A place where spending time at work isn’t work at all. The Pensacola Bay Area

Pensacola Bay Area’s Structure EDC housed under the Chamber of Commerce Separate EDC Board made up of business leaders and city and county administrators Funding: 50% Private and 50% public Core Economic Development focus is Escambia County with services spread throughout the region Structure allows holistic economic focus including military commercialization, education, legislative activities, PR, entrepreneurship and traditional ED

Economic Development Tracks Traditional (Jobs, Investment, Payroll) –Marketing –Recruitment –Retention Non-Traditional (Innovation, Talent, Entrepreneurship) –Entrepreneurial Environment (networks, capital, support services) –Education (K-12 and Universities in the region) –Commercialization –Research Base

Traditional Economic Environment Small company growth – aerospace, renewable energy, software Large Company Strengths/Growth –GE Wind Energy –Navy Federal Credit Union –Wayne Dalton Past layoffs at major employers in the area –IP –Daws –Sterling More to come

Activities 2 Start-ups formed in the last 5 months 4 of the 6 WIRED entrepreneurship grants awarded to companies in Escambia County Whitesands Angel Fund set to launch in the next few months Regional Technology Entrepreneurship portal set to launch in January/February Beginning branding initiative in January for Pensacola Bay Area