HIGHLIGHTS: COVID-19 Task Force Meeting with Ron DeSantis and Others on 4/20/2020

Today, Governor Ron DeSantis hosted a conference call with members of the Re-Open Task Force Executive Committee to discuss the re-opening of Florida’s economy.

DeSantis began the meeting by sharing some updated statistics on the coronavirus outbreak. He claimed that New York has nearly 25 times as many fatalities than Florida, even though Florida has 2M more people. Florida’s fatality statistics show that 82-85% of fatalities are age 65+. Miami-Dade, Broward, and Palm Beach Counties represent 60% of COVID-19 cases and over 60% of hospitalizations. DeSantis reiterated that the National Guard is helping by completing spot testing throughout the state. Current data shows Florida has 26K+ positive cases, 3,800+ hospitalizations, and 789 fatalities.

Testing: • 266K total tested; 1 for every 65 Floridians o Ratio is a bit higher in southeast Florida • New York has tested 617K • California has tested 280K

Hospitalizations per 100K Residents: • 87.2 - New York • 86.9 - New Jersey • 54.4 - Connecticut • 54.1 - Massachusetts • 9.8 - Florida

ICU Hospitalizations per 100K Residents: • 25.8 - New York • 22.8 - New Jersey • 13.5 - Michigan • 3.5 - Florida

Economic Update: The Florida Chamber of Commerce President/CEO Mark Wilson gave an economic update to the members on the call. Attached to this email is a PowerPoint that includes more data on Florida’s economy and workforce. The Florida Chamber of Commerce Chief Economist Dr. Jerry Parrish also spoke on the call shedding light on rural Florida issues. They both claimed that: • Florida has the 20th most diversified economy • 79% of General Revenue comes from sales use tax • If Florida was its own nation, it would be the 17th largest economy in the world • 17% GDP is generated by real estate, providing 2% of jobs • 4% GDP is generated by tourism, providing 11% of jobs • 3.4M out of 10M jobs are currently at risk • 21% of Florida’s population is 65+

Paycheck Protection Loans: Task force member Alex Sanchez, President/CEO of the Florida Bankers Association, chimed in to say that banks are processing $18B worth of paycheck protection loans for Florida businesses.

Antibody Test: Gov. DeSantis and State Surgeon General Dr. Scott Rivkees briefly talked about the antibody tests. DeSantis reiterated the Stanford University study results and stated that 100K antibody tests are supposed to be delivered this week. SG Rivkees claimed the curve is flattening and remaining stable. He added that all 67 county health departments are working collaboratively, and he is looking into lifting the ban on elective surgeries.

Florida’s 5 Step Plan: 1. Social Distancing 2. Testing 3. Elderly and vulnerable populations 4. Surge of supplies to hospitals and health care workers 5. Screening Travelers

Supplies: Division of Emergency Management Director spoke next on the call. DEM and the Governor are working on getting full reimbursements from the federal government. Moskowitz stated that within a 90-day period after they received 7,500 mission requests, within 30 days of the coronavirus outbreak they have received 15K mission requests.

Over the next 48 hours, Long-Term Care Facilities will be Receiving: • 5M Masks • 200K Face Shields • 500K Gloves

Total to Long-Term Care Facilities: • 7M Masks • 1M Gloves • 500K+ Face Shields • 160K Gowns

Total to all Health Care Facilities: • 12M masks • 6M Gloves • 800K Face Shields • 650K Shoe Covers • 330K Gowns • 150K Containers of Hand Sanitizer • 50K Goggles • 28K Coveralls • 18K Tie-back Suits

Moskowitz added that DEM has 450 contract doctors and nurses on standby, ready to be deployed. He went on to discuss the available field hospitals that are stocked and ready in case of a surge. Adding that Florida is supporting the eight largest testing sites in the state and is looking to ramp up testing in counties such as Palm Beach, Miami-Dade, Hillsborough, Orange, Leon, and Duval. Moskowitz updated the other members by letting them know that DEM has requested 15 federal strike teams and are receiving 90 individuals to help with health care staffing in long-term care facilities and nursing homes. He emphasized that DEM is also preparing for the 2020 Hurricane season. Additionally, he claimed that since March 15th, a total of $369M hurricane recovery funds have been dispersed to local governments across the state. Lastly, Moskowitz urged business leaders, as they contemplate a staggered plan for re-opening, to consider its effect on the PPE supply chain. He said re-opening in Suwannee County wouldn’t have the same impact on PPE supply as re-opening Miami-Dade County.

