Reshaping Our Future 2015–2016 Annual Report
SERVING ORANGE, SEMINOLE, LAKE AND OSCEOLA COUNTIES AND THE CITY OF ORLANDO
Mission The Orlando Economic Development Commission (EDC) is a not-for-profit, public-private partnership that works to aggressively attract, retain and grow jobs for the Orlando region while advocating, championing and educating in support of efforts to improve competitive position. The EDC serves Orange, Seminole, Lake and Osceola counties and the City of Orlando in Florida.
Services • Complimentary, Confidential Project Management Assistance • Site Selection Assistance • In-Depth Market Data • Connections to Key Public and Private Partners • Financial and Entrepreneurial Resources • Workforce Recruitment and Training • Permitting and Scouting Assistance for Film and Commercial Productions
INNOVATIVE TECHNOLOGIES
ADVANCED MANUFACTURING
Table of Contents Leadership ...............................1 Public Partners ......................... 3 Engagement ............................ 4 Initiatives ................................. 7 Successes .............................. 8 Business Development .............12 Collaboration ..........................16 Marketing and Branding ............18 Investor Relations ................... 20 Board of Directors ................... 26 Financials .............................. 28
CORPORATE HEADQUARTERS & REGIONAL OFFICES
TARGETED INDUSTRIES
LIFE SCIENCES & HEALTHCARE
AVIATION, AEROSPACE & DEFENSE
DAVID FULLER
2015-2016 Orlando EDC Chair President, SunTrust Foundation
This year will go down in the record books as one of the most successful for the Orlando Economic Development Commission (EDC) with more than 5,600 projected new jobs in our region. As the Orlando EDC chair, it has been my pleasure and honor to serve our community as we work collectively towards creating positive economic growth. In an effort to further strengthen our region’s position in the national and global marketplace, the boards of directors for both the Orlando EDC and the Central Florida Partnership (CFP) unanimously agreed this year to combine forces and capitalize on our shared goals of enhancing our region’s economic opportunities, business climate and quality of life. This new organization, once finalized, will serve as a catalyst for forward-thinking and diverse regional growth. As Albert Einstein once said, “Insanity is doing the same thing over and over again and expecting different results.” We are on a mission to bring innovative approaches to economic development that will reshape our regional economic landscape and ensure our prosperity. I want to sincerely thank the EDC board members, investors and partners for their hard work and commitment. I would also like to thank the EDC staff, leadership, and in particular Holly Wiedman, for her dedication to economic development. As I look ahead to the upcoming fiscal year, with Crystal Sircy as the new EDC Executive Vice President, I know the future is bright for our region. You have all given 100 percent of your time and talent. The work is always worth it.
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From left to right: ROBERT UTSEY Vice Chair, Orlando EDC Senior Vice President, Skanska USA Building Inc. DAVID FULLER Chair, Orlando EDC President, SunTrust Foundation KEN POTROCK Secretary/Treasurer, Orlando EDC Senior Vice President and General Manager, Disney Vacation Club, Adventures by Disney and Golden Oak THOMAS K. SITTEMA Past Chair, Orlando EDC CEO, CNL Financial Group (not pictured)
HOLLY WIEDMAN
Orlando EDC Executive Vice President
For many years, the Orlando EDC has been steadfast in its mission to grow jobs in our great region. I am thrilled to say that, as a direct result of our strong partnerships with both the public and private sectors, our business development accomplishments make this past year our best year ever. The numbers are impressive, as you’ll see in this annual report, with Orlando leading not just the state but the nation in job growth. What is even more impressive is the impact the work of the EDC has had on the lives of those individuals who now have good-paying, quality jobs. We have so many committed community leaders, a new plan to make us even more competitive, and the resources and talent needed to chart a new course for our future. From the brilliantly executed “Orlando. You don’t know the half of it.” branding campaign to the strong combined forces of our partners and investors who continue to tell our compelling story, we are making the world aware of all Orlando has to offer. 2
A Message from Our Public Partners MAYOR TERESA JACOBS, Orange County (2010–2018) “As our Central Florida region continues to thrive and grow, Orange County remains focused on diversifying our economy and nurturing our extraordinary quality of life. Thanks to Orange County’s strong fiscal policies and financial management practices, over the next five to 10 years, we will be investing an additional $300 million into recreational, transportation infrastructure and public safety projects – all without raising taxes. From creating a climate in which entrepreneurs can thrive, to supporting our exploding digital arts and high tech sectors, our region is poised for longterm sustainability and economic health.” MAYOR BUDDY DYER, City of Orlando (2003–2019)
“When thinking of the attributes desired by today’s workforce, Orlando is second to none; although one of the fastest growing cities in the U.S., Orlando remains a diverse and welcoming city united by a strong sense of community. Add in great neighborhoods, unlimited options for sports and entertainment and world-class arts and cultural amenities, Orlando can compete with virtually any city in the world for recruiting and retaining top talent.”
