Adopted Budget 2015-2016
ECONOMIC DEVELOPMENT AND BUSINESS SUPPORT
2013-14
2014-15 Budget
2015-16 Adopted
2016-17 Projected
PROGRAMS
Actual
Economic Development Planning and Business Support Provides oversight and staffing support of City economic development activities specifically related to business recruitment, business retention and expansion, strategic planning, urban development projects and site readiness, and community partner and small business support services. This budget includes the City’s economic development incentive program expense which supports activities towards the creation of new full-time employment, retention of existing jobs, and growth of the tax base in the City of Greensboro.
1,081,158
1,129,121
1,173,394
1,127,643
Appropriation
Full Time Equivalent Positions
4
5
4
4
Division Strategies
Collaborate with external stakeholders and partner agencies by sharing expertise on business outreach, assistance, and education. Provide individualized assistance and counseling that connects businesses to the resources needed to start, improve or expand operations. Partner in efforts to recruit new business/business expansion projects. Manage requests for utilizing the Economic Development Fund, Bond fund, and Incentive Program. Elevate community understanding of City rules and regulations in relation to the creation and operation of a small business. Collaborate with departments and community partners on economic development and quality of life initiatives.
2013-14
2014-15 Budget
2015-16 Adopted
2016-17 Projected
PERFORMANCE MEASURES
Actual
Workload Measures Number of requests for business assistance completed Effectiveness Measures Dollar value ratio of non-City investment initiated as a result of economic development incentives funded provided
256
300
360
400
--
1:30
1:30
1:30
2013-14
2014-15 Budget
2015-16 Adopted
2016-17 Projected
BUDGET SUMMARY
Actual
Expenditures:
Personnel Costs
305,529 775,629
407,178 721,943
423,585 749,809
434,980 692,663
Maintenance & Operations
Capital Outlay
0
0
0
0
Total
1,081,158
1,129,121
1,173,394
1,127,643
Total FTE Positions
4.000
5.000
4.000
4.000
Revenues: Other
202,799 878,359
218,715 910,406
0
0
General Fund Contribution
1,173,394
1,127,643
Total
1,081,158
1,129,121
1,173,394
1,127,643
BUDGET HIGHLIGHTS The FY 15-16 Budget is increasing by $44,273, or 3.9%. The FY 15-16 Budget includes a reduction of one vacant FTE.
51
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