Agenda Package 10-21-13 Reg. Meeting

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051 Exhibit B New Organization Program of Work Scope Submitted by Creative Economic Development Consulting, LLC Steering Committee A Steering Committee will be established with Lee County key stakeholders. The Steering Committee will guide the planning process. They will be charged with providing input, reviewing drafts, and approving the final deliverable. Creative EDC will facilitate an initial meeting with the Steering Committee to review scope, timeline, deliverables, and the whole planning process. Compilation of Previous Studies There has been quality, substantial, and relevant planning work completed in Lee County. Creative EDC will compile information from the 2nd Century Project, the Chamber's visioning process, and the soon to be completed work by the County Commissioners through SBTDC and Southern Growth Policies Board. There may also be other documents relevant to this process such as as land use plans, downtown development plans, streetscape plans, etc. And, since the Chamber will be a part of the new organization, the team will review Chamber annual reports and program of work. Economic Snapshot Typically, the Creative EDC team conducts an economic and demographic profile and benchmarks economic indicators with the region and state. Much of that work has already been done by SBTDC in the County's process. We believe we will only need to research a few more data points. In addition to economic data, we will compile retail leakage information. This will be useful for small business development and chamber activities. This is an example of a portion of the retail leakage information we gathered for another community. Industry Summary Demand Supply Retail Gap Leakage /Surplus Number of (Retail Potential) (Retail Sales) Factor Businesses Total Retail Trade and Food & Drink $179,833,737 $126,281,907 $53,551,830 17.5 181 NAICS 44-45, 722 Total Retail Trade (NAICS 44-45) $156,008,029 $107,422,194 $48,585,835 18.4 136