CHAIRMAN JOHN HORAN, Seminole County (2015–2016)
“Seminole County and the Orlando EDC consistently work together to make it easy for businesses to locate or expand operations in our region. In the last five years, Seminole County has welcomed 4,300 new jobs as part of 33 new or expanding businesses with a capital investment of almost $250,000,000. With our open for business climate, Seminole County and the Orlando EDC attract corporate headquarters and significant business operations from around the world.”
CHAIRMAN SEAN PARKS, Lake County (2015–2017) “Lake County is ‘Real Florida, Real Close.’ We have it all – beautiful lakes, hills and forests. We are an international destination for sports tourism. Champions from all sports call us home. Visitors come from around the world to enjoy our nature based recreational opportunities. We remain focused on small business development and clean manufacturing. Our success is closely tied to Orlando and the EDC. Partnering with the Orlando EDC bolsters our brand, helps us improve workforce development, and presents opportunities to internationally market our long-term plans for prosperity in the Wellness Way District, the Wolf Branch Innovation District and the 470 Commerce Park regions of our County.” CHAIRWOMAN VIVIANA JANER, Osceola County (2015–2016) “Osceola County continues to make significant investments in infrastructure that more closely connect the region to us and increases our momentum in the technology sector that is transforming the economy. Our “sensor project” has gone international through our partnerships with imec, PhotonDelta and others. At the same time our education system is preparing our future workforce by creating innovative programs focused on science, technology, engineering and math.”
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Engagement The EDC governance model is considered to be a “best practice” framework for regional economic development organizations that engages top decision-makers from a community strategy and policy guidance perspective. The EDC is also characterized by solid public and private sector board engagement, largely through a well-organized framework of standing and operating committees or task forces.
Executive Committee DAVID FULLER, CHAIR President, SunTrust Foundation Privately led committee that works with EDC executive management to form a highly effective leadership team.
Governors Council DR. JOHN HITT, CHAIR President, University of Central Florida Provides a forum for leading Orlando region business executives to discuss and provide suggested solutions to issues and opportunities impacting the region’s economic development activities.
Economic Strategy Committee CECELIA BONIFAY, CHAIR Partner, Akerman LLP Provides expertise and guidance for the Orlando EDC’s long-term strategic planning and evidence-based decision-making.
Business Development Committee Provides policy oversight and guidance into the operation of the EDC’s business development program while assessing the regional market competitiveness, developing business climate improvement strategies and initiatives, and setting performance targets, operating goals and objectives. BILL MOSS, CO-CHAIR Senior Managing Director, CBRE 4
BILL DYMOND, CO-CHAIR President, CEO and Managing Partner, Lowndes, Drosdick, Doster, Kantor & Reed, P.A.
Regional Branding Forum and Regional Branding Executive Forum JIM ALESSANDRO, CHAIR Senior Vice President, Content Management, Disney Destinations Develops and presents strategies to create, monitor and evaluate the regional branding program. Provides expertise and guidance for the EDC marketing and communications plan and the annual EDC business plan.
Regional Economic Developers (RED) Team BILL MARTIN, CHAIR Executive Director, Greater Osceola Partnership for Economic Prosperity Works to enhance stakeholder collaboration and leverage, improve operational performance and strengthen the region’s economic development delivery system.
Orlando Economic Forum DR. SEAN SNAITH, CHAIR Director, UCF Institute for Economic Competitiveness Provides baseline intelligence for use in EDC planning and strategy while examining issues of regional economic significance in the Orlando Metropolitan Statistical Area (MSA).
