The URL can be used to link to this page

Home My WebLink AboutDocumentation_Regular_Tab 10C_1/14/1993 ,/ • ,'' '';, VILLAGE OF TEQUESTA P' Post Office Box 3273 • 357 Tequesta Drive . �; Tequesta,Florida 33469-0273 • (407)575-6200 • •iiip a Fax: (407)575-6203 e CO • COU MEMORANDUM: TO: Village Council. FROM: Thomas G. Bradford, Village Manager DATE: January 7, 1993 SUBJECT: Business Development Board of Palm Beach County, 1993-94 Annual General Level Renewal Dues; Agenda Item The Village has received its annual General Level renewal dues from the Business Development Board in the amount of $500 . Last year, when Phillipe Jeck made a presentation to the Village Council urging membership, the Village Council choose to do so, but requested that renewal be specifically brought before the Village Council to assess the validity of continuing forward with membership. 1992 was a dynamic year for the Business Development Board in that a new strategic plan was unveiled, based upon the work of consultant SRI International. As an outgrowth of this, the Business Development Board established a new Business Plan and Mission Statement to adjust its activities in accordance with the findings of the SRI Study. The enterprise network being developed by the Business Development Board for a more supportive business environment recognizes the need for local government liasions . Vice-Mayor Ed Howell is Tequesta's liason with the Business Development Board, attending different meetings of the Board. I was not able to have been as active this year as I desired with the Business Development Board, but can tell that they are on the threshold of making major changes in their operations and functions, and are in need of Tequesta's support. The attached documents further explain the new direction being taken by the Board. I would recommend that Tequesta continue its membership for another year. TGB/krb Attachment • Recycled Paper .// 14;i1A ".";, Business Development Board Fs�T of Palm Beach County 9 AN Os 70 vi�E Major Contributors - 0) S7 BOARD OF ADVISORS N.- Barnett Bank of Pakn Beach County •Bakers West Development Corporation BUSINESS DEVELOPMENT BOARD OF PALM BEACH COUNTY Ellison Graphk:s Corporation McGladrey&Pullen Smith subisiame MEMBERSHIP RENEWAL INVOICE The Ecclesfone Organttatbn CORPORATE LEVEL First Union National Bank'of Florida DATE: January 4, 1993 Florida Power&Light Gurster,Voaldey&Stewart,PA. IBM JM Farnly Enterprises,Ina Marquette Electronics,Inc. TO: Thomas Bradford SunBank/South Florida,NA. ues Te Village of W.R.Grace&Company q g PRESIDENTS LEVEL P.O. Box 3273 Tequesta, FL 33469-0273 Adelphb Cable AGES Arvid()Company FROM: Business Development Board of Palm Beach County ATC Long Distance Boynton Bulders Supply,Inc. Cellular One . City of Boca Raton City of West PalmBeach FOR: 1993-94 Annual General Level Renewal Dues Compass Management&Leasing,Inc. Coopers&Lybrand Crocker&Company Edwards&Angell Fischer-Gaeta-Cromnvetl AMOUNT DUE: $500.00 Florida Crystals Refinery,Inc. Florida Telephone Systems Great Western Greenhorn&O'Mara,Inc. Hodgson,Russ,Andrews,Woods& Please make checks payable to: Goodyear McDonald's Corporation NoIoank Navatek Internationalnal,,Inc. Business Development Board of Palm Beach County Palm Beach Media Group 1555 Palm Beach Lakes Blvd., Suite 155 QO Chemic WhitneyInc. West Palm Beach, FL 33401 Steel Hector&Davis Sun-Sentinel Tombone Real Estate Development Attn: Kelly Smallridge The Prudential Fbrlda Really Vsto Center/Boca Commerce Center The Business Development Board of Palm Beach County is a not-for-profit corporation which recruits and retains corporate headquarters,research facilities and manufacturing firms to Palm Beach County. Contributions or gifts to the BDB are not deductible as charitable contributions for federal income tax purposes. However,payments may be deductible as an ordinary and necessary business expense. 1555 Palm Beach Lakes Boulevard,Suite 155,West Palm Beach,Florida 33401 •(407)684-2401 •FAX(407)478-2231 i . 4aikk ...... .. Business Development Board. wii.momr. of Palm ,Beach County, Inc. YlJ�}e i 9. `" s„.a t`F: La i. 4T 1> 'x.., - 7,- u t.:3Y `� , fps Y�xi'S 73::u r ,di�' rth '` iµ •�y�t s j y ,-. W''.e .t ,�, A y.��'• i E _, • _ J 7' _ .ra . a+i i A at w,xli ,�,.,,,,,„...„,. .. i er a ' . A .. 4 i - . .. ,.., • .`"4*`:.�Z Y v r.t j. i ; .�$ , y. .. :', x., y r' ;v;. ` f "` '- , ; A NEW STRATEGIC PLAN In 1990, Palm Beach County however,has slowed since 1985. SRI and regulatory climate, available began to experience structural predicts our population growth will capital, and an adequate physical economic changes. We saw normalize to a pace only slightly infrastructure. Combined, these declining real estate sales, higher than the projected national factors nurture and sustain the "rightsizing" of major corporations, a annual growth rate of 2.5% - 3%. entrepreneur, support existing shrinking capital base, and declining Clearly,we need to look to sources of industry, and attract new businesses. tax revenues. Several business and economic growth rather than community leaders met in an attempt population growth to restore and Along with becoming students of to determine what short term enhance this county's economic well- our driving clusters to correctly economic stimuli could help restore being for the future. anticipate their needs, we need to the area's economic vitality. Because look ahead to emerging clusters. It is - indicators of the recent economic likely that whole new industries could downturn