FINAL ADOPTED BUDGET 2020-2021

We have a great opportunity to be a City that provides the services necessary and expected, to preserve and support our community and employees, and prepares for the present and future challenges.

Strategic Goals Create an environment that promotes economic development opportunities and job creation. The City of Greensboro s approach to economic development focuses on job creation, facilitating private business and expansion in our city, and providing enhanced access to City contracting opportunities through the continued implementation of our enhanced Minority and Women s Business Enterprise (MWBE) program. In November 2016, Greensboro citizens approved a $126 million bond referendum that included $38.5 million dedicated to economic development efforts. The Downtown Streetscape Master Plan has been completed through a significant public involvement effort. Design work is already underway for downtown streetscape improvements to Greene Street, Summit Avenue, Eugene Street, Davie Street and Bellemeade Street. These projects are expected to begin construction by Spring 2021. Improvements will create a safe, comfortable and well connected streetscape system. Improvements for South Elm Street/Union Square ($4.5 million), additional investments in east Greensboro ($5 million) and city wide infill development ($4 million) are also funded through this bond referendum. The FY 20 21 budget includes economic development incentive payments to HAECO, Charles Aris, Coca Cola Bottling Company, Qorvo, and Centric Brands for existing industry expansion projects that have created at least 954 new jobs and capital investment of $169.9 million. Incentive payment is also included for Self Help Ventures Fund to support the redevelopment of Revolution Mill that has supported a capital investment of more than $82 million. City Council has approved economic development incentive support for The Fresh Market, Syngenta and PACTIV, as well as a new industry to Greensboro, Sunlight Batteries USA, Inc. These new projects have a combined estimated investment of $86.6 million with at least 124 new jobs and 1,029 retained jobs. PLAN IT GSO was the name of the effort underway to update Greensboro s Comprehensive Plan, which is the primary growth policy document for the City. The City wrapped up over 150 public events that included dozens of public engagement events ranging from workshops, pop ups at public events, focus groups and online discussions netting over 6,000 individual contributions of input on the long term vision and goals for the next twenty years. The updated plan, now called GSO 2040 is anticipated to be adopted in June 2020 and take effect on September 1, 2020. The City of Greensboro continues to focus on the development of water and sewer infrastructure for the Greensboro Randolph Megasite project. This regional and public/private project will develop approximately 1,825 acres of land in northern Randolph County with expectations of landing one or more advanced manufacturing companies, creating jobs and significant capital investment. The first phase of the water and sewer project will start in fall of 2020. Publix, a food processing and distribution facility expected to create 1,000 new jobs, is currently under construction east of Greensboro. Sewer for this project is planned for construction in late 2020. The Greensboro Transit Authority (GTA) provides a vital transportation service that is a key component of our efforts to support economic development and opportunity. The service continues to evolve and improve to meet the financial challenges of providing this service, including introducing a new fleet of electric buses, the first for any North Carolina municipality. The recommended budget includes service adjustments and continued General Fund support necessary to sustain transit services. The MWBE program is a critical element of the City s economic development initiatives. In February 2019 City Council adopted enhancements to the Greensboro Code of Ordinances and M/WBE Program Plan (effective July 1, 2019) intended to increase utilization of minority and women owned businesses in City contracting. While we still have areas that need improvement, the numbers show that the City achieved overall M/WBE utilization of 20.27% for 2019. Construction achieved a 17.38% MBE and 10.62% WBE. Professional Services achieved 12.21% MBE and 2.90% WBE. Goods and Services achieved 2.90% MBE and 1.41% WBE.

Adopted 2020-21 Budget

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