City of North Port Economic Development

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City of North Port Economic Development

  1. 1. 2012 Lunch and LearnKnow Your Government: economic development Danny Schult Assistant City Manager Allan Lane Economic Development Manager
  2. 2. 2012 Lunch and LearnKnow Your Government: economic development What is economic development? Improving the quality of life by creating a healthy economy. What does government do to achieve economic development? Government’s role is that of nurturer, promoter, facilitator.
  3. 3. 2012 Lunch and LearnKnow Your Government: economic development How does government nurture economic development?  Create the environment for business & development opportunity to happen  Have regulations that are perceived as business- friendly  Invest in public infrastructure  Service & support after the sale
  4. 4. 2012 Lunch and LearnKnow Your Government: economic developmentHow does government promote economicdevelopment? Promote assets and amenities that are important to business and development prospects Market to desired industry sectors and targeted geographies Support local, regional & state economic development efforts Develop relationships with public & private sector entities
  5. 5. 2012 Lunch and LearnKnow Your Government: economic developmentHow does government facilitate economicdevelopment? Create policies & programs that benefit business and development activity Encourage collaboration & partnerships Remove barriers that prohibit economic growth & expansion Participate in opportunities to recruit, retain or expand business enterprises or attract development projects
  6. 6. 2012 Lunch and LearnKnow Your Government: economic development How does the Economic Development Division go about attracting businesses & development to North Port?  Market to the City’s target industries  Follow up on leads from all sources  Attend conferences & trade shows  Visit with local businesses & developers  Network with business, government, civic and community leaders
  7. 7. 2012 Lunch and LearnKnow Your Government: economic developmentWhat is involved in bringing a prospect to NorthPort? Initial contact and/or follow up meeting Discussion of prospect’s business plans, resources, needs & timetable Initial assessment of prospect by the ED Division Request for confidentiality agreement Discussion with City Manager Request & review financial and other documents
  8. 8. 2012 Lunch and LearnKnow Your Government: economic developmentWhat is involved in bringing a prospect to NorthPort? Prospect requests economic development assistance Economic impact analysis performed to determine City’s return on investment City Commission informed of potential project and any economic development assistance to be provided Economic Development Agreement prepared by City Attorney’s Office
  9. 9. 2012 Lunch and LearnKnow Your Government: economic developmentWhat is involved in bringing a prospect to NorthPort? City Manager determines date for City Commission agenda City Commission considers approval of the project If approved by City Commission, project moves forward based upon terms of the Economic Development Agreement
  10. 10. 2012 Lunch and LearnKnow Your Government: economic developmentWhat other types of activities does the EDDivision engage in on a day-to-day basis? Emails, phone calls, meetings, paperwork Meetings w/prospects and wannabe prospects Review of prospect information, plans, studies, City policies & procedures, etc., etc., etc. Daily interaction with a variety of City departments and divisions Attend meetings, events & marketing opportunities 8 to 5 and after 5, in and outside of North Port
  11. 11. 2012 Lunch and LearnKnow Your Government: economic developmentWhat other types of activities does the EDDivision engage in on a day-to-day basis? Coordination with vendors, consultants, etc. Tracking down leads; working closely with property owners & developers involved with specific projects Cultivating individual, organizational and community relationships Conduct research and gather information on trends and best practices
  12. 12. 2012 Lunch and LearnKnow Your Government: economic developmentWhat is the role of the private sector ineconomic development?The role of the private sector is that of job creator,investor & profit-maker. If they do all of thesethings well, they will be playing their role at thehighest level
  13. 13. 2012 Lunch and LearnKnow Your Government: economic development What does the Economic Development Division need to be more effective?  More money  More staff  More leads

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