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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.
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
Projected
Appropriation
1,081,158
1,129,121
1,173,394
1,127,643
Full Time Equivalent Positions
4
5
4
4
Division Strategies
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
Projected
Workload Measures
Number of requests for business assistance
completed
256
300
360
400
Effectiveness Measures
Dollar value ratio of non-City investment initiated as
a result of economic development incentives funded
provided
--
1:30
1:30
1:30
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
Projected
Expenditures:
Personnel Costs
305,529
407,178
423,585
434,980
Maintenance & Operations
775,629
721,943
749,809
692,663
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
218,715
0
0
General Fund Contribution
878,359
910,406
1,173,394
1,127,643
Total
1,081,158
1,129,121
1,173,394
1,127,643
BUDGET SUMMARY
PERFORMANCE MEASURES
ECONOMIC DEVELOPMENT AND BUSINESS SUPPORT
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.
PROGRAMS
Collaborate with external stakeholders and partner agencies by sharing expertise on business outreach, assistance, and education.
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.
Provide individualized assistance and counseling that connects businesses to the resources needed to start, improve or expand
operations.
Collaborate with departments and community partners on economic development and quality of life initiatives.