Page 132 - FortWorthFY23AdoptedBudget

General Fund

Summary of Services and Performance Measures

FY21 FY22 FY23
Key Measures Actual Actual Target Desired Level

Competitive Edge
Implement a more dynamic environment that embraces and fuels commercial development, high-wage job growth, and support for small
business startups.
Percent of incented projects with average wage at or 20.0% 66.7% 50% 50%
above the City of Fort Worth average wage

Percent of attracted jobs with average wage at or above 72% 92% 90% 90%
the City of Fort Worth median
Number of businesses served by providing substantial
services (incentives, referrals, permitting assistance, 858 298 100 100
etc.)

Increase in commercial property SF leased and/or built 10,952,029 8,321,771 5,000,000 5,000,000
Annual Increase in commercial property valuation 5.0% N/A 5.0% 5.0%

Creative Businesses
Raise the City of Fort Worth's profile as a leading center for creative people and businesses and encourage innovation

Number of new jobs in Target Industries 5,395 -16 5,000 5,000

Number of new companies in Target Industries 2,411 -185 200 200

Increase number of new Fortune 1000 companies in
Fort Worth 4 -2 5 5

Incentive Compliance and Planning
Ensure that all incentive agreements are reviewed for compliance with performance requirements and report findings to assist the
Planning & Data Analytics Department forecast expenditures during the fiscal year.

Total payments for Chapter 380 Incentive Agreements -12% -8.37% +/- 3% +/- 3%
are within 3% of budget estimates
Chapter 380 Incentive Agreements are reviewed by 30.6% 18.8% 90% 90%
Target Date of April 15th
Chapter 380 incentive grants are disbursed by August 94 97% 90% 90%
1st annually

Contract Administration

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