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Orlando Economic Development Commission
The Orlando Economic Development Commission plays a vital role in shaping the economy of Orlando, Florida. The commission is responsible for attracting new businesses to the city, as well as supporting the growth of existing businesses. In recent years, the commission has been instrumental in the development of several major projects, including the construction of the new Orlando City Soccer Stadium and the expansion of the Orange County Convention Center.
- Business Development
- Job Creation
- Economic Growth
- Investment Attraction
- Workforce Development
- Community Engagement
- Collaboration
- Innovation
- Sustainability
- Global Competitiveness
These are just a few of the key aspects of the Orlando Economic Development Commission. The commission’s work is essential to the continued growth and prosperity of Orlando. Through its focus on business development, job creation, and economic growth, the commission is helping to make Orlando a more vibrant and prosperous city.
Business Development
Business development is the process of identifying, evaluating, and executing new opportunities for growth within an organization. It is a critical component of the Orlando Economic Development Commission’s (OEDC) mission to promote economic growth in the city of Orlando.
The OEDC’s business development efforts are focused on attracting new businesses to Orlando, as well as supporting the growth of existing businesses. The commission works with a variety of partners, including local businesses, government agencies, and educational institutions, to create a supportive environment for business growth.
One of the OEDC’s key business development initiatives is the Orlando Economic Development Incentive Program. This program provides financial incentives to businesses that create new jobs or invest in capital projects in Orlando. The program has been successful in attracting a number of new businesses to the city, including Amazon, Lockheed Martin, and Siemens.
The OEDC also provides a variety of other business development services, such as:
- Site selection assistance
- Business planning and development
- Access to capital
- Workforce training
- Market research
These services help businesses to overcome the challenges of starting and growing a business in Orlando.
The OEDC’s business development efforts have had a significant impact on the economy of Orlando. The city has seen a steady increase in new business formation and job creation in recent years. The OEDC’s work has also helped to improve the city’s infrastructure and quality of life, making it a more attractive place to live and work.
Key Insights:
- Business development is a critical component of economic growth.
- The OEDC plays a vital role in business development in Orlando.
- The OEDC’s business development efforts have had a significant impact on the economy of Orlando.
Job Creation
The Orlando Economic Development Commission (OEDC) places job creation at the forefront of its economic development strategies. Recognizing the critical role that employment plays in the well-being of the community, the OEDC actively pursues initiatives that foster job creation and economic growth.
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Business Attraction and Expansion
The OEDC attracts new businesses to Orlando and supports the expansion of existing businesses through incentives, site selection assistance, and workforce training programs. By creating a favorable business environment, the OEDC stimulates job creation and economic growth.
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Workforce Development
The OEDC invests in workforce development programs that prepare Orlando’s workforce with the skills and training needed by local businesses. Through partnerships with educational institutions and training providers, the OEDC ensures that Orlando’s workforce is equipped to meet the demands of a growing economy.
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Entrepreneurship and Innovation
The OEDC supports entrepreneurship and innovation through initiatives that provide access to capital, mentorship, and business development resources. By fostering a culture of innovation and creativity, the OEDC encourages the creation of new businesses and the development of new products and services, leading to job creation and economic growth.
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Collaboration and Partnerships
The OEDC collaborates with a wide range of partners, including businesses, government agencies, and educational institutions, to align efforts and maximize impact in job creation. By working together, these entities leverage resources and expertise to create a comprehensive and supportive ecosystem for business growth.
The OEDC’s unwavering commitment to job creation has resulted in significant economic growth for Orlando. The city has experienced a steady increase in new business formation and job creation in recent years. The OEDC’s efforts have played a vital role in making Orlando a thriving and prosperous city.
Economic Growth
Economic growth is a key component of the Orlando Economic Development Commission’s (OEDC) mission to promote economic growth in the city of Orlando. The OEDC recognizes that economic growth is essential for improving the quality of life for all Orlando residents. When the economy is growing, there are more jobs, higher wages, and more opportunities for businesses to succeed. This leads to a more vibrant and prosperous city.
