Update: Watermeier Out Within 4 to 6 Months

The leader of the local economic development alliance is out in four to six months.

Janet Watermeier, overlooking St Andrews Bay in Panama City, Florida on July 9, 2010.

Janet Watermeier will be out in four to six months.

Wednesday, the EDA’s executive committee met to discuss executive director Janet Watermeier’s future with the organization. Watermeier took recent funding issues in Callaway and Panama City as a personal attack. Both groups said they did not feel like their cities were getting anything for their money, and they cut how much they spend for the EDA, that prompted Watermeier to resign, saying she expected a media backlash, but the negative news coverage never came.

A week later, Watermeier sent another e-mail saying she now wants to stay on the job.

The EDA decided Wednesday Watermeier will be out of the local economic development alliance in four to six months.

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  • by truthful11 Location: Panama City on Sep 19, 2011 at 04:59 AM
    “ITT’s decision to expand its Bay County operations has a notable economic impact on our community,” said Janet Watermeier, executive director of the EDA. “For every 10 jobs ITT creates, an additional 10 jobs will be created in other areas of the local community. For every $100 that ITT spends, an additional $27 in sales will be generated by other Bay County companies. For every $100 that ITT spends in wages, an additional $46 will be earned by other Bay County workers.” This is how the EDA works helping much of the surrounding areas that contribute to it's budget.
  • by truthful11 Location: Panama City on Sep 19, 2011 at 04:55 AM
    This is one of the recent things Watermeier did: (September 6, 2011 – Bay County, FL) The Bay County Economic Development Alliance (EDA) is pleased to announce that ITT Corporation’s Panama City facility plans to expand its operations to a new, 100,000-square-foot building at VentureCrossings Enterprise Center at West Bay, near the new Northwest Florida Beaches International Airport, in mid-2012. The company will be the first commercial development in the business park built by The St. Joe Company in its 70,000-acre West Bay sector. ITT is projected to hire an additional 30 employees, increasing its total employment to 120, at an average annual wage of $49,500, exceeding 150 percent of Bay County’s average annual wage.
  • by truthful11 Location: Panama City Beach on Sep 18, 2011 at 06:37 AM
    Sorry, Pitfall, Panama City did not pay her entire $160,000 salary. The EDA has many funding sources that contribute to their budget. All the sources were presented at the public EDA qtrly. meetings. Just want this story to remain accurate. It's very sad when good people are the victim of politics. I hope Bay doesn't go back to it's old ways of keep the wages low and other businesses out.
  • by Richard Location: Panama City on Sep 15, 2011 at 04:21 AM
    $160,000 salary that takes over 38% of the EDA's total budget? They need to abolish this whole concept and find another way. Nobody is worth that kind of money. Good riddance if that kind of money was being wasted on her salary with the economy like it is...it sounds like greed had a lot to do with the creation of this agency!
  • by Pitfall Location: PC on Sep 14, 2011 at 08:05 PM
    Sorry truthful11, I've seen her in action and I'm not impressed. Panama City dropped funding for their own "business recruitment guru". They wasted $160,000 on this position in salary alone and not a single business relocated. The person(s) in charge of hiring these numb-skulls needs to be fired.
  • by truthful11 Location: PC on Sep 14, 2011 at 01:34 PM
    This lady is brilliant and worked hard. Bay Cty. was lucky some smart-minded people brought her here from a very successful career in S. Fl to a area with a new airport and brought in 1000's of jobs. She talked to over 30 businesses per qtr., battled competition of other areas who offered more to incoming businesses. Bay Cty. wouldn't provide tax incentives till recently on her urging, didn't put in sewer to airport so more buildings for businesses could be built to accomodate businesses. Gov't didn't provide Janet incentives to get business here and then turned on her. Didn't see Billy Radar at public qtrly. EDA meetings, yet he said on TV Janet didn't do anything for PC. The nay-sayers should of attended the EDA meetings to see how much she did do & jobs she did bring and they'd know now how stupid they look! Again good old boys against progress 1, progressive smart people 0! Also smart women have it tough in Bay County going up against dumb good ole boy network who want to keep the wages low for their businesses. Bay county lost big time! Shame on you!!
  • by Nightstalker Location: PC on Sep 14, 2011 at 12:46 PM
    I agree! As the saying goes "Know when to hold'em and know when to fold'em..lol
  • by jake Location: pc on Sep 14, 2011 at 12:43 PM
    Also read that she had asked the Board to terminate her so that she could receive a severance package of about $80,000. If she just quit, she wouldn't receive the severance pay. It all sounds kind of hinkey to me.
  • by OneEyeJacK Location: Panama City on Sep 14, 2011 at 10:18 AM
    She would not make a good Poker player.. She was bluffed and decided to fold. Advice: Watch more "Poker After Dark".
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