Page 276 - City of Mansfield FY22 Operarting Budget

Performance Measures
Actual Actual Budget Budget
MEDC 2018/2019 2019/2020 2020/2021 2021/2022
Demand
Value of MEDC Projects $ 33,975,000 $ 180,000,000 $ 35,673,750 $ 35,673,750

Businesses Retained 98% 98% 98% 98%

Contractual MEDC Commitments $ 970,000 $ 5,071,150 $ 1,018,500 $ 1,018,500
Workload
Value of MEDC Projects $ 33,975,000 $ 180,000,000 $ 35,673,750 $ 35,673,750

Businesses Retained 98% 98% 98% 98%
Contractual MEDC Commitments $ 970,000 $ 5,071,150 $ 1,018,500 $ 1,018,500

New Capital Investment $ 6,400,000 $ 180,000,000 $ 6,720,000 $ 6,720,000
Business Expansions 4 2 2 2
Jobs Created or Retained by Activity 220 45 250 100
Productivity
Contracted Projects 1 1 4 3
New Capital Investment $ 6,400,000 $ 180,000,000 $ 6,720,000 $ 6,720,000

Average Monthly Visits to Industry 20 20 20 20
Jobs Created or Retained by Activity 220 45 250 100
Effectiveness

Value of MEDC Projects $ 33,975,000 $ 180,000,000 $ 35,673,750 $ 35,673,750
Businesses Retained 98% 98% 98% 98%
Contractual MEDC Commitments $ 970,000 $ 5,071,150 $ 1,018,500 $ 921,500

New Commercial Business 1 1 3 3

Measurable Outcomes:
• Sale of MEDC owned land in the Mansfield International Business Park.
• Location of new office facilities or desirable retail/restaurants identified.
• Incentive strategy developed.

MEDC 2019-2020 2020-2021 2021-2022 2021-2022
Full Time Equivalent Positions Budget Budget Budget Change
Director 1 1 1
Business Development Manager 1 1 1
Business Retention Manager 1 1 1
Administrative Assistant 1 1 1
Total 4 4 4 0

Contact: Richard Nevins, 817-728-3650

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