enterprise florida, inc....2013/08/07 · enterprise florida finance and compensation committee...

800 North Magnolia Avenue, Suite 1100

Orlando, Florida 32803

407.956.5600

eflorida.com

Enterprise Florida, Inc.

Finance and Compensation

Committee Meeting

August 7, 2013

10:00 am – 11:30 am CDT

ENTERPRISE FLORIDA, INC. FINANCE & COMPENSATION COMMITTEE MEMBERS

Alan Becker, Chair Managing Shareholder Becker & Poliakoff, P.A. 3111 Stirling Road Fort Lauderdale, FL 33312 Phone: (954)987-7550 E-mail: [email protected]

Howard Halle Executive Vice President, Florida Wells Fargo Bank 1 Independent Drive 25th Floor, Suite 2500 Jacksonville, FL 32202 Phone: (904)351-7271 E-mail: [email protected]

Bob McAdam Senior Vice President, Government Relations Darden Restaurants 1000 Darden Center Drive Orlando, FL 32837 Phone: (407)245-5366 E-mail: [email protected]

Gene Schaefer President-Miami Bank of America, N.A. 701 Brickell Avenue, 8th Floor Miami, FL 33131 Phone: (305)347-2990 E-mail: [email protected]

Hal Melton (expanded member) Chair, President & CEO Florida First, LLC 230 S. New York Avenue, Suite 101 Winter Park, FL 32789 Phone: (407) 265-1156 E-mail: [email protected]

Brett Couch (expanded member) Florida Regional President Regions Bank 100 N. Tampa Street Suite 3400 Tampa, FL 33602 Phone: (813) 226-1212 E-mail: [email protected]

Staff Contacts

Louis Laubscher SVP Administration Phone: (407) 956-5631 E-mail: [email protected]

Pamela Murphy Vice President, Finance and Accounting Phone: (407) 956-5644 E-mail: [email protected]

mailto:[email protected]







Enterprise Florida Finance and Compensation Committee Meeting | August 7, 2013

Enterprise Florida Board of Directors Finance and Compensation Committee Agenda August 7, 2013 10:00 am –11:30 am CDT

A meeting at: Sandpiper A Hilton Sandestin Beach Golf Resort & Spa 4000 Sandestin Boulevard South Destin, FL 32550 Presiding Officer, Alan Becker, Chair, Finance and Compensation Committee Committee members

Howard Halle Bob McAdam Gene Schaefer Brett Couch (expanded) Hal Melton (expanded)

Roll Call

Minutes for September 12, 2012 meeting Alan Becker (I)

Review FY 2012/13 Ops Plan Results Louis Laubscher (I/D)

Review the Senior Management Team FY 2012/13 Performance Evaluations Alan Becker (I/D)

Review and approval of the President/CEO FY 2012/13 Performance Evaluation

Alan Becker (I/D/A)

Supplemental Information Alan Becker (I/D)

Executive Session Alan Becker (I/D)

Other Business Alan Becker (I/D)

Adjourn Alan Becker

Call in number 800.501.8979 Conference code 9565644

NOTICE OF MEETING

Enterprise Florida, Inc. announces a public meeting to which all

persons are invited:

Date and Time: Wednesday, August 7, 2013

10:00 AM

Place: Hilton Sandestin Beach Golf Resort & Spa

4000 Sandestin Boulevard South

Destin, FL 32550

Meeting: Finance & Compensation Committee

Purpose: This meeting will discuss on-going issues,

developing issues and other matters.

If an accommodation is needed for a disability or physical

impairment, please contact Pamela Murphy at (407) 956-5644 at

least one (1) day prior to the activity. Persons who are hearing

or speech impaired can contact the Florida Dual Party Relay

System at 1-800-955-8770 (Voice) and 1-800-955-8771 (TDD).

EFI OPS Plan Measures

FY 2013-14Unit

FY 2012-13

standards

FY 2012-13

YTD results

FY 2013-14

standards

Achieve 95% of 52 Contract Measures

and Deliverables, including 18

performance measures [1]

CORP 95% 102%[2] 95%

Facilitate job growth[3] EXEC[4] 23,000 25,383 28,000

Secure public funding to match FY

12-13 of at least $16.0 (in millions)EXEC $16.00 $18.05 $18.05

Support and advocate for legislation

that improves Florida’s business

climate

EXEC 10% 90% 100%

Develop a competitive sales team

with a commitment to customer

service (Announced Projects.)

