Broward County - 5-Year Workplan
Broward County Commission

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Goal 4 • Economic Development

Clearly identify industry and economic targets that are most promising to our stakeholders and in context with our goals.

Market Measures

Number of New Economic Development Value-added Jobs
Value of New Capital Investment Made in Broward County


Action Performance Measure Baseline Target Date Third Qtr FY 2006   Projected Cost
Objective 1: Increase the number of economic development value-added jobs in targeted industries by 5%.

Complete petroleum facilities study to maximize use of Port Everglades by private facility operators.

% of Study Completed

0

100%

12/30/05

100%

Resources Allocated

Develop a strategy to increase year-round
market for mid-week cruise calls at Port Everglades.

% of Strategy Completed

0

100%

9/30/06

100%

Resources Allocated

Conduct economic trends and impact analysis for Marine Industry Association of South Florida (MIASF) to identify businesses for retention and growth.

% of Analysis Completed

0

100%

9/30/06

10%

Resources Allocated

VisionBroward logo
Complete a new targeted industries study for
Broward County.

% of Study Completed

0

100%

6/30/07

60%

$250,000

Provide education and training to Broward County companies seeking to become involved in international trade.

# of Companies Participating
in Export and Import Workshops

4

8 (Cumulative)

9/30/07

4

Resources Allocated

Conduct baseline market analyses for commercial/industrial development projects.

# of Market Analyses Completed

4

8

9/30/07

4

Resources Allocated

Seek funding and
resources for agencies that provide support to small and emerging businesses.

# of Agencies Assisted

0

3

9/30/07

2

Resources Allocated

Facilitate financing of commercial/industrial development projects.

# of Projects Assisted in Obtaining Financing

3

9

9/30/08

3

Resources Allocated

VisionBroward logo
Complete a feasibility and infrastructure study for an International Trade Center (ITC) in Broward County.

% of Study Completed

0

100%

9/30/08

50%

TBD

Attract new capital investment by targeted businesses.

Amount of Capital Investment
by Targeted Businesses Relocating to and Expanding in County

$78,000,000

$427,000,000 (Cumulative)

9/30/10

$74m

Resources Allocated

Create new value-added jobs in targeted industries (jobs at 115% of County's average wages).

# of New Value-Added Economic Development Jobs Created Through County Assistance

1,906

10,007 (Cumulative)

9/30/10

1,158

Resources Allocated

Assist targeted industry businesses in expanding in Broward County.

# of Businesses Provided Business Retention and Expansion Services

250

1,250 (Cumulative)

9/30/10

353

Resources Allocated

Retain targeted industry
employment for Broward County residents.

# of Targeted Industry Jobs Retained

3,095

15,000 (Cumulative)

9/30/10

2,948

Resources Allocated

Recruit new businesses in targeted industries.

# of Companies
Relocated to County

4

20

9/30/10

17

Resources Allocated

Objective 2: Enhance the ability of small business to access business opportunities with Broward County.

Develop and implement the
Small Business Development online bid-matching and technical assistance system.

% of System
Implemented

0

100%

6/1/07

10%

Resources Allocated

Develop an online Small Business Assistance Center.

% of Center
Implemented

0

100%

6/1/07

10%

Resources Allocated

[View Goal 5] [Back to Top]

This Broward County Commission goal is consistent with the Vision BROWARD Action Strategy. For additional information on this Commission goal, call the Economic Development Goal Team at 954-357-6155.