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
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A place wherespending time at workisn’t work at all.
The Pensacola Bay Area
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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
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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
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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
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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