EXEC Baseline 172 TBD

Staff satisfaction survey for: IT

services and resources; HR

services; Office services

ADM 95% In-progress 95%

Deadlines achieved x% of the time

for reports and financial obligationsADM 95% 98% 97%

Recruit nat’l and internat’l

businesses projectsBD 75 90 75

Project leads referred to Partners BD 100 83 100

Project-related capital investment (in

$ millions)BD Baseline $1,985.58 $1,800

Client consultations in target industry

sectorsITD 3,500 4,325 3,500

70% of all new clients are in Target

SectorsITD Baseline 76% 70%

Contracted and expected export

sales from target sectors over the FY

(in $ millions)

ITD $474.00 $708.20 $474.00

Positive messages across all news &

trade media as a direct result of EFI

efforts.

MC Baseline 108 125

Response to marketing outreach

among target audiences (those who

make / influence business decision)

MC Baseline 15,253 19,000

Number of open projects MC Baseline 312 385

$33.9 with

1:8.7

Qualify to draw down entire $97.6

million allocation of SSBCI capital to

Florida (in millions)

MaSBEC Baseline n/a $97.60

Deploy not less than $15 million in

SSBCI leveraged not less than 1:1

with private capital

MaSBEC Baseline $15 with 1:1

EFI OPS Plan Measures

FY 2013-14Unit

FY 2012-13

standards

FY 2012-13

YTD results

FY 2013-14

standards

Facilitate at least $40 million in bond

transactions through FDFC (in

millions)

MaSBEC Baseline $63.52 $40.00

Create MaSBEC website and

integrate minority business initiativesMaSBEC Baseline In-progress 100%

Assist in Florida regions with bidding

on and hosting 15 new

projects/events per quarter that

produce economic impact for the

State of Florida

FS 60 63 60

Produce ROI from three grant

programs of at least $150:$1 in

economic impact to the State of

Florida.[5]

FS $250:1 $312:1 $150:1

Produce Sports Tourism jobs from

Grant related and Amateur Sports

events based on the State of

Florida’s standard of 1 job per every

85 visitors.

FS Baseline 4,953 4,000

Board member retention 95% of

August 2013 membersSP 95% 100% 95%

$1.485 received

($1.585 committed)

Administer Defense Support Task

Force: facilitate compliance with EFI

policies and legislative guidelines

SP 100% 100% 100%

[2] EFI achieved 97% of contract deliverables or 102% of its goal.

[4] All EXEC measures used for Pres/CEO evaluation with Personal goals

[1] Contract revised in FY 12-13. New measures and language to start FY 2013-14 (draft at DEO legal review 7/22/13)

[3] Jobs number includes announced jobs and facilitated jobs. Facilitated jobs are based on private sector investment using

established formulas for jobs. e.g. Florida Sports impact of 1 job per state visitor, or exports impact of 6 jobs per million in sales

(E&Y 2011 ROI for EFI)

[5] Major sports grants in FY 13-14 will cause less growth in these standards since funds will be used for fewer events.

Funds invested in EFI $1.6 (in

millions)SP $1.60 $1.60

CONTRACT DELIVERABLES CALCULATION FOR OPS PLAN MEASURES CORP GOAL 1

1

DEO Agreement: 52 deliverable requirements, including 18 (B1) Performance Measures

FY 12-13 changed measures after Jan.1, 2013. 16 measures were eliminated, 12 were added and 6 were continued. Final achievement is based on the 18 measures used after Jan. 1, 2013.

