Page 234 - Grapevine FY20 Approved Budget

Economic Development Fund
124-124-001

Expenditures by 2016-17 2017-18 2018-19 2018-19 2019-20
Major Object Actual Actual Budget Estimate Approved

Personnel Services 458,904 487,265 504,552 490,823 523,466
Supplies 7,104 6,678 6,300 9,234 6,300
Maintenance 0 0 0 6,712 0
Services 1,380,132 1,078,510 1,489,871 550,822 2,231,816
Insurance 0 0 58,083 66,293 58,097
Transfers 17,699,621 27,345,873 1,702,444 1,627,041 1,707,394

Total 19,545,762 28,918,326 3,761,250 2,750,925 4,527,073

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.

2016-17 2017-18 2018-19 2018-19 2019-20
Performance Indicators Actual Actual Budget Estimate Approved

Support Targeted real estate development:
- Complete a market and site context analysis 1 1 0 0 1
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Business retention and new business development:
- Local business visits 45 50 100 100 120
- Broker meetings 10 10 20 20 30
- Presentations to Chamber of Commerce and 12 12 12 12 12
ED partnership meetings
- Network and retention events attended 18 15 18 18 20
- Leads obtained from network and retention 35 50 35 35 60
events
- Trade shows attended 5 5 5 5 5
- Social media posts 1,000 250 200 200 300
Market analysis and trends:
- Retail and transit oriented development 1 0 0 0 1
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