas & Costar.

• Worked with NFEDP to launch regional marketing website equipped with Atlas database.

• Maintained RFP template which includes information related to population, labor force, average local wage, cost of living, and quality of life factors.

• Continued efforts to support and encourage public/private partnerships to further strengthen local economic development efforts.

• Coordinated small business assistance programs for County businesses and citizens with the University of North Florida Small Business Development Center.

• Began annual existing business survey. Will use data collected to provide information regarding labor force needs and training to CareerSource Northeast Florida and First Coast Technical College.

• Provided technical assistance to over 34 business; these could include manufacturers, consultants, retail, and commercial businesses.

2. Related Agencies: • Maintained working relationships with Enterprise Florida, the Department of

Economic Opportunity, Florida First Coast Marketing Coalition (JAXUSA Partnership), CSX, various utilities, First Coast Technical College, North Florida Economic Development Partnership, Florida Institute of Government, North Florida Broadband Authority, Florida High Technology Corridor Council, Palatka Municipal Airport Advisory Board, the Florida Economic Development Council, and other economic development agencies that could potentially generate prospective businesses or industrial locations within Putnam County.

• Maintained books and documents, and coordinated meetings of the Putnam County Development Authority and the Putnam County Rural Enterprise Zone Development Agency Board of Commissioners.

• Submitted required Enterprise Zone quarterly reports to the State of Florida. • Provided Zone information and assistance to 1 business via personal visit,

phone, mail, or e-mail. • Assisted the NFEDP to plan and execute a successful FAM Marketing Event

with 9 recognized national site consultants, Enterprise Florida project managers, the Florida Secretary of Commerce, and several utility partners.

• Attended JAXUSA Flagler County Fieldtrip. • Attended JAXUSA Regional Forums. • Began CEDS recertification process with Northeast Florida Regional Council.

3. Other Activities:

• Maintained financial records and reports related to the use of all funds provided to the Chamber as the designated economic development agency by the County.

• Continued to serve the community as the BOCC’s alternate board representative. Attend meetings on a regular basis and work to assist the NFBA with certain requests for information, conducting informational meetings, and updating officials and other members of the public when requested.

• Continued to work with Jacksonville Regional Chamber to advance a regional legislative agenda created by the seven chambers of Northeast Florida.

• Presented to the NEFRC Regional Leadership Class on Economic Development.

• Attended FEDC Winter Symposium. • Presented in a statewide webinar alongside the Florida Secretary of

Commerce about Rural Economic Development. • Assisted USDA Rural Development to obtain information about existing

projects. • Attended Enterprise Florida’s Rural Bootcamp in Greenville, FL. • Assisted County with presentation to VA for Nursing Home Facility. • Participated in Ride Solutions funding issue team. • Served on 2014 Florida Rural Summit planning committee. Event was held on

November 5-7 at the World Golf Village in St. Augustine, FL. • Presented at the 2014 Rural Summit. • Attended EFI Stakeholder meetings. • Worked with state and regional economic development partners to pass HB

7023 that changed the name of Rural Area of Critical Economic Concern to Rural Area of Opportunity.

• Presented at two North Florida Economic Development Academies, one of which was hosted in Palatka at Crystal Cove Resort & Marina.

• Attended FPL Illumination Event in Flagler County with 6 site location consultants.

4. JAXUSA 2014 Annual Partner Report

JAXUSA Partnership is the regional economic development partnership comprised of private sector investors, public entities and the economic development organizations representing the seven Northeast Florida regional partner counties - Baker, Clay, Duval, Flagler, Nassau, Putnam and St. Johns. Each partner contributes to JAXUSA and this investment allows us to remain competitive in the world of economic development. As part of our efforts to recruit new companies and expand the existing business community, JAXUSA uses strategic research and targeted marketing techniques to promote its economic development initiatives. Our mission is to create high wage jobs for area residents and grow the overall economic pie. Our vision for the future is clear – to be a place where businesses will thrive while preserving the area’s natural resources and ideal surroundings. JAXUSA Partnership is a $3 million program funded through a diverse association of stakeholders including 165 private sector businesses, public agencies and a partnership with the economic development organizations representing the seven Northeast Florida counties. Partner county funding, augmented by other JAXUSA funding, is used exclusively for marketing and research activities. The total annual budget for these programs was approximately $500,000. In 2014, JAXUSA aggressively marketed Northeast Florida nationally and internationally, and as a result announced 28 projects creating more than 2,500 jobs in the region. Major 2014 initiatives included the economic development mission to London in partnership with the Jaguars, implementation of the new JAX Marks the Spot ad creative, and continued progress with the Innovate Northeast Florida strategic plan. The following Annual Report provides an overall highlight of JAXUSA’s regional accomplishments in 2014.