were not as obvious as in The mission of the Business become the new drivers of our past recessions, the road back to : Development Board Is to build economy within a few short years. prosperity was not apparent. In upon the strengths of. Palm We expect they will develop around response,the Business Development ;:Beach County :;:to ;assure: advancements in communication, Board asked SRI International to look sustained long-term economic transportation and environmental at the local economy, analyze the growth,.: 'high-value-added; sciences. To ensure their successful health of our driving industries and :: employment and:`s_constantly evolution and to position ourselves as the economic foundations supporting :improving quality of life. :i ::: ` the pre-eminent site for the them, and develop a new economic development of those technologies, strategy for the county. Their analysis the Business Development Board will and recommendations are the source SRI makes the case for a new coordinate the creation of three of this Strategic Planning document approach to economic development technology centers. Business and which focuses on industry clusters - community issues of communication, SRI's research revealed several competing, complementary, and environment, and transportation will very critical elements which influence interdependent firms - to restore and be identified, analyzed and resolved. our economy's performance. First, enhance the county's economic there are seven industry clusters that health. They stress that although we' Our strategic plan is written to drive Palm Beach County's economy. have many of the essential guide our organization toward Three(tourism,real estate,and health ingredients to successfully compete in building the linkages which services) are population-growth a global economy,the county lacks a characterize successful regions. The driven. The other four (aerospace very important element-the linkages Plan is not "business as usual° and and engineering, business and or °glue° - required to hold our will require 'strong Leadership and financial services,communication and clusters together and help them Partnership to implement. The computers, and agriculture and food thrive. SRI points out that successful Business Development Board is processing) tend to be more driven economic regions have industry committed to driving the process that by market forces. In the past,annual clusters which network together to will bring together the business, population growth has been dramatic meet their needs for training, capital, government, education, and enough to carry us through a technology, and suppliers. They community leadership to coalesce fluctuating economy with minimum thrive in an environment with trained around this new vision for Palm negative impact. That source, human resources,a"user-friendly"tax Beach County. 1351ne857 } Enterprise 'x aLoc" '. Network a�.�s _ Locat ' Charrtbert Business Development Go 6friment Board Maintains ; 'Liaisons` Computer Network �. ., -:'y �09 :/.V � inin ��. i.� Network;. PALM BEACH COUNTY NEEDS AN ENTERPRISE NETWORK Quoting from SRI's Report: • "Although many elements of a vital cluster-based economy exist in Palm Beach County,the"glue"is missing. As Palm Beach County shifts its primary orientation from attracting wealth to creating wealth, the basic elements of an enterprise-driven economy will be tied together through an enterprise network.' "Palm Beach County is in a unique position to create and maintain an integrated, cluster-focused enterprise network that goes beyond traditional manufacturing networks. A well-developed enterprise network will lead to a more supportive business environment, engendering a regional economy that serves as a business "incubator without walls." The county has all the relevant players: internationally competitive firms undergoing rightsizing, firms with communications and systems expertise, a growing supplier base, a major university and community college, a board of county government committed to economic development, several organizations dedicated to assisting business, and the Business Development Board of Palm Beach County." "Palm Beach County's enterprise network will focus on the four major clusters extending the concept of traditional networks to a new level of intensity. This enterprise network will provide the support needed by small and large firms to prosper within a buyer-supplier network of a larger communications, environmental, or transportation cluster." ES11I.tti .:.::s...d to nfeedfor amarket dmren economic development strategy Te a market-driven means:to have ai:` .;: ::: In-depth th derstand+ng of the marketplace+n which +b�t..industr l lusters.:compete, Gild. ! understand+fig of,the.... ......:...::.::. !Deal business environment;they..must have in order to;remain :....,uting their.nln.e.morath..stu r..SRI:coltetet::data from::2 :individuals'.r reseritin 1.66 business:;education,`:anct:>:. ...govemme it:entities ::This information combined.with.tnptut from on-going:focus groups wi l.enable.us to be market;.. . • REGIONAL COMPUTER NETWORKING SYSTEM A central element of the enterprise support network is a regional computer networking system. This system consists of two parts: databases and an electronic bulletin board. All members of the network will have access to both parts. Databases to be developed and maintained by the Business Development Board.fall into the following areas: Education and training opportunities, Sources and seekers