Metro Orlando Defense Task Force LT. GEN., USAF (RET) THOMAS BAPTISTE, CHAIR President & Executive Director, National Center for Simulation Develops strategies for the support of state funding to provide a permanent facility in the UCF/Central Florida Research Park area for locally-based military commands and to preserve and grow the region’s vital Modeling, Simulation and Training (MS&T) industry.
Investor Relations Committee Develops strategies to retain and grow EDC private sector investors while working to increase engagement and participation through special events and other programs designed to enhance business relationships. ROBERT UTSEY, CHAIR Senior Vice President, Skanska USA Building Inc.
TONY MASSEY, VICE CHAIR President and COO, Massey Services, Inc. 5
A Milestone Merger It is projected that Florida’s population will increase by six million residents by 2030 creating a need for two million more jobs. In order to advance our region’s top priorities, the Orlando EDC and the Central Florida Partnership (CFP) have agreed to combine forces by merging the two organizations in 2017. The merger’s vision is to create a more effective entity with top priorities that include: • • • • •
Creating high-wage jobs in targeted industries, Expanding Central Florida’s global reach and competitiveness, Supporting and enhancing educational/skills preparedness in the labor pool, Strengthening advocacy for improved infrastructure and community resources, and Creating an enviable quality of life that is broad-based and sustainable – a key attribute and competitive differentiator in the quest to attract and retain jobs and talent.
“The new organization will better anticipate the business complexities and cultural trends reshaping both our local competitive environment and the global landscape.” ROBERT UTSEY Vice Chair, Orlando EDC
“Combining the two organizations will better align the priorities of Central Florida, amplify the successful impacts of the predecessor organizations and rally our stakeholders with a common purpose: the long-term prosperity of our community.” KEN POTROCK Secretary/Treasurer, Orlando EDC
Florida 2030 The Orlando EDC supports Florida’s future economy by participating in the Florida 2030 strategic statewide planning process. The two-year research program is intended to stimulate strategic thinking about Florida’s future by identifying key trends and factors that can drive and improve the statewide economy. Developed by the Florida Chamber Foundation, the Six Pillars provide the framework for positive growth that includes: talent supply and education; innovation and economic development; infrastructure and growth leadership; civic and governance systems; and quality of life and quality places. 6
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Key Regional Business Initiatives The EDC focused its time, energy and resources in three key jobs initiatives designed to improve the region’s long-term competitive position and economic growth potential. These initiatives, supported by community leaders, have been determined to be of great significance to the future economic well-being of the region.
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1: The International Consortium for Advanced Manufacturing Research (ICAMR) – the future in smart sensor technology – being built in Osceola County will bring thousands of high wage jobs to the region. 2: Orlando’s standing as the modeling, simulation and training capital of the world is on sound footing with the approval of legislative support for our defense-related retention and growth. 3: The University of Central Florida downtown campus, in partnership with Valencia College, will be a reality following financial support from local private donations and state funding. The campus will provide students with access to higher education while investing in the future of the downtown core. 7
Successes The Orlando EDC Business Development team completed its strongest year ever in the organization’s 39-year history during 2015-16 fiscal year with a record number of projected new jobs by new and expanding companies in the region. The EDC exceeded job number goals by 57 percent, total payroll by 41 percent, and fully met office square-footage goals.
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COMPLETED PROJECTS
107
5,646
NON-PERMITTED FILM PRODUCTION DAYS
PROJECTED NEW JOBS
$197M CAPITAL INVESTMENT
$270M
PERMITTED FILM PRODUCTION DAYS
1.2M
TOTAL PAYROLL
SQUARE FOOTAGE
$47,843 AVERAGE WAGE
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745
ECONOMIC IMPACT
2015-2016 Detailed Projects JOBS
CAPITAL INVESTMENT
Headquarters
155
$225,000
New-to-Market
Headquarters
1,600
$28,448,000
Local Expansion
Aviation, Aerospace & Defense
11
$24,650,000
New-to-Market
Other
600
$15,000,000
Axium Healthcare Pharmacy, Inc.
Local Expansion
Life Sciences & Healthcare
225
$25,000,000
Bentley Architects + Engineers, Inc.
