Targeted Industries Study Presentation - The Green Workforce Think ...

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DCG Corplan

New Broward County
Targeted Industries Study

DCG Corplan

Appomattox Basin Industrial Development Corporation (VA)


Ashland Alliance Corporation (KY)



Baldwin County Economic Development Alliance (AL)



Barbados Investment and Development Corporation

Bennington County Industrial Corporation (VT)



Bus. & Industrial Development Corporation of Charleston (WV)


Carolinas Gateway Partnership (NC)



Centralia Economic Development (IL)



Charleston Regional Development Alliance (SC)



City of Albuquerque Dept. of Economic Development (NM)


City of Kingston Dept. of Economic Development (NY)


City of Millville Economic Development Office (NJ)


City of Palmdale Dept. of Economic Development (CA)


City of Rahway Dept. of Economic Development (NJ)


City of Trenton Dept. of Economic Development (NJ)


Continental Cooperative Services (IL)


Corpus Christi Regional Economic Development Corp. (TX)


East Texas Council of Governments (TX)


Economic Development Board for Tacoma
-
Pierce County (WA)


Empire State Development Corporation (NY)


England Airpark (LA)


Governor’s Office of Trade, Tourism & Economic Development (FL)

Greater Baltimore Committee (MD)


Development Federation (IA)


Greater Scranton Chamber of Commerce (PA)


Ind. Dev. Auth. Of f Front Royal and Cty of Warren (VA)


Market Lubbock, Inc.(TX)


MEAG Power Economic Development (GA)


Meigs County Economic Development Office (OH)


Memphis Area Chamber of Commerce (TN)


Morgan County Commission (WV)


Peninsula Alliance for Economic Development (VA)


Piedmont Triad Partnership (NC)


Pittsburgh Regional Alliance (PA)


Port Authority of New York & New Jersey


Port of South Louisiana (LA)


Prince William County Office of Economic Development (VA)


Pueblo Economic Development Corp. (CO)


Staunton Office of Economic Development (VA)


Tri
-
County Council for Western Maryland (MD)


Tulsa Port of Cattoosa (OK)


Union County Dept. of Economic Development (NJ)


University Heights Science Park (NJ)


Washington
-
Baltimore Regional Association (MD)


West Kentucky Corporation (KY)


West Virginia Development Office (WV)

DCG Corplan Consulting LLC

Location and Development Advisory Services

Economic Development



Assignments in 18 US states



Over 400 public
-
sector


assignments



More than 150 target



industry studies

NJ Headquarters Office


Western Regional Office

West Orange, NJ


Pleasanton, CA


Current form: 1997 merger

Outgrowth from original
Fantus Company: 1955

DCG Corplan

Project Objectives

This study is intended to assess the
opportunities for recruiting desired new
industries to Broward County that will
create
high skilled

/
high wage
jobs
consistent with the area’s overall
economic development strategy.

DCG Corplan

Project Constraints

1.
Destabilizing of economic conditions

over the duration of the project period.


2.
Requirement to be sensitive to the needs of
structural drivers such as the Marine
industry, traditionally not a high

skill/high
wage candidate.


DCG Corplan

Sources of data


US Census Bureau (County Business Patterns 2006,
American Community Survey 2007), North American
Industrial Classification System (NAICS)



US Dept. of Labor (Bureau of Labor Statistics,

Occupational Employment Statistics 2007)



Florida Agency for Workforce Innovation (Labor Market

Statistics, Quarterly Census of Employment 2006
-
7)



Enterprise Florida Inc., Florida Research and Economic
Database (FRED), and the Employ Florida Marketplace

2007 datasets establish the pre
-
recessionary employment pattern
and the possibility of return to full employment.


