1 ECONOMIC DEVELOPMENT Business Opportunities and Future Growth

2 Formation 501(c)3, 501(c)6 “Arms length” from the BCC “Arms length” from the Chamber Dedicated Funding Source Board of Directors County Commissioner appointees City of Pensacola appointee City of Century appointee Operating in the “Sunshine” Hires/Fires its Economic Development Director Economic Development Director – NOT in the “Sunshine” Approves the EDC’s operating Budget prior to BCC approval The PEDC – incorporated into the EDC as a specific development entity.

3 Structure Chairman comes from BCC appointee to Board Votes only to break a tie Flexible…Structured to anticipate “Consolidation” Board of Directors: 5 (1)appointees from each commissioner 1 appointee from Town of Century 2 appointees from City of Pensacola 1 appointee from each invested “Chair”

4 EDC – Scope of Authority To follow the economic development vision of the county’s elected representatives. To acknowledge ‘stakeholders’ of interest in the community through “Chair” participation. To insure that ALL citizens have a say in the economic development vision. To eliminate the expectation that a few invest in economic development for the many. To provide insight, consultation, and direction to the elected officials To suggest policies, direction, and incentives to prospects in consideration, WITHOUT: Compromising the cultural integrity, historical significance, travel & tourism, and the existing businesses and infrastructure To incorporate the Pensacola Escambia Development Corporation (PEDC) into its operation as a development entity.

5 Dedicated Funding Sources Electric & Gas Franchise Fee Economic Development Incentive Fund Economic Development Incentive Ordinance of October 4, 2007 EDATE Rebate Ordinance

6 Representation is Equitable Stakeholders chair separate sub-committee Each chair pays for it Gulf Power wants a chair Utilities

7 Chairs ($50K each chair) Utilities/reusable energy group Homebuilders Military Health Services Realtors Technology Wholesale Distribution Hospitality Banking/Finances

8 EDC Governance The Citizens of Escambia County Elected Officials of: The City of Pensacola, The City of Century, and Escambia County

9 EDC Task Force 30 year Vision = The Road Map Plans to implement Vision Organization Funding Mission and Operation Task Force Comprised of: City County Business Community Sunshine Issues Time Line = days May Committee of the Whole with all 5 Commissioners