ECONOMIC DEVELOPMENTCity of Deerfield Beach

ECONOMIC DEVELOPMENT

• Business Attraction, Retention and Expansion• 364 new companies• 13 companies visited• 109 companies assisted

FY19 ACHIEVEMENTS

ECONOMIC DEVELOPMENT

• Talent Attraction • Qualified Targeted Industries

• DNA Labs• Tellus

• LaunchCode• Career Source Broward• Deerfield Beach Career and Resource Fair• Hire DFB• Ready 2 Work Soft Skills Training

FY19 ACHIEVEMENTS

ECONOMIC DEVELOPMENT

• Business Outreach Events• State of the City• Commercial Brokers’ Breakfast• Quarterly Business Roundtables• Referrals to Partner Events• Trade Shows – ICSC, SUP-X, Mayors’ Realtor Breakfast, Broward

County Small Business Expo, Florida International Trade and Cultural Expo (FITCE)

FY19 ACHIEVEMENTS

ECONOMIC DEVELOPMENT

• Business Assistance• 109 Businesses assisted Year to Date• Platinum Permitting• Social Media Marketing• Start Up Coaching

FY19 ACHIEVEMENTS

ECONOMIC DEVELOPMENT

•Marketing• Social Media Campaigns – Facebook, Twitter, LinkedIn• Retail Attraction – Trade Shows• Database of Prospects• Property Catalogue of Real Estate Opportunities• Developer/Investor Meetings

FY19 ACHIEVEMENTS

ECONOMIC DEVELOPMENT

• Expanded Regional Marketing and Partnerships• Greater Fort Lauderdale Alliance • International Council of Shopping Centers• Certified Commercial Investment Marketers• South Florida Manufacturers Association• South Florida Technology Association• South Florida Realtors’ Association• Fort Lauderdale Executive Airport• Broward County Convention and Visitors’ Bureau• Urban Land Institute• National Association of Industrial and Office Parks• Broward County• Deerfield Beach Economic Development Council• Deerfield Beach Chamber of Commerce

FY19 ACHIEVEMENTS

ECONOMIC DEVELOPMENTFY19 ACHIEVEMENTS

In 2019 Deerfield Beach ranked # 15 among the

Best Small Cities to Start a Business in

the USSource: WalletHub

ECONOMIC DEVELOPMENT

• New Businesses• Special District Investment – Pioneer Grove, Dixie Highway,

Four Corners• Employment Growth in Targeted Industries• Increase in Per Capita Income• Access to Opportunities for Deerfield Beach Residents• Small Business Assistance – Entrepreneurship, Advanced

Industry Spin-off

FY20 GOALS

ECONOMIC DEVELOPMENT

FY19Budget

FY20Recommendation

$ Change % Change

Personal Services $178,615 $193,988 $15,373 8.6%Operating Expenditures $183,650 $208,194 $24,544 13.3%Capital Outlay $0 $0 $0 0.0%Total $362,265 $402,182 $39,917 11.0%

OPERATING BUDGET

ECONOMIC DEVELOPMENT

• National Economic Adjustments

FUTURE CONSIDERATIONS BEYOND FY20

ECONOMIC DEVELOPMENT

• Catalytic Project Funding• Pioneer Grove, Dixie Highway, and Four Corners

• Economic Development = Redevelopment•Online Retail Replacing Bricks and Mortar Stores• Legislative Mandates• Assessing Innovative Businesses

FUTURE CONSIDERATIONS BEYOND FY20

QUESTIONS?