2023-11-07 VIII. B. OCEDC Update, Exhibit 14, Presentation w
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OKEECHOBEE COUNTY
Economic Development Corporation
• OCEDC Update
Presentation for the City of Okeechobee
Quarter 3 2023
Mission Statement:
The Okeechobee County Economic
Development Corporation works
collaboratively with public and private
partners to promote and nurture existing
businesses, create an environment for new
4N111610 / business development and recruitment, and
increase job opportunities in Okeechobee
OKEECHOBEE COUNTY County.
Economic Development Corporation
PURPOSE:
To enhance and cause quality economic
growth of the Okeechobee County
Economy.
Who Are We? 4 SeacoastBank
A:4'\ City
Okeechobee
• Public / Private 501(c) (6)corporation 41.0" FLORIDA•f 1915
• Okeechobee County Economic Development Corporation Board of
Directors: I1S
c
Board of CountyCommissioners appointment -arbejt r"�
• Family of
Companies INDIAN RIVER
• City Council appointment
STATE COLLEGE
• Indian River State College appointment
Chamber of Commerce
• Okeechobee County School District appointment ,�__'',1`r of Uieectiohee Coun
• Economic Council of Okeechobee County appointments (3)
• Chamber of Commerce appointment _ SouthStite
• Florida Power and Light appointment '
• Okeechobee Utility Authority appointment
.`EErcaur'p�., 777
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• Private Investors (5) X ::j .
7. ,.i OKE[CH00EE COUNTY SCHOOL DISTRICT WR! POLE _
• Indian River State College In-Kind Investor4 `:t x',,,`��'
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W� COUNCIL
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Who We Are
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OCEDC Representation ( i
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SEPYiND 1.Eu[N.MAR1Ix.IxDAx RIPER AND DS[ECNDBEE CDUNiIE1
STATE TREASURE COAST
•• WonderFL - State/FPL Talent Attraction Campaign BUSINESS
M A G A Z 1 HIDE
• FPL - Florida First Sites Program
1, .• .. - -.
Me �YaP
1+ ."Sal i<''.YYi `Ba
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REGION /4 ANIINk
• Central Florida Regional Planning Council >w
• Florida Heartland Economic Region of Opportunity
A kik Ala lit'
• CareerSource Heartland Board Member, BEC committee, and Sector Strategies
• TC Makers Planning Committee \ '"1 I I
16 BUSINESS LEADERS YOU SHOULD KNOW ABOUT
LOCAL - "
• Board of County Commissioners - LTPT,AHAC, Entryway Enhancement Project EIEE,E,,,, 9:A
•• City of Okeechobee - CPTA Study, Beautification Project • •• SgoC
Mr ,ems
EDUCATION AND WORKFORCE DEVELOPMENT 7. \\
• School District - TOY, CTE Advisory Board, CLNA, ORS Camp 1/ ' \ ,
with
• Okeechobee Education Foundation Board Member County MIMIC Devetopmenteechonee Capoation
• Boys School Location - Indian River State College < 14 m ►I IP
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What's Happened In 2023
Q3
(40,
C)KEFCH()BEF COUNTY
r I; Corpcx,_
What's Happened This Quarter (Q3) ( n
• • Completed Florida First Sites Program
• Facilitating new 600+ acre private industrial park, and 1
new manufacturing business expansion
• Hosting CFRPC Community Asset Tour
• Supported CFRPC Market and Lodging Study
• Facilitating Corridor Redevelopment Program - Retail
Strategies
• CareerSource Heartland Board of Director Seat
• • Supporting WonderFL State Recruitment Initiative
• Welcomed new Director of Existing Industry
• Launched new BRE Program
Activity July — October 2023 1 ,
...
•
.30 I 5
Business Meetings Speaking
g Site Visit Engagements
I 2
New Project Active Projects
Active Projects • (0.:1• Capital # of Jobs
Type Sector Status
Investment
Existing Housing 58,000,000.00 3 Active
New Aviation $200,000.00 4 Active
New Aviation 51,000,000.00 5 Active
New Indutrial 51,000,000.00 10 Active
Expansion Distribution $8,000,000.00 76 Active
Existing Industrial 55,000,000.00 2 Active
Existing Commercial 56,000,000.00 30 Active
• Existing Commercial 56,000,000.00 10 Active
Existing Commercial 53,000,000.00 10 Active
New Industrial 59,000,000.00 1 Active
Expansion Mnaufacturing 515,000,000.00 30 Active
Existing Light Industrial 51,000,000.00 3 Active
$63,200,000.00 184
What's Happened In FY
22-23
(:)KFECHOBFF COUNTY
FY 22-23 I Business Support - 29 Prospects
0
......._
• 2 COMPLETE : Lake and Trail USA and Storage, L51m
S Brightmark -obs
$23 m
• 3 ACTIVE EXPANSIONS : NexAir, Westlake, ARG . 153 'obs
$40m
• 11 NEW ACTIVE : Culvers, Choice Pro erties, NAJ 50+ .obs
Management Sin er Development, E. Ca ital ,
Biomedical , 11FI : oncrete Box, Kinghux, Bell ,
Sweet, Opportunity Fund Community
Capital
• Investment:
• 14 INACTIVE : Vernese Customs C&W Industrial , $114million
Aloma Enter rises TrussWorks ELC, Floral , Job Creation:
Tinyhomes Polo, RFI : Car Restoration , Integrated 111+
Pool , Gravity Systems, Hyacinth , RFI : Kale, -Steel .
Nexair Success Story: LLC
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rip. .. . i 61 lit-.7_,% ,ir ,11. _ ,
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nexAir Okeechobee "''` - _ -
Today • F , `;T., R;•�,72
Approximately 9 acres of lease sR-- - -}?: o "�r ib
land from Okeechobee Coun ` `, ''
6o employees • r.�rii a ,i4.1 kr T lit, 10%-ki.
wir::
Salaries of s3.6mm+ •
8 contract employees(average i �d� t. IOW 1 �� :'� �•
salary of s7Sk) w • 4 'N ... .
i,000,000 cylinders produced in °" ,; r■
• 2021,generating sales of sz7mm { �..•- •..- — w
Since ZoiS,s2.5mm in Capital w.• 4 �i �,_
Improvements
More than 2 dozen flights in and +.r'
out of Okeechobee in zo2i � ti y '
w•kite'�
41J
What's Happening In The
Future
4iii
Cob, - \
OKEECHOBEF COUNTY'
2023 -2O24FutureProjects f •
Aro
• • Business Retention and Expansion
Program and Community Tours
• Positive Community Campaign
• Site Selection Inventory - Utility Capacity
• Support OJLS and High School Club
• Career Fair 2024
o • TC Makers Workforce Campaign
• IRSC Data Campus Initiative
• Continue to support Policom Objectives OKEECNODEE
JUNIOR
LEADERS
How to Find Us
• Indian River State College I Room B141
• Kaylee King - President - kaylee@ocedcorp.com
• Alex Tijerina - Director of Existing Industry -
alex@ocedcorp.com
• Office 1863-357-2334
• Facebook & LinkedIn4"rigRIM011
• www.ocedcorp.com
Kaylee King
• PRESIDENT