Latest Information & Events

On the Economic Scene

SOCIAL MEDIA 101 – The Small Business Development Center at Daytona State College (DSC) will present a workshop on social media basics, Social Media 101, on March 7, 2019, from 9:00 -11:00 a.m. This is a crash course in today’s social media landscape, overviewing the essentials of the main platforms, purposes of each, typical user demographics, and other information designed to give attendees a solid grasp of the social media options available to them. This free workshop will be held at 1200 W. International Speedway Blvd., Daytona State College, Building 150, Rm. 305. Pre-registration is required as seating is limited to 30 attendees. To register, contact Tracy Martin at 386-506-4723 or go to https://tinyurl.com/yymhgswd.

SPACE FOUNDATION BUSINESS WORKSHOP On February 26, 2019, Embry-Riddle Aeronautical University will host a Space Foundation Workshop at their Daytona Beach campus. Partnering with the Minority Business Development Agency (MBDA), the Space Foundation is hosting one-day workshops for minority business leaders and other aspiring space industry entrepreneurs around the country. Each workshop session will address the most common challenges companies face as they enter this dynamic marketplace. Register today to learn more about doing business in the rapidly growing commercial space industry. Register by going to http://tinyurl.com/yyn37kvc/.

INCREASE YOUR EXPORT SALES Enterprise Florida (EFI) can now help your company increase export sales through international product registrations and markings. The International Registration Grants program was just launched to help small to medium-sized manufacturers offset the costs of obtaining international product registrations, certifications or markings that may be required to do business overseas. Qualified applicants will be reimbursed 50 percent of the international registration/certification application fee, up to a maximum of $10,000. To learn more, contact Virgil Kimball at Vkimball@volusia.org or visit http://tinyurl.com/y6mfk2jd.

HEALTHCARE ACADEMY – The Healthcare Academy at Pine Ridge High School provides training for students interested in three career areas including athletic training and advanced sciences, first responder and fire rescue services. Students are rigorously prepared through integrated projects in core and CTE courses and through the Academy's unique partnership with Florida Hospital. For more information, please contact Academy Director, Renae Lee at RALee1@volusia.k12.fl.us.

ALICE PROJECT REPORT The United Way ALICE Project provides a framework, language, and tools to measure and understand the struggles of a population called ALICE — an acronym for Asset Limited, Income Constrained, Employed. ALICE is the growing number of households in our communities that do not earn enough to afford basic necessities. This research initiative partners with state United Way organizations to present data that can stimulate meaningful discussion, attract new partners, and ultimately inform strategies for positive change. To access the 2018 report, ALICE: A Study of Financial Hardship in Florida, visit the United Way Volusia-Flagler website at https://www.unitedwayvfc.org/alice.

WINDOWS 7 SUPPORT ENDING IN EARLY 2020 Windows 7, as well as Windows Server 2008 and Windows Server 2008 R2, will no longer be supported by Microsoft after January 14, 2020. This means there will be no further software updates or security patches, and continuing to use the operating system could place you out of compliance with industry standards. Microsoft customer service will also no longer be available for Windows 7. Cyber attackers often target unsupported operating systems - specifically because they no longer receive software updates or patches to fix flaws and vulnerabilities.

COST OF LIVING INDEX As reported, a survey of businesses on the pricing of their goods and services has resulted in a report to the nonprofit Council for Community and Economic Research, based in Arlington, Virginia. The Council compiles information on groceries, housing, utilities, transportation, health care, and miscellaneous goods and services, which are all weighted differently, and provides that data to its member communities for city-by-city comparisons through its cost of living index. On the index, 100 is the average of the prices reported for all consumer goods and services in the participating areas. In Florida, Tampa Bay, Daytona Beach and Jacksonville had the lowest costs of living last year, while Fort Lauderdale had the highest. Nationally, Raleigh, N.C. had the next-lowest costs of living, while Denver was the most expensive place to live.

THE FLORIDA SCORECARD At a recent Florida Chamber Foundation 2019 Economic Outlook & Jobs Summit, it was predicted Florida will create 150,000 new jobs in 2019 - with low chances of a recession. To track the job prediction, the website www.TheFloridaScorecard.org measures Florida’s leading index- the expected number of jobs that will be created in Florida over the next six months and tracks Florida’s probability of recession- currently a 20.6 percent chance over the next nine months. Florida’s targeted industries are also expected to grow, with healthcare and manufacturing remaining strong, and construction expected to see the largest bump in percentage growth.

What We Do

The Volusia County Division of Economic Development assists business owners and works collaboratively with local stakeholders. We provide assistance at no cost to businesses with the desire and potential for growth within Volusia County.

The Division can help start-ups, second-stage, or maturing businesses directly or refer owners to other qualified organizations. Our economic development ‘ecosystem’ is focused on creating higher value, higher wage jobs.

While other community partners focus on recruiting new businesses to our county, the Economic Development Division assists existing Volusia County firms and entrepreneurs who are positioning themselves for new growth.  Incrementally growing the 13,935 established businesses already in our county offers the potential for significant economic growth and long term economic health.

In 2017, Gross Domestic Product (GDP) of the Deltona-Daytona Beach-Ormond Beach MSA, which encompasses Volusia County, was $15 billion. Our rapidly growing economy, now in the top 40% of all MSA's nationally, is driven by thousands of local enterprises that produce a variety of goods and services, creating jobs and stimulating even greater investment. Area companies not only support local commerce but also transact business throughout the world generating up to $437 million in exports, annually.