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Adopted FY 2014-15 Budget
BUDGET HIGHLIGHTS
The FY 14-15 Adopted Budget is decreasing by $224,873, or 16.6%.
The decrease is largely due to the cyclical timing of Economic Development Incentive reimbursements.
EDBS gains a full-time administrative position due to a position transfer from the Executive Department
.
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Appropriation
841,207
1,028,353
758,583
782,917
Full Time Equivalent Positions
1
1
1
1
Appropriation
357,743
325,641
370,538
380,142
Full Time Equivalent Positions
3
3
4
4
Division Strategies
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Workload Measures
Number of requests for business assistance completed
--
300
300
300
Number of face to face business consultations completed
--
100
100
100
Total number of FTE jobs created or retained county-wide as
a result of economic development incentive funding provided
--
200
200
300
Efficiency Measures
Percentage of small business assistance requests responded
to within 1 business day
95%
95%
95%
Number of weeks to respond to economic incentive requests
--
2
2
2
Effectiveness Measures
Dollar value ratio of non-City investment initiated as a result of
economic development incentives funded
--
--
1:30
1:30
Percentage of businesses seeking assistance satisfied with
services provided
--
--
90%
90%
2012-13
2013-14
2014-15
2015-16
Actual
Budget
Adopted
Projected
Expenditures:
Personnel Costs
321,280
373,454
407,178
421,520
Maintenance & Operations
877,670
980,540
721,943
741,539
Capital Outlay
0
0
0
0
Total
1,198,950
1,353,994
1,129,121
1,163,059
Total FTE Positions
4.000
4.000
5.000
5.000
Revenues:
Other
226,780
218,715
218,715
218,715
General Fund Contribution
972,170
1,135,279
910,406
944,344
Total
1,198,950
1,353,994
1,129,121
1,163,059
BUDGET SUMMARY
PERFORMANCE MEASURES
ECONOMIC DEVELOPMENT AND BUSINESS SUPPORT
Economic Development
Provides assistance to businesses seeking to expand or relocate in Greensboro; serves as City representative/liaison in the local, regional, and
state economic development organizations; monitors and provides local business condition information. This budget represents the City's
economic development incentive program expense.
Collaborate with external stakeholders and partner agencies by sharing expertise on business outreach, assistance, and education.
Business Support
Provides planning and operations support to startups and existing small businesses located in Greensboro. Activities include business
consultations and referrals to community small business resources, assistance in securing City required licenses and permits, education and
counsel on compliance with local ordinances and procedures for doing business with the City, communication of relevant opportunities and
events, and serves as a staff liaison between small businesses and City departments.
Increase collaboration between City departments to improve the climate for small business success in the city.
Partner in efforts to recruit new business/business expansion projects.
Manage requests for utilizing the Economic Development Fund, Economic Development Bond Fund, and incentive requests.
Elevate community understanding of City rules and regulations in relation to the creation and operation of a small business.
Provide individualized assistance that connects businesses to the resources and information needed to start, improve or expand.
PROGRAMS
