EDD 2014 Proposed Budget FINAL - San Antonio · • International Business Development - $500 000...

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


Department Overview


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


• 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.


$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


FY 2014 P & Programs & InitiativesInitiatives


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


FY 2014 P d B d t Proposed Budget


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


C l i Conclusion


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


FY 2014 Proposed B d t Budget


Presented by: Rene Dominguez, Director

August 22 2013August 22, 2013

EDD 2014 Proposed Budget FINAL - San Antonio · • International Business Development - $500 000...

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