DCG Corplan

Project Organization

DCG Corplan

Project Components


Task One


Industry and Workforce

Analysis




Existing industry review


labor, growth rankings




Current target industry performance




Emerging industries


scale, growth potential




Interviews with Broward County employers (517)



Workforce Addendum


skills, demographics,

education, migration patterns, languages,

diversity, non
-
citizens


DCG Corplan

Project Components


Task Two


Comparative Analysis of

Competing areas (12 MSA’s)


Location Quotient (LQ) charts

--

Industries make the regional economy unique

--

“Export orientation” of an industry

--

Emerging export industries beginning to bring

money into the region

--

Endangered industries that could erode the region’s
economic base



Econographics


153 locational factors




Business Climate Index


DCG Corplan

Project Components


Task Two


Comparative Analysis of

Competing areas (12 MSA’s)



Cincinnati
-
Middletown, OH
-
KY
-
IN MSA



San Diego
-
Carlsbad
-
San Marcos, CA MSA



Houston
-
Baytown
-
Sugar Land, TX MSA



Raleigh
-
Cary, NC MSA and Durham, NC MSA



Atlanta
-
Sandy Springs
-
Marietta, GA MSA



Los Angeles
-
Long Beach
-
Santa Ana, CA MSA



San Jose
-
Sunnyvale
-
Santa Clara, CA MSA



Austin
-
Round Rock, TX MSA



Boston
-
Cambridge
-
Quincy, MA
-
NH MSA



Seattle
-
Tacoma
-
Bellevue, WA MSA



Washington
-
Arlington
-
Alexandria, DC
-
MD
-
VA
-
WV MSA

DCG Corplan

Project Components


Task Three


Recommendation of Ten

Target Industries



Systematic screening of 295 industry sectors




Location Quotient analysis




Cluster theory


27 groups of inter
-
related industries




Preliminary identification of 12 potential clusters




Modeling of operational scale & profitability




Ranking and final screening for 10 recommended

target clusters




Impact on Workforce (wages, income standards)

DCG Corplan

Project Components


Task Four


Strategic Business

Development



Promotional plan to market the new target

industries




Media promotion (print, Internet, TV)




Political support and incentive development




Budgets and timeline

DCG Corplan

Critical Findings

DCG Corplan

Market Description

Broward County Population Change
2000-2007
1,550,000
1,600,000
1,650,000
1,700,000
1,750,000
1,800,000
Yr.
2000
Yr.
2001
Yr.
2002
Yr.
2003
Yr.
2004
Yr.
2005
Yr.
2006
Yr.
2007
Broward County: 32% of the 5.4 million person

Miami
-
Fort Lauderdale
-
Pompano Beach
Metropolitan Statistical Area (MSA)

2007 population: 1,759,591

2030 population: 2,439,260

Growth leveled
off in 2006 for
all 3 counties

DCG Corplan

Economic Distribution

Broward County’s

Balanced

Economy

Broward County Distribution of Industry
Establishment Size
1-4
66.0%
5-9
14.6%
10-19
9.1%
50-99
2.4%
100-249
1.4%
1,000+
0.04%
500-999
0.1%
250-499
0.3%
20-49
6.0%

Retail Trade
Wholesale
Trade
Healthcare
Unclassified
Constr.
Manf'g.
Admin. Support
& Waste Mgnt
Educational
Real Estate &
Leasing
Transp. &
Wrhsng.
Finance &
Insurance
Information
Arts, Entert. &
Rec.
Other Services
Accomm. &
Food Srvcs.
Utilities
Agri.
Support
Mgmnt. of Cos.
Prof. Sci, and
Tech.l Srvcs.
Mining
DCG Corplan

