The Office of Economic Vitality had a year of major achievements
Since its inception in 2016, the Office of Economic Vitality has been instrumental in supporting the local business community and working with partners to advance the growth and sustainability of the local economy. The Economic Vitality Leadership Council supports OEV’s efforts, and I have been honored to assume the presidency. This committee is essential to provide clarity, context and experience for private and public leaders to help guide and inform OEV’s work.
Advised by EVLC and led by Blueprint’s board of directors, made up of city and county commissioners, OEV is our community’s key economic development organization. Since day one, OEV has worked tirelessly for our community, achieving over 80% of its first strategic long-term economic development plan in 2016.
The results of this plan are significant, OEV helping more than 3,400 businesses, generating more than 15 business leads, preserving more than 19,000 jobs, creating more than 4,500 new jobs and generating more than $ 623 million in economic benefits. for the local economy over the past five years. .
While we recognize that sales tax dollars for economic development are limited, these board decisions have activated and invested in the economic vitality and growth of our community, from magnetism to economic inclusion and sports tourism. As a result, we are not only able to see the agreement of the importance of these investments, but the accomplishment, directly leading many dynamic and award-winning efforts.
Here are some of the highlights of the major accomplishments of the past year, including:
- Announcement of two expansions: Danfoss and Amazon’s robotic fulfillment center, the largest corporate recruiting project to date. Together, they are expected to create more than 1,200 jobs and more than $ 590 million in economic benefits.
- Promotion of the magnetic capital of the world, leading to five agreements for innovative research and development.
- Certified over 300 minority and female companies with 1,900 employees.
- Big Bend Manufacturers Association launched to serve area manufacturers in 10 counties.
- Creation and execution of the Leon CARES Small Business Assistance program to distribute $ 18.3 million to 932 businesses employing over 6,200 people.
- Investment of $ 11 million in sports tourism for sports facilities at Florida A&M University and Tallahassee Community College, with an estimated economic impact of more than $ 13.8 million.
- Dedicated $ 2.5 million to a new incubator at Innovation Park to support innovation and entrepreneurship, with an estimated economic impact of $ 20 million and the creation of more than 600 jobs.
Even after all these investments to move our economy forward, OEV is ready for the opportunities of tomorrow. Looking to the future, OEV will continue to position itself as a regional leader and adapt to the new economic landscape by updating its Strategic Plan 2022-2027. OEV is focused on creating a community that encourages economic growth by supporting business recruitment efforts to support a resilient and inclusive economy in the Capital Region.
I applaud the efforts of the Office of Economic Vitality and thank the Greater Tallahassee Chamber, Big Bend Minority Chamber and Capital City Chamber and other key partners as we look forward to the work they will do to bring greater economic growth, diversity and vitality in Tallahassee. County of Leon.
To learn more about the accomplishments of the Office of Economic Vitality, visit OEV website to consult the 2021 annual report.
A former IBM executive who spent more than 30 years in Tallahassee, Steve Evans is the former president of Tallahassee Memorial HealthCare and chair of the Tallahassee-Leon County Office of Economic Vitality Economic Vitality Leadership Council. He has been a mentor to hundreds of others and an advisor to many more.
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