Page 93 - CityofKennedaleFY23Budget
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FUND OVERVIEW: EDC FUNDS
R EV EN U ES
The Economic Development Corporation (EDC) includes $1M in revenues, representing an
increase of $66k from prior year.
The main sources of revenue in the EDC Fund are sales taxes and rental income, which account
for 60% and 29%, respectively of total EDC revenue.
The City will utilize Kennedale Hometown Christmas to build a family-oriented hometown feel
with the slogan of “You’re here, Your Home”. The Town Center Plaza as a benchmark of our
Town Center Development area and will be the focal point of the event, attracting new
businesses and tourists to existing businesses.
This budget includes $20k for business incentive to attract local retail shops; $6k for traffic
counters to measure traffic volume to accurately identify traffic flow and direction for potential
retail development; and $7k for a City commercial to enhance the visibility of a thriving City to
enhance the quality of life and the development of a hometown feel
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