Contract Requirements: actual value reported for data, 1=yes, 0=no for non-data requirements Contract goal Final

EFI Measures FY 2012-2013 per Exhibit B1 (January - June 2013) NOTE: NEW B1 Measures with TBD standards were calibrated at 100% of goal

Standard B and B1

Final B and B1

1. BUSINESS DEVELOPMENT – Proposed Job Creation

a. Total number of proposed jobs to be created by businesses assisted by Enterprise Florida 20,000 25,383

b. Number of proposed jobs to be created by businesses assisted by Enterprise Florida in rural communities (partial subset of a.) 1,800 661

c. Number of proposed jobs to be created by businesses assisted by Enterprise Florida in distressed urban communities (partial subset of a.) 1,800 1,508

d. Number of proposed jobs to be created by businesses assisted by Enterprise Florida by international businesses (partial subset of a.) TBD 1,939

e. Number of proposed jobs to be created by businesses assisted by Enterprise Florida by small and/or minority businesses (partial subset of a.) TBD 12,907

f. Number of proposed jobs to be created by businesses assisted by Enterprise Florida with incentives (partial subset of 1.a.) Incentives: QTI, CLOSE, HIPI, IIF, CITC, BROWN and RIF TBD 16,364

Deleted in B1: Number jobs created in critical industries 14,400 23,171

Deleted in B1: Percentage increase in the salary average of high wage jobs facilitated by Enterprise Florida, Inc. 127% 128%

2. INTERNATIONAL TRADE – International Trade Assistance

a. Number of Florida based businesses assisted by Enterprise Florida for international trade[2] TBD 2,160

b. Number of companies with export sales attributable to activities conducted by Enterprise Florida (partial subset of 2.a.) TBD 193

c. Amount (US dollar value) of projected export sales attributable to the activities conducted by Enterprises Florida (millions) $ 545.4 $725.88

Deleted in B1: Number of companies assisted by Enterprise Florida in the area of international trade 5,000 5,716

Deleted in B1: Number of qualified marketing leads generated through Enterprise Florida’s comprehensive marketing programs 1,000 1,166

Project leads 500 572

Trade leads 500 594


2


Standard B and B1

Final B and B1

3. MARKETING FLORIDA

The number of projects opened, the key measure of response to pro-business marketing efforts by those who can make or influence the decision to place or expand a business in Florida TBD 369

Deleted in B1: Number of times Enterprise Florida's information services are accessed (Unique Visitors)** 335,000 140,155

4. MINORITY and/or SMALL BUSINESS, ENTREPRENEURSHIP, CAPITAL (MaSBEC)

Investment in Small and/or Minority Business through financial assistance, venture capital and grants.

a. Number of businesses that received financial assistance TBD

b. Amount (US dollar value) of funds invested TBD

Deleted in B1: Number of Memoranda of Understanding between the Division of Minority Business Development and government and private economic development entities relating to the development of black business enterprises 3 6

Deleted in B1: Number of capital or business development forums or workshops sponsored by the Division of Minority Business Development 3 30

5. FLORIDA SPORTS (Division of Sports Industry Development-EFI)

Florida Senior Games and Florida Sunshine State Games (In-State)

a. Economic impact to communities as a result of Florida Sports Foundation hosting of Florida Senior Games and Florida Sunshine State Games (millions) $ 4.4 $ 8.165

b. Number of participants (athletes and families) at the Florida Senior Games and Florida Sunshine State Games TBD 50,689

Regional and Major Sporting Event Grants (Out-of-State)

a. Economic impact to communities as a result of Florida Sports Foundation’s funding of Regional and Major Grant Events (millions) TBD $246.78

b. Number of attendees at the Regional and Major Grant Events TBD 355,412

Deleted in B1: Economic contributions from Florida Sports Foundation - sponsored regional and major sporting event grants (millions) $ 100.0 $120.33

Deleted in B1: Number of out-of-state visitors attending events funded through grant programs 200,000 204,863

Deleted in B1: Satisfaction of the area sports commissions with the efforts of the Division of Sports Industry Development to promote and develop the sports industry and related industries in the state 80%


3


Standard B and B1

Final B and B1

Deleted in B1: Number major and regional sports event grants awarded** 40 24

Deleted in B1: Amount of major and regional sports events grants awarded** $ 800,000 $ 234,500

Deleted in B1: Increase in number of athletes competing in Florida's Senior Games and Sunshine State Games** 14,000 6,159

Deleted in B1: Percentage Increase/number of athletes competing in Florida's Senior Games and Sunshine State Games 5%

6. ENTERPRISE FLORIDA – GENERAL

a. Satisfaction of businesses served with investment or trade assistance provided by EFI.[3] 80% TBD

b. Number of strategies in the Florida Statewide Strategic Plan for Economic Development being implemented by EFI. TBD 12

