Florida Chamber Series on Free Enterprise: Quint Studer

 

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Pensacola Business Leader Quint Studer: Economic Development Is Key

In the latest edition of the Florida Chamber’s Series on Free Enterprise, Quint Studer, Founder of Studer Family of Companies and Pensacola businessman, shares why economic development is vital for growing Florida’s small businesses.

“I think economic development really creates a quality of life that attracts people to your area. We’re living in the first history where the generation of people move for location and then look for a job,” Studer said. “If we can keep growing small businesses, I think that’s really the key. I come back to making sure that we either have the talent available to move into this area, because they want to live in Florida, or until we develop them.”

 

 

 

Click Below to Listen to Quint Studer

                                                      

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Quint Studer is Helping Lead Pensacola’s Turnaround

 

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Authored by: Quint Studer, Studer Family of Companies

The Cambridge Dictionary defines economic development as, “the process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved.” This is what Quint Studer, Florida Chamber Board of Governors member and founder of the Studer Community Institute, is doing in Pensacola.

Prior to its recent revitalization, entrepreneur, investor and author Quint Studer described Pensacola’s state as a “death spiral.” Today, everything has changed.

Mr. Studer and community leaders engaged residents and business owners to help create a vibrant community. With the help of the Studer Community Institute, progress on important economic and social goals was tracked via the Dashboard. The community began a series of civic conversations, called “CivicCon,” which the Studer Community Institute also helped host.

The business community was instrumental in Pensacola’s success. They galvanized as a group and focused on economic development.  They participated in leadership training, monthly round tables and mentored new entrepreneurs. They came together to learn (and teach) the skills businesses needed to thrive long term.

The result? Downtown Pensacola is thriving and new businesses are popping up everywhere. There is more downtown construction taking place in Pensacola than at any time in modern history. Many new stores, restaurants, and other businesses have opened up downtown. There’s a new baseball stadium on the waterfront, and since 2012 the Double-A team the Blue Wahoos (partially owned by Quint Studer) have drawn more than 300,000 fans per year to Pensacola.

Also, property values are soaring: In the past five years, the Community Redevelopment Agency (CRA) went from an assessed property value of $675 million to $850 million, which equates to 25.9 percent growth. Finally, there are projects worth $100 million being built right now that don’t count toward this total.

Outsiders have taken notice, too. Pensacola was named the 2017 Great Places of Florida People’s Choice Winner, following a poll administered by the American Planning Association of Florida. And this year National Geographic Traveler magazine named Pensacola in a story celebrating urban renewal, great main streets, and smart development policies.

Quint Studer wants other communities to experience the success that has happened in Pensacola. That’s why he is sharing the story in his latest book: Building a Vibrant Community, which is set for an April 2018 release. Thanks to visionary leaders like Quint Studer, Pensacola’s future is bright.

 

Help Florida’s Economy Continue to Grow

Growing and diversifying Florida’s economy is essential to creating jobs and opportunities for Floridians. Sign the petition today and help us continue to signal that Florida is open for business and ready for economic development.