The OEDC plays a vital role in promoting economic growth in Orlando through its focus on business development, job creation, and workforce development. The commission’s efforts have helped to attract new businesses to Orlando, create new jobs, and improve the skills of the city’s workforce. This has led to a significant increase in economic growth in recent years.
One of the most important ways that the OEDC promotes economic growth is by attracting new businesses to Orlando. The commission works with a variety of partners, including local businesses, government agencies, and educational institutions, to create a supportive environment for business growth. The OEDC also provides financial incentives to businesses that create new jobs or invest in capital projects in Orlando.
The OEDC also plays a vital role in job creation in Orlando. The commission works with businesses to identify their workforce needs and develop training programs to meet those needs. The OEDC also provides financial assistance to businesses that create new jobs.
In addition to business development and job creation, the OEDC also focuses on workforce development. The commission works with educational institutions to develop training programs that prepare Orlando’s workforce with the skills needed by local businesses. The OEDC also provides financial assistance to individuals who are seeking training or education.
The OEDC’s efforts have had a significant impact on the economy of Orlando. The city has seen a steady increase in new business formation and job creation in recent years. The OEDC’s work has also helped to improve the city’s infrastructure and quality of life, making it a more attractive place to live and work.
Key Insights:
- Economic growth is essential for improving the quality of life for all Orlando residents.
- The OEDC plays a vital role in promoting economic growth in Orlando through its focus on business development, job creation, and workforce development.
- The OEDC’s efforts have had a significant impact on the economy of Orlando.
Investment Attraction
Investment attraction is a critical component of the Orlando Economic Development Commission’s (OEDC) strategy to promote economic growth in the city of Orlando. The OEDC works to attract new businesses to Orlando, as well as support the expansion of existing businesses. The commission offers a variety of incentives to businesses that invest in Orlando, including tax breaks, job training grants, and site selection assistance.
Investment attraction is important for Orlando’s economy because it creates jobs, generates revenue, and improves the city’s infrastructure. When businesses invest in Orlando, they create new jobs for Orlando residents. These jobs provide income and benefits to employees, which helps to boost the local economy. In addition, businesses that invest in Orlando often pay taxes, which helps to generate revenue for the city. This revenue can be used to fund important public services, such as education, transportation, and public safety.
The OEDC has been successful in attracting a number of new businesses to Orlando in recent years. Some of the most notable examples include Amazon, Lockheed Martin, and Siemens. These companies have invested billions of dollars in Orlando and have created thousands of new jobs. The OEDC’s efforts have helped to make Orlando a more attractive place for businesses to invest.
Investment attraction is a complex and challenging process, but it is essential for Orlando’s economic growth. The OEDC is committed to continuing its efforts to attract new businesses to Orlando and support the expansion of existing businesses. The commission’s work is helping to make Orlando a more prosperous and vibrant city.
Key Insights:
- Investment attraction is a critical component of the Orlando Economic Development Commission’s strategy to promote economic growth in the city of Orlando.
- Investment attraction creates jobs, generates revenue, and improves the city’s infrastructure.
- The OEDC has been successful in attracting a number of new businesses to Orlando in recent years.
Workforce Development
Workforce development is a critical component of the Orlando Economic Development Commission’s (OEDC) strategy to promote economic growth in the city of Orlando. The OEDC recognizes that a skilled and talented workforce is essential for attracting new businesses to Orlando and supporting the growth of existing businesses. The commission invests in workforce development programs that prepare Orlando’s workforce with the skills needed by local businesses.
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Education and Training
The OEDC works with educational institutions to develop training programs that prepare Orlando’s workforce with the skills needed by local businesses. The commission also provides financial assistance to individuals who are seeking training or education.
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Job Training
The OEDC works with businesses to identify their workforce needs and develop training programs to meet those needs. The commission also provides financial assistance to businesses that create new jobs.
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Apprenticeships
The OEDC promotes apprenticeships as a way for individuals to learn a trade and gain valuable work experience. The commission works with businesses and educational institutions to develop apprenticeship programs.