Local Expansion
Headquarters
17
$2,500,000
BioPlus Specialty Pharmacy Services, Inc.
Local Expansion
Life Sciences & Healthcare
111
$200,000
New-to-Market
Headquarters
15
$500,000
CompuTech City
Local Expansion
Headquarters
35
$2,500,000
Coreslab Structures Orlando
Local Expansion
Advanced Manufacturing
20
$10,000,000
CVS Caremark Corporation
Local Expansion
Life Sciences & Healthcare
500
$18,700,000
Deloitte Consulting LLP
Local Expansion
Headquarters
850
$22,960,000
New-to-Market
Innovative Technologies
54
$100,000
Harper Limbach LLC
Local Expansion
Advanced Manufacturing
16
$345,500
HNTB Corporation
Local Expansion
Other
11
$200,000
New-to-Market
Advanced Manufacturing
100
N/A
Infinity Medical Engineering
Local Expansion
Life Sciences & Healthcare
20
$180,000
Inktel Contact Center Solutions
Local Expansion
Other
100
$150,000
Jeteezy
New-to-Market
Aviation, Aerospace & Defense
50
$5,430,000
Kirenaga
New-to-Market
Headquarters
25
$1,000,000
Limbach Facility Services LLC
Local Expansion
Headquarters
31
$402,500
Nebbia Technology
Local Expansion
Innovative Technologies
7
N/A
HotelsPro.com
New-to-Market
Headquarters
25
$53,000
Particle City
New-to-Market
Innovative Technologies
17
$1,000,000
Siemens Energy, Inc.
Local Expansion
Advanced Manufacturing
0
$23,000,000
Thales
Local Expansion
Aviation, Aerospace & Defense
173
$6,630,000
New-to-Market
Innovative Technologies
16
$145,000
Total Quality Logistics (TQL)
Local Expansion
Headquarters
100
$75,000
Viewpost LLC
Local Expansion
Innovative Technologies
262
$1,939,040
New-to-Market
Other
500
$6,000,000
TOTAL
30 Completed Projects
5,646
$197,333,040
COMPANY activEngage, Inc. ADP Allegiant Air Asurion Mutual
Campuspeak
Granite Telecommunications, LLC
imec
Topps Digital Apps
Xerox Corporation
ACTIVITY
INDUSTRY
Local Expansion
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“The EDC is built on a solid foundation of sound economic development strategies that include initiatives and priorities that pursue long-term, forward-thinking goals.” CECELIA BONIFAY Chair, Economic Strategy Committee
Project Highlights imec Florida • •
•
imec, the world’s top nanoelectronics research center with more than 600 industry partners around the globe New design center in collaboration with the International Consortium for Advanced Manufacturing Research (ICAMR) in Osceola County First U.S. location with focus on smart sensor innovation
ADP •
100
• • NEW JOBS PROVIDED BY IMEC AND ICAMR COLLABORATIONS
1,600 10
NEW JOBS ARE BEING CREATED IN ORANGE COUNTY
ADP, LLC, a global provider of cloud based Human Capital Management solutions Locating new office in Orange County Fortune 250 company impressed with the Orlando region’s strong demographics, workforce and talent pipeline
Invictus Games The Orlando EDC was instrumental in the selection of Orlando as the first American host city for the international Invictus Games. The games, founded by Britain’s Prince Harry and cochaired by former President George W. Bush and First Lady Michelle Obama, were hosted at the ESPN Wide World of Sports at Walt Disney World Resort. The Invictus Games is an Olympic style sporting event for wounded veterans from around the world that provides genuine illustrations of real-life champions.
Blockbuster Year for the Orlando Film Commission Orlando’s four-county region is ideal for filmmakers with versatile locations, year-round warm climate and top-notch, experienced crew. The Orlando Film Commission, a division of the EDC, uses these strengths to attract productions to the region. The Film Commission recorded 745 permitted production days this year, a 73 percent increase over last fiscal year, with 70 percent of the projects reporting over $10 million in local economic impact in the region. Production Highlights: • •
•
•
Chrysler Pacifica commercials starring comedian Jim Gaffigan filmed in Winter Park and the City of Orlando Vogue magazine spread featuring Orlando Pride superstar Alex Morgan shot in Seminole County by famed photographer Annie Leibovitz Chuck E. Cheese commercial featuring Alvin and the Chipmunks filmed in Lake County Honey Nut Cheerios campaign shot in Osceola County
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Business Development The Orlando EDC business development strategy includes actively pursuing businesses in targeted industries and geographic markets during missions, tradeshows, conferences, special events and incoming international delegations. Companies already established in the region are provided with continuing support and assistance with expansion efforts.
