Office of Economic and Small Business Development. Sandy-Michael McDonald, Director. June 26, 2017

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1 Office of Economic and Small Business Development Sandy-Michael McDonald, Director June 26,

2 OESBD Directly Supports the County Commission s Values Ensuring economic opportunities for Broward s diverse population and businesses Prominently marketing Broward County as a brand, while increasing public understanding of programs and services Cultivating community culture, arts, recreation and life-long learning Consistently delivering responsive, efficient, quality services to the public and internal customers

3 About OESBD Economic Development & International Trade Small Business Development Community Relations & Outreach 3

4 What s So Important About Tourism? Broward County s Jan-Dec 2016 Annual Average Hotel Daily Rate: $ (+2.8% over 2015) Average visitor length of stay 3.95 nights Average expenditures $142 (per person per day) Total Passenger Traffic at FLL for 2016 was 29.2 million (+8.4% over 2015) Domestic traffic was 23.2 million (+8%) International traffic was 6.1 million (+10%) 2016 marked FLL s 3 rd consecutive year of double digit int l growth Florida s tourism industry creates 1.4 million jobs Source: Greater Fort Lauderdale CVBuzz February 2017; Greater Fort Lauderdale CVB Hello Sunny 2017 Marketing Plan 4

5 Convention Center Expansion and Hotel 115,000 new overnight stays $100 million in annual spending 721 permanent full-time jobs $96 million in future annual state tax revenues Development footprint slated to expand Broward.org/CCExpansion 4

6 Broward County s FLL International Airport FLL ranked as the 21 st busiest airport in the U.S. with 26, 954,511 total passengers, 15 th in international passengers and 13 th in domestic Origin and Destination traffic. May was the 26 th consecutive month of growth in total passenger traffic. From 2000 to 2015, FLL was the 2 nd fastest growing large hub airport in the U.S. International traffic has tripled in the last 10 years. 5

7 Broward County s FLL International Airport To meet the growing demand, FLL is in the midst of a $2.3 Billion Capital Improvement Program Needed to reduce delay, increase capacity and increase safety (South Runway completed Sept 2014). Expansion and modernization of terminals in progress. Expansion of Federal Inspection Station (FIS) facilities and increased capacity in Terminal 4. Need for additional gates (at completion of current Capital Improvement Program total gates at FLL will increase from 57 to 66. 6

8 Economic Impact Employment Broward County s FLL International Airport - 12,500 on-airport, badged employees - 139,920 total jobs (direct, indirect, induced/multiplier effect) Annual Economic Impact - Total payroll $3.9 Billion in wages - Total annual economic impact of $13.2 Billion 7

9 Broward County s Port Everglades is among the top ports in the State, Nation and World #1 seaport in Florida by revenue - $153 Million #1 container port in Florida by volume over 1 Million TEUs (1,060,507) #1 refrigerated cargo port in Florida 117,645 TEUs #1 seaport for exports in Florida - $13.7 Billion #1 U.S. gateway for trade with Latin America 15 percent of all U.S./Latin American trade moves thru Port Everglades #2 petroleum port in Florida Million barrels Among the top 3 cruise ports in the world 3.7 Million passengers 8

10 Broward County s Port Everglades Record-breaking year for cargo 1 Million-plus TEUs Broke world record twice in one cruise season for embark/debark passengers in a single day 53,485 passengers on December 20, ,855 passengers on March 13, 2016 Port supports 13,322 direct local jobs Supports $30 billion in total economic activity Diverse revenue stream cargo, cruise, petroleum, real estate leases, parking Operations are supported by user fees; no local taxpayer dollars 9

11 What s So Important About Small Business? 90% of local firms are small County s Local Program is an economic development tool used to: Increase small business participation in County procurement Keeps tax payers dollars in the local economy Employ local residents Commission has implemented the County s Small Business Development Programs (Local Programs) 11

12 FY16 Partial Year Spend Total purchases* $527 Million Purchases to Florida businesses $431 Million (82%) Purchases to Broward County businesses $164 Million (31%) Total purchases using existing contracts $270 Million (51%) * Time period covered: 10/1/2015 to 03/28/

13 Total/CBE $ on County Contracts $484.0M/$122.4M FLL Terminal Modernization Projects 12

14 Total/CBE $ on County Contracts $211.4M/$65.7M Broward County Courthouse 13

15 Local Vendor Preference: City of Miramar The city grants a preference in the amount of five percent (5%) of a bid or five (5) points of a proposal score to local businesses on most bids or proposals for commodities and services. Also grants five percent (5%) of a bid or five (5) points of a proposal score to Broward County certified disadvantaged businesses on most bids or proposals for commodities and services. 14

16 Local Vendor Preference: City of Deerfield Beach Local vendors within 5% of a non-local low bid -- or within 5% of the best score in an evaluation scenario would be provided with privileged opportunities to be awarded the businesses instead of the non-local vendor. For all other competitive solicitations, if the ranking of a local proposer is within five percent (5%) of the ranking obtained by the non-local proposer, the highest ranked local proposer has an equal opportunity to proceed to negotiations with the city as the highest ranked proposer. 15

17 OFFICE OF ECONOMIC AND SMALL BUSINESS DEVELOPMENT 115 S. Andrews Avenue, Room A-680 Fort Lauderdale, FL Phone: Broward.org/EconDev 16