Ocala economic development overview
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Transcript of Ocala economic development overview
Economic Development Overview
City of Ocala, Revitalization Strategies Department
Lake County CommissionTavares, Florida
February 28, 2012
Page 2
Introduction:
Economic Development within Ocala-Marion County is provided in partnership between the City of Ocala, the EDC, and the County.
The Department is responsible for coordinating the City’s participation in the partnership.
The Department coordinates citywide economic development activities in accord with the City’s Economic Development Plan and facilitates investment decisions through the Economic Investment Program. .
The Department also facilitates airport non-aviation development, the enterprise zone, community redevelopment area(s), and downtown redevelopment.
Revitalization Strategies Department:
Page 3
Our Goal: Economic Sustainability
Step 1Step 1 Step 2Step 2 Step 3Step 3 Step 4Step 4 Step 5Step 5
How is Economic Sustainability Approached?
Sustainable Strategies Business Diversification Infrastructure Investment Education and Training Competitive Utility - Tax Rates Other
Strategic Locations Community Redevelopment Area Brownsfield Area Enterprise Zone Business Park Development Other
Manufacturing Distribution Wholesale - Commercial Professional Office
Target Industries
EIP Façade Grants Electric Tax Exemption Expedited Permitting Other
Action Plan
Toolbox
Immediate, Intermediate, and Long-Term Projects
Adopted City Plan and County Element supporting:
1 3
2 4
5
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Our Goal: Economic Sustainability
How is Economic Sustainability Achieved?
Step 6Step 6PartnershipPartnership
Ocala-Marion EDC Chamber of Commerce Heart of Florida Enterprise Florida Office of Tourism, Trade, and
Economic Development CLM Workforce Connection
Developers Businesses Property Owners Financial Institutions Consultants/Brokers
JobsJobs
Citizens City Council City Management Revitalization Strategies
Citizens County Commission County Administration Office of Economic and Small
Business Development
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Community Redevelopment
Where’s Ocala’s CRA?
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Current Projects
Beck Phase 1 Feasibility Analysis Study
Four level, 400 spaces
Approximate Cost:
Phase 1 $130,000
Phase 2 $500,000
Phase 3 $7,500,000
Downtown Parking Garage:
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Current Projects
Parking Garage Continued:
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Current Projects
White-Challis agreement 2-1-11
Two blocks, four phases
Approximate Cost:
Wright $2,024,000
Millworks $1,760,000
H&L Co. $3,040,000
F&B $3,336,000
Downtown Redevelopment:
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Current Projects
Redevelopment Continued:
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Do You Have Any Questions?