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Economic Development Advisory Board
Minutes
April 12, 2007
The Economic Development Advisory Board met on April 12, 2007. The meeting was called
to order by Chair, Kenneth Kahn at 8:36 a.m. in the Council Chambers of the Municipal
Complex, located at 10500 North Military Trail, Palm Beach Gardens, Florida, and opened
with the Pledge of Allegiance.
1. Roll Call
Members Present
Kenneth Kahn Chair
Lou Gaeta Vice Chair
Elaine Beers
James Kissel
Steve Cohen 1 sc Alternate
Members Absent:
Mark Murnan
Sandra Foland
Casey Steinbacher
Also Present:
Joseph Russo, Mayor and Council Liaison
Dolores Key, Economic Development Director and Staff Liaison
2. Approval of Minutes
The Board approved the minutes from February 8, 2007 by a unanimous vote of 5 -0.
3. Council Update:
Mayor Russo provided an update. He went to Tallahassee and met with state legislators.
Many legislators expressed they are still interested in the Innovation Fund. There is the
potential for $175 million dollars in funding to become available for the entire State. Palm
Beach County has had discussion about a possible match for this money. Mayor Russo
expressed that he feels that Palm Beach County has great potential to be the Biotech hub.
4. Land Development Petitions
None.
5.Targeted Expedited Permitting Program Project:
Dolores Key, Staff Liaison, gave the Board an update on Thies Distributing. Thies has been
given Council approval, passing the first and second reading at Council within 49 business
days. Work is now being done on the actual building plans and comments are being
reviewed.
Economic Development Advisory Board Minutes 041207 Page 1
2 6.New Business:
3 Re- examination of SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis
4 2003: Dolores Key provided packets to the Board which contain all of the individual areas
5 that they identified as a business community to be the strength, weakness, opportunities and
6 threats. Dolores would like to take this baseline information and add or delete items. This
7 way the Board can develop an action plan moving forward.
X
Strengths
2003
Votes
2007
Votes
2007 Comments
Up -Scale Demographics
11
4
Profession of Work -Force
5
Education Level of Citizens
6
1
New - Building not old or dilapidated
g
4
Airport Access - Public & Private
8
4
Needs longer runway to
support corporate jets
Location — Weather
7
3
Growth Potential
6
2
Low Crime Rate
6
2
Within City, PD is a strength.
Growing problem in County as
a whole - needs to be
addressed.
Education Opportunities
5
4
Expanded with addition of
FAU facilities.
Public, Private & Higher
4
Quality of Schools in NPBC
1
IT Infrastructure
4
1
Aviation & Medical Device Sector
3
Pro - Active Public Sector
3
2
Medical Facilities
1
However, only one in City
Could become a weakness if
population growth outpaces
capacity. Better Emergency
Room needed.
Business Infrastructure
Diversity of Manufacturing & Services
Strengths Added in 2007
City ED / Marketing Department
5
TSRI - Scripps Florida
7
FAU
1
PGA Boulevard Corridor - Impressive
5
17 Participants in 2003 - 8 Participants in 2007
Economic Development Advisory Board Minutes 041207 Page 2
Weaknesses
2003
Votes
2007
Votes
2007 Comments
Traffic Distribution & Transportation
12
5
Roadways clogged by construction
& development along Northlake /
PGA
Mass Transit, Roads, Infrastructure
Workforce Availability
9
4
Education
7
3
Quality is Low: K - 12+
Inter-Connectivity
7
High Cost of Real Estate
6
3
Commercial & Housing
Impact Fees
Land Costs
Affordability of Housing
6
5
Nominal additions to affordable
housing.
Availability of Land for ED
5
3
Improvement with Briger site &
Bioscience overlay.
Perception of Non - Business Friendly
Environment
Significant progress made with
TEPP.
Adverse Regulatory Climate
1
Lack of University Programs
4
1
Workforce Quality
4
1
Still dominated by service sector
workforce.