of capital, Local suppliers and support services, and Cooperative R&D activities. These databases provide the user with up-to-date information on where to go for specific training programs, capital sources,local suppliers,and technical skills and expertise. In addition to data access,the network provides on-line advice . from network participants acting as counselors. • LfUSINESS FLAN The following are missions,goals and objectives developed by the Business Development Board to enhance business Investment in Palm Beach County. The missions represent approximately five-year targets while the goals and objectives will be accomplished within three and one years respectively. ECONOMIC DEVELOPMENT DEPARTMENT Mission • To attract, retain and grow high-value-added clusters evelo ment etll�ATp of industries for Palm Beach County. p Aq ois Wrote Goals • fvdppr rtae+ssl!!lp • Attract 75 companies over the next three years that will create advantages for key clusters of industries by providing suppliers, market opportunities for new and existing firms, special expertise and a source of entrepreneurs. • Assist 45 existing companies to expand by developing and expanding buyer-supplier relationships over the next three years. • Establish Communications Technologies and Alternative Transportation Technologies Centers by 1995. • Encourage 35 start-up companies over the next three years by providing access to needed financial, technical and market resources. Objectives • Develop a cluster driven recruitment plan for companies residing outside Palm Beach County. • Conduct a direct mail program to BDB master list of 10,000 businesses. • Develop a strategy to communicate Palm Beach County's cluster advantages to executives living here or visiting during the tourist season. • Conduct six domestic industry recruiting missions. • Conduct two international recruiting missions. • Participate in two trade shows targeting firms-in the major cluster groups. • • Hold a Palm Beach County Familiarization (FAM)program for representatives of the Florida Department of Commerce. • Write existing industry program and create new products based on the needs of the cluster groups: • Initiate actions to establish Communications Technologies Center. • Initiate actions to establish Alternative Transportation Center. • Write a business start-up program and create new products based on the needs of entrepreneurs and incubating businesses. RESEARCH & ANALYSIS DEPARTMENT Mission .R • Provide necessaryresearch and analysis to address ..:fie.::::::<::::< `><�< < »><: .-: :<.:>:::,L ;:<:>:<::<;« :•;.:..>:,:,;<>;:::::::»:::;;.:;;<:::<:;::«:«:<::::<;::::<::;.:;.- Anal i =__..<>:>....P#.KB CL4.!< economic development issues and support the <:>::>::::»>»»>:»::»::>::»>::>:: ::>»>::»>::>::>>:: >:: ..,.............. :: . ys s, mission of the Business Development Board. Goals • Build Research&Analysis Department into progressive and thorough department recognized as a model in the State. • Assist in establishing industry cluster marketing strategies. • Establish Regional Computer Networking System providing companies with information on capital,technology,training, suppliers, vendors and goods and services by 1994. • Establish Environmental Technology Center by 1995. Objectives • Position Research &Analysis Department as definitive source of business/economic data for Palm Beach County. • Create research publications providing economic and demographic information. • Support Economic Development, Marketing and Membership Departments with special reports or analysis. • Produce profiles of key clusters of industries in Palm Beach County. • Establish database for education and training opportunities. • Design and implement necessary equipment to support databases required for "Enterprise Palm'Beach County." • Establish database for local suppliers and support services - "Vendor Network." • Establish database for sources and seekers of capital. • Establish databases for technology supplier and cooperative R & D activities. • Maintain database of existing buildings and facilities in Palm Beach County. • Design electronic bulletin board systems which will provide access by modem. • Initiate actions to establish Environmental Technology Center. • MARKETING DEPARTMENT Mission Markel/17Y .. . . .... - ..... • • • • • Position the Business Development Board of Palm Aysf,000*Pk,-, it . . Beach County as the forward thinking change-agent .;:ifigoogiv for economic development in the State. Goals • Provide required marketing support for the Board to accomplish its mission to build upon the strengths of Palm Beach County to assure sustained long-term economic growth, high-value-added employment and a constantly Improving quality of life. Objectives • Develop advertising, promotion, public relations, and communication programs to strengthen image and public awareness of the Business Development Board (BDB). • Develop marketing campaign to launch and nurture the implementation of"Enterprise Palm Beach County.' • Strengthen member understanding of Board programs and benefits of membership. • • Develop advertising, promotion, public relations and communication programs to strengthen image and public • awareness of Palm Beach County. • Provide marketing support to Economic Development and Membership Development Departments. MEMBERSHIP DEVELOPMENT DEPARTMENT Mission • Ensure the continued interest of members in the Mafailg Business Development Board's programs, and lo.iiikiiiiitipio.1111.K provide enhanced funding