Monday – October 22, 2007

EMPLOYMENT FOR SEPTEMBER REMAINED STEADY – September’s unemployment rate for Volusia County remained steady at 4.3 percent. Unlike many other areas of Florida, Volusia County’s workforce continued to grow posting a modest gain of 1,100 new jobs for the 12-month period ending Sept. 30. While the county posted job gains in education and healthcare (1,100 new jobs) and in wholesale trades (200 new jobs), job losses in the hospitality industry (400 jobs), retail (200 jobs) and financial services (100 jobs) kept the rate of growth minimal. Meanwhile, the state continued its loss of 6,100 manufacturing jobs while local manufacturers managed to maintain their employment numbers at just under 11,000 jobs. Overall employment in Volusia County grew from 175,300 positions to 176,400 for the 12-month period ending Sept. 30.

UNDERSTANDING THE VALUE OF PRODUCT BRANDING –The DBCC’s Small Business Development Center will be hosting a workshop on "Unleashing the Potential of Your Brand" from 6 - 9 p.m., Wednesday, Nov. 24. The workshop will feature speaker Kevin Hancock, Image Makers Advertising, and will focus on branding and understanding the concept of brand equity and how you can measure its value. The event will be at DBCC’s Daytona Beach Campus in the University Center Auditorium, Building 150. Seating is limited. For additional information and to register for this workshop call 386/506-4723 or visit www.sbdc-dbcc.com.

NUMBER OF WOMEN-OWNED BUSINESS GROWING –There is a theory that women, especially mothers, have several advantages over men in the small-business world. They are better listeners, more active networkers, better motivators, better multi-taskers, more patient (thus better able to stick to long-term strategies), and they are more tenacious. The number of women-owned businesses has been increasing at twice the rate as new businesses in general for the last two decades. Today, there are 10.4 million women-owned businesses in the U.S. representing 40 percent of the total.

TWO AREA BUSINESSES MAKE FLORIDA TREND’S “YOUNG GUNS” – Two local companies representing young entrepreneurs were recognized by Florida Trend Magazine recently. They included Brad Riley and Tony King who started the Zerion Group, a company that helps customers select and use inventory software, and Jack White, developer of Wall Street Lofts. Congratulations to these up-and-coming Volusia County entrepreneurs.

COST COMPARISONS FOR NEW TREND IN GREEN CONSTRUCTION – Evidence is increasing that constructing buildings with environmentally friendly green features can be completed at a cost competitive with standard construction. According to the U.S. Green Building Council, a recent report comparing the costs of 221 buildings found many projects reached Leadership in Energy Efficient Design (LEED) goals in the same cost range as non-LEED projects. For more information on green construction, go to the USGBC research page at http://www.usgbc.org/DisplayPage.aspx?CMSPageID=78.

VOLUSIA COUNTY’S POPULATION STILL INCREASING – According to the latest population data from the State of Florida, Volusia County population gained 9,195 residents during the 12-month period ending Sept. 30. This 1.9-percent increase moved the county’s population from 494,649 in Sept. 2006 to the current level of 503,844. The vast majority of these new residents are the result of in-migration from other areas of the state. More than 20 percent of these individuals are coming from Seminole and Orange counties with an increasing number from southeast Florida. Volusia County’s 1.9-percent slower rate of growth trailed the Florida state average of 2.4 percent during this period.

LOCAL AVERAGE WAGE CONTINUES TO GROW – The County’s average annual wage for workers of all trades and professions continued to improve for the 12-month period ending Sept. 30. The county’s average annual wage grew at a rate of 4.2 percent or by $1,272 from $29,940 in Sept. 2006 to its current average of $31,212.

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

Richard Michael
Director

doed@volusia.org