Post on 21-Apr-2020
City of San Antonio, Texas
FY 2014 Proposed B d t Budget
Economic Development
Presented by: Rene Dominguez, Director
August 22 2013August 22, 2013
Agenda
• Department Overviewf • Performance Measures
• FY 2013 AccomplishmentsFY 2013 Accomplishments• FY2014 Programs &
Initiati es Initiatives • FY 2014 Proposed p
Budget• Conclusion
22
• Conclusion
City of San Antonio, Texas
Department Overview
Economic Development
Department OverviewMission Statement
To foster economic growth, through collaboration and To foster economic growth, through collaboration andinnovation,
for the continued prosperity of our community.f p p y f y
EconomicDevelopmentDevelopment
InternationalIndustryDevelopment
InternationalBusiness
Development
Small BusinessDevelopment
44
Department Overview
Industry Development
International Business Small Business Operations &
Monitoringp
• Business Retention & Expansion
• Foreign Direct Investment
B i
• SBEDA
• Education & C it
g
• Fiscal & Budgetary Operationsp
• Recruitment
• Analysis & Evaluation
• Business Expansion
• Trade Promotion
Capacity Building
• Small Business Liaison
p
• Contract Monitoring
• DelegateEvaluation
• Local & State Incentives
E it
Promotion
• Coordination
Liaison
• Outreach & Marketing
C fé
• Delegate Agencies
• Equity Investments
• Workforce
• Café Commerce
55
Industry Development
• In FY 2013, San Antonio will leverage $313 Milli i C t I t t d ill Million in Corporate Investment and will create and retain 3,527 jobs– $150 Million leveraged with $5 Million in City
Investment and 2,183 jobs$ 63 illi l d h h C i – $163 Million leveraged through Community wide efforts and 1,344 jobs
66
Total Jobs: COSA & EDF Past 5 Years
• City Generated/Retained Jobs between FY 2006 and FY 2008 is 1,614• In 2011 the City began a new business model in Partnership with the E i D l t F d ti d t d thi d l i il bl
8,652 10,000
Economic Development Foundation, data under this new model is available from FY 2009
1,485 3,415
4,440
6,758 5,670
3 382*
6,000
8,000
2,155
5,273 5,237
1,990 2,183
2,285 3,680 1,199
3,382*
2,000
4,000
‐FY 2009 FY 2010 FY 2011 FY 2012 FY 2013
City EDF
77
*Of the 3,382 jobs created, 1,406 jobs or 42 percent of the total jobs have been created as a result of Business Retetion and Expansion visits.
Industry Development
$5 million in City incentives leveraged over $150 millionin private capital investment – 30:1in private capital investment 30:1
EDD Incentivized Projects
Private Investment
Public InvestmentEDIF Tax AbatementProjects Investment EDIF Tax Abatement
Vanguard $8.5M $0.63M $0
Nexolon 115.0M 0.40M 2.0M
OCI 0 0.38M 0
HVHC ‐ Headquarters 1.0M 0.36M 0
HVHCHVHC –Manufacturing
25.0M 1.14M 0
Total Investments $149.5M $2.9M $2.0M
88
Performance MeasuresSmall Business
• Small Business Ordinance approved in 2010 and went into effect in 2011
• Mentor Protégé Program began in 2012
Performance Measure FY 2012 Actual
FY 2013 Target
FY 2013 Estimate
FY 2014 Target
• Mentor Protégé Program began in 2012
g g
% of total contract dollars paid to available minority/women owned businesses within the SA Metropolitan Statistical Area
15% 20% 27% 25%
# of small businesses enrolled in the Bonding Assistant and M P é é P
48 42 90 115
99
Mentor Protégé Program
Small Business OfficeAccomplishments
• SBEDA Utilization $81 Million paid to small minority and/or – $81 Million paid to small, minority, and/or women businesses (43%)• $58 million paid to minority/ women • $58 million paid to minority/ women
owned businesses (30%)• $23 million paid to small businesses (13%)• $23 million paid to small businesses (13%)
• Outreach Efforts15 Small Business Conference/Events– 15 Small Business Conference/Events
– 6 Vendor Registration Events54 Meetings with Stakeholder Groups
1010
– 54 Meetings with Stakeholder Groups
City of San Antonio, Texas
FY 2014 P & Programs & InitiativesInitiatives
Economic Development
