North Florida Regional Council for Economic Development A 501c(6) Corporation.

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Presentation transcript:

North Florida Regional Council for Economic Development A 501c(6) Corporation

2006 unemployment rate 2.7 % 2009 unemployment rate 8.05% What is the impact ▬ Creates more pressure on social services ▬ Higher Crime Rates ▬ Loss of homeownership due to foreclosure ▬ Reduced property values ▬ Decreases real property tax revenue ▬ Decreased disposable income

Sales tax $19,979,960 $14,838,752 Difference $ 5,141,208 26% Bradford county portion $ 734,458 Gas Tax $ 5,691,267 $ 4,725,957 Lost income $ 965,309 17% Total revenue decrease $1,699,768

JOB$ lost (partial list based on Chamber membership) ▬ NAPA 5 ▬ CMC Joist and Deck200 ▬ Riverside Uniform 35 ▬ Sunshine Mobile Homes 4 ▬ Food Lion 25 ▬ Save a Lot 5 Full Time 7 Part Time ▬ Merle Norman Cosmetics 3 ▬ Blow Fish 20 ▬ Larry's Giant subs 4 ▬ Lost JOB$ (partial) not including downsizing301

JOB$ are all around us! Why not here? ▬ Solar Panel Manufacturing Green Cove Springs ▬ Dollar General Warehouse Alachua ▬ Wal-Mart Distribution Alachua (600) and MacClenny ▬ Call Center Fleming Island (200)

North Florida Regional Council for Economic Development Plan ▬ Interview and Hire Economic Specialist ▬ Full Time Position ▬ Bring JOB$ to the Region ▬ Knowledge of available grants and incentives for relocating companies ▬ Create one stop Commercial relocation package ▬ Locate compatible companies ▬ Provide JOB$ for residents and boost our economy

FUNDING ▬ Regional Government Agencies ▬ Private Pledges