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Florida Develops Statewide Plan to Diversify Economy

Governor Jeb Bush joined business and economic development leaders to review a strategic leadership task force report on diversifying Florida’s economy. Diversifying Florida’s economy is one of Governor Bush’s top three priorities, in addition to families and reading.

Contact: Sam Leiken
Social, Economic and Workforce Programs Division

http://www.nga.org/center/frontAndCenter/1,1188,C_FRONT_CENTER%5ED_6547,00.html

The plan envisions Florida as a global leader in knowledge-based jobs, leading-edge technology, and competitive enterprises in the 21st century. The strategic plan outlines eight priority recommendations based on input from more than 1,000 business, community and economic development leaders statewide who participated in nine regional workshops through Fall 2003. The priority recommendations include:

* Ensuring Florida’s global business leadership with the successful recruitment of the FTAA (Free Trade Area of the Americas) Permanent Secretariat and expanding international markets for tourism, trade, investments and cultural diplomacy.

* Establishing Florida as a leading state for entrepreneurship, innovation, and venture capital, with a continued commitment to university-based Centers of Excellence, and strategies for seed and venture capital.

* Facilitating excellence in education and workforce preparation.

* Maintaining the competitiveness of Florida’s business climate with low taxes, non-burdensome regulations, and targeted incentives.

* Designing and implementing a market-driven stimulus strategy for those regions designated by the Governor as "Rural Areas of Critical Economic Concern."

* Retaining and strengthening business sectors threatened by external trends and decision-making, including Florida’s manufacturing base and Florida’s defense industry sector, in light of the 2005 Base Realignment and Closure process.

* Transitioning growth management to a more flexible and comprehensive planning mindset for "smart growth."

Related Links:

* Florida Statewide Strategic Plan http://www.eflorida.com/strategicplan/

* Governor Bush’s Press Release http://sun6.dms.state.fl.us/eog_new/eog/library/releases/2004/January/plan_diversify-1-28-04.html

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