Broward County Commission Regular Meeting

MOTION TO APPROVE Greater Fort Lauderdale Alliance (hereinafter referred to as “The Alliance”) Fiscal Year 2019 quarterly performance report, for the period January 1, 2019 through March 31, 2019, pursuant to the Agreement between Broward County and the Alliance.

ACTION:  (T-10:51 AM)  Approved.

VOTE: 9-0.  Vice-Mayor Holness voted in the affirmative telephonically.

Pursuant to the County’s agreement with the Alliance, the Alliance must submit to the Office of Economic and Small Business Development, quarterly performance reports for Board acceptance.

The Alliance's submission and the Board of County Commissioners' acceptance of the quarterly performance reports will satisfy compliance with the terms of the Agreement between the parties.

None.

THE OFFICE OF ECONOMIC AND SMALL BUSINESS DEVELOPMENT RECOMMENDS APPROVAL OF THE ABOVE MOTION.

This motion supports the Board of County Commissioners' Vision of “A vibrant economy with a diverse, skilled workforce, in a County offering unique advantages that attract all types of businesses to create equitable, countywide prosperity.”, Goal 1: “Attract and retain all types of business, especially high-wage industries that offer employee benefits, through partnerships with the Alliance, chambers of commerce, colleges and universities, CareerSource, and any other available avenues."

The Office of Economic and Small Business Development (hereinafter referred to as “OESBD”) reviewed the Fiscal Year 2019 Alliance Quarterly Performance Report (Exhibit 1). The quarterly report has been summarized to highlight the Alliance’s achievements for the second quarter of Fiscal Year 2019 (Exhibit 1, page 3 of 9). The quarterly report demonstrates the successful achievement of 46% of the Alliance’s overall quarterly goals, with notable achievements in direct capital investment of $189.7 million and projected value-added job creation of 578 jobs. The Alliance has exceeded the annual goal for overall capital investment for Fiscal Year 2019.

As reported by the Alliance, goal attainment challenges listed were missed due to several outside influences. Regarding job retention, the Alliance reports that while this measure is currently under goal, there are several projects in the pipeline that are currently being finalized and as they are announced, it is anticipated they will bring the Alliance in line with goal as the year progresses. The Alliance reports that investor relations goals are at 92% of their quarterly goal and anticipate that both goals will be achieved as the year progresses.

OESBD has reviewed the report and accepts the Alliance response relating to performance activities including its three departments: Business Development, Investor Relations, and Business Intelligence Function. The Alliance has achieved a significant portion of its quarterly goals.

Steven Tinsley, Economic Development Manager, OESBD, (954) 357-8075