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Career Counseling
The OEDC provides career counseling services to help individuals identify their career goals and develop a plan to achieve them. The commission also provides information on job training and educational programs.
The OEDC’s workforce development efforts have had a significant impact on the economy of Orlando. The city has seen a steady increase in new business formation and job creation in recent years. The OEDC’s work has also helped to improve the skills of Orlando’s workforce, making the city a more attractive place for businesses to invest.
Community Engagement
Community engagement is an essential component of the Orlando Economic Development Commission’s (OEDC) strategy to promote economic growth in the city of Orlando. The OEDC believes that engaged residents are more likely to be invested in their community and to support economic development initiatives. The commission works to engage residents in a variety of ways, including:
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Community meetings
The OEDC holds regular community meetings to discuss economic development plans and initiatives with residents. These meetings provide an opportunity for residents to learn about the OEDC’s work and to provide feedback.
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Community surveys
The OEDC conducts regular community surveys to gauge residents’ opinions on economic development issues. These surveys help the OEDC to better understand the needs of the community and to tailor its programs and initiatives accordingly.
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Community partnerships
The OEDC partners with a variety of community organizations to implement economic development initiatives. These partnerships help the OEDC to reach a wider audience and to leverage the resources of other organizations.
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Social media
The OEDC uses social media to engage with residents and to promote economic development initiatives. The commission’s social media presence allows it to reach a large audience and to connect with residents in a more personal way.
The OEDC’s community engagement efforts have helped to create a more engaged and supportive community. Residents are more aware of the OEDC’s work and are more likely to support economic development initiatives. This has led to a more vibrant and prosperous Orlando.
Collaboration
Collaboration is essential to the success of the Orlando Economic Development Commission (OEDC). The OEDC works with a variety of partners, including businesses, government agencies, and educational institutions, to promote economic growth in Orlando. This collaboration allows the OEDC to leverage the resources and expertise of these partners to achieve its goals.
One example of the OEDC’s successful collaboration is the Orlando Economic Development Partnership. This partnership is a public-private partnership that brings together businesses, government agencies, and educational institutions to promote economic development in Orlando. The partnership has been successful in attracting new businesses to Orlando and creating new jobs.
Another example of the OEDC’s collaboration is the Orlando Tech Council. This council is a non-profit organization that brings together technology companies and other stakeholders to promote the growth of the technology industry in Orlando. The council has been successful in attracting new tech companies to Orlando and creating new jobs.
The OEDC’s collaboration with these and other partners has been essential to its success in promoting economic growth in Orlando. By working together, the OEDC and its partners have been able to achieve more than they could have on their own.
Here are some of the benefits of collaboration for the OEDC:
- Increased access to resources and expertise
- Improved coordination and communication
- Reduced duplication of effort
- Increased innovation
- Greater impact
The OEDC’s commitment to collaboration is essential to its success in promoting economic growth in Orlando. By working together with its partners, the OEDC is able to achieve more than it could on its own.
Innovation
Innovation is a key driver of economic growth. It leads to the creation of new products and services, new businesses, and new jobs. The Orlando Economic Development Commission (OEDC) recognizes the importance of innovation and is committed to supporting innovation in the Orlando area.
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New Product and Service Development
Innovation can lead to the creation of new products and services that meet the needs of consumers. For example, the OEDC supported the development of a new medical device that helps to diagnose and treat cancer. This device has the potential to save lives and improve the quality of life for cancer patients.
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New Business Creation
Innovation can also lead to the creation of new businesses. For example, the OEDC supported the launch of a new technology company that is developing a new way to deliver online education. This company has the potential to revolutionize the way that people learn.
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New Job Creation
Innovation can also lead to the creation of new jobs. For example, the OEDC supported the expansion of a local manufacturing company that is developing a new type of solar panel. This expansion has created new jobs and helped to boost the local economy.
