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2023-11-07 VIII. B. OCEDC Update, Exhibit 14, Presentation w z �t f 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 e��°._ S�y`o • Private Investors (5) X ::j . 7. ,.i OKE[CH00EE COUNTY SCHOOL DISTRICT WR! POLE _ • Indian River State College In-Kind Investor4 `:t x',,,`��' °""'p ECONOMIC W� COUNCIL o h JRE EC Hi.IgLE= %:,{ CrOCcm> FPS 199+ Who We Are • ` ":'' IIIIII -- , • Mil; - 7 •- lk• ,kg ' g ' • .. ta.. t.•-••eg• ., • ... . , ... k -y* • -.. .•.. ..• •• , ‘• , •.. , i •. ' . ,..:',..'• •i . .-I'd' 4. A rk• ._ • •. , . •-• .•et- , 7,' ',.:::4' ; :'-.4.-Vo,414, .. '':'q''';! _. . 40 ' 9' ' :' •. ' fic . -, •27.'' ' "k* ."<4„1;, —---, 1 . ',. ''',--:A. m"‘ Itt->.=-.V ''!'•'ii",-*/;. ilft.41,t''. "V. r4.141' ' • '•1.t.'1,,' . '''$s ,J,'; ) • g.. . .-, gg:'•' . ,- t I;;,•• •• ' • --'.?g-•••-•i-- •-4,14, ,- , - oak i -.., • I . , .•...„ . ,,, . : , k , ), T r 4 i; ---.',.- , '•.,... ••• A '' •":.,• Ili, .111.,..•• ilif47 $14... . 1".•Ae I' . ... .. ft - • 1111 a.. .k i ' IF :.:*•:.-i•- ' 'frl.'.ith dre:. . .i. ,- .1 ... .... .. . .,, t.-..x.., 4''• , -' ' 111 i I .r ,k.... t ,„1 -1,, , 4 ' •iv. . Plit# . . "1 .1 .' . , o.,. • 4.• ... . •:. . ' .., 1 - - Nii-•f''''•1,-. Or.- +4:1')!i.f.ii.'' .',,, . yi, • .....;fx l'.- —04,i6::,. . ,, ..4.3ie-wif,',0;,,i:, •._. .,- - 0., ....., ...0. . , ... . . . ,..... - -•"':VIN'`, 14 -4,• ..41-'e:...i. •:'....a-414; (r),, OCEDC Representation ( i . _ 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 11 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 t 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 i ��1• -' - '� ► v ,,� �, • y rip. .. . i 61 lit-.7_,% ,ir ,11. _ , g J. s. 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