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On the Economic Scene

On the economic scene
November 24, 2020

A weekly economic development briefing from Volusia County Economic Development
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Online version available at FloridaBusiness.org

COVID-19 Business Resource Center: VolusiaBusinessResources.com

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November 24, 2020

BUSINESS NEWS

MARK YOUR CALENDAR: SMALL BUSINESS SATURDAY IS NOVEMBER 28

 

This Saturday, November 28 is Small Business Saturday – a day to celebrate and support small businesses and all they do for our community. According to the 2019 Small Business Saturday Consumer Insights Survey, 70% of U.S. consumers are aware of Small Business Saturday. We know that small businesses need our support now more than ever. Join the Small Business Administration and organizations across the country by shopping at a local small business in your community.

VOLUSIA COUNTY AND SPARTON TEAM UP TO HELP THE ECONOMY AND THE ENVIRONMENT

 

Operating out of its vast manufacturing facility in DeLeon Springs, Sparton has been a good neighbor, a good corporate citizen and one of Volusia County’s largest private-industry employers for more than 50 years. For Sparton and the local community, being socially responsible takes on added significance given the company’s close proximity to a delicate watershed that includes the natural spring at DeLeon Springs State Park about a mile away. And that’s why Sparton’s recent overhaul of its onsite wastewater disposal system to a more environmentally-friendly treatment plant was cause for celebration. And it all happened with the help of a grant from the county – an investment in Sparton, the local economy and the protection of precious water resources. Watch the full video.

 

 

 

ECONOMIC REPORTS – Available on FloridaBusiness.org

THIRD QUARTER “Q BOOK” ECONOMIC REPORT

Did you know Volusia County Economic Development creates a quarterly report with the most recent economic indicators and trends that impact our county’s economy? The 2020 third quarter report includes updates on current labor market conditions for Volusia County and municipalities, distribution of CARES act funds via the ReLaunch Volusia grant program for brick-and-mortar, home-based and non-profit businesses, Payroll Protection Program loans issued in Volusia County, and commercial and residential new construction building permit trends. Check out the 3Q-2020 Q Book.

LATEST FLORIDA & METRO FORECAST REPORT

The University of Central Florida’s Institute for Economic Forecasting has released its latest Florida & Metro Forecast as of November 2020. The forecast is a comprehensive, quarterly review of the Florida economy and 12 metropolitan areas including Deltona-Daytona Beach-Ormond Beach. Forecast highlights include Real Gross State Product, payroll job growth, labor force growth, industry sector outlook, housing, real personal income growth and retail sales. Read the full Florida & Metro Forecast report.

COVID-19 FUNDING PROGRAMS AND UPDATES

DEADLINE TO APPLY FOR SMALL BUSINESS REOPENING GRANTS IS DEC. 11

Qualifying businesses with a physical, brick-and-mortar location in a commercial or industrial space in Volusia County may be eligible to receive a one-time Reopening Grant Program grant to help them recover from negative financial consequences resulting from the COVID-19 pandemic. The application deadline has been set for Dec. 11. Since the grant program’s inception, nearly 2,700 grants have been awarded totaling $8.10 million. Brick-and-mortar businesses should review the grant criteria and apply onlineIf you have previously received funds from this grant program, a second application will be denied.

DEADLINE TO APPLY FOR HOME-BASED BUSINESS GRANTS IS DEC. 11

Qualifying home-based businesses located in Volusia County may be eligible to receive a one-time grant to help them recover from negative financial consequences resulting from the COVID-19 pandemic and relaunch their Volusia County business. The application deadline has been set for Dec. 11. Since the grant program’s inception, nearly 500 grants have been awarded totaling $718,500. Review the grant criteria details and apply onlineIf you have previously received funds from this grant program, a second application will be denied.

                         WEBINARS, FORUMS AND SEMINARS

FREE SCORE WEBINAR: THE FIVE STEP MARKETING STRATEGY DURING A PANDEMIC

Score will present a free one-hour webinar at 1 p.m. on Dec. 8 titled The Five Step Marketing Strategy During a Pandemic. Certified SCORE Mentor and Marketing Chair Cheri Bales will show you how to tackle five marketing steps: define marketing goal, determine target audience, plan approach, craft the message, and evaluate results. Bales will give you some tools to look at marketing in a whole new, manageable way in today’s pandemic times.

                                             TEST YOUR (TURKEY) KNOWLEDGE

                                                     THANKSGIVING DAY FUN FACTS

From the number of turkey towns and cranberry counties, each year, the U.S. Census Bureau generates interesting Thanksgiving Day Fun Facts which can be used as student-friendly handouts in the classroom. Did you know the six largest turkey producing states account for 69% of all turkeys produced in the United States? In order from most to least: Minnesota, Arkansas, North Carolina, Indiana, Virginia and Missouri.

                                                            NEWS ITEMS WANTED

Please send your business news items to Heather Edwards.

