FY 2024-25 Adopted Budget Book

DEPARTMENT: ECONOMIC DEVELOPMENT

PROGRAM: DESOTO DEVELOPMENT CORPORATION

MISSION To promote, plan, finance and create opportunities for the attraction, growth and retention of enterprises that enhance the tax base, quality of life and level of employment for the citizens of DeSoto, Texas GOALS AND OBJECTIVES • Increase the net sales tax revenue by at least 5% above FY23 actuals. • Increase employment opportunities by a minimum of 100 jobs. • Expand Business Retention and Expansion program. • Develop strategies to attract professionals in the medical, manufacturing, technology, legal, science and engineering fields. • Partner with Dallas Entrepreneur Center to create and implement viable options for start-up & innovation. SERVICE LEVELS Quantifiable Factor(s)

FY 2025 Target

FY 2022 Actuals

FY 2023 Actuals

FY 2024 Actuals

Activity Demand/Workload Sales tax increase (%) over prior year

N/A N/A N/A

N/A N/A N/A

+/- 9.0%

5% 100

Number of jobs created

191

Number of companies contacted / surveyed Efficiency/Effectiveness Measures Number of DEC program participants Number of outbound recruiting trips / conferences

58

40

FY 2022 Actuals

FY 2023 Actuals

FY 2024 Actuals

FY 2025 Target

N/A N/A

N/A N/A

49 37

25 20

214

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