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HomeMy WebLinkAboutEDCO Update 2014Update to Deschutes County Commissioners FISCAL YEAR 2013-14 April 21, 2014 EDCO - Four Pillars of Effort Recruitment Retention & Expansion Entrepre- neurship Key Projects & Business Climate Improvements Move. Start. Grow. Move. 7 Start. 41 Grow. Move. Start. Grow. In the Pipeline: Key Projects – Air Service Meetings with Alaska, United, Skywest at their HQ that helped retain existing service, added seasonal service (Denver, San Francisco) Additional discussions with American & Delta regarding new and existing services respectively Continued Airline Travel Bank® administration for American Los Angeles air service recruitment Key Projects – Local Programs With the County’s leadership and partnership, EDCO launched programs in La Pine and Sisters Part-time managers (Caprielle Foote-Lewis and Gerry Albert) getting up to speed Both are working actively on projects and initiatives Key Projects – UAS Initiative Secured $882,000 from Oregon Innovation Council for new statewide industry development org. SoarOregon, (based in Bend) is deploying grant resources to job-creation projects that will accelerate UAS growth in Oregon Pan-Pacific UAS Test Range Complex approved by FAA as one of 6 in the U.S., beat out 20 other states/regions. Key Projects – Higher Education One of many OSU partners, but sustained effort by EDCO over past 15 years to secure campus Legislative support for both campus allocation, Cascades Hall solution Assisting with siting process, entitlement support Ongoing partnership to connect business leaders with university degree development Key Performance Indicators Consolidated from 83 to 58 Reported quarterly to EDCO Board Cover both effort and results, done deals and pipeline Key Performance Indicators FY 2013-14 PROGRESS (Q1 & Q2) Key Performance Indicators Key Performance Indicators 2014 Year-to-Date Q1 Done Deals much lighter than 2013 – 2 vs. 12, but results are often “lumpy” Two dozen companies have made relocation or expansion decisions in 2014 or are executing on those decisions Quality and volume of entrepreneurs, young company trending up Enterprise Zone Activity Businesses Participating 34 Capital Investment $61.9m New Jobs 930 Bend, Greater Redmond (including Sisters), Rural Deschutes zones = $66,746 in property taxes Deschutes County ROI with EDCO Launch of new La Pine, Sisters programs Earned Media: $382,000 UAV/UAS Initiative: $882,000 - SoarOregon REOA Support (estimate): $5,000 16 done deals for fiscal year, 430 new jobs Major capital access headway for entrepreneurs Thank you for your incredible support and longstanding partnership! QUESTIONS?