DEO’s Division of Strategic Business Development, as outlined in Florida Statutes, 20.60, is required to create a five year statewide strategic plan designed to help guide the future of Florida’s economy. DEO is developing the strategic plan in close coordination with Enterprise Florida, Workforce Florida, local governments, local and regional economic development organizations, the business community, educational institutions as well as other local, state and federal entities.
Together the stakeholders will bring forth a plan that includes:
- Strategies for the promotion of business formation, expansion, recruitment and retention.
- The development of realistic policies and programs to further the economic diversity of the state, its regions and their associated industrial clusters.
- Specific provisions for the stimulation of economic development and job creation in rural areas and midsize cities and counties of the state, including strategies for rural marketing and the development of infrastructure in rural areas.
- Provisions for the promotion of the successful long-term economic development of the state with increased emphasis in market research and information.
- Plans for the generation of foreign investment in the state.
- The identification of business sectors that are of current or future importance to the state’s economy and to the state’s global business image, and development of specific strategies to promote the development of such sectors.
- Strategies for talent development necessary in the state to encourage economic development growth.
The framework adopted for the planning effort used the Six Pillars of Florida’s Economy™ developed by the Florida Chamber Foundation under the leadership of Dr. Dale Brill.