to finance the Board's Development g#01.0FICiM:::1;ranilsong economic development programs. Goals • Generate $450,000, $500,000 and $550,000 in private funds in 1993, 1994 and 1995. • Provide membership services through special projects designed to analyze and interpret the needs of our members. Objectives • Obtain and maintain a 75% renewal rate of existing members. • Recruit 100 new members. • Organize "special"projects designed to strengthen Board's membership program. • Interface with Economic Development, Marketing and Research &Analysis Departments in order to remain aware of projects and activities. PUBLIC/PRIVATE PARTNERSHIP Mission P /. .00origigiV;!i . ', ukhc :: • Provide overall support to the Board of Directors, Private • Executive Committee, and departments of the Board KiliffialPatUfe ship to assure adherence to and advancement of the organization's mission. Goals • Form a private/public sector partnership that will review and begin implementing the recommendations of"Enterprise Palm Beach County." • Act as Liaison with Executive Committee, Board, members and general public. • Facilitate establishment of Environmental,Communications and Alternative Transportation Technology Centers by 1995. • • Create the"model"Enterprise Network program that Enterprise Florida and other economic development organizations in the state can emulate. Objectives • Organize an alliance with the Board of County Commissioners, School Board, university and community college systems, and the Municipal League. • Organize private sector alliance with the Economic Council, Chambers of Commerce and industry cluster groups. • Assist Economic Development and Research and Analysis Departments in their efforts to establish technology centers. • Document the re-organization and strategic planning efforts of Business Development Board for Enterprise Florida. • Continue to participate in Enterprise Florida. • Monitor county's economic element. • Work with committees of Board of Directors. • ORGANIZATIONAL CHART Board of Directors Executive • Committee • President Executive Assistant Economic Development Existing Marketing Industry Representative , Research & . Analysis Marketing Membership isair • Receptionist Data Administrative Administrative Systems Assistant # - s F r Assistant* • To be shared between Membership and Economic Development departments. ORGANIZATIONAL STRUCTURE The Business Development Board of Palm Beach County, Inc. is a private, not-for-profit corporation, founded in early 1982 as a county-wide economic development organization. Recognizing the need to diversify the economic base of Palm Beach County, seven Chambers of Commerce, the Economic Council of Palm Beach County, and several progressive business leaders met to form the BUSINESS DEVELOPMENT BOARD OF PALM BEACH COUNTY, INC. In 1982, the Palm Beach County Board of County Commissioners passed resolution No. R-812-200 which recognized the Business Development Board as the organization in the county to stimulate desirable industrial development for the county. Also in 1982, the Florida Department of Commerce designated the Development Board as the lead organization in the county to interface with the State of Florida's program. On December 31, 1985, the Palm Beach County Board of County Commissioners passed Resolution No. R-85-2115 which established a contract relationship between the Business Development Board and the county for performing industrial retention and recruitment programs. Today, the Business Development Board maintains a county-wide organization, in cooperation with the various Chambers of Commerce and municipalities,which coordinates industrial retention and recruitment programs. The Business Development Board is governed by a Board of Directors composed of the following: Nine directors appointed by member Chambers of Commerce Four directors appointed by the Economic Council of Palm Beach County Chair, Palm Beach County Commission Chair, Port of Palm Beach Commission Fifteen at-large directors elected by the membership The daily operations of the Board are conducted by paid staff under the direction of a president. • • Complete Puzzle# JOIN THE BUSINESS DEVELOPMENT BOARD Economic development today focuses• upon Improving our county's standard of living, expanding business opportunities and improving quality of life. Achieving this vision is the Business Development Board's mission for the balance of this decade. The Board is funded both publicly and privately, with financial support from local businesses, Chambers of Commerce and Palm Beach County's Board of County Commissioners. Membership in the Business Development Board is an opportunity to join others who share the common vision of increasing high-quality jobs and quality of life. Membership keeps you informed and involved in the county's economic development activities and provides opportunities to network with business and government leaders: Joining also allows you to utilize research and support services that can help your business grow. EtV: ERA .All ................. intr• to ne.:................................................ ::!:.:Membership lisfu� >n.Palm;Deach Caun: profile. a:ha . .... :of.local: oods:and:senifces: : ovided to new :::..:...:: nit`eXpainding:companies and:locaZ common ::':; :Announcements of usiness opfportunit s for suppliers:and;;;ven• dors::::; ;'::>r;.Monthly newsletters with information on new%expanding companies and trade leads:::::::::::::::::; ::9::::'.:.: :':::::-::: �Y.,lea.:::e�shiA.;:;.,::.::::::::::::.:_.:::'::::::::::::::::.