07-12-1993
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7-12-93
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AGENDA
Community Redevelopment Agency
July 12, 1993
after presentations to Commission scheduled for 1 :00 P.M.
* Revised
I. Call to order
II. Approval of Minutes of:
6/28/93
III. Unfinished Business
a) Status report re: Executive
Director search
b) Incubator * Proposal
c) Community Development
Corporation (CDC) status report -
* Verbal
IV. New Business
a) Elect Chairperson
V. Adjournment
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JUL- 6-93 TUE 16:48 USF~SaDC
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THE ENTERPRISE
CORPORATION OF
TAMPA BAY
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A publklprlwJI, pDrlMrshlp
July 6, 1993
4115 Fowl.r Av..
TaMpa. FL 99817
81S.V7i-1168
Fax 813-879-117S
Mr. Michael Wright
City Manager. City of Clearwater
P.O. Box .748
Clearwater, FL 34618
Dear Michael,
James L, Pappas
PllIsldent
As 8 foJlow-up to my recent meeting with Jerry Slernstcin, I have enclosed a proposal
outlining the steps necessary to pursue a feasibility study and then operations for a
business incubator serving the city of Clearwater. As Jerry detailed in his preliminary
report, this is a challenging process and involves participation trom both public and
private sector to be a successful project. As you may well know. part of the central
missIon of The Enterprise Corporation is to support municipal governments efforts to
establish incubator programs throughout the Greater Tampa Bay Area. We are cwrently
working with the 51. Petersburg Chamber of Commerce as well as the Manatee Chamber
of Commerce in establishing the feasibility of an incubator. We are also a lead on the
efforts to transform a significant piece of the Martin Marietta facility in Largo into 8
high technology manufacturing incubator serving Southwest and Central Florida. The
Enterprise Corporation's objective is to put together a series of incubators throughout the
region which we manage through one incubator Director and qualified administrative
staff on-sight at the incubator. This strategy allows each municipality to keep tbe
overhead low for each incubator as well as leverage off of resources which can be
provided by other incubators.
Gene H. W1nc1lam
VIce Pra.1dent
Alan D. Oak
SeQretarylTreasurer
Charles A. Hall
Chalrman Advisory Board
M. Scott Faria
Executil/a Dlr&ctor
Central to any incubator effort is the ability to identl1Y an appropriate facility. A
donated or low cost facility is the foundation for an incubator program and wlll allow
the incubator management organization to generate sufficient funding to cover a major
component of operating costs, In order to proceed with an incubator program at tbis
poInt. a feasibility study and business plan will help us detennine the demand and
financial considerations associated with the Clearwater Enterprise Development Center.
T.AMPA BAY
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The proposed first phase establishing this facility is a comprehensive feasibility analysis.
The Enterprise Corporation is currently working with other municipalities in conducting
a feasibility analysis and is prepared to work with the City of Clearwater to do the same.
'The Enterprise Corporation will complete a feasibility analysis nnd preliminary business
plan for the cost of $2500.00 plus expenses. A feasibility analysis involves sending a
questionnaire to a ta rgeted group of potential users of the incubator as well as
documenting private sector support for the Center. The results of these surveys and
documentation will be prepared in the form of an Executive SummaI)' of an Enterprise
Development Center business plan and presented to City Council for consideration.
Given the other activities the Enterprise Corporation has undertaken. especially those at
the Martin Marietta facUity, it is like))' that we will be able to keep the wsts of an
incubator program to 8 minimum. It is anticipated that the monies needed for such a
program wiJl include seed monies and I have enclosed 8 brief document which outlines
the potential for an Enterprise Development Center in Clearwater for your review.
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Pl~ give me a call once you have had the opportunity to review this material so that
we can talk: about tNs opportunity in more detail.
JdSF/p&t
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Clearwater Enterprise Development Center
Overview
Summary
The Clearwater Enterprise Development Center (Cenler) is 8 proposed 15,000 sq. ft~ business incubator
scrvini new and existing companies in the City of Clearwater. The Center will be developed and
managed ill coqjunction with The Enterprise Corporation of Tampa Bay (TEe) and its affiliate programs.
The Center will focus on providing business and technical assistance to new and existing companies in
order to create new jobs and retain existing jobs in troubles businesses.
TEe is a regional enterprise development program funded with public and private cash and in.ldnd
support. TEe focuses on providing value-added assistance to regional technical and manufacturing firms
by matching the companies with a team of wluntecr professional service providers, interns. Venture
Advisors and management talent. TEe also plays an active role in capitalizing these companies through
such programs as VcntureLink and the Tampa Bay Venture Forum. Additionally. TEe currently
manages other regional incubators including one at USF's University Technology Center and is working
to establish a technology transfer incubator in <Xlnjunction with Manin Marietta.
Clearwater Enterprise Development Center
The Center wilJ be 8 lS,OOO sq. ft. business incubator providing spaee and support to new and existing
tompanies In the City of Clearwater. The Center's focus will be in an area to be dctennined in the future
with input from the feasibility analysis and facility availability. The Center will rent space on a cost
effoctive basis to companies and provide overnead support as wen as technical and business support
services through TEC, the SBOC and other business development programs serving the market. These
services wHl focus on providing value-added service to tbe clients of the incubator and participants in the
various TEC programs,
The Center's goals are as tollows:
.. Create sustainable employment opportunities for tl\c community.
· Expand the tax base within the City of Clearwater.
· Serve as Clearwater's primal)' business incubator and enterprise development center.
· Provide a single-stop facility for new and existing business owners in Cleanvater.
The Center would be staffed with 8 ~1rt..tJme Incubator Manager and appropriate slaff. The Incubator
Manager would have primary oversight responsibility for the Center as well as programs for other
Entelprise Development Centers. TEe will also have a program representative! in the Center specifically
to work with Center Clients and Clearwater TEe clients. The Center will also provide meeting areas for
SBDC staff and clients.ST AC staff as well as volunteer consultants participating in the TEC Enterprise
Development Program.
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3UL- 6-93 TUE 16:32 USF~SBDC
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Projeded Fwldlal
'l1JC Center will be Auubl through 8 mixture of public and pm'aLe cash and in-kind support as well .S
rm:nucs derived from space rental The proposed priDwy funding SOW'CeS are as renews:
Total commitment to the facility is anticipated to be $260.000 with public commitment to the program
RCdving 4 to 1 leverage with private sector in-kind and casb support.
Beaef1ts
The Center will capitalize on the significant technical and human resources available through TEe.
SBDC and affiliated programs. The Center will focus on creating new value-added CXJJDpanics to
CJeanvater's economic base as weD as make existing companies mere oompetitive. Overall. benefits of
this proposal to the various parties include:
Creation of new companies and strengthening of existing oompanies.
The Center will benefit through existing programs currently managed by TEe and its atliliate
programs. There wiD be no rc-inventing programs.
By consoIidatini overhead on a regional basis. the Center can develop 8 specific expertise and still
provide a full range of services to the clients through interaction with other regional facHides and
employ more support and technical staff.
Public dollars are leverage significantly with private money and in-Idnd support.
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Sponsorship
Development -~
Team
Physical Plant
New or
Renova te
Fea sibility
Eva lua tion
Sta ff
Oversigh t
Leasing
Tenant
Selec tion
Market
Assessment
Negative
Market
Assessmen t
Positive
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Marketing'
Plan
Ternlina te
Space and Fund
A vail a b ili ty
Negative
J
Identifica tion
Physical Plant
Financial Sources
Positive
Terminate
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