Page 176 - Grapevine FY19 Operating Budget

Economic Development Fund
124-124-001

Expenditures by 2015-16 2016-17 2017-18 2017-18 2018-19
Major Object Actual Actual Budget Estimate Approved

Personnel Services 437,428 458,904 473,576 472,629 504,552
Supplies 20,454 7,104 6,300 6,287 6,300
Services 1,462,028 1,380,132 1,370,412 1,367,671 1,489,871
Insurance 0 0 0 0 58,083
Transfers 1,910,433 17,699,621 1,852,777 1,809,955 1,702,444

Total 3,830,343 19,545,762 3,703,065 3,656,542 3,761,250

Objectives

The Economic Development Department provides assistance in business attraction, relocation, and retention
for the City of Grapevine. The department will plan, market, and direct the business recruitment, retention, and
- expansion programs for the City. Identifying quality business prospects and creating and executing successful
marketing campaigns to attract those businesses to Grapevine is a top priority.

Departmental goals include maintaining positive relationships with developers, brokers, and other business
professionals in order to encourage business expansion consistent with the City's mission and vision. The
- department also serves as a liaison between new businesses and City departments to assist with required
permitting, utility service arrangements, building and fire codes, and zoning and occupancy issues.

2015-16 2016-17 2017-18 2017-18 2018-19
Performance Indicators Actual Actual Budget Estimate Approved

Support Targeted real estate development:
- Complete a market and site context analysis 1 1 1 1 0
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Business retention and new business development:
- Local business visits 124 45 45 5 100
- Broker meetings 100 10 10 20 20
- Presentations to Chamber of Commerce and 8 12 12 12 12
ED partnership meetings
- Network and retention events attended 53 18 18 18 18

- Leads obtained from network and retention 14 35 35 40 35
events
- Trade shows attended 5 5 5 60 5
- Social media posts 130 1,000 1,000 200 200

Market analysis and trends:
- Retail and transit oriented development 1 1 1 1 0
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