{"id":2679,"date":"2016-01-21T15:57:11","date_gmt":"2016-01-21T15:57:11","guid":{"rendered":"http:\/\/ocfl.flywheelsites.com\/2016\/01\/2016-economic-summit-touts-strong-job-creation-and-booming-technology-sector\/"},"modified":"2022-01-12T12:12:21","modified_gmt":"2022-01-12T17:12:21","slug":"2016-economic-summit-touts-strong-job-creation-and-booming-technology-sector","status":"publish","type":"post","link":"https:\/\/newsroom.ocfl.net\/2016\/01\/2016-economic-summit-touts-strong-job-creation-and-booming-technology-sector\/","title":{"rendered":"2016 Economic Summit Touts Strong Job Creation and Booming Technology Sector"},"content":{"rendered":"

Orange County Mayor Teresa Jacobs joined distinguished panelists, economists and guests at the Orange County Convention Center for the 2016 Economic Summit on Thursday, Jan. 21.<\/p>\n

Now in its fourth year, the Economic Summit is hosted annually by Mayor Jacobs and provides an annual report on the economy, and highlights strong business sectors and growing industries. This year\u2019s Summit was attended by more than 650 citizens and community leaders eager to hear about the region\u2019s flourishing economy.<\/p>\n

Fred Kittinger, associate vice president of university relations and director of state and local government affairs at the University of Central Florida<\/a>, presided as the event\u2019s Master of Ceremonies.<\/p>\n

Mayor Jacobs kicked off the Summit by reiterating her support of the region\u2019s strong modeling, simulation and training (MS&T) sector, and the exponential growth of the Central Florida\u2019s digital and technology sectors. The region\u2019s MS&T sector contributes more than $4.8 billion to Florida’s gross state product and directly employs more than 27,000 Floridians, with an average annual salary of almost $70,000.<\/p>\n

\u201cYou\u2019ve got a partner in Orange County, and together, we\u2019re creating a future in which opportunity is boundless and where businesses can truly succeed,\u201d Mayor Jacobs said during her remarks. \u201cAlready we are a global leader in digital media, optics and photonics, bio and life sciences, and of course, modeling, simulation and training.\u201d<\/p>\n

Nationally recognized economist Sean Snaith, Ph.D., director of the University of Central Florida\u2019s Institute for Economic Competitiveness, provided his annual economic forecast at the Summit. Snaith noted that the economy in 2015 ended on a strong note with job creation, which was not just in leisure and hospitality, but other high-paying sectors.<\/p>\n

\u201cThe sun continues to shine brightly on Orange County\u2019s economy,\u201d Snaith said. \u201cThere are some clouds that we have to be mindful of, which includes global factors such as the recessions in Brazil and Canada.\u201d<\/p>\n

Rick Weddle, president and CEO of Orlando Economic Development Commission, provided an Economic Update on the region and presented a video titled the
\nOrlando EDC\u2019s Year of Opportunity<\/a>.<\/p>\n

\u201cWe are once again one of the country\u2019s leading growth centers, and that\u2019s creating opportunity for all of us,\u201d Weddle said. \u201cIn fact, Orlando is growing closer to double the rates of population growth in the U.S. We are the second fastest growing large metropolitan area in the nation over the last few years.\u201d<\/p>\n

This year, the Summit featured a Technology Entrepreneur Panel, which included Donna Mackenzie, executive director of FireSpring Fund<\/a>; Josh Brown, founder and CEO of PowerDMS<\/a>; Phil Dumas, founder of Unikey Technologies<\/a> and Richard Licursi, managing partner and co-founder of venVelo<\/a>.<\/p>\n

The panel gave an overview of the County\u2019s growing technology ecosystem and highlighted what is needed to continue growth and make Orange County the hub for innovative entrepreneurship providing high paying jobs and economic advancement.<\/p>\n

\u201cI think we\u2019ve done a great job these last few years of creating the platform that these tech entrepreneurs need to get started,\u201d Mackenzie said. \u201cInvesting in early stage companies is very risky, but the rewards are great.\u201d<\/p>\n

Immediately following the Economic Summit, Mayor Jacobs hosted the inaugural Florida TechMatch, an event that paves the way for local tech companies to build relationships and contracts with national industry leaders.<\/p>\n

\u201cTechMatch is a natural continuation of our Economic Summit series, because it encourages established companies to learn about the unique skills and innovations that are happening throughout Central Florida,\u201d Mayor Jacobs said during her remarks opening Florida TechMatch.<\/p>\n

During Florida TechMatch, more than 80 tech vendors met with 30 corporate buyers representing companies and organizations like Orlando Health, Universal Orlando, Bright House Networks and Clean the World.<\/p>\n

The Mayor\u2019s annual Economic Summit was launched in 2013 following a series of nine economic and job summits designed to examine the area\u2019s varied needs. Those meetings, held in 2011 and 2012, focused on key geographic regions and industries such as life sciences, clean technology and international trade.<\/p>\n

Photos from the 2016 Economic Summit and Florida TechMatch<\/a> may be found on Flickr for use by the media.<\/p>\n","protected":false},"excerpt":{"rendered":"

Orange County Mayor Teresa Jacobs joined distinguished panelists, economists and guests at the Orange County Convention Center for the 2016 Economic Summit on Thursday, Jan. 21.<\/p>\n","protected":false},"author":1,"featured_media":5080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[13,24,14,29,25,451],"class_list":["post-2679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-convention-center","tag-county-news","tag-economic-summit","tag-featured-stories","tag-mayor-jacobs","tag-techmatch"],"acf":[],"yoast_head":"\n2016 Economic Summit Touts Strong Job Creation and Booming Technology Sector<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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