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SUMMARY OF F.A.C. <br />2015 LEGISLATIVE POLICY CONFERENCE <br />ECONOMIC DEVELOPMENT BEST PRACTICES PANEL <br />Panel discussion with representatives from 4 areas, Palm Beach County <br />Economic Development Council (EDC), Florida West EDC, Suwanee County <br />EDC and Seminole County EDC. <br />Funding: <br />Florida West - $1.1 million annual budget, 80% public funds, 20% private <br />Palm Beach - $3.4 million annual budget, 40% county, 60% private, staff of 17 <br />Suwanee County - $170,000 annual budget, department of 1 <br />Seminole — Private sector approached county with an ED plan, county funded at $1 <br />million <br />Operational Priority: <br />Palm Beach —targeted industry list, 6-7 key industries (short list based upon a <br />positioning type of evaluation, similar to what IR County is completing)„ <br />looked at wealth within the county and focused on CEO's with no business <br />presence in county — highlighted lack of state income tax. <br />Suwanee County - focused on policy and priority list, looked at land uses; <br />warehouse, distribution, music (Suwanee River Music Park), agri business. <br />Florida West - Big call center operation for Navy Credit Union, used land owned <br />by the county, "any job is a good job' philosophy, offshore oil and gas <br />industry (support, service, repair, etc) growing. <br />Seminole - Site consultants focused on the capital investments by the county <br />within the community. <br />Challenges: <br />Palm Beach - Consultants looking for shovel ready sites. Also CEO's asked many <br />questions about education; wanted to know SAT, ACT scores, what degrees <br />257 <br />