Economic Development Budget Presentation FY2012

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Rochester Economic Development presents FY 2012 Budget Commentary to the Rochester City Council May 30, 2011

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  • MetroNECTA = Metro New England City and Town Area (statistical area)
  • Economic Development Budget Presentation FY2012

    1. 1. FY 2012 Budget Request Economic Development Department Public Presentation to City Council May 31, 2011
    2. 2. We’re on a Mission! <ul><li>To deliver the highest level of professional services in three areas: </li></ul><ul><ul><li>Direct to Business Services </li></ul></ul><ul><ul><li>Community Marketing </li></ul></ul><ul><ul><li>Strategy Development & Implementation </li></ul></ul>
    3. 3. Professional Staff <ul><li>Karen Pollard, CEcD, EDP </li></ul><ul><li>Economic </li></ul><ul><li>Development </li></ul><ul><li>Manager </li></ul>Mary Ellen Humphrey, MEd Economic Development Specialist Samantha Rodgerson, CLP Economic Development Secretary II
    4. 4. General Fund Expenditures <ul><li>Change +$7,976 +3.91% </li></ul><ul><li>Salaries -$39 </li></ul><ul><li>Benefits +$5,385 </li></ul><ul><li>Staff Development +$375 </li></ul><ul><li>Travel +$1,000 </li></ul><ul><li>Office Supplies +$400 </li></ul><ul><li>Admin Equip +$800 </li></ul><ul><li>Dues & Fees +$455 </li></ul>Granite State College Expansion
    5. 5. ED Fund Expenditures <ul><li>Change -$495,800 </li></ul><ul><li>Communications -$200 </li></ul><ul><li>Admin Equip -$600 ($12,000 Transferred to CIP) </li></ul><ul><li>Community Services (Rochester Main Street) No Change </li></ul><ul><li>Transfer to GF (Opera House) No Change </li></ul><ul><li>Transfers - $0 (FY 2011 GSBP) </li></ul>Think Rochester Trade Show Booth
    6. 6. Rochester Main Street <ul><li>City contribution is only part of funding </li></ul><ul><li>2006 to 2010 </li></ul><ul><ul><li>ROI $1=$27.01 </li></ul></ul><ul><ul><li>356 projects </li></ul></ul><ul><ul><li>Investment $3,786,951 </li></ul></ul><ul><li>2010 Volunteer Hours 4,316 = $87,399 value </li></ul><ul><li>Festivals & Events </li></ul><ul><li>Central Square </li></ul><ul><li>Factory Court </li></ul><ul><li>Clean Up Day </li></ul><ul><li>www.rochestermainstreet.org </li></ul>Parson Main Statue in Central Square
    7. 7. Economic Development Fund <ul><li>Balance in fund $82,000 </li></ul><ul><li>Request Host Community Fee Transfer $159,000 </li></ul><ul><li>Handout: Projects & Department Activities </li></ul>Laars Heating Systems Expansion & Ground Breaking

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