Current Target Industries



Warehouse and Distribution




Motion picture production



Administrative/Operations Offices



Information Technology



Biomedical R & D



Pharmaceuticals



Surgical and Medical Instruments



Computing Equipment



Electronics



Book and periodical Publishing



Corporate or Regional Headquarters



Other Non
-
retail Operations, or target industries identified

under Qualified

Target Industry Tax Refund Program

Potential for HS/HW Jobs

Alternative Energy

Materials Science

Nanotechnology

Marine Science

Photovoltaics

Life Sciences

Information Technology

DCG Corplan

Current Target Industries



Warehouse and Distribution


RETAIN




Motion picture production


MODIFY



Administrative/Operations Offices


RETAIN



Information Technology


MODIFY



Biomedical R & D


RETAIN



Pharmaceuticals


RETAIN



Surgical and Medical Instruments


REPLACE



Computing Equipment


REPLACE



Electronics


MODIFY



Book and periodical Publishing


RETAIN



Corporate or Regional Headquarters


MODIFY


Current target industries performance


mixed, at best,
but not needing wholesale replacement

DCG Corplan

Broward County Employers Interviews



Objective: interview 500 companies




Obtain insight form “C”
-
level executives




Build a database of companies large

enough to ensure response rate




Use web resources to gather and process

responses

DCG Corplan

Broward County Employers Interviews


SharePoint


Broward

County

employer

questionnaire


In
-
person,

telephone,

mail, and on
-

line interview

results

recorded and

statistically

evaluated




517 completed

interviews


DCG Corplan

Broward County Employers Interviews

Key Survey results



Labor union: 8.1%



Air express cargo use: 9.7%



Ocean container use: 6.4%



High school or GED: 44.7%



Associate or higher: 38.5%



English only required: 65.2%



English & Spanish required: 24.5%



Recruit from Broward County: 25.3%



Recruit from Tri
-
Counties: 36.9%



Local vendor preference: 67.5%



Revenues from Broward County: 41.2%



Expected business contraction: 9.1%

Average age of
company: 17 yrs

New companies since
2000:

36.5%

Avg. size: 134
Avg. annual
wage: $28.01

DCG Corplan

Broward County Employers Interviews


Aircraft parts


Assembly hardware


Computer electronic parts


Electrical wire


Elevators and escalators


Engines & other OEM parts


Extruded aluminum castings


Fuel tanks


Galvanized piping


Generator enclosures


Glazing materials


Joist and deck


Latex


Lightning Protection



Paints



Plastic resin



Pressure sensitive materials



Pumps & pressure vessels



Reinforced fiberglass enclosures



Screen print vinyl



Solar Panels



Solvents



Steel fans & silencers



Steel sheet & pole



Structural Sealant



Surgical instrumentation products



Switch gear, light fixtures



Windows & door frames

Supply chain “wish list”



parts & products

DCG Corplan

Broward County Employers Interviews



Construction testing services
-


advanced



Construction, metals, custom

fabrication



Copywriting



Core banking processing



Custom foil circuitry & design

services



Efficiency and effectiveness

consulting, coaching



Electronic component repair



Industry software



Industry specific data

processing services




Machine shop, welding services



Meat equipment maintenance &

repairs



Mega yacht repair facilities



Modular building manufacturing



Product fabrication



Qualified translators



Specialty international law services



Stock photography



Testing equipment, equipment

calibration



Website design/programming

Supply chain “wish list”



services

DCG Corplan

Broward County Employers Interviews

Most needed improvements


East/West transportation & mass systems



TL & LTL trucking carrier services & choices



Technical skills, sales & management skills



Permitting and approvals expediting



Reducing operating costs



Business incentives & tax credits



Larger employer base & international investment



Reduction of property taxes on mfg. companies



Apprenticeship programs for the Marine Industry

DCG Corplan

Workforce Assessment



Leading Industries

and Occupations

Industry







% of Total

Retail trade






16.3%

Health care and social assistance



11.1

Accommodation and food services



10.0

Administrative support and waste management


9.3

Construction







8.2

Subtotal industries employment


54.9%

Occupation % of Total

Office and administrative support



20.6%

Sales and related





14.0

Food preparation and serving related



8.6

Transportation and material moving



6.0

Construction and extraction




5.9

Subtotal occupations employment 55.1%

DCG Corplan

Workforce Assessment



Population 16 years and over




1,394,454

In labor force







923,129


Civilian labor force






921,734


Employed







864,561


Unemployed








57,173


Armed forces






1,394

Not in labor force






471,325

Unemployment rate






6.2%




Labor Force

Benchmark (2007)

Between 2000 and 2006, total private
non
-
farm employment in the County
increased by 46,169 net gain of 7.5%

Average Broward
County wage 2007
= $18.75/hr.