VOLUSIA COUNTY BUSINESS ASSISTANCE

For business assistance from Volusia County Economic Development, call 386-248-8048 or e-mail vced@volusia.org

On the economic scene

On the Economic Scene

On the economic scene
November 18, 2020

A weekly economic development briefing from Volusia County Economic Development
Subscribe!
Online version available at FloridaBusiness.org

COVID-19 Business Resource Center: VolusiaBusinessResources.com

Volusia County Economic Development
 

COVID-19 FUNDING PROGRAMS AND UPDATES

DEADLINE TO APPLY FOR SMALL BUSINESS REOPENING GRANTS IS DEC. 11

Qualifying businesses with a physical, brick-and-mortar location in a commercial or industrial space in Volusia County may be eligible to receive a one-time Reopening Grant Program grant to help them recover from negative financial consequences resulting from the COVID-19 pandemic. The application deadline has been set for Dec. 11. Since the grant program’s inception, nearly 2,700 grants have been awarded totaling $8.10 million. Brick-and-mortar businesses should review the grant criteria and apply online. If you have previously received funds from this grant program, a second application will be denied.

DEADLINE TO APPLY FOR HOME-BASED BUSINESS GRANTS IS DEC. 11

Qualifying home-based businesses located in Volusia County may be eligible to receive a one-time grant to help them recover from negative financial consequences resulting from the COVID-19 pandemic and relaunch their Volusia County business. The application deadline has been set for Dec. 11. Since the grant program’s inception, nearly 500 grants have been awarded totaling $705,000.  Review the grant criteria details and apply online. If you have previously received funds from this grant program, a second application will be denied.

PAYCHECK PROTECTION PROGRAM “NEXT STEPS” WEBINAR

The U.S. Small Business Administration, in consultation with the Department of the Treasury, published a revised, borrower-friendly Paycheck Protection Program loan forgiveness application implementing the PPP Flexibility Act. Join the South Florida District Office as it explores the next steps in the PPP process. The webinar will be held from 1 to 2 p.m. Nov. 18. Registration is required on Eventbrite.

 

 

 

BUSINESS NEWS

VOLUSIA BUSINESS RESOURCES IS NOW ON FACEBOOK

Whether you are a business owner, entrepreneur, stakeholder or a resident of the Volusia County community, our new Facebook page will provide resources, insights and information helpful to the overall economic growth of Volusia County. Like and Follow us today.

TOP THREE SMALL BUSINESS HOLIDAY MARKETING TIPS

With Black Friday, Small Business Saturday and Cyber Monday kicking off the holiday shopping season in November, now is a good time for small businesses to boost sales. This year, 60% of consumers plan to do half or more of their winter holiday shopping at local retailers. Capitalize on this growth opportunity by using these U.S. Small Business Administration (USSBA) marketing strategies this holiday season.

 

 

ENTREPRENEUR RESOURCES

DAYMOND JOHN, SHARK TANK STAR WILL BE THE L. GALE LEMERAND ENTREPRENEURIAL FEATURED SPEAKER

Uber entrepreneur Daymond John, CEO star on The Shark Tank will be the featured speaker for the L. Gale Lemerand Enterpreneurial Speaker Series. John is Founder and CEO of FUBU as well as Presidential Ambassador for Global Entrepreneurship. The free event will take place at 9:15 a.m. on Thursday Nov. 19.  Registration is required.

LAUNCH YOUR STARTUP WITH TESTFLIGHT BOOT CAMP

Are you looking to launch a startup? During this intensive, five-session bootcamp, you will identify and understand your customers, build confidence in your offering and the problem you are solving, and learn how to effectively communicate your value proposition. The bootcamp will be conducted in virtual sessions on the Microsoft Teams platform on Jan. 24 and Feb. 5, 12, 19 and 26. The creator of the bootcamp, StarterStudio, is a not-for-profit 501(c)3 superhub for education, accelerator programs, funding, mentoring and collaborative workspaces. Find details and register to secure your seat.

 

 

 

TOURS AND TRAILS

39th ANNUAL VOLUSIA COUNTY FARM TOUR SET FOR NOV. 20

Specialty crops from soil to sea will be highlighted during Volusia County’s 39th Annual Farm Tour. The agricultural industry creates jobs, feeds families and pumps more than $780 million into the local economy. This year’s event will spotlight eight of the more than 1,500 farms in Volusia County. Farms will open their doors for visitors to learn more about their industry from 9 a.m. to noon Nov. 20. The tour is sponsored jointly by the University of Florida/Volusia County Extension and the Volusia County Farm Bureau. Find complete details on featured farms and locations.

WEST VOLUSIA TOURISM ADVERTISING AUTHORITY INTRODUCES “COOLCRAFT BEVERAGE TRAIL”

It’s time to hit the trail and find beverages as “cool” as their destination! In cooperation with several local partners, the West Volusia Tourism Advertising Authority will kick off the “CoolCraft Beverage Trail” starting Nov. 27. Visitors will hit the trail for the best “crafts” around … and it’s not just about the beer. With meads, smoothies, teas, coffees and brews, you can tour and taste all the “trail” destinations have to offer. Plan your craft beverage tour now.

 

 

WORKFORCE EDUCATION

INTRODUCING ‘GET THERE FLORIDA’ WORKFORCE EDUCATION INITIATIVE

Gov. Ron DeSantis and the Florida Department of Education announced the launch of Get There Florida, a new workforce education initiative aimed at raising awareness of short-term, but high-value, career and technical education programs. The initiative highlights the key benefits of rapid credentialing programs available to Floridians at the 28 Florida College System institutions and the 48 technical colleges and centers across Florida. Programs include advanced manufacturing, transportation and logistics, health care, and information technology.

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