CONTRACT REQUIREMENTS FY 12-13

Coordinate with WFI to distribute high technology industry marketing materials through the website for industry promotion and workforce recruitment 1 1

Secure Private Sector Support Equal to the State’s Operating Investment in EFI: $16 million $ 16 $17.21

Provide Harassment Free Environment; No Discrimination Against any Employee, Applicant 1 1.0

Report on use of Women and Minority vendors quarterly and final by July 10 1 1.0

Submit a Fiscal Year budget on or after July 31 1 1.0

Provide 2012-13 Fiscal Year Financial Report No Later Than September 15 1 1.0

Provide DEO/SBD with EFI Internal Operating Procedures and Access to Policies by Sept.30 1 1.0

Certify Compliance with Internal Operating Procedures on June 30 1 1.0

Send a proposed Legislative Budget Request by Sept. 17 for the following fiscal year 1 1.0

Meet DEO/SBD Quarterly Reporting Deadlines - 10/31, 1/31, 4/30,7/31 1 1.0

Complete incentives report by December 31, 1 1.0

Conduct Joint Projects/Strategic Meetings with DEO/SBD’s Other Partners and Work Closely with Workforce Florida, Inc. 1 1.0


4


Standard B and B1

Final B and B1

Report on activities that support the development of the Minority Business Development division 1 1.0

A report of all activities by the Sports Division involving the status of its efforts to promote amateur sports and physical fitness, 1 1.0

Prepare Annual Report by November 30 1 1.0

o Include audit with validation of interest payments 1 1.0

o Include results of Customer satisfaction survey 1 1.0

o Include quantification of public's return on investment 1 1.0

Operate International Offices as authorized 1 1.0

o Submit annual report by October 1 1 1.0

EFI shall assist the DEPARTMENT with the development of the long-range strategic business blueprint (Statewide Strategic Plan) for economic development required in s. 20.60, Florida Statutes. 1 1.0

EFI shall assist THE DEPARTMENT with its annual report on the condition of the business climate and economic development in the state. 1 1.0

Maintain and facilitate issues of the Florida Defense Alliance - report on a quarterly basis 1 1.0

Provide administrative support to the Florida Defense Support Task Force (task force) to ensure that the task force is able to implement and fulfill its mission 1 1.0

Perform All Research Required to evaluate Florida's competitiveness and do impact analyses 1 1.0

Marketing of Brownfields - Continue to market for redevelopment of the Brownfield areas 1 1.0

Collaborate With Private Sector in the Marketing of Information Technology in Florida 1 1.0

Market Rural, distressed urban communities and enterprise zones 1 1.0

Ensure a Direct Linkage Between Economic Development and Workforce Goals and Strategies WFI may contract with EFI for support services 1 1.0

Assume Marketing responsibilities for Incentives Programs as Follows: Qualified Targeted Industry (QTI), Economic Development Transportation Fund (EDTF), Semiconductor, Defense, and Space Exemptions for Machinery and Equipment, High Impact Business Grants (HIPI), Qualified Defense Contractor (QDC), Defense Grants, Rural Revolving Loan Program, Enterprise Zone Program, Expedited Permitting, Capital Investment Tax Credit (CITC), Rural Infrastructure Fund , Innovation Incentives 1 1.0


5


Standard B and B1

Final B and B1

Ensure that all subcontracts include state contract requirements as defined in the SBD 13-001, amendment 3 1 1.0

Return interest from interest-bearing accounts to DEO on a quarterly basis 1 1.0

Provide Administrative Services for pass thru funds to: Latin Chamber of Commerce/ Camacol; SEUS/Japan & FLORKOR 1 1.0

Provide Administrative Services for SB13-05 grant program and funds to: Defense Grants and Task Force; Military Base Protection; and Sports pass-throughs. 1 1.0

Total of all contract deliverables (percent of goals achieved) 95% 102%

Coral Ballroom

Dolphin Room

Emerald Ballroom

Board Room

Sandpiper

Pelican

Heron Room

Seagar’s

Theater

Marlin

Barefoot’s

Finance and

Compensation Meeting

10:00 a.m. – 11:30 a.m.

enterprise florida, inc....2013/08/07 · enterprise florida finance and compensation committee...

Documents