October 2009 Unemployment rate = 9.7%

DCG Corplan

Workforce Assessment




Skills

Skills Offered


8,047 resumes review



Transportation and material moving (500+)



Sales and related (499)



Office and administrative support (498)



Food preparation and serving related (495)



Installation, maintenance & repair (495)



Business and financial operations (494)



Construction and extraction (494)



Management (486)



Production (486)



Healthcare support (470)


DCG Corplan

Workforce Assessment




Skills

Skills Offered


8,047 resumes review



Cashiers ($9.50)



Accountants and Auditors ($16.75)



Customer Service Representatives ($12.00)



Security Guards ($9.50)



Truck Drivers


Heavy and Tractor Trailer ($14.50)



Healthcare Support Workers, All Other ($12.00)



Computer Support Specialists ($14.50)



Medical Assistants ($12.00)



Managers, All Other ($19.25)



Nursing Aides, Orderlies, and Attendants ($9.50)

DCG Corplan

Workforce Assessment




Skills

Skills Offered


Missing Fields



Animal Scientists



Anthropologists and Archeologists



Astronomers



AudioVisual Collections Specialists



Biochemists and Biophysicists



Camera and Photographic Equipment

Repairers



Epidemiologists



Forest Fire Inspectors and Prevention

Specialists



Forestry and Conservation Science

Teachers, Post Secondary



Gas Compressor/Pumping Station

Operators



Gas Plant Operators



Geological and Petroleum Technicians



Historians



Industrial Organizational

Psychologists



Makeup Artists, Theatrical and

Performance



Materials Scientists



Model Makers, Wood



Models



Oral and Maxillofacial Surgeons



Patternmakers, Metal and Plastic



Patternmakers, Wood



Prosthodontists



Semiconductor Processors



Timing Device Assemblers,

Adjusters, and Calibrators



Traffic Technicians

DCG Corplan

Workforce Assessment




Skills

Skills Wanted


Noted Shortfalls

Group

Jobs $18.75
and over

Jobs

at any salary

Management

258


500+

Computer and Mathematical

136


500+

Business and Financial
Operations

126


500+

Architecture and Engineering

85


500+

Sales and Related

76


500+

Total

927

7,349+

DCG Corplan

Workforce Assessment




Skills

Skills Wanted


Noted Shortfalls



Alternative energy



Advanced materials



Advanced surgical/prosthestic devices



Research & development/pilot manufacturing



Business and financial operations



Computer and mathematical




Management



Performing arts/theatrical arts

23,000 job seekers looking for 7,000 positions

= 3:1 selectivity ratio adequate applicant flow

DCG Corplan

Workforce Assessment




Education



Broward
Co.

FL

US

Less than High School

14.3%

15.6%

15.7%

High school diploma or GED

30.1%

31.8%

30.6%

Some college, no degree

19.8%

20.5%

21.6%

Associate's degree

8.3%

8.3%

7.1%

Bachelor's degree

18.2%

15.7%

16.2%

Graduate or professional degree

9.3%

7.9%

8.8%

Totals

100.0%

100.0%

100.0%

Associate, Bachelors or Higher degrees

35.8%

32.0%

32.1%

The Broward County workforce is generally well
-
educated but is perhaps polarized at the high
school attainment benchmark.

Educational achievement

DCG Corplan

Workforce Assessment




Income Standards

Less than 10.0%
10.0% - 14.9%
15.0% - 19.9 %
20.0% - 24.9 %
25.0% - 29.9 %
30.0% - 34.9 %
35.0% - 39.9 %
40.0% - 49.9 %
50.0% or more
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
Broward County Monthly Owners
Housing Costs (Mortgage) as a
Percent of Income (2007)
Owner’s Housing
costs

Housing as
Percent of
Income

Required Estimated
Household
Earnings

$18,000

29.6%

$60,811

$23,988

29.6%

$81,041

$20,944 (avg.)

29.6%

$70,926 (avg.)

$77,950/yr income
= $23,000/yr
housing costs

DCG Corplan

Key metrics


4th among a list of 26
counties in the 1 million to
2 million range.