�:.�.�:::::::::::::'::.�:::::::::::::. ;: ;is. Pattici atlon:in Board's:committee ask for es . :•• •-•••••••••• ••:"•••••• • ':::::::::::::::::::::::. :::::.:::::::::::::::.:::'::.:::::: arter :; •. Q I I u ............................................................. Access:ta. •::::Promot naland.marketing:materials.avaiia rle:for:your:use in omotin ::th.e commucr �::;: welt:.as. b urco •:.;: :nn.:ua:;;repots a:::... .vocacyand:' rouble::shooti.. ";:for:business>.develo a►ent:;issue :<::;:<:::;;:;;>: ; <:;::::; ;; Nof anal s ervr ce s:: offered:to:8oald of advisors,.:CorPorate;:arrcl;Pres/debt::lev+et;:.::: ,;: ::;: :.::;members,.please contact the Business Development Roardfor a complete description. If you would like additional information concerning the Business Development Board's programs or if you would like to know how your company can become involved in Palm Beach County's economic future, please contact the Board at the address below. Business Development Board of Palm Beach County, Inc. Bulk Rate 1555 Palm Beach Lakes Blvd., Suite 155 U.S.Postage West Palm Beach, FL 33401 Paid (407) 684-2401 • West Palm Beach, • • Florida Permit No.864 • Thomas Bradford Tequesta,Village of P.O. Box 3273 Tequesta,FL 33469-0273 Economic Development Redefined for the 1990s In the past,economic Issues in Palm Beach County have been cast In terms of population growth-either how to attract more or how to manage it.. Growth itself was viewed as inevitable. The only real challenge was how to channel it. That era is now coming to an end. Population growth Is not the same as economic growth. Economic growth is measured by growth of real per capita income and real per capita wages. It is possible to have slower population growth and increasing economic growth if personal income and wages, through rising productivity, are growing faster than population. The goal for the county should be faster economic growth based on increasing productivity and value added in the local economy - not simply higher population growth. Economic development today is defined as increasing the standard of living, expanding individual opportunities, and creating a higher quality of life. Whereas economic development was once synonymous with attracting industry and developing real estate, it has been redefined in the 1990s. Economic development is the process of creating wealth and opportunity by attracting, retaining, and growing high value-adding clusters of industries that create high-quality jobs. A major role of economic development organizations is to create the support environment necessary to grow high value-adding clusters. Economic development tasks have shifted from a primary focus on recruitment to a more balanced approach that involves brokering resources to meet the needs of new and expanding businesses. Cluster Strategies Lead to High-Quality Jobs Economic regions that develop clusters of competing, complementary,and interdependent firms have a comparative advantage in the global economy. Beyond tourism and retirement services,Palm Beach County has four major economic clusters: Communications and computers,Aerospace and engineering, Agriculture and food processing, and Business and financial services. 45 O00 S . 4 Aerospace/Engineering a ce En neerin 40 S000, • 35 S000. $30,000 Communica tions Com t u ers P ial rvices Bu siness Financ Se 5 25• 00 Un ited e, ou Palm Beach C n ty ,000 A9 icultur al Food Processing $10,000 r€fo 1980 1982 1984 1986 1988 • . 1990 These four clusters are more concentrated than in the rest of the nation and can drive the Palm Beach County economy toward higher-quality jobs. Palm Beach County needs to adopt a strategy that will build on the strengths of its present concentrations to develop vital clusters with the potential for sustained long-term growth and high-value-added employment. This strategy,structured to build on the county's inherent strengths, proposes two levels of objectives to provide both near-term and long-term growth: Current Industrial concentrations should be deepened and strengthened through emphasis on Improving cluster linkages,fostering the creation of smaller firms,and reinforcing economic foundations in the county. Portions of these concentrations can be used with the support of new foundations to seed the development of new clusters that will provide additional opportunities for diversified long-term economic growth. The major challenges and opportunities to develop each of the county's four emerging clusters are summarized on the following page. . Communications and Computers • This cluster employs 18,000 people in 332 firms in office and computing equipment, communications equipment, ' electronic components,telephone apparatus, communication services,and research and testing services. Employment • in office and computing equipment is seven times as concentrated as the national average, and employment In communications equipment is four times as concentrated. Although the concentration of internationally linked and internationally competitive firms in.this cluster is high,very little cluster interaction and little cross-fertilization are occurring among firms: ..:: •Major opportunities: Development of supplier network.:and cluster linkages Improvement to education and training programs Emphasis en systems development Establishment of a communications and computer• technology center Aerospace and Engineering This cluster employs 14,000 employees in 393 firms,with the majority