a place where spending time at work isn’t work at all. the pensacola bay area
DESCRIPTION
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 BaseTRANSCRIPT
A place wherespending time at workisn’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