Agency for Health Care Administration: AHCA Secretary Mary Mayhew gave an update talking about the 700+ nursing homes and 3,000+ assisted living facilities that help serve over 160K Floridians. She stated that AHCA has completed over 1,300 onsite visits as well as over 11K calls focused on infection prevention protocols. She added that over 6,000 ventilators are currently available in the state. Mayhew went on to say that AHCA has provided additional flexibilities for health care facilities, such as waiving some rules and suspending certain payments. She encourages health care facilities to work together and thanked those that are already doing so. Lastly, Mayhew added that AHCA has identified over 30K beds that could be used in case of a surge.

Members of the Re-Open Florida Task Force Executive Committee are as follows: • Lieutenant Governor Jeanette Nuñez, Lieutenant Governor of Florida • , Florida Chief Financial Officer • , • President Bill Galvano, President, • Speaker Jose Oliva, Speaker, Florida House of Representatives • Senator , President-Designate, Florida Senate • Representative , Speaker-Designate, Florida House of Representatives • Commissioner , Commissioner of Education • Jamal Sowell, President & CEO, Enterprise Florida, Inc. • Mayor Carlos Gimenez, Mayor, Miami-Dade County • Mayor Dale Holness, Mayor, Broward County • Mayor David Kerner, Mayor, Palm Beach County • John Couris, President & CEO, Tampa General Hospital • Josh D’Amaro, President, Walt Disney World Resort • Todd Jones, CEO, Super Markets • Syd Kitson, Chairman, Board of Governors for the State University System • Paul Reilly, Chairman & CEO, Raymond James Financial • Alex Sanchez, President & CEO, Florida Bankers Association • Eric Silagy, President & CEO, Florida Power & Light Company • John Sprouls, CEO, Universal Orlando Resort, Executive Vice President, Universal Parks & Resorts • Patrick Sunderlin, Vice President, Global Supply Chain, Lockheed Martin Corporation • Joe York, President, AT&T Florida and Caribbean

Calendar: • Working group meetings start tomorrow, Tuesday, April 21st at 10:00AM o Working groups will be divided into high, medium, and low industries • Executive committee meetings will meet daily beginning tomorrow, Tuesday, April 21st at 2:00PM • Unless otherwise stated, the final meeting will be on Friday, April 24th at 2:00PM

*You can listen to the meeting HERE.

Re-open Florida Presented to Governor Ron DeSantis’ Re-open Florida Task Force BY: Mark Wilson, President and CEO, Florida Chamber of Commerce, Dr. Jerry Parrish, Chief Economist, Florida Chamber Foundation

April 20, 2020 Florida At A Glance (Pre COVID-19)

3rd most populated State in America and growing 900 people every day 810 are from other states and countries

Florida was creating 1 in every 11 NEW U.S. Jobs since 2015

At $1.1 trillion, Florida is world’s 17th largest economy with a Florida 2030 Blueprint goal of 10th by 2030

Adding $1.19 million in income migration per hour (24/7/365)

Unemployment at 2.8% (291,000 unemployed), with 340,800 OPEN and UNFILLED jobs (Feb 2020)

20th most diversified economy in U.S. with a Florida 2030 Blueprint goal of

Top 12 by 2030 2 www.theFloridaScorecard.org

Florida Industry Diversification by MSA

Diversification Rankings #1 Lakeland-Winter Haven MSA #2 Palm Bay-Melbourne-Titusville MSA #3 Naples-Immokalee-Marco Island MSA #4 Miami-Ft. Lauderdale-West Palm Beach MSA #5 Orlando-Kissimmee-Sanford MSA #6 Cape Coral-Ft. Myers MSA #7 Jacksonville MSA #8 Tampa-St. Petersburg-Clearwater MSA #9 Ocala MSA #10 North Port-Sarasota-Bradenton MSA

