Page 246 - NRH FY20 Approved Budget

DEPARTMENT / DIVISION FUND
ECONOMIC DEVELOPMENT – ADMINISTRATION GENERAL AND PROMOTIONAL FUNDS
PROGRAM NAME
ECONOMIC DEVELOPMENT
2017-18 2018-19 2019-20
PERFORMANCE MEASURES ACTUAL REVISED ESTIMATED
Goal: Targeted Economic Development
Budget Amount $454,733.00 $468,953.00 $476,459.00
# Of staff 3.00 3.00 3.00
Total # of brick n mortar businesses 1,377 1,407 1,432
# Of new brick n mortar businesses 80 83 75
# Of closed brick n mortar businesses 48 53 50
Net business count +32 +30 +25
Total # of BIG program participants 22 24 26
Total taxable sales $1,027,998,100 $1,039,588,700 $1,060,380,474
Taxable sales (increase/decrease) +3.5% +1.1% +2.0%
Taxable sales per person (total population) $14,920.15 $14,819.93 $14,830.50
Taxable sales per business $746,549.09 $738,869.01 $740,489.16

Taxable commercial real property value $889,955,025 $957,985,558 $1,005,884,836
“New” taxable commercial property value $37,820,342.00 $15,328,395.00 $25,000,000.00
Taxable commercial property (increase/decrease) +14.8% +7.6% +5.0%
Taxable business property value $211,993,450 $224,856,677 $236,099,510
Gross retail square footage (in millions) 5.51 sq ft 5.55 sq ft 5.57 sq ft
Gross office square footage (in millions) 2.23 sq ft 2.25 sq ft 2.27 sq ft

# Of unique visitors to Economic Development website 13,455 15,473 16,000
# Of Economic Development website page views 26,349 28,500 29,600
# 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 37 42 44
# Of Economic Development website page views per day 72 78 81
Taxable property value per $1 Economic Development budget $9,717.00 $10,224.93 $10,565.41
Taxable sales per $1 Economic Development budget $2,260.66 $2,216.83 $2,225.54

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