“Helping businesses stay and expand within the region is critical to the job creation strategy. Maintaining and growing employment, payroll, capital investment and corporate partners foster stability in our economy.� BILL MOSS Co-Chair, Business Development Committee
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PROSPECT VISITS TO ORLANDO MARKET
73
124
LEADS GENERATED
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BUSINESS RETENTION AND EXPANSION VISITS
SAN FRANCISCO MISSION
SEMICON WEST
WASHINGTON, D.C. MISSION
“The Business Development team executes a proactive program focused on job creation, job diversification and prosperity by attracting, retaining and supporting businesses in the region.”
MAYOR TERESA JACOBS’ MISSION TO THE NETHERLANDS
BILL DYMOND Co-Chair, Business Development Committee SELECT USA
NBAA
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Orlando Outreach Local and National Missions and Events • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • 14
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MISSIONS, EVENTS, TRAVEL AND DELEGATIONS HOSTED
Around the World
2015 CLIO Awards // New York, N.Y. Orlando iX // Orlando, Fla. 2015 IEDC Annual Conference // Anchorage, Alaska 2015 BioFlorida Conference // Orlando, Fla. Site Selectors Guild Fall Forum // Philadelphia, Pa. San Francisco Business Development Mission // San Francisco, Calif. Next: Economy | An O’Reilly Radar Summit // San Francisco, Calif. Int’l Association of Amusement Parks & Attractions // (IAAPA), Orlando, Fla. National Business Aviation Association (NBAA) // Las Vegas, Nev. Florida Hospital’s 2015 Council of Presidents // Orlando, Fla. Interservice/Industry Training, Simulation & Education Conference (I/ITSEC) // Orlando, Fla. EFI Consultants/Art Basel // Miami, Fla. Area Development Consultants Forum // Orlando, Fla. 2015 TSensors Summit // Celebration, Fla. Otronicon v.10 // Orlando, Fla. IEDC Leadership Summit // New Orleans, La. EFI Consultants/Daytona 500 // Daytona Beach, Fla. Lake Nona Impact Forum // Orlando, Fla. DC Metro Business Development Mission // Washington, D.C. Orange County After Care Event/Game // Orlando, Fla. 2016 South By SouthWest (SXSW) // Austin, Texas Chicago Business Development Mission // Chicago, Ill. Site Selectors Guild Advisory Breakfast // Tampa, Fla. Florida Film Festival // Orlando, Fla. eMerge Americas Conference // Miami, Fla. World Aviation Training Symposium (WATS) // Orlando, Fla. Area Development Consultants // Las Vegas, Nev. CFP – Trip // Washington, D.C. 2016 Nat’l Customer Association (NCSA) // Orlando, Fla. Governor’s “Degrees to Jobs” // Orlando, Fla. Florida Chamber Foundation Annual Education Summit // Orlando, Fla. C2ER Annual Conference // Minneapolis, Minn. E3 2016 - Electronic Entertainment Expo // Los Angeles, Calif. EFI Consultants // New York , N.Y. 2016 SEMICON West // San Francisco, Calif. EFI Consultants // Atlanta, Ga. 2016 Florida Simulation Summit // Orlando, Fla. 2016 IEDC Annual Conference // Cleveland, Ohio Florida Chamber Future Forum/EFI // Orlando, Fla.
International Events and Missions
Incoming International Delegations
•
The EDC hosted delegations from around the world and provided regional overviews and opportunities for networking, as well as in-depth presentations of Orlando’s business climate.
• • •
ICAMR, imec Mission Eindhoven, The Netherlands Solar Bears Canada Mission Toronto, Canada Orange County Canada Mission Montreal, Canada 2016 Select USA International Summit Washington, D.C.
