DeSoto FY21-FY22 Budget Book

ACTIVITY SUMMARY

DEPARTMENT

ACCOUNT 125‐035‐035

PROGRAM/ACTIVITY BUSINESS ATTRACTION AND GROWTH

ECONOMIC DEVELOPMENT

MISSION/PROGRAM DESCRIPTION

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

* It is the Economic Development Department's responsibility to enact and administer a comprehensive Business Retention and Expansion process. *It is the Economic Development Department’s responsibility to act as an ombudsman for the development community and work within the City's operating structure to ensure the zoning/entitlement/ construction process is clear and efficient. It is a major goal of the Economic Development Department to provide excellent customer service and to have our customers feel that we are part of their team. *It is the Economic Development Department’s responsibility to develop programs and policies that expand the City's tax base and ensure the long‐term economic vitality of the City of DeSoto. * It is the Economic Development Department's responsibility to facilitate development/redevelopment of key commercial areas throughout the City in coordination with the City's aspirational and regulatory documents. *It is the Economic Development Department’s responsibility to increase employment opportunities within the City by attracting new business/industry and increasing new capital investment in the City of DeSoto. *It is the Economic Development Department’s responsibility to aggressively promote the state, region, sub‐region and city alongside State and regional partners while implementing a robust marketing program aimed at City specific growth targets.

PERFORMANCE MEASURES/SERVICE LEVELS

FY 2019 Actuals

FY 2020 Actuals

FY 2021 Actuals

FY 2022 Target

Quantifiable Factor(s)

Activity Demand/Workload Development Project Inquiries

NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA

NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA

NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA

20 20 10

Number of Zoning Requests Received

Number of Site Plans Received

Number of Certificates of Occupancy Reviewed Regional/National Industry Conferences Attended

140

8

Efficiency/Effectiveness Measures M&O Budget Per Capita M&O % of General Fund Budget Vacancy Rate ‐ Commercial/Retail

$58.54

100.00%

<9.5% <1.0%

Vacancy Rate ‐ Industrial Approved Zoning Requests

12

Approved Site Plans

8

Approved Certificates of Occupancy

112

Square Feet of Developed/Redeveloped Space

300K Sq. Ft.

Number of Jobs Created

150

Amount of Capital Investment

$50M

213

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