2014ANNUAL REPORT

ECONOMIC DEVELOPMENT

FAM TOUR & THE PLAYERS SHOWCASED JACKSONVILLE TO

12LEADING NATIONALSITE CONSULTANTS

RANKINGS

165REGIONAL INVESTORS

FORBES RANKED NORTHEAST FLORIDA

ONE OF THEFASTESTGROWINGREGIONS FOR HI-TECH JOBS

FINANCIAL

FIRMS DURING A NEW YORK CITYSALES MISSION

MET WITH

12NEW GEOGRAPHY RANKED

JACKSONVILLEMETROAREA15

A TOP

FOR ATTRACTING

MILLENIALS

WORKFORCE EDUCATION

AWARDED $160KGRANT TO RAISE COLLEGE ATTAINMENT RATE BY 60%

ENGAGED MORE THAN

100DUVAL COUNTY STUDENTS IN HANDS-ON CAREER TRAINING IN THE FOOD TRUCK BUSINESS

MARKETING

ECONOMIC DEVELOPMENT WEBSITE

AWARDWINNING

CREATED NEW JAX MARKS THE SPOT

AD CAMPAIGN

GENERATING 11 MILLION IMPRESSIONS IN 4 MONTHS

FEATURED IN SMARTBRIEF INDUSTRYNEWSLETTERS –

39%OPEN RATE EXCEEDING INDUSTRY STANDARDS

BUSINESS INTELLIGENCE

COMPLETEDYEAR TWOOF A 5 YEAR STRATEGIC PLAN

60COMPLETED

RECOMMENDATIONS ACROSSSIX TARGET INDUSTRIES AND

FIVE AREAS OF FOCUS

INNOVATE NORTHEAST FLORIDA

MORE THAN

NEW JOBS

14LOCALBUSINESSEXPANSIONS

NEW CAPITAL INVESTMENT

118MILLION

28PROJECTS ANNOUNCED

14NEW COMPANYLOCATIONS

BUSINESS DEVELOPMENT

INCLUDINGFARNBOROUGH AIR SHOW AND LONDON JAGUARS MISSION

VISITED

12U.S. STATESCOUNTRIES5AND

IMPLEMENTED SALESFORCE

IMPROVED PROJECT

TRACKING CRM WITH ROBUST REPORTING CAPABILITIES

SUBMITTED MORE THAN

100 CUSTOMIZED PROJECT PROPOSALS

2,500

5. BOCC Sept 2014 Economic Update Presentation

Putnam BoCC Sept 23, 2014

Alex McCoy, MBA, CEcD VP of Economic Development

Putnam County Chamber & Development Authority

www.putnamcountychamber.org

Prospect Statistics Q1 13 – Q2 14


RFPs submitted by EFI Time # Type #

13 Q1 3 Dist Ctr 1 13 Q2 4 Call Ctr 3 13 Q3 7 Data Ctr 1 13 Q4 5 Manuf - Gen 13 14 Q1 2 Avaition 3 14 Q2 3 Clean Tech 1 Pharma 1

Food 1

Innovate NE FL: Sub-cluster Target Industry Study Putnam County Targeted Industries • Aircraft & Aviation Components • Back Offices Services, Call & Data Centers • Heavy Equipment Manufacturing • Tool & Die Machining • Clean Transportation (Bio-Fuels) • Food Manufacturing

Florida Rural Study – Boyette Strategic Advisors NFEDP Region Targeted Industries • Agribusiness • Aviation Aerospace • Healthcare Services/Products • Logistics/Distribution • Renewable Energy (Bio-Fuels) • Sustainable Building Products