• • • • • • • • • •
Angola Argentina Belarus Belgium Bolivia Brazil China Colombia Costa Rica Czech Republic
• • • • • • • •
Dominican Republic Ecuador El Salvador Italy Japan Peru Spain United Arab Emirates
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Collaboration
“The Orlando EDC’s RED Team is the perfect forum for our public sector members and our economic development allies to collaborate on attaining our regional goals. It’s the perfect example of the whole being greater than the sum of the parts.” BILL MARTIN Chair, RED Team
Regional Economic Developers Team The Regional Economic Developers (RED) Team enhances stakeholder collaboration, improves operational performance and strengthens the region’s economic development delivery system. The RED Team functions as an advisory committee and includes economic development professionals from member jurisdictions, higher education institutions, utility companies, CareerSource Central Florida and other EDC partners.
National Entrepreneur Center From free business coaching and seminars to an onsite business lab with access to resources, the National Entrepreneur Center (NEC) brings a comprehensive approach to small business development. The NEC assists local entrepreneurs and start-ups in their initial planning and expansion efforts to ensure success and potential for future growth.
Enterprise Florida The Orlando EDC is proud to partner with Enterprise Florida on a unified approach to promote the state’s business advantages. Through Team Florida, the EDC supports the ongoing marketing campaign, “Florida. The future is here.” and ensures continuity in messaging and promotions. Launched in 2016, the campaign complements the Orlando business brand and utilizes shared images and content. 16
Economic Insight An understanding of Orlando’s competitive position is fundamental to the EDC’s ability to achieve and sustain success in business attraction. The EDC’s Orlando Economic Forum, a group of local industry leaders, evaluates current economic conditions and issues of regional economic significance in the Orlando MSA and then publishes their analysis.
“The Orlando Economic Forum develops its own analytical framework to better guide local dialogue and identify opportunities. The forum is constantly scanning the economic landscape and seeking opportunities to propel Orlando forward on all fronts that contribute to growth and prosperity.” SEAN SNAITH, PH.D. Chair, Orlando Economic Forum
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Building the Brand Businesses around the region rallied around the “Orlando. You don’t know the half of it.” brand by lending financial and in-kind support. More than 90 organizations – public and private partners – champion the campaign by offering their resources, displaying ads in their venues and spreading the message through their communications channels. Additionally, the campaign aims to increase resident awareness of the region’s assets. A key part of building Orlando’s business brand is informing residents who can add perspective to the region’s ‘other half.’
AD IMPRESSIONS
32M
MEDIA IMPRESSIONS
385M
WEBSITE TRAFFIC INCREASED
26%
Fueling Results Now in its second year, the Orlando business branding campaign, “Orlando. You don’t know the half of it.” is seeing results and resonating with target audiences of c-suite executives and site location consultants as evidenced by the increase in business development client activity.
“The business branding campaign is performing exceptionally well. From the onset, the goal was to get Orlando on the short list for possible company locations and expansions more often. We’ve seen exactly that as more companies have taken a serious look at Orlando.” JIM ALESSANDRO Chair, Regional Branding Forum
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MEDIA COVERAGE
Awards •
• • • •
2016 three gold and two silver ADDY Awards from the Orlando Advertising Federation 2016 FPRA All Image Award 2016 FPRA Orlando Chapter Promotional/ Marketing Award 2016 PRSA Sunshine District Radiance Award for reputation/brand management 2015 first place awards from the Florida Economic Development Council (FEDC), Promotional Materials Awards Competition
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Investing in the Future EDC investors provide the resources needed to carry out the priority of the region’s economic development efforts. EDC success is directly linked to increased opportunity for all local companies, which is why the EDC works closely with both public stakeholders and private industry to develop a more competitive, diverse business climate and nurture an environment where everyone can grow. Investor Relations is focused on briefing investors on EDC pipeline activity, branding successes and asking each investor to be “ambassadors� for the region.
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INVESTOR COMPANIES VISITED
90+
BRANDING PARTNERS SECURED
1,000+ EXECUTIVE STAFF BRIEFED
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James B. Greene The EDC hosted its annual James B. Greene Award Dinner on Tuesday, May 17, 2016 to honor Lars Houmann and Randy Berridge. The event generated a record crowd with 700 seats sold.
The 26th Annual James B. Greene Award Dinner, held on May 17, 2016, welcomed the largest audience in the long history of the event with more than 700 people in attendance.