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Economic Growth
Innovation can also lead to economic growth. For example, the OEDC supported the development of a new tourism attraction that is expected to attract millions of visitors to Orlando. This attraction will create new jobs and boost the local economy.
The OEDC is committed to supporting innovation in the Orlando area. The commission provides a variety of resources and programs to help businesses innovate, including:
- Financial assistance
- Technical assistance
- Mentoring
- Networking opportunities
The OEDC’s support for innovation is helping to create a more vibrant and prosperous Orlando.
Sustainability
Sustainability is a key consideration for the Orlando Economic Development Commission (OEDC). The OEDC recognizes that economic growth must be sustainable in order to be truly beneficial to the community. The commission works to promote sustainable economic development through a variety of initiatives, including:
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Environmental sustainability
The OEDC promotes environmental sustainability by encouraging businesses to adopt green practices and by supporting the development of renewable energy sources. For example, the OEDC partnered with the city of Orlando to develop a solar energy program that has helped to reduce the city’s carbon footprint.
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Social sustainability
The OEDC promotes social sustainability by supporting businesses that create good jobs and by investing in affordable housing and education. For example, the OEDC partnered with the Orange County Public Schools to develop a program that provides scholarships to students who are pursuing careers in STEM fields.
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Economic sustainability
The OEDC promotes economic sustainability by supporting businesses that are innovative and competitive. For example, the OEDC partnered with the University of Central Florida to develop a business incubator that provides support to startups and small businesses.
The OEDC’s commitment to sustainability is helping to create a more vibrant and prosperous Orlando. By promoting sustainable economic development, the OEDC is helping to ensure that Orlando is a great place to live, work, and play for generations to come.
Global Competitiveness
In today’s globalized economy, it is more important than ever for cities to be competitive on a global scale. Global competitiveness refers to a city’s ability to attract and retain businesses, investment, and talent from around the world. The Orlando Economic Development Commission (OEDC) recognizes the importance of global competitiveness and is committed to making Orlando a more competitive city.
There are a number of factors that contribute to a city’s global competitiveness, including:
- A strong economy
- A skilled workforce
- A welcoming business environment
- A high quality of life
- A strong infrastructure
The OEDC works to improve Orlando’s global competitiveness in a number of ways. For example, the OEDC:
- Attracts new businesses to Orlando by providing financial incentives and other forms of support.
- Supports the growth of existing businesses by providing access to capital, training, and other resources.
- Works to improve the skills of Orlando’s workforce by partnering with educational institutions and businesses.
- Creates a welcoming business environment by streamlining regulations and providing other forms of support to businesses.
- Invests in infrastructure projects that make Orlando a more attractive place to live, work, and visit.
The OEDC’s efforts are paying off. Orlando has been ranked as one of the most competitive cities in the United States by a number of different organizations. In 2020, Orlando was ranked as the 15th most competitive city in the U.S. by the Milken Institute. Orlando was also ranked as the 11th best city for business in the U.S. by Forbes in 2021.Orlando’s global competitiveness is essential to the city’s economic success. By attracting and retaining businesses, investment, and talent from around the world, the OEDC is helping to create a more prosperous and vibrant Orlando.
Frequently Asked Questions about Orlando Economic Development Commission
This section provides answers to frequently asked questions about the Orlando Economic Development Commission (OEDC) to clarify common misconceptions and concerns.
Question 1: What is the mission of the Orlando Economic Development Commission?
Answer: The mission of the OEDC is to promote economic growth and prosperity in the city of Orlando, Florida, by attracting new businesses, supporting the growth of existing businesses, and investing in workforce development and community engagement.
Question 2: What are the key services offered by the OEDC?
Answer: The OEDC offers a wide range of services to businesses, including site selection assistance, financial incentives, workforce training, and market research. The OEDC also provides support to community organizations and educational institutions.
Question 3: What is the OEDC’s track record of success?
Answer: The OEDC has a strong track record of success in attracting new businesses to Orlando and supporting the growth of existing businesses. In recent years, the OEDC has helped to create thousands of new jobs and generate billions of dollars in new investment for the city of Orlando.
