First quarter metrics report

1:08:10Thank you very much. Appreciate it. Thank you. Okay. So it's eleven ten. I've got a time certain for eleven fifteen, so I'm gonna bill up bring up Mr. Bill Cronin.

1:08:24Good morning everyone. Happy Tuesday. And uh always great to hear from from Chuck and and Tampa Bay Water. Uh water is really important to what we do as well too. So makes sense that we're together right now. Um Today I'm have the pleasure to report to you our first quarter metrics to the county. This is a little different format than usual. This is the very first full reporting period that we've been our public funds have been 100% from

1:08:54the penny. So historically we used to have two presentations. Today you're lucky we just have one presentation that covers all of the different things that we're doing. And I'm going to format it in a a certain way for you to follow fairly easily, but I also want to let you know in your packet. You've got the full list of metrics that you'll get every single meeting uh that I present. Uh and that's eighty-eight different items that we perform on behalf of the county uh per our contract

1:09:24with the penny for Pasco. We're not gonna go through all eighty-eight of those, and instead I'm going to present in um Some of the highlights of each department and uh also the impact that those those metrics lend towards. So uh just before we get started, just uh for fun.

1:09:45Did did we get that? I don't have it. I don't have it. I don't think anyone else has it. It's not attached in the Agenda.

1:09:58We don't typically print out the presentations for you but

1:10:01shouldn't it be at least

1:10:03it's it's in

1:10:04it says attachments none.

1:10:06We'll we'll have that presented. There's usually a timing issue when we go to publication on these types of things. But Gina can print those for you and have them available to you if you want to follow along.

1:10:17Do you want to make a copy of this? Okay. Okay. And I'll I'll make sure when we uh when we turn those in also to remind everyone to to add those because they're they're good reading. There's a lot of stuff. Um you'll see some pictures from when we had Vantage Point AI uh for an announcement for their expansion uh during the first quarter. And I'm going to present this in three major groups, uh, and that is start, move, and grow, the same as

1:10:47our moniker. So start being our startups, uh, things that we work on through the incubators, our entrepreneurship programs. Move will be business recruitment, where we're trying to get people to move here. And grow will be exactly what it says: growing our existing business here. And then showing what the impacts of each of those are. So starting with the uh start, you'll see that um the three highlights of the of the quarter, we had uh one microloan closed out of

1:11:18our goal for six for the year, twenty-five thousand dollars that went to uh FE May's Kitchen and Zephyrhills, and we're starting to see a a real um How shall I say food hub started to uh take place in East Pasco right now. Uh and as far as uh Participants and in workshops. We had 286 participants already in the first quarter, our overall goal of 650. We had six representatives

1:11:49uh attend six different events in the community with our our goal of 10 for the year. So we're already ahead on each of those. We also hosted 22 Israeli tech firms. uh at smart start. So uh Israel sees Florida as a pretty big market. We're uh uh well over twice the size of of the country of Israel and most of them want to do partnerships with us. So the impact of those activities Are we seeing

1:12:19uh new members at each of the incubator centers? So two new incubators, uh uh members at West Pasco, eight at the Grove, and six at the Kitchen or East Pasco. Uh but here's the the part that's most interesting: 16 companies launched. in that first quarter. And those are things that that these activities will build up to. We can't make a company do these things, but this is the impact that those activities have by doing

1:12:49them. So highlights from business recruitment. We had nine business development events that we attended in the first quarter. And in that you see there's Urban Land Institute, Commercial Real Estate Conference. Again, getting the word out to people outside the county, outside the state to move here. sites um continue to be what most people are looking at. We have a new candidate site. for

1:13:20Ready Site that we're working on already for this next year. It takes us about a year to a year and a half to complete that. And then we had members that were speaking at events. So I spoke at the Bio Conference, Tom Ryan at the NAOP conference, and then we also represent we had representation at Economics, which was all site consultants. And then impacts for that, eight new leads already in the first quarter, eighteen new projects, and

1:13:50fourteen RFPs that we responded to that we submitted Pasco County buildings or sites. Eight submissions that included our ready sites. And fourteen face-to-face meetings with decision makers on projects. That's really where the rubber hits the road is is when we're actually meeting with people. Moving into Grow and again working with our existing business, uh, we hosted a workforce uh group event which is our Pasco 50,

1:14:21and we do that twice a year. We already had our first one, uh PASCO 50, and then Also I'm I'm trying to read that with uh. 60 one-on-one counseling sessions. Um Quarter two, we assisted two companies that had uh need for foreign trade zone. So keep in mind anything we do with exports or helping people find export markets, that's part of our existing business assistance.

1:14:52And then we had 16 visits. To local companies that had issues or challenges. And that's when we work really closely together with county staff, with Office of Economic Growth, permitting, planning, all of the above to help our companies navigate through those situations. So, impact for our existing business, 16 visits, 27 different issues that were addressed. And you'll see there's a graph that actually lists the different types

1:15:22of issues so that we can start to see if there's trends. If there's trends in certain items, we'll come back and say maybe we need to do something programmatically to address something if we're if we have several companies going through the same issue. Um Eight. New uh um jobs out of those expansions, two local expansions, local companies here. And that's always probably our best ad for business is when we see our local companies continue to expand. Uh here's a

1:15:52overall glimpse of our our whole pipeline. And in the gray is the existing pipeline, and the orange are the items that came through this first this first quarter. So I'm always going to present to you what we have, what's new. You need to see that pipeline continuing to grow, what we're still working, and unfortunately sometimes what we've what we've lost or what has been abandoned we'll actually include in there as well too, so that you know uh if if the faucets start

1:16:22to turn off at all. The top target industries, still no surprise there, advanced manufacturing, life sciences, aviation, aerospace, and defense. Although I I will say, and I mentioned earlier, we're starting to see a lot more uh activity around food, especially around East Pasco, and that's why again water being so important with what we do. I see uh Nicole Dubs here today also with access.

