Page 139 - Saginaw FY19 Annual Budget

CITY OF SAGINAW
GOALS, OBJECTIVES AND PERFORMANCE MEASURES
2018-2019

ECONOMIC DEVELOPMENT

GOAL: To support, promote, enhance, and diversify the local economy through business recruitment, retention, and
information-sharing. To increase commercial product, workforce capacity, tax revenues, and business offerings for
consumer use in Saginaw.

City FY 2017-2018 FY 2017-2018 FY 2018-2019
Strategy Department Goal Department Achievement Department Goal
Hired new Director of Economic
Development in May 2018
Adopted formal Incentive Policy &
Maintain service Promote development to enhance tax Application in June 2018 Promote commercial development to
and staffing levels base. enhance tax base.
Director achieved Certified Economic
Developer designation from the
International Economic Development
Council in September 2018

LONG TERM OBJECTIVES

Acquire additional sit-down and fast-casual restaurants within the City.

Ensure the retention and expansion of industrial development which helps balance the tax base.

Administer and maintain existing economic development incentives in the manner authorized by State Law.

Act as public liaison for all commercial sites in the City in an effort to assist in appropriate development.

Establish and enact a Business Retention & Expansion program.

2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
PERFORMANCE MEASURES
ACTUAL ACTUAL ACTUAL ACTUAL BUDGET
Estimated # of Meetings with Prospects 30 32 35 31 35
Estimated # of Meetings with Existing
Businesses. 22 35
Estimated # of DRC Meetings Attended 3 5 7 4 7
Estimated # of Lead Responses Issued 2 5
Estimated # of Trade Shows/Expos/Site
Meetings 8

% of Existing Businesses Retained For 3+ Years 75% 75% 75% 85% 75%
Please note that Performance Measures were modified in FY 2017-2018 with the enhanced Economic
Development program; therefore historical data is not available for all measures..

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