concentrated in a few large aerospace firms•and the rest in engineering services, industrial machinery, measurement and controlling devices, and search and navigation equipment. Employment concentration in aircraft engines and parts is four times the national average, and the concentration of aerospace and mechanical engineers is over three times the national average. Although this cluster is • a significant employer in Palm Beach County,employment is heavily concentrated in a few firms that are now restructuring. A buyer-supplier network in the cluster is not well developed. Major opportunities• Diversification through linkage to other applications. Emphasis on systems rather than single technologies Establishment of an alternative transportat►on technology center Agriculture and Food Processing This cluster employs 24,000 people in sugar growing and refining, agricultural services, farm machinery, food processing, and food packaging. Employment in sugar growing in Palm Beach County is 78 times as concentrated as the nation, and concentrations in cane sugar refining and agricultural services are three times as great. Opportunities abound for the restaurant and food products industry to expand in South Florida,which is now the fourth-largest restaurant area in the United States. However, food processing is underrepresented. Although Palm Beach County is an optimal location for growing winter vegetables and specialized crops, the economy remains largely dependent on sugar. Major opportuniti• es Nursery,greenhouses and landscape products • • boutique and ;specialty crops Establishment of an environmental technologies center Business and Financial Services This cluster employs 34,000 people in more than 3,000 firms involved in business services(e.g.,consulting,advertising, public relations, data processing), financial services (e.g., commercial banks, savings and loans, investment houses, accounting, and insurance), legal services, personnel supply, and printing and publishing. Employment concentration is twice the national average in financial services. This cluster has traditionally focused on real estate and financial institutions and has largely overlooked potential business investment opportunities in Palm Beach County. The cluster is now vulnerable to changes in the economy that reduce growth based on real estate, retirement, and tourism. Major opportunities. Value-added business services for locally based new enterprises Venture capital for• local start ups Att ctxm cf corporate headquarters and"back-office`operabvns Employment C0000nc.enNtartaiotnloanl Asvebryagleldustry Cluster • 800 Communications .. ,. . •::iNiimiwiki.:]: , and --...„.••.........., , , Computers ••••"...............: ,. ....... „ 400 - •..:IaiIii*::i*-i:::i.::i:i*:„:,, , ,A,:i.:!;i:i;:iii.:i::::.,.,:. ....,i,,.,..,. *;:i.:::::.i..i:.:!:ii:::.i::.:i::.iii:.."4, '1. :?::.:•iiipa.,..„, ... 200 _ .,,..:::::.::::,,iwi:,:ii.:.:,,in. •,..,.,.:.,,,::„::..,:...,,,,, .0.,i4,1,..„-?:.-Am. ,,,.Aii.:Now.:fi.: .„..0:vm::.,:i.4;,-:.- ,w).-ai:-!il.:.:: :•::::!..,.t... :ANS, l';;;.;:::;„:::::::::::::-:•••;-,..„. ,,...,.::i*i-i:i::::::::::::i:i:i iv ,,,,,,,,,:.;$6.-..,-- ..si.::: ...,;_t1,4m*:!t:-::•:".•-g-q ..•::?:z•:.=•:::-: •;j„-Ei;Alliry..4. ••••::::!•.".1..':-.1i:K,,• ,--54-!,:••44.•-•—• • !:ii:Eii:.:•::.:.0'.::''';'. ' ""'''':::::i::'•••:::',':':*.q.-. „•:•:•:•.:„:„.„::,„i:x:i;!Ai iii:ii:i:i.:.g::iiiii:::2 i;1111V%M::iiiMi:1%. :a.:::; :*:•*.::K''''':''''.41W-. .'- ' 1°3 ''":•:•:•%..:•:.i:i'....;:i:::::::::::•-;!1-Alla.1iiiiii$ii.EA'''; '''•i::.:ifiit:igaIigii;:l F.' j.'!itiiii:.i.i.::.::.:'•.:'... ,- ,- '-':-. 1'-:''''''''''''...-- •'- "-- --1.-: Research iii*:.1.•;:::::•ii:K•.:Wrr a:i*•.:::,::.:::::':'":,-..., • --••••,--,•''' - •••'•- ' Communication Misc.0 --,.--:'..-.:•:.:•:-......':' - ' Electronic Telephone Services Electricaland Testing Services Office and Radio and TV Equipment Computing Communication Components Apparatus EquipmentEquipment s.„.f7lit•.-X::ji 400 Aerospace - usiiiimm]::,, . and Engineering ....„............,.....:.,„ , 300 - •:•::g:;I:g:::::;:::„..--::.. • ..i..i•-•:.m:iiii:?:iiiiii,.i.::3:..• -------.---- ..................... _. 200 _ ::::.:mi2ii•:::-.i*::...i•t„, F:•rbgiI.I:i:i•:iiiii]::5;ii': • ......,......,,,.....,:y, .,,:....;:;.i.:::.;.:...."..::::;:.:::, ,,,,Xii:gi.iif:0::::-:?. ,0:VS':*]:1*i:i:i.;.:*: :••-•,' '''" "''''.".' '....-::::::::'::%':::::'*; 'w :'::::::';::::::::::::.*:%.s.:.'.::'''' .::::'''...:'f':;4::::.::.t'':': ':'':':':'::::::':'':::':'.:C::' '''''':::E:.:::::::::•:" :.li-s:iii: ..'3':'"*.::"":Elf::':.:':;:':'il:a ,':17:SM:Mii::i... ..,40:0:: ::i:':" ......:5Ma,i,•:**%:::4'..'- ; Search and ,I..............., Controlling ° Aircraft, Engineering Misc. Services Structural FabricatedMeasuring and Metal Engines Repair Shops Metal Machinery WholesaleindustrlalWorking Navigation and Parts DevicesMachinery Equipment ,..„..•••.,...„.4.„,... ,.,„„.„,,:-......,-„...„ ..--,--:-:•••:•:-:.:0-. ..„: Agriculture .:.5gE:::::.::..ii, ;.:!2.:.::::::. :::-.i.::.;i,!.:::,?„ :.:.: .::::...ii . : --- 30° - : ii;IRI:,!.:a. :gIN:::•::: :.: .::iii::::iigiiiiiiiiiii:iii• and • ....,.....,.,. ... ...%.................. ....,.................. -. .. Food Processing 200 - !O:rfa;iiIiIn:i.:•:*: :.::::?;:,!:.,:.:.::••2•:::z.xf :i:::i::.*i:,.::i:i::::i:.::::4.K. INg::i.:. .:::ii;:::'.. .iiiIIIi.ije. :•ia. ••::.i.i.ii•i•:•ip,:.•,. .:.::;4.:-.-; 150 - :::piki::::8,..i..i:•*.Ifti-:: i•IiI::::::iimmi.i.'.--::. la.ii.::::::i]mA,::„:.,,, •100 !!