FY 2014 Initiatives • Economic Development Incentive Fund - $1.75
million– Resources to attract, expand and retain businesses
and create new jobsi i– Stimulates development and investment across San
Antonio• International Business Development $500 000 • International Business Development - $500,000
– $300,000 in FY 2014 Proposed Budget and $200,000 in Carryover from FY 2013y
– Promotes and attracts foreign direct investment and assist local businesses with exporting initiatives
1212
FY 2014 Initiatives
• San Antonio Economic Development Corporation-$350 000Corporation $350,000– Facilitates economic development projects
with a focus on local startup companieswith a focus on local startup companies– SAEDC can fund projects and secure an
equity interest to potentially generate a equity interest to potentially generate a financial return on the City's investment
1313
Café Commerce
• One stop small business resource clearinghouse, with special emphasis on clearinghouse, with special emphasis on entrepreneurial mindset development
• Program Goals:g• Connect businesses
with available resources• Cultivate entrepreneurial
thinking• Coordinate the existing
resources within our
1414
business community
Disparity Study • Disparity Causation Analysis Study-$375,000
– Evaluates whether barriers exist in the marketplace that may prevent small, minority, and women-owned businesses from participating in City and private sector contracting opportunitiescontracting opportunitiesDisparity Study
YearOverall M/WBE
UtilizationOutcome
1988* 2% 1992 Disparity Study1988 2% 1992 Disparity Study
1992 10% Original SBEDA Ordinance
2010 16% Current SBEDA Ordinance2013-2014 TBD
(Currently 30%)Revisions to Current SBEDA
Ordinance
1515* Conducted by Hispanic Chamber
City of San Antonio, Texas
FY 2014 P d B d t Proposed Budget
Economic Development
Department Budget History
$4 3$5.0
Operating Budget History($ in Millions)
$1.5 $1.5 $1.9 $1 4
$3.2
$4.2 $4.2 $4.3 $3.8
$3.1 $3.0 $2 7$3 0
$4.0
$1.1 $1.4
$0.7 $0.6 $2.4 $2.7
$2.0
$3.0
$2.1 $2.7 $2.7 $2.4 $2.4 $2.4 $2.4 $2.4 $2.7
$‐
$1.0
$‐2006 2007 2008* 2009* 2010* 2011* 2012* 2013* 2014
ProposedGeneral Fund Other**
1717
* FY 2008 – FY 2013 amounts reflect Revised Adopted Budget** Other Category includes grants, WDC, SBEDA, & South Texas Business Fund
Department Position History
47 4550
Authorized Positions
1514 21 17
3640
43 45
35 3440
11 15 8 8 25 27
20
30
25 25 29 26 28 27 26 25 27
0
10
02006 2007 2008* 2009* 2010* 2011* 2012* 2013 2014
ProposedGeneral Fund Other**
1818
* FY 2008 – FY 2013 reflect Revised Adopted Budget** Category includes grants, WDC, SBEDA, & South Texas Business Fund
FY 2014 Budget Summary
($ in Millions)
FY 2013 Adopted
FY 2014 Proposed $ Change % Change($ in Millions) Budget Budget
Operating Budget(General Fund)
$2.42 $2.72 $0.30 12%( )
Workforce DevelopmentAgencies (General Fund)
1.88 1.79 (0.09) (5%)
SBEDA Di i S dSBEDA Disparity Study (General Fund)
N/A 0.375 0.375
SAEDC (General Fund) N/A 0.350 0.350
Economic DevelopmentIncentive Fund
4.00 1.75 (2.25) (56%)
1919
Total Budget $8.30 $6.99 ($1.31) (16%)
FY 2014 Efficiencies • Eliminate 1
Administrative Assistant Administrative Assistant position - $42,602
Duties will be – Duties will be reassigned to existing staffexisting staff
• Reduction in Japanese R t ti Representative contract - $125,000
2020
City of San Antonio, Texas
C l i Conclusion
Economic Development
Conclusion• Concentrate on economic development
infrastructure through partnerships and infrastructure through partnerships and department initiatives
• Adopt and implement p pcommunities economic development strategic plan
• Develop an international effort that includes community
di t d tcoordinated support• Promote small business
development and outreach2222
development and outreach
City of San Antonio, Texas
FY 2014 Proposed B d t Budget
Economic Development
Presented by: Rene Dominguez, Director
August 22 2013August 22, 2013