Target Industry Briefing

1
Target Industry Briefing Stimulating the Economy
with Transportation October 17, 2008
2
Economic Development 101

• Traded Industries (Primary Industries, Basic
  Industries)
• Target Industries

3
Economic Development 101

• Balanced Economic Development Strategy
• Product Development
• Retention Expansion of Existing Business
• Attraction
• New Business Development (Entrepreneurship)

4
SRI Target Industry Analysis

• Analyzed 25 business clusters
• Density or concentration in Northwest Florida
• National and global growth projections
• Wage structure
• Synergies with
• Floridas tax and business climate
• Northwest Floridas physical and human
  infrastructure
• Northwest Floridas existing business structure
• Role in regional economic development
• Role in a sustainable diversified regional
  economy

5
The SRI team conducted analysis of industry
cluster data and trends across three sub-regions
in Northwest Florida
Central Sub-Region
Eastern Sub-Region
Western Sub-Region
6
Target Cluster Recommendations

• 4 criteria for further industry analysis

High Growth
The cluster experienced gt2 employment growth in
Northwest Florida from 2003-2005.
High Wages
The clusters U.S. average annual pay is
gt35,000, which is over 10 higher than the
prevailing Northwest Florida region average
annual pay (just under 31,000).
Role In Regional Development
The cluster is extremely significant for a single
sub-region, or is significant across all three
Northwest Florida sub-regions.
Synergies And Linkages
The cluster has significant interrelationships
with other potential target clusters in Northwest
Florida.
7
Target Cluster RecommendationsSRI Report 2

• Conclusion 4 clusters recommended
• Aviation, Aerospace, Defense, National Security
• Health Sciences Human Performance Enhancement
• Renewable Energy and Environment
• Transportation Logistics

8
Target Cluster RecommendationsSRI Report 2

• Conclusion 2 additional clusters identified as
  strategic support clusters
• Information Technology Services
• Research Engineering Services

9
U.S. Average Annual Wage 38,916
Northwest Florida Average Annual Wage 30,964
10
(No Transcript)
11
Strategic Support Clusters
12
Northwest Florida Engineering IT Clusters
13
Typical Engineering Firm
Ave size in Northwest Florida 15 employees
14
Typical IT, Systems Integration, Network
Solutions Telecommunications Firm
Ave size in Northwest Florida 13 employees
15
Strategic Support Clusters

• Information Technology Services
• Programming, Systems Design, Data Services
• Software Development
• Internet Services

16
Strategic Support Clusters

• Research Engineering
• Engineering, Testing Architecture
• Specialized Consultant Research

17
Aviation, Aerospace, Defense National Security
Cluster
18
High-Opportunity Sub-sectors for Northwest
Floridas Aerospace and Defense Cluster

• Unmanned Systems
• Engineering, Testing, Research and Development,
  and Industrial Design
• Avionics
• Composite Materials
• Consulting Services
• Air Cargo and Distribution
• Maintenance, Repair and Overhaul
• Air Transportation and Support Activities
• Flight Training
• Aircraft Assembly (Very Light, Light, and
  Regional Jets)

19
High-Opportunity Sub-sectors for Northwest
Floridas Aerospace and Defense Cluster

• Unmanned Systems
• Avionics
• Sensors
• Autonomous Systems
• Unmanned aerial, ground, surface, and underwater
  vehicles and their control and operating systems
• Mini Micro Unmanned Aerial Vehicles
• Service, Support, Training

20
Health Sciences and Human Performance Enhancement
21
High-Opportunity Sub-sectors for Northwest
Floridas Health Sciences Cluster

• Medical Devices
• Health IT
• Wellness and Human Performance Enhancement
• Clinical Testing and Research

22
Renewable Energy and Environment
23
High-Opportunity Sub-sectors for Northwest
Floridas Renewable Energy Environment Cluster

• Power Generation Technology
• Fuel Production, Distribution, Supply Chain
  Activities
• Environmental Research Management
• Recycling Waste Remediation

24
Transportation Logistics
25
Transportation Logistics Industry-Wide Drivers

• Visibility Traceability
• Supply Chain Collaboration Integration
• Supply Chain Diversification
• Security
• Fuel Prices

26
High-Opportunity Sub-sectors for Northwest
Floridas Transportation Logistics Cluster

• Ground Freight Transportation
• Air Freight Transportation
• Logistics Warehousing
• Water Transportation
• Rail Transportation

27
(No Transcript)