1:16:50And those are going to be something that we continue to see, especially around Zephyrhills, I think, too. We had three wins, black diamond coatings. Greco Architectural Metal Products and the Fulfillment Lab. And we're waiting on job commitments for those, but we've already got the commitment that they're going to do it here. You may have already seen the sign for fulfillment labs on the building, the spec building at Sun Lake. So this

1:17:20was a company that we all helped jump through some hoops right around the holiday time, and they sent out millions and millions of packages just from that location in that short time, thanks to working together with staff here. Uh marketing, $776,000 of earned media value already, our goals a million. As far as our social media followings, we have a 5% year-over-year increase. Goal

1:17:50and that goal puts us at 722 new followers for the year. We already have 160, so that's that's trending really well. And two ad campaigns already this year focused on the port shipping propeller club, and that goes out to of course to the foreign direct investment candidate. Top landing pages still. Well, doing business in Pasco, Baduco Foods, Smart Start, Microloans, a

1:18:20lot of those are the same uh press releases that we had, and it's not surprising that they're going to the webpage to read more about that. Florida, Virginia, Oregon, California, and Iowa are the top hits this quarter. Um historically we've seen a lot from Illinois, New Jersey, New York, uh starting to see some stuff further west this time. And then as far as our private sector activity, we're up to 94 investors, 48 members

1:18:51of the Board or Policy Council, and already have 240,000 in our private sector investment goals or towards our goal. Three new investors, Orlando Health. Tampa Metropolitan Area YMCA and Bank of the Ozarks. And then coming up Uh thanks for for you guys who had attended the uh economic forecast luncheon this last week. Sold out event uh again, many years in a row. Everybody

1:19:21likes that one. Uh next thing coming up is our food vendor fair, which will be at the East Pasco incubator. And I always joke, you wear your stretchy pants, they'll have samples there. But it's a good time to meet our food vendors and um Yeah, if you're looking to buy something for your staff or uh our catering arrangements, uh we've had a lot of experience that um uh has come out of that by meeting with our our members there. March twelfth, annual Netfest, and that'll be the Chili Cook-Off again, and that

1:19:51will be at the concourse. Out on 52, fairly centrally located, should be easy to get to and should be chilly enough to enjoy the chili. And then uh also our annual Grow Pasco, March 19th, also in March, and that'll be a day-long event for entrepreneurs over at the um uh Sierra Hyatt Pla or I'm sorry, at Saint Leo all day. And that's our our team and uh I'll stop there and see if you guys have any questions.

1:20:20Yeah. Any questions? Well. Mr. Waiton.

1:20:23Yeah, thank Chair. Yeah, Bill, I I like I very much like this style of your update. It's uh more detailed and and metric driven, which I appreciate. So I know probably maybe took your team a little bit more time to put it together, but grateful for Bill's team and your time in in this new format. So good update for Q one. Thanks.

1:20:46Thank you.

1:20:47Um

1:20:47Commissioner

1:20:47Starkey,

1:20:49how far along is Badook go? Are they going vertical?

1:20:53They're very vertical. Yeah. Yeah. Yeah, they're very vertical. And um and right now we're we're seeing them already talk about um doing a hiring fair uh to start hiring some some employees. Equipment should be coming fairly soon as well in there. But yeah, if you drop by and we'll include some photos uh for you guys. Good reason to get out there. And um uh yes, but but very vertical and it looks great, state of the art.

1:21:20Well um would you mind sending me some photos?

1:21:22Happy to do it. I'll send it to all of y'all. Yeah.

1:21:24Yeah, someone? Okay. I'd love to see what it looks like.

1:21:27So Bill, with um and again a great report, I I do love the structure too. Thank you for nice up. Um with New York, New Jersey, I think Seattle Those mayors that are up there that are really disrupting things.

1:21:40Yeah.

1:21:40Uh the way they're gonna start taxing the rich, et cetera. I gotta think we got some great opportunities. Are we looking to penetrate those markets a little bit more?

1:21:47Selectively.

1:21:52here. Uh I'll be I'll be very candid about that. Yeah. But uh thank you again. And this this also helps um uh the county with their staff uh with their strategic plan. A lot of these items now align perfectly with the strategic plans item 3.3 and 3.2. So at the end of the year you'll see very clearly where Pasco EDC is working together with staff in uh what our part of is and then what the return on investment is. Yes.

1:22:19Okay. One more thing, too. As far as like office development, et cetera, you still find there's a strong need out there for office to bring jobs up here as opposed to people still commuting south?

1:22:28Yeah, I think uh as people as people start to settle into the housing that has been built over the last few years, the employers are going to start to see there's no need for all of those people to commute on a daily basis downtown. And if they can save an Hour out of people's lives at the beginning and the end of the day. Um, that's makes for a better workforce and happier workforce. And now we have CEO level housing here too. So they can move here as well. The the difference is that um it needs

1:22:58to be there and ready. So speculative developments, really difficult to uh roll the dice and say, Am I gonna go ahead and build this and hope they come? Uh luckily we do have some product out there. It's been filling. I think the attitude is there. Um just a matter of making sure that we continue to tell the story. Okay.

1:23:20Well thank you very much sir. Appreciate it.