Page 192 - Grapevine Budget FY21

FY 2020-21 APPROVED OPERATING BUDGET
4B CAPITAL IMPROVEMENTS AND
4B ECONOMIC DEVELOPMENT SUMMARY
FUNDS 122 AND 124

2017-18 2018-19 2019-20 2019-20 2020-21
EXPENDITURES BY OBJECT Actual Actual Budget Estimate Approved

Personnel Services 487,265 512,099 523,466 523,165 533,637
Supplies 6,678 9,233 6,300 26,376 5,600
Maintenance - 6,712 - 16,132 -
Services 1,098,204 707,735 2,231,816 2,672,874 1,481,620
Insurance - 66,293 58,097 56,816 51,141
Transfers 14,591,741 1,736,070 1,707,394 1,707,394 1,691,723
Bond Expense 17,212,082 - - - -
Total 33,395,970 3,038,142 4,527,073 5,002,757 3,763,721

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.
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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
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businesses and City departments to assist with required permitting, utility service arrangements, building and fire codes, and zoning
and occupancy issues.

2017-18 2018-19 2019-20 2019-20 2020-21
PERFORMANCE INDICATORS Actual Actual Budget Estimate Approved

Support Targeted real estate development:

- Complete a market and site context analysis on 185 1 1 0 0 1
acre City owned tract
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 ED 12 12 12 12 12
partnership meetings
- Network and retention events attended 18 15 18 18 20
- Leads obtained from network and retention events 35 50 35 35 60
- 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 study 1 0 0 0 1

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