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Every year, the Orlando EDC honors the legacy of James B. Greene by recognizing a Central Floridian who made significant contributions to the region’s economic growth and quality of life. “The legacy of James B. Greene puts community above self, seeks the health, peace and prosperity of the land into which we have been carried.”
“Our commitment to higher education’s role in economic development and innovation is a powerful differentiator for our region.”
Lars Houmann, President and CEO Florida Division of Adventist Health System 2016 James B. Greene Winner
Randy Berridge, President Florida High Tech Corridor Council 2016 Chairman’s Award Winner
Houmann first joined Florida Hospital in 1993 and served as CEO since 2006. Through his leadership, Florida Hospital has been named among the top hospitals in the country by U.S. News and World Report. A past EDC chairman, Houmann’s efforts in shaping Orlando’s healthcare landscape have led to economic growth and diversification in the region.
Berridge, president of the Florida High Tech Corridor Council since its formation in 1996, is a strong advocate for economic development in the 23 counties that the corridor serves. Berridge is recognized for his commitment to cultivating a high tech workforce and connecting businesses with UCF, USF and UF. 23
The EDC hosted four Insider Updates in locations around the region that highlighted companies, partners, EDC programs and events as participants engaged in lively discussions that featured expert panels in a variety of topics. Quarterly Insider Updates offer insight into new initiatives and programs created to strengthen Orlando’s business brand and grow the business community.
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Insider Update Topics: Q1 – Results from 2016 Phoenix Leadership Experience Q2 – EDC strategy and goals for new fiscal year Q3 – Region’s growing tech scene Q4 – Innovations in health and wellness
One of the Orlando region’s most anticipated events of the year, the BBQ on the Boulevard invites the business community for a night of networking and great food just steps away from Lake Eola. The 2015 event saw a record crowd with 1,000+ registered attendees.
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Governors Council
Board of Directors 2015–2016
Executive Committee DAVID FULLER, CHAIR, SunTrust Foundation ROBERT UTSEY, VICE CHAIR, Skanska USA Building Inc. KEN POTROCK, SECRETARY/TREASURER, Walt Disney World Resort THOMAS SITTEMA, PAST CHAIR, CNL Financial Group CECELIA BONIFAY, Akerman LLP PHIL BRAUN, Central Florida Health KELLY COHEN, Southern Strategy Group BRUCE DOUGLAS, Harvard Development Co. WILLIAM DYMOND, JR., Lowndes, Drosdick, Doster, Kantor & Reed, P.A. ORLANDO EVORA, Greenberg Traurig, LLP JIM FRITZ, Orlando Magic ANDY GARDINER, Orlando Health JIM GRAY, Parkway Properties ROSEANN HARRINGTON, OUC - The Reliable One JOHN HITT, University of Central Florida MARC HOENSTINE, Duke Energy LARS HOUMANN, AHS/Florida Hospital TONY JENKINS, Florida Blue AVIDO KHAHAIFA, Orlando Sentinel Communications TONY MASSEY, Massey Services, Inc. E. ANN MCGEE, Seminole State College of Florida JOHN MCREYNOLDS, Universal Parks & Resorts WILLIAM MOSS, CBRE KHALID MUNEER, Asian American Chamber of Commerce GEOFF ROGERS, Full Sail University RASESH THAKKAR, Tavistock Group
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Board Members GEORGE AGUEL, Visit Orlando STEVE ALCH, Bank of America/Merrill Lynch MALIK ALI, Florida Minority Supplier Development Council PAUL BAKER, Sanford Burnham Prebys Medical Discovery Institute TIM BAKER, Baker Barrios Architects WENDY BRANDON, HCA Central Florida Regional Hospital BILL BUCHER, Axium Healthcare Pharmacy, Inc. BRIAN BUTLER, JCB Construction, Inc. CHARLES COLE, JR., HuntonBrady Architects P.A. COMMISSIONER JIMMY CONNER, Lake County ROGER COOK, JPMorgan Chase Bank N.A. PAUL CURRAN, WFTV, Cox Media Group Orlando JOHN DAVIS, African American Chamber of Commerce of Central Florida
LAURA KELLEY, Central Florida Expressway Authority KASEY KESSELRING, Montverde Academy FRANK KRUPPENBACHER, Greater Orlando Aviation Authority KELLY LAFFERMAN, Findsome & Winmore MELBA LUCIANO, School District of Osceola County KIMBERLY MAKI, Charter Communications (formerly Bright House Networks) RICH MALADECKI, Central Florida Hotel and Lodging Association MICHAEL MARDER, Greenspoon Marder, P.A. CRAIG MCALLASTER, Rollins College NAN MCCORMICK, CBRE DONNIE MILLS, SeaWorld Orlando HAROLD MILLS, ZeroChaos CHARLES R. MOJOCK, Lake-Sumter State College
ORRETT DAVIS, Orlando Tech Association
SUSAN MOXLEY, Lake County Public Schools
JEFF DOUGLASS, Cybis Communications
KATHY PANTER, Junior Achievement of Central Florida Inc.
