INDUSTRIAL REVENUE BONDS ISSUED TO NEW MANUFACTURING PROJECT –
The Volusia County Industrial Development Authority approved a
resolution for $6.5 million in industrial revenue bonds on behalf of NSI
Intellitec Products, a manufacturer of specialty vehicle electronics.
The IRB will be used to construct a new manufacturing plant at the
county’s industrial park at DeLand Crossings along I-4 near DeLand. NSI
plans to begin construction of the company’s new facility in the near
future. In other business, the IDA also approved bonds on behalf of the
West Volusia YMCA in the amount of $9 million to facilitate the
construction of a new YMCA in the City of DeBary and expansions to the
existing facilities in DeLand and Deltona.
PRESENTATIONS DESIGNED TO DISCUSS AVAILABLE CAPITAL, MERGERS AND
ACQUISITIONS - Florida Capital Bank and McColl Partners will be
hosting a breakfast and luncheon presentation focusing on the current
capital markets and mergers and acquisitions. Two presentations are
scheduled at 8 a.m. and noon, Wednesday, August 22, at the new Florida
Capital Bank, 1305 Beville Rd., Daytona Beach. The presentations are
designed for companies experiencing annual sales in excess of $20
million. The presentations will highlight the record levels of available
capital, mergers and acquisition activity in the market; those key
industries that are "in favor" and discuss strategic alternatives for
privately held companies. McColl Partners was founded by Hugh McColl,
former chairman of Bank of America. McColl Partners has developed unique
investment banking expertise working with family/entrepreneur-owned
businesses and closely held public companies. If you would like to
attend either session, e-mail Carole Almond at calmond@flcb.com or call
(386) 671-7166.
NASA MANUFACTURING OPPORTUNITIES - A special forum designed to
show small companies how to take advantage of manufacturing
opportunities set aside by commercial entities and NASA in the NASA
Constellation Program, will be August 23 at the Courtyard by Marriott in
Cocoa Beach from 8:30 a.m. - 3:30 p.m. with networking to follow. The
fee, which includes breakfast and lunch, is $25. Register by August 15
at http://www.SpaceCoastEDC.org.
BEST MARKETS FOR WOMEN IN BUSINESS - The Deltona/Daytona Beach
Metropolitan Area ranked 50th in the top 100 areas in the United States
for women-owned businesses by a BizJournal study. Based on 2002 Census
data, the Volusia County market had 10,202 women-owned businesses
generating annual sales revenues of over $1.378 billion. Forty-four
percent of the management and professional jobs were held by women.
Among Florida metro areas only Miami/Fort Lauderdale (#16), Orlando
(#37) and Lakeland (#41) ranked higher. The Volusia County market
outperformed Cape Coral/Fort Myers ranked 60th, Jacksonville ranked
67th, and the Palm Bay/Melbourne area, which ranked 96th.
AREA MANUFACTURERS INVITED TO PARTICIPATE IN TRADE SHOW - Local
manufacturers are invited to participate along the County’s Department
of Economic Development in the 2007 Assembly New England Trade Show,
October 30 - 31 at the Boston Convention Center. This new 500-exhibitor
event will deliver a combined audience of nearly 7,500 design and
manufacturing professionals looking for new suppliers, ideas,
innovations and solutions. Participation with the county’s economic
development team provides free entry and display space for local
manufacturers. Space is limited. For more information contact Phil
Ehlinger, business manager at (386) 248-8048.
FORUM ON LEAN MANUFACTURING SCHEDULED - The Manufacturing
Operation Division of the Volusia Manufacturers Association (VMA) is
hosting a lean manufacturing seminar August. 21. Speaker Chris Harris,
MBA, of Harris Lean Systems Inc., will present on the topic of “Creating
Continuous Flow: it’s not just about moving machines close together.”
Engineers and manufacturing professionals who would like to learn how to
significantly reduce production cycle time should register by noon
August 14. Call Jayne Fifer at (386) 673-0505 for additional details.
DAVINCI PARTNERSHIP RECEIVES ITS FIRST APPLICATIONS – The Da
Vinci Partnership, an economic development initiative between Volusia
County and Embry-Riddle Aeronautical University, has received its first
requests for Small Business Innovation Research (SBIR) proposals from
two local electronics manufacturers and medical device start-up. The
Partnership provides technical assistance for developing SBIR proposals
designed to generate federal funding to support commercialization of new
technologies. To learn more about this partnership, contact Paul
Mitchell, business specialist, at (386) 274-3439.
NEWS ITEMS WANTED! – Please send your business news items to Dave
Byron, Volusia County Community Information Director, 123 W. Indiana
Ave., DeLand, 32720-4612, by fax at (386) 822-5072 or by e-mail at
dbyron@co.volusia.fl.us
Department of Economic Development
700 Catalina Drive, Suite 200,
Daytona Beach, FL 32114
Telephone:
386-248-8048
FAX: 386 238-4761 Toll Free: 800-554-3801
