Enterprise Florida growing Florida business
PONTE VEDRA, Fla. – Florida’s public-private partnership known as Enterprise Florida continues to be an economic driver in the state.
The Florida SBDC Network, the state’s principal provider of business assistance, recently honored Enterprise Florida as the recipient of the 2015 Florida Outstanding Resource Partner of the Year award.
The award, given to an individual or organization for making significant contributions in serving the state’s small businesses, was presented today to Secretary Bill Johnson, president and CEO of EFI, on behalf of the organization by Florida SBDC CEO and Network State Director Michael Myhre at EFI’s Board of Directors’ meeting in Ponte Vedra.
Through a Memorandum of Understanding (MOU), the Florida SBDC and EFI, in partnership with the U.S. Commercial Service, offer a scholarship export assistance program to help businesses identify overseas growth strategies. Under the MOU, qualified “new and infrequent export” manufacturers and professional service providers have the opportunity to meet with a Florida SBDC International Trade Specialist to prepare a customized export marketing plan.
The plan, which takes an average of 120 hours to develop, includes a thorough export readiness assessment, industry analysis, market analysis with target market recommendations, a review of overseas trade opportunities and an action plan that includes export promotion programs and services. In 2014, the service received a 100 percent recommendation rating, clients reported a 19 percent average increase in employment, clients reported a 21 percent average increase in sales, and 44 percent of respondents reported an increase in export sales.
In 2014, the initiatives of the Florida SBDC Network resulted in 42,664 jobs created, retained and saved; $5.8 billion in sales growth; $140.2 million in capital accessed; $210.2 million in government contract awards; and 952 new businesses started.
Source: Enterprise Florida