•:::•-•:•:::::::::::::::::::;4. iiii:iii:::- :::.:.:',& ion.:AOR .,..0.::miji:.i: :::::•:0 .:...:::::::::n.:mv•-.R. ........:-:,-,:i*:,-:::::.....i.,..: ,......i.,..::,,,,ei.,,.:.,,„.:,: .......,:i:::it:i..,:.(.,.. ....... , ------- --------- --..........„......„.. ....,.......................„ .,................,.....; .......:..1....., ..... . . ... . ....... ., ........,......,— ............................. ..........................., .....................,......... .............................. .................................. .........................,.„ .„........,............. •••••"-•••---- •"" .. ••:. .._ •••••• .:..... .........„......„ :..............•-„. ..."..•••_„.. ..:„ ................•.:. 4...... ,.......,„ 50 - ::::::i.': :•E ':::ar. .,.: ,:i]:.::.aa?::;ii;:::.-:..i:::; :,,,-:' ::::.:::.::-*::::::**K,:!:.*::' ::i*:*::::::::*:.*:::' T"..—i "'s•. '''' ..................„.... ............._. ,...... ................:„.::.:, „..:„.„:::::,,.,...,.... :,,.,,, „.. .:•,,,,,,,...,:-:,-,•:-... ,,,,,,,,,,:.:-:.:,:-.• :*:.:-.:•:::.:...,..:y. ,,,...... ........ •••••,.........—.,,,, :k,:...:::::,,, ..........,...,• 0 :. E,::ii!.:X::- ::•••••••••••,... Wholesale. Bakery Containers - ' A ricuitural Wholesale Products Chemicals Raw Cane CaneAgricultural Groceries Farm Supplies ServicesAricullural Wholesale Food Food Sugar Sugar Machinery Refining 250 Business and 200 - 2N::::n:•i;.:. :.........-:...-::.:.•,........::.:..:::.•-•:::-... Financial Services ................„ ........„, 150 - i:II•iiiii:zI1 •::: -;•:;•..1:•-.:.:'; ..,.....„...-• ----••••••••••-.. „. ......,,,,„.„ .. ,, .:•••••••••• • ----- ----- ---•••-- .i..q:I.:::::::. : i.:.i:,;.:::;:.:ii... •ii.:sa.:::::i-...;.-:: ,:•:::::::...i.i-i:i:i....--f„ :-.........,:::„; „.......„, . - "---- ................„... ...-...,„...„„ .........:-.....„,..... ..... ... .,..._.„. ,.............. ...,......„ ..................,„ „.....:...„.„,... •••••„.,......... ggiii ;-.: gRi.iMf:- -:].igM•"4 ':i.RiIiti::i':'4 :-.i:A:q gg51:: MMil 'iii0 : jl'..-:.;:::".:'.. ....'''''.::'.. :.:'....'. •. Insurance Computer .:.::.'.. .5' .::.:.:::f:; •'... ..4 - .-'. Business Commercial Business Advertising comets ana Data i.Niiik.' ','..q.: ::::. '*i*'.i':'':.'". '... ing Holdha Ak C°"Irnercid Credit Printing A593clatbril Processha 0 , ,,„„,.. Acc°mt - and Other Trans- At and 100 50 Services curse ntiy ial Monc)CO3- clo. ...,..— and kw portatien Graphic Institutions . and SeMc ment and Auditing Design Commodity PubBc Offices Brokers Relations SRI International • Palm Beach County Will Establish an Enterprise Network • Although many elements of a vital cluster-based economy exist in Palm Beach County, the "glue" Is missing. The linkages among and between firms and county institutions that can facilitate cooperation In training, research, and new product development are underdeveloped. The county's high concentration of business and technical expertise is sometimes underutilized because few vehicles exist to bring people together to create collaborative advantage. Palm Beach County thus has the opportunity to be a leader in creating an enterprise network that will link firms within clusters to the training, technology, and capital resources they need to be competitive. In order to compete both nationally and internationally, Palm Beach County must develop a network of suppliers that provides products and services to the county's larger companies. A well developed network will reduce the need to import material, human resources, technology and capital,and increase the county's ability to grow new businesses and attract firms from outside the region. The Enterprise Network of Palm Beach County will be the glue that holds together the economic development efforts in the county and supports enterprise development. The network will include: '`'e':<• #i »>:.»E:Eig d ..:.. , ..................E. ... ... . . ....:.:.....:..... ;.;::.:;;:•:<.:;.;:.;:;;<;.:: .:<::.,;;.;;:.:;.:;:.;:;,.::: str�ea. :lining '< :.;;:.>;:.»:.;:.::.;;:.;;:,;;;»::;:.>:.;;;;;:.;:.:::;;:.;; Wurlte.W ifkGa :. oinElel3t:On:r< riX1 :..:..:..:................. ..... :.:.,,.:....1.d�nt common.indus. . concerns ..: ....:...........it}�.....,... .. .. :.:. ::.:R::.:.::..........................�5.... a si le. . :of acc :ao::fir: Qv$r ment ....... .... ........... ........................... . �........................::.. rr•mla<:devei farma#ion:a.n..ttainin .a�nd.tectnolo ::�eec�s ; 4n...........::::.:.:..:.::.:::::.:::::f�:::::• .::...:::::::.::::::::::::::............,,..::,:::.:::.::.::::::.. :«,.:»>-:<::;::><»<>::;::;:::>::;;:;;>::»><::»;:»:. . . h::1~:. ..: sf f iorfda t#te:s#atewrde :t bfc/> ote:::r tonal:�m ort.:su#�st�utwa.::::....::........, �Vefwz�rks., ........r)#� }:.:::.:::.::::::::::.....:...... .........::..::. • NKy.�� p t�a�.� hy a:.::::.:::. :. .Y::::S'::5::::F;;:::;:;::;::<;!:';;'::i:::::;::::>::::'i:i:::::::::i::i::':ti::ii:::::'i E:• .::: ;::. :: s ;. p':' ;M{�. ;d11s:.;:.;:;:.;:.:�; �tl�dt ;::�AC��LfiCE .f.:;.::.;:;.;:.>:<.:.:.>;:.::.>:<.::>:.:;.;:,.::.>:.:::::.>:;:<:<;.>:.:<.:::,;..<..:�:;::>:::>:<• ...�.Ci.�it�..:... �:7iPf 4a�'V��[i .:,,��,.:��Y��'r. 13� lit#7��.v.�.....................:.: : : }�:::::::.:.......................... ..::. :::.. ::�>:::<< ::: . .� _ . :. ............:...............::.....:.:.....:...::::i3:eve... ;a�ared::a . .il�ci:tecl'1�t?1.::. :.:::::...:..................,............. :�l#tii�#e�...................:.::::::::::::::::::::::.::......................................,:.,:.:::,��:::::,:...:...:.............