Economic Development

ECONOMIC DEVELOPMENT

DESCRIPTION

The Department of Economic Development promotes enhanced job opportunities and broadens the tax base of the City of Suffolk through the recruitment and retention of business and industry, maintains and encourages the continuation of a favorable business environment for businesses to locate and expand within the City, and attracts and encourages new national and international businesses to locate and invest in Suffolk. The Department provides staff support to the Economic Development Authority (EDA) and oversees the divisions of Aviation Facilities and Tourism.

CITY COUNCIL TARGET AREA FY 23 OBJECTIVES

Expanded Economic Development Create a vibrant downtown by implementing the downtown master plan and reviewing policies for new investment in the downtown corridor. Create new industry and jobs and promote entrepreneurship. Retain and enhance existing businesses. Continue to explore opportunities to enhance and streamline the development review process. Facilitate development of public and privately owned property. Facilitate partnerships between Suffolk Public Schools and the business community for workforce development and career opportunities.

PERFORMANCE MEASURES CY 20 CY 21 CY 22 Actual Actual Estimated

Number of jobs created

475 907 1,250 Amount of capital investment $84.8M $181M 250M Square footage of capital investment 766,000 2,500,000 2,500,000 Existing industry visits 480 468 485

Account Number: 100-815002019-2020 2020-2021 2021-2022 2022-2023 % 2022-2023 %

Actual Actual Budget Requested Change Adopted Change

51100.02 Salaries and Wages 51100.04 Salaries and Wages - Overtime 51100.14 Transportation Expense 52100 FICA 52210 VRS Retirement 52400 Group Life 53100 Professional Services 53500 Printing and Binding 54100 Information Technology 54200 Fleet 54500 Risk Management 55210 Postal Services 55230 Telecommunications 55500 Travel and Training 55671 Economic Development Investment Program 55810 Dues and Association Memberships 55846 Marketing 56001 Office Supplies 56012 Books and Subscriptions 56017 Copier Costs $ 429,829 $ 355,935 $ 515,925 $ 515,925 0% $ 457,195 -11% 130 - - - - - -

8,400 8,147 8,400 31,928 26,818 39,468 45,915 42,695 64,336 4,000 -52% 4,000 -52% 39,468 0% 34,975 -11% 64,336 0% 63,459 -1%

5,721 5,800 6,913 - 42,940 70,000 533 721 4,000 29,766 31,502 30,541 4,339 4,248 4,459 53,156 48,174 46,657 4,493 394 5,000 6,545 6,880 6,622 11,270 3,965 30,000 6,913 0%

6,126 -11% 70,000 0% 70,000 0% 4,600 15% 4,000 0% 30,541 0% 35,529 16% 4,459 0% 5,122 15% 46,657 0% 57,930 24% 5,000 0% 5,000 0%

6,622 0%

9,136 38% 30,000 0% 30,000 0%

80,745 427,705 - - -

- 94,731 108,244 114,500 120,000 5% 120,000 5% 106,702 165,010 178,500 180,000 1% 180,000 1% 2,594 2,244 1,750 - - 350 1,750 0% 350 0% 1,750 0% 350 0%

8,311 5,523 12,026 12,026 0% 12,026 0%

Total Operating Expenditures

$ 925,108 $ 1,286,945 $ 1,139,447 $ 1,142,647 0% $ 1,096,599 -4%

53100 - Professional Services: Conceptual site plans for commercial / industrial sites, legal support for EDA. 53500 - Printing & Binding: Promotional material, Direct Mail Campaigns. 55671 - Economic Development Investment Program: Funds are reserved with accumulating balance reappropriated annually for expenditure.

Personnel Summary

Range Class

Director of Economic Development 223 Assistant Director of Economic Development 218 Business Development Manager 217 Economic Development Manager 214 Business Development Analyst 210 Economic Development Associate

Number of Full-Time Positions 2019-2020 2020-2021 2021-2022 2022-2023 Actual Actual Budget Requested

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

6 6 6 6

2022-2023 Adopted

1 1 1 1 1 1

6