Page 137 - Microsoft Word - FY 2021 tax info sheet

ECONOMIC DEVELOPMENT DEPARTMENT
ADMINISTRATION DIVISION (100-14-141)

SERVICE LEVEL ANALYSIS:
FY 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted
SERVICES PROVIDED Actual Budget YE Proj. Budget
Recruitment:
Business Recruitment List 103 100 240 150
Recruited Businesses Opened 2 N / A 5 3
Recruitment Scouting Trips 3 N / A 6 1 2
Incentive Applications 105 N/A 2 2
Active Incentive Agreements 79 N/A 4 5
Façade Improvement Grant Apps 1 N / A 2 5

Promotion:
KIIK FB Posts 174 200 175 175
KIIK FB Post Avg Impressions 1,082 N/A 753 917
Business Participation in KIIK Events 48 N/A 67 65
Active Newsletter Subscribers 994 N/A 1,320 1,518
KIIK Website Sessions 36,514 N/A 28,030 30,000

Retention:
BRE Surveys 0 100 0 400
Ribbon Cuttings/Grand Openings 20 25 18 20

Expansion:
# Businesses Identified for Expansion 15 20 0 10
Business Expansions 0 5 2 2

Performance Indicators
New Businesses 53 65 30 35
Businesses Closed/Relocated 41 N/A 16 15
Net New Businesses 12 N/A 14 20
Retail Occupancy Average Rate** 96% 95.00% 93.00% 93.00%
Office Occupancy Average Rate** 90% 90.00% 91.00% 92.00%
Property Tax Base ($ Millions) $ 6,089.79 $ 6,008.35 $ 6,008.35 $ 6,248.69

Sales Tax Revenue $ 14,468,462 $ 12,976,494 $ 14,240,962 $ 14,400,458
** As indicated by third party consultant

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