��..................................:.....:: « ...... AndittniversitiK.Rackprogramen::::.;:::.;: 4ti ... .. ...:...tiofl efld ttatlkt: . rstfls: ................................. ...... ............... .....................:.:.:: F?�.:::.�::::.,:::::.::::::::::pig...:::::::::.::.:�..:::.:........:...........................,...:...:...::::,.:::::::::.::.:::.. ....................................:.::.:::::,::>::::::::::::...:..:.,:..:. .............,........:... c e to smafl:::i inessei >r ><>.:::,:-.:;.:;. . ;.::.,::::::.;Techr�u�lEEand::b�€ss; .ar�nln .... :.,.::f :.:.:................................................:::::.:::::::::.:..:.:......:...................................................:..,.:.,..::::.:::::::.,:..:: :i:\::,n.................n.n...............................n..................................................x.......nv.........v..n n....................v........:.......................................n nv............. }::;::::%�:;;.;;;;j:;i:::::?:::?:::;:::�<::::;;•..;.;:.::::;;:;::;::::::::::;%;;<:'+.2:::;::;:;::;::::;:::: :::;::%::i;:;:::;:;::.::::::::%;!;;:::::y:;;:;:::::::::::;::;:t:>::;:;::::::;: ::;;;t::;;i;%::::?:::;' :;:::::;.`isi:;<:::`<;::::5::::?:i:::iv:ii%::::Ri:::�:�:<:ii::vv>is:v�::2:i`i:'.s<:i:tiivv?::?i:::. L ^iY..............:....:.:...:::�.�.ii:::}::iiii::;::.............::;'ri?iiii:}:ii::. .: .. .: ➢I ...T1� . ::>A>ea : f€br.. .... .:... ........................... ............ :........ . �:::><�<::#�r«v�cl�es:::aeGess:.to:.riatai>ases::orx:.saur:.cis::c�...... ..........:...............................:.......:. ..::::..:....:.......................... ..........................:.....:..,.:.,.:::.,::::: .:::::::::::::..::::.:........ ... .. ..:... Business Development Board Role As the county's official economic development agency,the Business Development Board will act as the network broker for Enterprise Palm Beach County and eventually provide access to a regional computer network. The Board will establish the public/private partnership needed and coordinate the leadership required to ensure a successful strategy implementation. The payoff will be higher-quality jobs, the growth of new enterprises, and a stronger community with higher quality of life for all. • Palm Beach County is positioned to become a leader in Florida to implement this network approach to economic development. It is appropriate for the changing environment in Palm Beach County,and it can become the prototype for the statewide Enterprise Florida initiative. For the first time ever, a public/private partnership at the state level will design and implement strategies for supporting industry clusters through technology,training,and capital initiatives. Palm Beach County will lead the state in this new direction and benefit from the state's new commitment in these areas. Enterprise , . - • ` Enterprise Local �� N®$wrork Local Chamber Business Government V Ualsons Develo ment Board Ualsons / Brokers. Maintains f ii „ Computer Network i a- • Capital r T 0 P n Network/ w 0 0 ............. _ rt1 0 Establishing the Enterprise Network Requires Strong Community Leadership The key to establishing an enterprise network that supports cluster-based economic development in Palm Beach County is community leadership. A broad-based leadership effort is required to articulate a new vision of the county's economy that focuses on creating high-quality jobs, stimulating enterprise development, and creating ladders of opportunity for everyone. A broad range of leaders needs to be involved: Businesses must take the lead In working together to promote cluster strategies and participating In the enterprise network. County and city governments must support the enterprise network and streamline regulatory processes. Local chambers should participate In the enterprise network and support clusters that are critical to the economic health of their areas. Universities, community colleges, and other schools should provide training resources (as part of the enterprise network) and support cluster development. The financial community should become actively involved In the capital network and work with local enterprise to find new solutions to financing needs. In this report, SRI presents its analysis of Palm Beach County's changing economy and an integrated approach to creating an enterprise network that will enhance the economic well-being and quality of life for residents and businesses alike. This detailed and critical look at the key economic issues of Palm Beach County is the product.of nine months of interviews, economic analysis, workshops, and focus groups that have involved hundreds of people from business, government, education, and community organizations from every corner of the county. The challenges now facing the county do not have to be taken in a negative light if their identification can promote realistic and constructive discussion among the county's stakeholders whose cooperation is essential for creating a value-adding economy. Now is the time for the leadership of Palm Beach County to join together around a common vision of increasing the number of high-quality jobs and improving the county's quality of life for a greater proportion of residents. . The county's economy is at a critical juncture, and the future is in the hands of today's leaders. Business Development Board of Palm Beach County,Inc. 1555 Palm Beach Lakes Blvd.,Suite 155 Bulk Rate West Palm Beach,FL 33401 U.S.Postage (407)684-2401 Paid • West Palm Beach, Florida Permit No.864