Data Source: Florida Gulf Coast University, Regional Economic Research Institute. Q3 2019 data Reopening in Florida will need to be more surgical 20% Share of tax receipts coming from Tourism than in other states for at least 4 reasons Share of general revenues coming from Sales 79% and Use Taxes

of Florida’s population is aged 65 or older 21%

the beginning of the hurricane season in Florida 6/1

4 GDP and jobs share by sector

2019 GDP share of total, % 2019 employment share of total, %

Real Estate 17 2 Government 11 12 Healthcare 9 13 Professional services 7 7 Retail 7 12 Wholesale trade 7 4 Finance & insurance 6 4 Construction 5 7 Manufacturing 5 4 Accommodation & food (tourism) 4 11 Administrative 4 8 Information 4 1 Transportation 3 3 Other 3 4 Management 2 1 Recreation & sports 2 3 Utilities 2 0 Education 1 2 Agriculture 1 0 Mining 0 0

5 Jobs at risk analysis factors the risk of occupations that are performed in close proximity to other employees and to the public Based on the analysis of risk profile of more than 800 occupations

Total vulnerable jobs in Florida, thousands

Accommodation & food (tourism) 913 Retail 736 Construction 279 Administrative 237 Recreation & sports 217 Healthcare 211 Government 147 Transportation 118 Real Estate 117 Wholesale trade 93 Manufacturing 89 Personal & laundry 88 Professional services 76 Education 59 Finance 47 Religious & Labor unions 40 Repair & maintenance 38 Information 28 Management 17 Utilities 9 Mining 1 Agriculture 0

6 Sizable impact on small businesses

0-99 employees 100-499 employees 500+ employees

Private Industry vulnerable jobs by company size Total private sector (%, K) jobs impacted (%) Accommodation & food (Tourism) 42% 13% 45% 913 100% = 3,412,102 Retail 22% 5% 73% 736 Construction 69% 18% 13% 279 Administrative 10% 6% 84% 237 Recreation & sports 27% 20% 53% 217 36% Healthcare 38% 20% 42% 211 0-99 Government 147 Transportation 22% 10% 68% 118 Real Estate 47% 13% 40% 117 Wholesale trade 44% 16% 40% 93 100-499 12% Manufacturing 34% 20% 46% 89 Personal & laundry 65% 9% 25% 88 Professional services 53% 13% 34% 76 Education 33% 18% 49% 59 Finance & insurance 16% 10% 74% 47 Religious & Labor unions 69% 15% 16% 40 Repair & maintenance 71% 6% 22% 38 500+ 52% Information 19% 10% 70% 28 Management 3% 9% 88% 17 Utilities 7% 14% 79% 9 Mining 44% 8% 48% 1 Agriculture 91% 9% 0

7 Potential GDP scenarios

Real GDP, Indexed Real GDP Growth – COVID-19 Crisis History 2020 GDP Time to Return to Pessimistic scenario Indexed, 2019 Q4=100 Growth Pre-Crisis Optimistic scenario % Change Quarter 110

105 -2.3% 2020 Q4 100

95

90 -8.9% 2024 Q2 85 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2019 2020

8 Potential risk by sector

Risk Low (<20% jobs at risk) Medium (20-40% jobs at risk) High (40%+ jobs at risk) Healthcare Utilities Accommodation & food (Tourism) Agriculture Education Recreation & sports Management Administrative Retail Government Wholesale trade Real Estate Professional services Manufacturing Construction2 Finance & insurance Mining Transportation Information

% of Florida GDP1 35.5 23.3 38.5

% of Florida jobs1 37.7 19.5 38.8

1. Does not include others 2. Approach will be adapted to different subsectors 9 Potential risk by sector and company size

Share of jobs at risk in SMEs (<500 employees) in parentheses Risk Low (<20% jobs at risk) Medium (20-40% jobs at risk) High (40%+ jobs at risk)

Healthcare (58%) Utilities (21%) Accommodation & food (Tourism) (55%) Agriculture (91%) Education (51%) Recreation & sports (47%) Management (12%) Administrative (16%) Retail (27%) Government (0%) Wholesale trade (60%) Real Estate (60%) Professional services (66%) Manufacturing (54%) Construction2 (87%) Finance & insurance (26%) Mining (52%) Transportation (32%) Information (30%)

