Page 104 - City of Colleyville FY22 Adopted Budget

and promotion grants, and an advertising grant program coupled with businesses giving to
local charities.

Entrepreneurism:

The City seeks to support local entrepreneurs and encourage the growth of new businesses
in town. To that end, the City has opened the Colleyville Business Center. The partnership
with the Colleyville Chamber of Commerce and SCORE provides a one-stop-shop to support
businesses at any stage, as well as private offices and workstations available for rent.

Performance Measures & Vital Statistics

FY 2022
Performance Measures FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
Target
Colleyville retail occupancy
rate 97% 95.2% 93.2% 93.9% 93.2% 93%

Colleyville office
occupancy rate 93% 93% 91.7% 90.5% 87.8% 90%

Percentage growth in sales
of sales tax revenue 0.5% 4.0% (0.2%) 8.0% 14% 2.00%
(General Fund)

Department Resources

FY 2022 General Fund Economic

Development:
$247,411
Assistant City

Manager Contractual, Supplies, $2,435 , 1%
$41,340 , 17%

Colleyville Center Personnel,
& Colleyville $203,636 , 82%
Business Center
Manager*

*Funded in other budgets

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