Page 261 - Cover 3.psd

DEPARTMENT / DIVISION FUND
ECONOMIC DEVELOPMENT – ADMINISTRATION PROMOTIONAL FUND
PROGRAM NAME
ECONOMIC DEVELOPMENT
2016-17 2017-18 2018-19
PERFORMANCE MEASURES ACTUAL REVISED ESTIMATED
Goal: Targeted Economic Development
Budget Amount $440,881 $454,733 $468,953
# Of staff 3.00 3.00 3.00
Total # of brick n mortar businesses 1,350 1,370 1,385
# Of new brick n mortar businesses 83 80 75
# Of closed brick n mortar businesses 53 60 60
Net business count +30 +20 +15
Total # of BIG program participants 20 22 24
Total taxable sales $993,150,600 $1,025,000,000 $ 1,056,538,952
Taxable sales (increase/decrease) +2.60% +3.20% +3.00%
Taxable sales per person (total population) $14,574.51 $14,876.63 $15,180.16
Taxable sales per business $735,667 $748,175 $762,844

Taxable commercial real property value $810,676,815 $896,865,828 $1,188,901,227
“New” taxable commercial property value $6,795,023 $16,492,769 $10,000,000
Taxable commercial property (increase/decrease) +4.80% +10.60% +8.20%
Taxable business property value $219,713,550 $235,421,055 $352,439,024
Gross retail square footage (in millions) 5.48 sq ft 5.52 sq ft 5.57 sq ft
Gross office square footage (in millions) 2.21 sq ft 2.22 sq ft 2.23 sq ft

# Of unique visitors to Economic Development website 18,346 18,900 19,710
# Of Economic Development website page views 27,899 28,700 29,200
# Of direct business visits 100 100 100
# Of direct business visits per staff 50 50 50
# Of unique visitors to Economic Development website per day 50 52 54
# Of Economic Development website page views per day 76 78 80
Taxable property value per $1 Economic Development budget $8,684 $8,886 $9,799
Taxable sales per $1 Economic Development budget $2,253 $2,254 $2,253

257