Page 145 - Hurst Budget FY21
P. 145

CITY OF HURST


                                                                                       0233 ECONOMIC
           GENERAL FUND                             DEVELOPMENT                         DEVELOPMENT



                      Market the city and HEB area at ICSC events and expos at national, state and regional
                       levels.
                      Use Business Leadership Luncheon series to train and educate Hurst businesses.
                      Develop and promote an incentivized commercial property enhancement program.
                      Offer a business friendly zoning, site plan and platting process that assures city interests
                       are considered in development in a timely manner.
                      Continue marketing city and HEB area at specific events.
                      Explore ways Police  Department can assist with keeping the mall safe, vital and
                       community friendly/



                                           PERFORMANCE MEASURES


                 Input:                                  PY Actual         CY Estimate          Projected


                 Staff                                        1                  1                   1
                 Operating budget                         $212,189           $215,715            $215,715

                 Gross retail square footage             6,250,000           6,250,000          6,500,000

                 Businesses                                1,323               1,336               1,341
                 Workload/Output:


                 Taxable value increase/decrease            +2%                 +1%                +1%
                 New taxable commercial value               +6%                 +5%                +5%

                 New businesses                             107                 125                120

                 Direct business visits                     250                 250                250
                 Effectiveness:
                 Published economic development
                 articles                                     5                  6                   7
                 Business leadership training
                 conducted                                    5                  6                   6
                 Efficiencies:
                 Direct contacts made with real
                 estate representatives                     200                 200                200
                 Economic development marketed
                 at events                                    5                  5                   5








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