MAYANNE DOWNS, GrayRobinson, P.A. MAYOR BUDDY DYER, City of Orlando JEFF EISENBARTH, Rollins College JAMES ETSCORN, BakerHostetler SCOTT FARIS, AeroSonix, Inc. STEVE GARRITY, Highwoods Properties ERIK GENRICH, CenturyLink
GIORGINA PINEDO-ROLON, Hispanic Chamber of Commerce of Metro Orlando MICHAEL POTESHMAN, Tupperware Brands Corporation JON RAMBEAU, Lockheed Martin - Mission Systems & Training PHIL RAWLINS, Orlando City Soccer Club
WALT GRIFFIN, Seminole County Public Schools
WANDA RILEY, Cushman & Wakefield of Florida, Inc.
MICHAEL GRINDSTAFF, Shutts & Bowen LLP
PHIL RUGGIERI, IDEAS
JOE HALESKI, Orlando Solar Bears
NANCY SCHWALB, Schwalb Public Relations
COMMISSIONER FRED HAWKINS, JR., Osceola County
SANFORD SHUGART, Valencia College
LAURA HEISELMAN, Apopka Area Chamber of Commerce
STANLEY SIDOR, Lake-Sumter State College TOM SMITH, Hyatt Regency Orlando
STEVE HOGAN, Florida Citrus Sports
JACOB STUART, Central Florida Partnership
DARYL HOLT, Electronic Arts Tiburon
LARRY TOBIN, Fairwinds Credit Union
CHAIRMAN JOHN HORAN, Seminole County DAVID HUBBARD, Keiser University FRANK IOPPOLO, JR., Orlando Sanford International Airport
MARY TRIER, Capital Communications & Consulting BRIAN WATSON, Burr & Forman LLP
MAYOR TERESA JACOBS, Orange County STEVEN JAMIESON, The Mall at Millenia BARBARA JENKINS, Orange County Public Schools JEFF JONASEN, Gunster DEREK JONES, Wells Fargo
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Financials Private sector support accounted for 60 percent of the EDC’s total revenue, while 40 percent came from local government contracts with Orange, Seminole, Lake and Osceola counties and the City of Orlando. Seventy-eight cents of every dollar spent directly supported the EDC’s economic development mission. This year, the regional branding campaign brought $640,115 of in-kind/trade. Private branding sponsorships totaled $263,556 and public branding sponsorships were $500,000.
REVENUE
$6,401,963
60% Private Funding: $3,864,340 40% Public Funding: $2,537,623
Expenses
78%
12%
10 %
ECONOMIC DEVELOPMENT
INVESTOR RELATIONS AND EVENTS
GENERAL AND ADMINISTRATIVE
$4,581,019
$720,478
$559,633
These results are preliminary and have not yet been confirmed by our auditing firm BDO USA, LLP. 28
#1 IN THE U.S. FOR POPULATION GROWTH U.S. Census Bureau
#1 IN THE U.S. FOR JOB GROWTH U.S. Department of Labor
ORLANDO ACCOLADES
#2 MOST COMPETITIVE BUSINESS LOCATION KPMG
TOP 10 AMERICAN CITY OF THE FUTURE FDI MAGAZINE
301 E. Pine Street, Suite 900 Orlando, Florida 32801 P/ 407.422.7159 F/ 407.425.6428 orlandoedc.com