8
th

in age diversity



4
th

in nativity diversity



11
th

in race diversity



6
th

in language diversity



1st in Overall cultural
diversity

Southern tier of
US states





Cultural Diversity

Workforce Assessment

Broward County Labor Force Distribution
2015 proj.
45 to 64 years
44%
65 years and
over
4%
16 to 19 years
4%
20 to 34 years
24%
35 to 44 years
24%
Broward County Labor Force Age Distribution
2000
35 to 44 years
29%
20 to 34 years
31%
45 to 64 years
32%
16 to 19 years
4%
65 years and
over
4%
DCG Corplan

Competitive Assessment

DCG Corplan

Business Climate Index


Broward County
Strengths:

population growth,
ethnicity diversity,
educational
attainment, labor
availability, business
patterns, retail sales
per capita, mean
hourly wages,
commercial rents

BCI for Broward County
against US (100) =133

DCG Corplan

Business Climate Index


Broward County
Weaknesses:



# of younger
working age persons
(18
-
44), # knowledge
workers, market
access, 2nd car
purchases, housing
costs, cost of living,
consumer
expenditures,
construction costs,
electric costs



BCI for Broward County
against US (100) =133

DCG Corplan

Business Climate Index

MSA Competitive
rankings


9
th

overall rank



6
th

in population
growth



4
th

in commercial rents



1
st

in labor market



2
nd

in retail
sales/capita



2
nd

in income distrib.



1st in mean hrly.
wages

MSA

vs.

Broward
County

Vs.


United
States

BCI

Rank

Los Angeles

161

214

1

Houston

155

206

2

Atlanta

145

193

3

Austin

135

180

4

Raleigh
-
Durham

133

177

5

Cincinnati

117

157

6

Seattle

108

144

7

Washington DC

104

138

8

Broward County

100

133

9

San Jose

95

126

10

San Diego

93

124

11

Boston

86

114

12

DCG Corplan

Business Climate Index

Broward County’s
Competitive summary



Moderate ethnic diversity




A high degree of well trained

working

age persons




Strong retail sales performance




Modest median income levels




Attractive wage levels




Affordable commercial rents and

construction

costs

Advantages over:
Silicon Valley, San
Diego, Boston

DCG Corplan

10 New Target
Industries (clusters)

DCG Corplan

Miami
-
Fort Lauderdale
-
Pompano Beach
MSA

24%



2,031,977



employed workers

(2006)


177,851

establishments


Broward County:

32.8% labor

33.0% estbl.



MSA: 290 of 295

national industries

11%

8%

DCG Corplan

Cluster Theory


27 channels for 295
Industries



Aviation/Aerospace (4)



Agriculture (9)



Automotive (5)



Business Services (9)



Chemicals (8)



Computers & electronic equip.(6)



Construction srvcs. & matr'ls. (20)



Consumer Products (16)



Consumer Services (11)



Education (7)



Energy & Utilities (7)



Environmental Services (3)



Financial Services (12)



Food & beverages (11)



Health Care (17)



HQ & Management Operations (3)



Industrial mfg. (34)



Information & Media (8)



Leisure & Tourism (16)



Life Sciences (4)



Metals & Mining (11)



Not
-
for
-
Profits (5)



Real Estate (3)



Retail (29)



Telecom srvcs. & equip. (11)



Transportation
-

Land & Sea (25)



Unclassified (1)

DCG Corplan

Miami-Fort Lauderdale-Pompano Beach MSA Industry Clusters
Location Quotients (LQ) 2006-2016
Metals & Mining
Agriculture
Life
Sciences
Comp. &
Electr.
Cons.
Prdcts.
Cons.
Srvcs.
Education
Energy
& Util.
Environ.
Srvcs.
Fin.
Srvcs.
Food &
Bvg.
HQ &
Mgmnt.
Industrial
mfg.
Infor. &
Media
Leisure &
Tour.
Telecom
Chemicals
Unclassified
Automotive
Constr.
Transp.
Not -for-
Profits
Real
Estate
Bus.
Srvcs.
Aviation /
Aerospace
Retail
Health
Care
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
-1.80
-1.30
-0.80
-0.30
0.20
0.70
1.20
1.70
2.20
2.70
3.20
3.70
4.20
MSA 2006-2016 LQ Annual % Change
2016 MSA LQ
Legacy Industries
Premium Industries
Passive industries
Emerging Industries
Expanding High Skill/High Wage
Industries

Projected

growth


Location
Quotients



local industry
concentration
versus US
over time



Indsutry
concentration

Increased
market
share/time


Premium

Industries


DCG Corplan

Exhibit 3.a.1(26) - Transportation - Land & Sea Cluster
MSA Wage & Productivity Analysis
MSA cluster
total
3366
4831
4841
4842
4851
4853
4854
4855
4859
4852
4871
4872
4884
4885
4879
4883
4889
4882
4921
4922
4931
4832
6.00
10.00
14.00
18.00
22.00
26.00
30.00
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
2006-2016 Productivity Annual % Change
2006 FL Hrly $
Less skill /
higher wage

Higher skill /
higher wage

Less skills /
lower wage

Higher skill /
lower wage


Increased
productivity
(resulting from
skill growth)




Exceeds mean
Broward
County wage
of $18.75/hr.