Question 4: How can my business benefit from working with the OEDC?
Answer: The OEDC can provide your business with a variety of benefits, including financial incentives, site selection assistance, workforce training, and market research. The OEDC can also help your business connect with other businesses and organizations in the Orlando area.
Question 5: How can I get involved with the OEDC?
Answer: There are a number of ways to get involved with the OEDC. You can attend OEDC events, join an OEDC committee, or volunteer your time to support OEDC initiatives.
Question 6: Where can I learn more about the OEDC?
Answer: You can learn more about the OEDC by visiting the OEDC website or by contacting the OEDC directly.
In summary, the Orlando Economic Development Commission is a valuable resource for businesses and community organizations in Orlando. The OEDC provides a wide range of services to support economic growth and prosperity in the city of Orlando.
Transitioning to the next article section:
Tips from the Orlando Economic Development Commission
The Orlando Economic Development Commission (OEDC) is a valuable resource for businesses and community organizations in Orlando. The OEDC provides a wide range of services to support economic growth and prosperity in the city of Orlando.
Here are some of the important tips from Orlando Economic Development Commission to help your business thrive:
Tip 1: Take advantage of the OEDC’s financial incentives.The OEDC offers a variety of financial incentives to businesses that locate or expand in Orlando. These incentives can help you save money on your operating costs and make your business more profitable.
Example: The OEDC’s Economic Development Incentive Program provides financial assistance to businesses that create new jobs or invest in capital projects in Orlando.Tip 2: Utilize the OEDC’s workforce training programs.The OEDC offers a variety of workforce training programs to help businesses develop the skilled workforce they need. These programs can help you train your employees on the latest technologies and skills.
Example: The OEDC’s Workforce Development Program provides training grants to businesses that invest in training their employees.Tip 3: Get involved with the OEDC’s business networking events.The OEDC hosts a variety of business networking events throughout the year. These events provide an opportunity to meet other businesses and learn about new opportunities in Orlando.
Example: The OEDC’s Annual Business Expo brings together businesses from all over Orlando to network and learn about new products and services.Tip 4: Make use of the OEDC’s market research services.The OEDC provides market research services to help businesses understand the Orlando market. These services can help you make informed decisions about your business strategy.
Example: The OEDC’s Market Research Division provides data on demographics, consumer trends, and business conditions in Orlando.Tip 5: Connect with the OEDC’s community partners.The OEDC works with a variety of community partners, including educational institutions, government agencies, and non-profit organizations. These partners can provide you with additional resources and support to help your business succeed.
Example: The OEDC’s partnership with the University of Central Florida provides access to cutting-edge research and technology.By following these tips, you can take advantage of the many resources and services that the Orlando Economic Development Commission has to offer. The OEDC is committed to helping businesses succeed in Orlando.
Summary of key takeaways or benefits:
- The OEDC can help you save money on your operating costs.
- The OEDC can help you develop the skilled workforce you need.
- The OEDC can help you connect with other businesses and learn about new opportunities in Orlando.
- The OEDC can help you make informed decisions about your business strategy.
- The OEDC can provide you with additional resources and support to help your business succeed.
Conclusion:
The Orlando Economic Development Commission is a valuable resource for businesses and community organizations in Orlando. By taking advantage of the OEDC’s services and resources, you can help your business thrive in Orlando.
Conclusion
The Orlando Economic Development Commission plays a vital role in promoting economic growth and prosperity in Orlando, Florida. The OEDC offers a wide range of services and programs to support businesses, entrepreneurs, and community organizations. With its commitment to innovation, collaboration, and sustainability, the OEDC is helping to build a stronger and more vibrant Orlando for all.
If you are a business or organization looking to grow and succeed in Orlando, the OEDC is a valuable resource. The OEDC’s team of experts can help you navigate the city’s business landscape, connect with other businesses and organizations, and access the resources you need to succeed. Contact the OEDC today to learn more about how they can help you achieve your business goals.
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Tags: commission, development, economic, orlando