Putnam Co. Top 2013 Taxpayers TOTAL TAXABLE VALUE * NAME 20-Oct-08 17-Oct-13 1. Seminole Electric $267,161,206 $305,652,382 2. Georgia Pacific Corp. $274,885,961 $303,854,430 3. Florida Power & Light $157,885,864 $203,440,556 4. Continental / Lafarge $81,354,979 $65,102,556 5. Clay Electric Coop., Inc. $41,643,939 $45,480,880 6. Wal-Mart $13,733,574 $17,285,084 7. Putnam Community Medical Center $16,144,023 $16,256,378 8. BellSouth Telecommunications / AT&T $23,868,261 $15,758,581 9. CSX Transportation $14,738,976 $15,484,750 10. ComCast N/A $10,148,303 * Total taxable value includes real, tangible personal and centrally assessed properties.

Putnam County Property Appraiser: Final Tax Roll - Oct 17, 2013


Est. $113 MM

OPPAGA Report 14-01

Exhibit 1-11, Page 16: Confirmed New Jobs & Capital Investments Varied Across Counties for Projects that Received Incentives in Fiscal Years 2009-10 through 2011-12 Putnam County was the 3rd highest in North Florida & 3rd highest Rural County in the State.



Rank County Population 2012

Jobs FY 09-10 thru 11-12

Jobs Per Capita Ratio

1 DeSoto 34,712 701 2.02%

2 Duval 879,602 10,708 1.22%

3 Jackson 48,968 503 1.03%

4 Putnam 73,263 457 0.62% 5 Hillsborough 1,277,746 6,768 0.53% 6 Columbia 67,966 354 0.52%

7 Orange 1,202,234 4,077 0.34%

8 Osceola 287,416 720 0.25% 9 Lee 645,293 1,442 0.22%

10 Manatee 333,895 720 0.22%

1

3

2

4

5

Alex McCoy, MBA, CEcD Vice President of Economic Development

Putnam County Chamber & Development Authority

386-328-1503 Office

386-972-3153 Cell

[email protected]


mailto:[email protected]

6. Sources and Uses of Funds

24 - Eco Dev Contract TOTALOct '13 - Sep... % of Income Oct '13 - Sep... % of Income

Income334 · Eco Dev Contract 160,000.00 93.8% 160,000.00 93.8%351 · Miscellaneous Income 10,541.04 6.2% 10,541.04 6.2%

Total Income 170,541.04 100.0% 170,541.04 100.0%

Gross Profit 170,541.04 100.0% 170,541.04 100.0%

Expense500 · Employee Expenses

501 · Salary & Wage Expenses 137,434.04 80.6% 137,434.04 80.6%502 · FICA/SUI/FUT/Medicare 10,962.67 6.4% 10,962.67 6.4%504 · Employee Benefits 21,192.88 12.4% 21,192.88 12.4%507 · Retirement Match 3,447.94 2.0% 3,447.94 2.0%

Total 500 · Employee Expenses 173,037.53 101.5% 173,037.53 101.5%

517 · Office Operating Expenses518 · Telephones/Telecommunications 2,710.06 1.6% 2,710.06 1.6%520 · Website Expenses 67.50 0.0% 67.50 0.0%528 · Computer Services/Maintenance 3,524.40 2.1% 3,524.40 2.1%

Total 517 · Office Operating Expenses 6,301.96 3.7% 6,301.96 3.7%

530 · Program Expenses532 · Printing 226.90 0.1% 226.90 0.1%535 · Postage 386.76 0.2% 386.76 0.2%539 · Advertising/Promotions 10,000.00 5.9% 10,000.00 5.9%541 · Travel 3,152.11 1.8% 3,152.11 1.8%543 · Dues & Subscriptions 1,360.00 0.8% 1,360.00 0.8%552 · Conference Registrations/Travel 12,987.16 7.6% 12,987.16 7.6%

Total 530 · Program Expenses 28,112.93 16.5% 28,112.93 16.5%

Total Expense 207,452.42 121.6% 207,452.42 121.6%

Net Income -36,911.38 -21.6% -36,911.38 -21.6%

Putnam County Chamber of Commerce, IncProfit & Loss by Class

October 2013 through September 2014

Documents

January 7, 2015 Mr. Rick Leary, County Administrator Putnam