Expanding High Skill/High Wage
Industries

High Skill/

High Wage

definition


Wages
Above
$18.75

Productivity
growth


High Skill /

High Wage

Industries


DCG Corplan

Cluster Analysis


Methodology



US cluster growth is expected to be 4.91% over 2006.




25,837 workers in the MSA, will reach 33% above US avg.







Maintenance and support services are a high priority due to

Broward County’s strength in this area is impressive.






Broward County represents 26.3% of the MSA cluster total.






Cluster has
$3.89 per hour overall wage differential in favor

of FL operation.





FL Aerospace Products & Parts Mfg. at a $7.12/hr wage

advantage over US.

Aviation/Aerospace Cluster


key factors

DCG Corplan

Aviation/Aerospace Cluster

2016
-
2006 Est.
US Job
Chnge

2016
-
2006 Est.
MSA Job
Chnge

2006
Broward
County
Industry
empl

2006
Broward
County
Industry
share %

2016
Broward
County
Direct
Econ.
Impact $
mill.

Aerospace Product & Parts Mfg.

13,697

228

791

24.3

4.1

Scheduled Air Transportation

11,149

-
296

3,636

44.2

-
4.5

Nonscheduled Air Transportation

2,241

-
77

408

19.1

-
0.7

Support Activities for Air Transport

23,529

1,369

1,686

15.0

13.5

1,224

6,521

26.3

12.4

Aviation/Aerospace Cluster Summary

2016
-
2006 US
Exp.

2016
-
2006 MSA
Exp.

2016 MSA
LQ >1.0

MSA High
wage /
high skill

FL
-

US $
wage
Diff.

Aerospace Product & Parts Mfg.

X

X



X

X

Scheduled Air Transportation

X





X

X

Nonscheduled Air Transportation

X



X

X

X

Support Activities for Air Transport

X

X

X



X

Cluster Analysis


Methodology

DCG Corplan

Economic development effort levels (LQ 1.5)

No action:

Employment is already generating an LQ



of 1.5 or higher


Achievable:

Fewer than 150 jobs necessary to achieve



1.5 LQ


Moderate:

Between 150 and 500 jobs necessary to




achieve 1.5 LQ


Significant:

Between 500 and 1,000 jobs necessary to



achieve 1.5 LQ


Major:


1,000 or more jobs necessary to achieve



1.5 LQ

Cluster Analysis


Methodology

DCG Corplan

Cluster Analysis


Methodology

NAICS 3364
subdivision

Broward
County

2006 LQ

Broward
County
2006
Employ.

Broward County
2006 1.5 LQ
Empl. Target

Critical
assessment

Cluster

Assignment

336411

-

Aircraft
Mfg.

0.06

52

1,361

Major
promotion
effort req’d.

AVIATION /
AEROSPACE

336412

-

Aircraft
Engine and Engine
Parts Mfg.

0.87

340

586

Moderate

Promotion
effort req’d.

AVIATION /
AEROSPACE

336413

-

Other
Aircraft Parts and
Auxiliary
Equipment Mfg.

0.75

399

803

Moderate

Promotion
effort req’d.

AVIATION /
AEROSPACE

488111

-

Air Traffic
Control

0.95

9

14

Achievable
through

promotion

AVIATION /
AEROSPACE

488119

-

Other
Airport Operations

2.28

866

Base Target
Achieved

No Action
req’d.

AVIATION /
AEROSPACE

488190

-

Other
Support Activities for
Air Transportation

1.61

791

Base Target
Achieved

No Action
req’d.

AVIATION /

AEROSPACE

DCG Corplan

Aviation/aerospace


Action: requires attention, but still a dominant industry.

Recommendation: Retain, but remove space vehicles and guided missile mfg.
industries.


