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BUDGET HIGHLIGHTS
The FY 17-18 Budget is decreasing by $156,263, or by 11.1%.
The FY 17-18 Budget includes performance-based incentive payments to Procter & Gamble, Honda
Aircraft Company, Charles Aires and Coilplus for existing industry expansion projects that supported the
creation of 598 new jobs and new capital investment of $326,188,372.
The FY 17-18 Budget includes the reduction of 1 FTE for an Assistant City Manager Position, and a
transfer of 1 FTE to the Economic Development Fund.
2015-16
2016-17
2017-18
2018-19
Actual
Budget
Adopted
Projected
Appropriation
1,329,640
1,411,406
1,255,143
1,658,066
Full Time Equivalent Positions
4
4
2
2
Division Strategies
2015-16
2016-17
2017-18
2018-19
Actual
Budget
Adopted
Projected
Workload Measures
Number of requests for business assistance
completed
250
300
250
250
Effectiveness Measures
Dollar value ratio of non-City investment initiated as
a result of economic development incentives funded
1:42
1:30
1:30
1:30
Percentage of businesses seeking assistance
satisfied with services provided
90%
90%
90%
90%
2015-16
2016-17
2017-18
2018-19
Actual
Budget
Adopted
Projected
Expenditures:
Personnel Costs
451,228
432,391
136,971
140,930
Maintenance & Operations
878,412
979,015
1,118,172
1,517,136
Capital Outlay
0
0
0
0
Total
1,329,640
1,411,406
1,255,143
1,658,066
Total FTE Positions
4.000
4.000
2.000
2.000
Revenues:
Other
75,085
0
0
0
General Fund Contribution
1,254,555
1,411,406
1,255,143
1,658,066
Total
1,329,640
1,411,406
1,255,143
1,658,066
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.