July 19, 2010

EMBRY-RIDDLE HOSTS TECHNOLOGY FORUM -- Embry-Riddle Aeronautical University last week hosted a technology forum at its Daytona Beach campus. The event featured 18 representatives from major aerospace research companies, manufacturers and other industry representatives who came together to review the progress of the Florida NextGen Testbed, a project governed by the FAA and managed by Embry-Riddle. NextGen’s purpose is to provide research, integration and testing of concepts to modernize the national airspace system. Congressman John Mica spent the day with these industry representatives and hosted a roundtable discussion with the participants. Volusia County Economic Development met with the participants regarding development of the ERAU Research Park and creation of a technology hub at Daytona Beach International Airport. For information on the ERAU NextGen Testbed go to:tinyurl.com/ERAUNextGen.

MANUFACTURING SPACE NEEDED -- A medical device manufacturer, considering Volusia County for relocation, is interested in leasing an existing building of 50,000 square feet that has expansion potential to 80,000 square feet. The Volusia County Economic Development Division has identified some possible sites but please contact Rob Ehrhardt at 386-248-8048 or by email at: Rehrhardt@co.volusia.fl.us if you know of pre-existing facilities that could be considered.

FEDERAL RESERVE CREDIT TREND DATA AVAILABLE – The U.S. Federal Reserve System's economic research web site offers updated interactive maps on mortgage, student and auto loan delinquency. The maps display state and county level information and are aimed at increasing the understanding of national credit conditions. To access the site go to: federalreserve.gov/econresdata/default.htm and click on the Dynamic Maps icon. Once there, you can query individual counties by using the county search tool.

HOUSEHOLD NET WORTH INCREASING --The estimated net worth of the American household rose again during the first quarter of this year. This marks the fourth quarter in a row that total household wealth increased following seven consecutive quarters of decline. Total household net worth now stands at $54.6 trillion, an increase of $1.1 trillion.

DEFENSE, SECURITY EXHIBITION SET FOR GREECE IN OCTOBER -- Defensys 2010, a defense and security exhibition, will be held from October 28 - 31 in Thessaloniki, Greece, home of a number of NATO and U.S. units. At least 95 countries are expected to attend to see the latest in military products and technology. Enterprise Florida is encouraging Florida manufacturers to participate in the Florida pavilion. In 2009, two local companies, Raydon and GermFree Laboratories, participated with excellent results. Grants to subsidize participation may be available through Volusia
County Economic Development. For more information, contact Paul Mitchell at 386-248-8048 or email him at: pmitchell@co.volusia.fl.us

STARTUP COMPANY TAX ISSUES – A seminar focused on tax issues for startup companies provides legal and financial perspective on many of the tax issues facing startup and development companies including federal and state income taxes, property taxes, and sales and use taxes. It will be held July 28 from 3 p.m. to 4:30 p.m. at UCF in Orlando. For more information and to register, contact Renee Ayala at 407-882-0202 or by email at: rayala@mail.ucf.edu.

SOURCING PROGRAM FOCUSES ON EXPORT MATCHMAKING -- The Florida First Sourcing Program, a trade promotion initiative of Enterprise Florida, connects Florida traders with Florida producers by helping exporters find local, in-state suppliers. It expands opportunities for Florida suppliers by encouraging traders and purchasing agents to source products for export to international markets from local providers. For details go to: tinyurl.com/2wkj793.

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

Phil Ehlinger
Director

doed@volusia.org