Agriculture


Action: no new opportunities.

Recommendation: Withhold.


Automotive


Action: some potential opportunities.

Recommendation: Withhold, but re
-
assign some wholesale components to new
International trade and logistics cluster.


Business services

Action: requires immediate action.

Recommendation: Retain and rename Global Business Services; assign some
components to Headquarters & management operations, Int’l trade & logistics,
and create new Alternative energy cluster.

Cluster Summaries

DCG Corplan

Chemicals


Action: opportunity for promotion.

Recommendation: Retain, but rename Advanced materials & hi
-
tech mfg.


Computers & electronic equipment


Action: some stalling in further development.

Recommendation: Withhold, but separate into other clusters devoted to logistics,
life sciences, energy and marine industries.


Construction services & materials


Action: some weakening in the sector.

Recommendation: Withhold, but assign Architectural/engineering and specialized
design services to Alternative energy cluster, and wholesaling to International
trade and logistics cluster.


Consumer products


Action: reveals growth in key component industries

Recommendation: Withhold, but re
-
assign wholesaling components to Int’l trade
& logistics cluster.

Cluster Summaries

DCG Corplan

Consumer services


Action: continued dominance of the industry, but new growth requires action.

Recommendation: Withhold, but reassign some components to a new enhanced
tourism cluster and marine components to a new Marine cluster.


Education


Action: reveals how important this industry is to the market.

Recommendation: Retain, but rename Human resources and development &
higher education; assign flight education to the Aviation/aerospace cluster.


Energy & utilities


Action: require support to promote the cluster for growth.

Recommendation: Retain, but assign to Alternative energy; reassign wholesaling
components to Int’l trade & logistics cluster.


Environmental services


Action: possible weakening in remediation services component.
Recommendation: Retain, but re
-
group with Alternative energy cluster and
expand to include renewable resources.

Cluster Summaries

DCG Corplan

Financial services


Action: dominant role of this industry.

Recommendation: Retain, rename Global business services, and re
-
group with
key global components from Business services.


Food & beverages


Action: some strength in specific sectors.

Recommendation: Withhold, but re
-
assign wholesaling industries to Int’l trade &
logistics cluster.


Health care


Action: some weaknesses needing to be addressed.

Recommendation: Retain, but consider as a supplemental cluster target; re
-
assign non
-
patient care related industries into the Life sciences cluster.


HQ & Management operations

Action: indicates growth potential.

Recommendation: Retain, and absorb some key elements of Business services.

Cluster Summaries

DCG Corplan

Industrial manufacturing


Action: reveal positive movements in certain wholesaling sectors.

Recommendation: Withhold, but re
-
assign wholesale and repair industries to Int’l
trade & logistics cluster.


Information & media


Action: Real growth is seen in this cluster

Recommendation: Retain, and rename Global media & production.


Leisure & tourism


Action: may indicate softening in this key driver.

Recommendation: Retain, but consider as a supplemental target renamed as
Enhanced tourism; assign marina industries to Marine cluster.


Life sciences


Action: continues to advance the potential for growth.

Recommendation: Retain, but absorb non
-
patient care related scientific
components from health care.

Cluster Summaries

DCG Corplan

Metals & mining


Action: without much change in employment.

Recommendation: Withhold, but re
-
assign the wholesaling components to Int’l.
trade & logistics.


Not
-
for
-
profits


Action: reveals negative trends.

Recommendation: Withhold, but re
-
assign business organizations to HQ &
management operations cluster.


Real estate


Action: softening reflected by effects of the recession.

Recommendation: Withhold.


Retail


Action: decline a result of population decline.

Recommendation: Withhold, but assign wholesale industries to Int’l. trade &
logistics cluster.

Cluster Summaries

DCG Corplan

Telecommunications services & equipment


Action: jobs are shifted.

Recommendation: Withhold, but combine cable and Internet
-
based industries
with Information and media into newly formed Global media & production.


Transportation



Land & sea

Action: Recommendation: Retain, but combine with logistics components;
assign ship and boat industries to Marine cluster; and assign passenger cruise
transportation to a supplemental Enhanced tourism cluster.


