Monday – February 11, 2008

ECONOMIC DEVELOPMENT BRIEFING – On Feb. 6, the Volusia County Department of Economic Development hosted the first of four quarterly briefings presenting statistics it compiles on the county’s labor force, wages, unemployment figures and real estate permit activity. Approximately 40 professionals from manufacturing, banking, real estate, education and government were welcomed for breakfast by County Chair Frank Bruno. Chair Bruno stressed the importance of monitoring the economic indicators and trends that affect the region.

TRADE MISSION FOR WOMEN-OWNED BUSINESSES – The US Commercial Service in the United Kingdom and Italy, in association the National Association of Women Business Owners (NAWBO) will be hosting a Trade Mission to London and Milan April 12 - 18. This mission will offer market exposure and business opportunities for women-owned U.S. companies to meet prospective representatives, distributors and partners. Companies from all sectors are encouraged to apply. For more information, go to http://www.nawbo.org/content_902.cfm or contact Nyamusi Igambi, U.S. Commercial Service Houston, (281) 449-9423 or nyamusi.igambi@mail.doc.gov.

HOW’S BUSINESS? – There’s more good news from the Volusia Manufacturers Association. Hudson Technologies is looking for growth of 15 - 20 percent in 2008 and will be adding staff. AIP recently completed a 50-percent plant expansion and had the best year in its 24 years of operation. Microflex had a very good 2007 and is looking for a better 2008 with increasing sales. And, Miller Leaman reports 2007 as a record year. Let us know how you business is doing and how the Volusia County Department of Economic Development can help with training, exporting and financing. Call Paul Mitchell at (386) 248-8048.

GREEN ROOFS SAVE MONEY! – Take advantage of a green roof system – roofs that have plants growing in a layer of soil. Installations cut capital expenditures on roof repair, significantly reduce cooling costs and reduce stormwater runoff. Green roofs can double or even triple the life of roof membranes. The temperature of a green roof is about 10 degrees Fahrenheit cooler on a sunny day, and as much as 50 to 60 Fahrenheit degrees cooler than nearby black rubber surface roofs, and can reduce energy demand by up to 75 percent. A green roof also leads to improved air quality. Find more information at www.greengridroofs.com.

DOLLARS & SENSE – Daytona Beach College is hosting a seminar on record-keeping essentials at the DeLand campus from 6 - 9 pm. Tuesday, Feb.19. Taught by accounting professionals, this workshop includes records management, financial statements, improving cash flow and selecting an accountant. Call (386) 506-4723 to register.

FOURTH QUARTER BUILDING PERMIT DATA AVAILABLE – The Volusia County Department of Economic Development has released data collected from the city and county permitting offices for the fourth quarter of 2007. The total value of commercial permits for 2007 was $334,547,163 compared to $341,459.048 in 2006, $231,071,826 in 2005 and $255,503,253 in 2004. Residential activity declined in 2007, with 1,938 residential permits issued compared to 3,463 permits in 2006. However, the average residential permit value increased in 2007 to $255,834 per unit compared to $223,721 in 2006 and $188,619 in 2005. The complete report will be available at www.floridabusiness.org.

FLORIDA VENTURE CAPITAL INCREASES – According to a recently released study by the "Money Tree Report," venture capital firms invested $608 million in 63 Florida companies in 2007. These investments are almost double the $319 million that was invested in Florida during 2006.

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