October 5, 2009

SPACE PROGRAM END WILL HAVE REGIONAL ECONOMIC IMPACT – As the clock ticks toward the end of the space program, it’s important to note how this will affect the regional economy, including Volusia County. On the employment side, more than 600 workers will lose their jobs by the end of the month. It’s estimated that up to 12,000 workers – approximately 4,000 - 5,000 Volusia County residents – will be idled by the end of 2010. Besides the negative impact on regional employment, obviously many regional businesses are partners with the space program. Save Our Space Program! is a campaign to keep the space program alive. Go to www.savespace.us for more information.

SBA LIMIT INCREASED – Starting this month, the Small Business Administration (SBA) is raising the cap on its guarantee of goodwill financing to $500,000. Historically, lenders were free to administer SBA-guaranteed loans with any amount of goodwill financing. But in March 2009, the SBA changed its rules so that guarantees for goodwill financing would be capped at $250,000, or 50 percent of the loan amount, whichever was lower. SBA spokeswoman Hayley Matz said the agency adjusted the cap after collecting data on goodwill financing to ensure small businesses have continued access to capital. For more information, go to the SBA website at www.sba.gov.

TRAILS AND THE GREEN – A workshop at DeBary Hall will address how trails can boost property values and capture the economic opportunities of eco-tourism. The event will be Friday, Nov. 6. For more information, or to register, go to http://tinyurl.com/greentrail, or contact Tara McCue at (407) 262-7772, or Tara@ecfrpc.org.

GUERRILLA MARKET RESEARCH – Learn how listening to and understanding your customer can be the key to success. The marketplace is littered with failures because they didn’t ask for, understand and/or heed the voice of the customer. The UCF Technology Incubator is sponsoring a lunch and learn forum on this topic, from 11:30 a.m. - 1 p.m. Thursday, Oct. 8, at University Tower, 12202 Research Parkway (2nd floor), Orlando. For more information and registration, contact Renee Ayala at (407) 882-0202 or e-mail rayala@mail.ucf.edu.

QUICKBOOKS LEVEL 2 AT SBDC – If you have a basic knowledge of QuickBooks and desire advanced learning in the areas of setting up and using inventory features, price levels, billing rate levels, budgeting, forecasting, payroll and more, this series is for you. The course is sponsored by the Small Business Development Center at Daytona State College and taught by a certified QuickBooks ProAdvisor. Classes start Oct. 5 and continue Oct. 12 and 19 at Daytona State College, bldg. 110, room 248. Call Nancy at (386) 506-4723 to register and make arrangements for payment.

FLORIDA-FRIENDLY LANDSCAPING – Amid mounting anxiety about Florida's shrinking supply of water, residential yards – especially those with St. Augustine grass – are getting a lot of the blame. Water authorities calculate that, on average, about half of the approximately 150 gallons used every day by a typical Florida resident goes to keeping the yard green. The prime keeper of wisdom on what qualifies as Florida-friendly landscaping is the state's Institute of Food and Agricultural Sciences. The agency offers much guidance on the concept through its county offices and its web site, http://fyn.ifas.ufl.edu/homeowners/nine_principles.htm

ONLINE BANKING SAVES TIME AND MONEY – More than two million American households adopted online banking and bill payment during the past year, raising the total to nearly 70 million, according to a new survey from financial services technology firm Fiserv Inc. Consumers avoid late charges due to postal delays and people who pay their bills online save time and postage compared with paying by check. Most banks guarantee their payments and the online service is free for account holders.

NEWS ITEMS WANTED! – Please send your business news items to Dave Byron, Volusia County Community Information Director, 123 W. Indiana Ave., DeLand, 32720-4612, by fax at (386) 822-5072 or by e-mail at dbyron@co.volusia.fl.us.

Department of Economic Development
700 Catalina Drive, Suite 200, Daytona Beach, FL 32114
Telephone:
386-248-8048   FAX: 386 238-4761   Toll Free: 800-554-3801

Phil Ehlinger
Interim Director

doed@volusia.org