Unclassified



Although change to premium is indicated for 2016 from 2006’s
Emerging location, no other data is available, and the cluster is omitted from
further consideration.

Cluster Summaries

DCG Corplan

10 New Target Industries

Principal targets

Advanced Materials & Hi
-
tech Mfg.

Alternative Energy & Renewable Resources

Aviation/Aerospace

Global Business Services

Global Media & Production


HQ & Management Operations

Human Resources Development & Higher Education

International Trade & Logistics

Life Sciences

Marine


Supplemental targets

Enhanced Tourism

Healthcare


Supplemental targets should only be
considered in reserve and will no longer
be featured in favor of promotion of the
principal targets

DCG Corplan

10 New Target Industries

Advanced Materials & Hi
-
Tech Mfg.



Plastics



Cement and Concrete



Chemicals wholesaling



Rubber


Alternative Energy & Renewable Resources



Electric Power Generation



Architectural, Engineering, & Related Services



Environmental services



Water Utility Systems


Aviation / Aerospace



Aerospace Product And Parts



Avionics



Air Transportation Support


DCG Corplan

10 New Target Industries

Global Business Services



Commercial Banking



Computer Systems Design



Insurance Carriers



Commercial credit


Global Media & Production



Radio and Television Broadcasting



Motion Picture & Video Industries



Advertising, Public Relations, & Related Services



Internet Service Providers & Web Search Portals



Cable & Other Subscription Programming


HQ & Management Operations



Corporate headquarters



Business, Professional, Labor, Political Organizations



HR & Management, Consulting Services



Commercial Equipment Leasing

DCG Corplan

10 New Target Industries

Human Resources Development & Higher Education



Colleges, Universities, and Professional Schools



Other Schools and Instruction



Business Schools & Computer & Management Training


Int’l Trade & Logistics



Professional & Commercial Equipment Wholesalers



Machinery, Equipment, & Supplies Wholesalers



Freight Transportation Arrangement



Miscellaneous Durable Goods Wholesalers



Electrical & Electronic Goods Wholesalers



Grocery & Related Product Wholesalers



Metal &Mineral Wholesalers



Logistics Consulting Services

DCG Corplan

10 New Target Industries

Life Sciences



Biotechnology research



Pharmaceuticals



Medical devices



Medical Equipment & Supplies


Marine



Ship & Boat Building



Electronics Repair and Maintenance

Target employment (2016):

73,203 total new jobs






55,044 new HS/HW jobs

DCG Corplan

Action Plan

DCG Corplan

Action Plan

Media Promotion


Direct mail campaigns



Print advertising



Field missions



Trade shows



Internet marketing



Cable Television “spots”

We

are

finalizing

the

scheduling

for


Inside

Business

Report”

with

Fred

Thompson

and

more

specifically,

our

segments

for

the

2010

series
.

We

are

considering

Broward

County

for

a

five

(
5
)

minute

segment

on

topics,

trends

and

issues

related

to

“Leaders

in

Economic

Development”

in

our

“Global

Economy”

series
.

-

Jack

Schwartz,

Inside

Business

DCG Corplan

Action Plan

Political Support


Qualified Target Industry Tax Refund Incentive (QTI)


up to $3,000 per new hire



20 cluster component industries qualify for QTI; 22
cluster component industries do not qualify for QTI



Allowance of $750 per new hire for marketing &
recruitment of non
-
QTI industries



Return on investment from sales tax from new hires
will average 3.2 years (adequate return)



New energy policy


Alternative Energy Credits

exchange

DCG Corplan

Action Plan

Timeline (5 to 7 years)


Year 1


mission statements, public visioning; marketing
materials reports prepared from DCG Corplan report; interactive
website developed



Year 2


dedicated outreach campaign; 10,000 mailing
pieces/year issued; major trade show attended; invited guests
to Broward County accommodated



Years 3
-
4


field missions, trade shows, continued mailing,
follow
-
ups



Years 5
-
7


Program evaluation, fine
-
tuning or major overhaul,
or end

DCG Corplan

DCG Corplan Consulting LLC

together with our team members

would like to thank the

Broward County
Board of County Commissioners, the
Broward County Department of
Economic and Small Business
Development, the Broward Alliance, and
Workforce One

for the their assistance
in preparation of this important study.