HomeMy WebLinkAboutAgenda EDAB 041207,
Economic Development Advisory Board Agenda
Thursday: April 12, 2007 at 8:30 a.m.
Council Chambers, City Hall
1. Call to Order Ken Kahn, Chair
2. Pledge of Allegiance
3. Roll Call Municipal Services Coordinator
4. Approval of Minutes from February 8, 2007 Members
5. Council Update
6. Land Development Petitions
a. None
7. Targeted Expedited Permitting Program Project Update
a. Thies Distributing
b. Total Economic Output: $54,911,391 / annum
c. First Reading at City Council: February 15, 2007; passed 5 -0
d. Second Reading at City Council: March 1, 2007; passed 5 -0
8. New Business
a. Update of SWOT from 2003
9. Next Meeting Date June 14, 2007
10. Public Comment
11. Adjourn
Dolores Key, Economic Development and Marketing Director C
ti '
Threats
2003
2007 Update
Disappearing Developable Land
Insurance Costs
Growth Rate of Jupiter
Congestion = Traffic Gridlock
Lack of Quality Workforce
Growing Mix of Retirees & 2nd Homeowners
Retail Mix: Too Much Focus on High End Retail
Purchase of Products /Services via Intemet
Predetermined Build -out
Anti - Growth Residents
Retention of the Workforce
Taxes
Lack of City Services for Businesses
Degradation of Existing Housing Stock
Lack of Redevelopment Mind Set & Planning
17 Participants in 2003
�W
0
Cj
Strengths
2003
Votes
2007 Update
Up-Scale Demographics
11
Profession of Work -Force
5
Education Level of Citizens
6
New - Building not old or dilapidated
8
Airport Access - Public & Private
8
Location - Weather
7
Growth Potential
6
Low Crime Rate
6
Education Opportunities
5
Public, Private & Higher
4
Quality of Schools in NPBC
1
IT Infrastructure
4
Aviation & Medical Device Sector
3
Pro - Active Public Sector
3
Medical Facilities 1
1
However, Only One in City
0
Business Infrastructure
0
Diversit of Manufacturing & Services
0
17 Participants in 2003
4
Weaknesses
2003
Votes
2007 Update
Traffic Distribution & Transportation
12
Mass Transit, Roads, Infrastructure
Workforce Availability
9
Education
7
Quality is Low: K - 12+
Inter-Connectivity
7
High Cost of Real Estate
6
Commercial & Housing
Impact Fees
Land Costs
Affordability of Housing
6
Availability of Land for ED
5
'Perception of Non-Business Friendly Environment
verse Regulatory Climate
ack of University Programs
4
Workforce Quality
4
Fail Checks
Lack of Marketin the City
3
Collateral Materials, Website
Escalation of Insurance Rates
3
Medical Facilities
2
Will Not Accommodate Growth Potential
Lack of Support Industries
2
Printers, Marketing Firms, etc.
Taxes - Property & Business = High
2
Lack of Brand Name Companies
1
17 Participants in 2003
4
i
Opportunities
2003
2007 Update
Promotion Department for City
Corporate Park / Facilities
Incubators for Small Business
Internet Supply Beneficiary
Re -Zone Current Land Uses to Achieve Goals
Control of NC Airport Property
FAU - Jupiter Campus
Attract High-Wage / High Skill Industries
Utilization of Western Lands
Redevelopment of Northlake Boulevard Corridor
Annex Lake Park
New Turnpike Interchange
Expand PGA Boulevard Turnpike Exit
"Mobile" Free Trade Zone at Port of Palm Beach
" obile" Free Trade Zone at PBIA
17 Participants in 2003
Th reats
2003
2007 Update
Disappearing Developable Land
Insurance Costs
Growth Rate of Jupiter
Congestion = Traffic Gridlock
Lack of Quality Workforce
Growing Mix of Retirees & 2nd Homeowners
Retail Mix: Too Much Focus on High End Retail
Purchase of Products /Services via Internet
Predetermined Build -Out
Anti - Growth Residents
Retention of the Workforce
Taxes
Lack of City Services for Businesses
De gradation of Existing Housing Stock
ck of Redevelopment Mind Set & Planning
17 Participants in 2003