% of Florida GDP11 35.5 23.3 38.5

% of Florida jobs1 37.7 19.5 38.8

# SME firms 141K 82K 182K

Total Employment 3.4M 1.8M 3.5M

#jobs in firms with <100 employees 24.8% 24.7% 37.6%

#jobs in firms with 100-499 employees 10.6% 12.4% 11.7%

# jobs in firms with 500+ 64.6% 62.9% 50.7% employees

1. Does not include others 2. Approach will be adapted to different subsectors 10 Sectors mapped based on the size of the sector, share of jobs at risk, and risk profile Risk profile Share of GDP Percent High Medium Low Size of bubble = # jobs at risk 18 17 Real Estate 16 15 14 13 12 11 Government 10 9 Healthcare 8 Professional services 7 Wholesale trade Retail Finance & insurance 6 Manufacturing Construction 5 Accommodation & food (tourism) 4 Information Transportation 3 Administrative Recreation & sports 2 Management Utilities 1 Education Agriculture Mining 0 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 82 84 86 88 90 92 94 Jobs at risks %

11 Detailed data by sector

High1 Total jobs Jobs at risk Jobs at risk #jobs in firms with <100 employees #jobs in firms with 100-499 employees #jobs in firms with 500+ employees Accommodation & food (Tourism) 1,030,395 912,837 88.6% 430,734 132,588 467,073 Recreation & sports 250,811 216,832 86.5% 66,968 51,106 132,737 Retail 1,119,514 736,145 65.8% 242,656 60,815 816,043 Real Estate 194,770 116,505 59.8% 90,793 25,157 78,820 Construction 610,052 278,639 45.7% 418,461 111,937 79,654 Transportation 292,680 118,149 40.4% 63,976 28,508 200,196

Medium1 Total jobs Jobs at risk Jobs at risk #jobs in firms with <100 employees #jobs in firms with 100-499 employees #jobs in firms with 500+ employees Utilities 23,406 8,843 37.8% 1,750 3,207 18,449 Education 162,715 58,632 36.0% 54,142 28,690 79,883 Administrative 711,316 236,724 33.3% 70,897 39,382 601,036 Wholesale trade 349,279 92,971 26.6% 152,032 57,622 139,625 Manufacturing 372,781 88,812 23.8% 127,137 75,922 169,722 Mining 4,005 952 23.8% 1,770 304 1,930 Information 134,549 27,699 20.6% 26,200 13,682 94,668

Low1 Total jobs Jobs at risk Jobs at risk #jobs in firms with <100 employees #jobs in firms with 100-499 employees #jobs in firms with 500+ employees Healthcare 1,193,261 211,342 17.7% 456,955 232,813 503,492 Agriculture 2,927 500 17.1% 2,656 - 271 Management 111,031 17,008 15.3% 3,293 10,048 97,690 Government 1,102,818 147,329 13.4% - - 1,102,818 Professional services 605,087 76,148 12.6% 318,232 79,183 207,672 Finance & insurance 384,915 46,997 12.2% 60,399 39,410 285,105

1. Does not include others 12 Tax receipts Annual Avg Receipts Avg Percent by industry Rank Category 2018-19 2018-19 $Billion 1 Automotive Dealers 4.00 14.4% 2 General Merchandise Stores 3.71 13.3% 3 Restaurants and Catering Services 2.74 9.8% 4 Lease or Rental of Commercial Real Property 1.91 6.8% 5 Hotel/Motel Accommodations 1.72 6.2% 6 Food & Beverage Stores 1.34 4.8% 7 Building Materials Dealers 1.31 4.7% 8 Wholesale Dealers 1.09 3.9% 9 Amusement & Recreation Services 1.05 3.8% 10 Apparel & Accessory Stores 1.01 3.6% 11 Manufacturing 0.75 2.7% 17 Consumer Electronics, Computers, Music Stores 0.63 2.3% 18 Home Furniture, Furnishings & Equipment 0.59 2.1% 19 Utilities, Electric, Gas, Water, Sewer 0.56 2.0% 20 Rental of Tangible Personal Property 0.41 1.5% 21 Automotive Accessories & Parts 0.37 1.3% 22 Automobile Repair & Services 0.35 1.2% Total 23.55 84.4% For more information contact:

Mark Wilson at [email protected]

Dr. Jerry Parrish at [email protected]

14