Fail Checks
Lack of Marketing the City
3
Has become a strength.
Collateral Materials, Website
Escalation of Insurance Rates
3
7
Medical Facilities
2
2
Will Not Accommodate Growth Potential
Lack of Support Industries
2
1
Printers, Marketing Firms, etc.
Taxes - Property & Business = High
2
6
Lack of Brand Name Com anies
1
Weaknesses Added in 2007
NC Airport Runway Extension
2
Accommodate newer business jets.
Wi -Fi Throughout City
3
Should participate in County effort.
Lack of Industrial Land
3
17 Participants in 2003 - 8 Participants in 2007
Economic Development Advisory Board Minutes 041207 Page 3
10
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12
13
O ortunities
2003
2007
2007 Comments
Promotion Department for City
Moved to a strength.
Corporate Park / Facilities
5
Approved /Improved Land.
Incubators for Small Business
5
Internet Supply Beneficiary
Re -Zone Current Land Uses to
Achieve Goals
6
Example: Loehman's Plaza.
Control of NC Airport Property
6
1. Runway Expansion
2. Surrounding Land Should Be
Rezoned to Light Industrial
FAU - Jupiter Campus
2
Now a Strength
Attract High -Wage / High -Skill
Industries
6
Utilization of Western Lands
1
Progress has been made on JC Bills
property (Parcel 18). Parcel should
be used as Light Industrial.
Redevelopment of Northlake
Boulevard Corridor
6
Annex Lake Park
3
New Turnpike Interchange
Complete Jog Road between
Turnpike and Northlake Blvd.
Expand PGA Boulevard Turnpike Exit
"Mobile" Free -Trade Zone at Port of
Palm Beach
"Mobile" Free -Trade Zone at PBIA
Opportunities Added in 2007
Redevelopment of Loehman's Plaza
1
1 5
17 Participants in 2003 - 8 Participants in 2007
Economic Development Advisory Board Minutes 041207 Page 4
Th reats
2003
2007
2007 Comments
Disappearing Developable Land
1
Insurance Costs
7
Growth Rate of Jupiter
2
Congestion = Traffic Gridlock
5
Community opposition to roadway
expansion.
Lack of Quality Workforce
6
Growing Mix of Retirees & 2nd
Homeowners
1
May be impacted by rising housing
costs and taxes.
Retail Mix: Too Much Focus on High
End Retail
2
Ridiculous percentage of high -end
retail along PGA Boulevard.
Purchase of Products /Services via
Internet
Predetermined Build -Out
Anti - Growth Residents
5
Well organized, well connected
with City leadership.
Retention of the Workforce
3
Taxes
8
Continues, unabated.
Lack of City Services for Businesses
Degradation of Existing Housing Stock
Lack of Redevelopment Mind Set &
Planning
1
Threats Added in 2007
Lack of State Funding for ED
Lack of County Match in Financial
Incentives
1
2
3
4 7. Next Meeting
5 The next meeting will be June 14, 2007. There will be no meeting in May.
6
7 8. Comments by the public:
8 There were no comments from the public.
9
10
Economic Development Advisory Board Minutes 041207 Page 5
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2 9. Adjournment
3 With no further business to discuss the meeting adjourned at 9:25 a.m.
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5 Approval:
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39 Attest:
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42 �,c Patrici
U(S1" V 7-7 C t
Snider, CIVIC, City Clerk
Kenneth Kahn, Chair
Lou Gaeta, Vice Chair
Elaine Beers, Board Member
James Kissel, Board Member
Mark Murnan, Board Member
Casey Steinbacher, Board Member
Sandra Foland, Board Member
Steve Cohen, 1 s` Alternate Board Member
I<
43 Note: These summary minutes are prepared in compliance with 286.011 F.S. and are not verbatim transcripts of
44 the meeting. A verbatim audio record is available from the Office of the City Clerk
45 All referenced attachments are on file in the City Clerk's office.
Economic Development Advisory Board Minutes 041207 Page 6