edd 2014 proposed budget final - san antonio · • international business development - $500 000...
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City of San Antonio, Texas
FY 2014 Proposed B d t Budget
Economic Development
Presented by: Rene Dominguez, Director
August 22 2013August 22, 2013
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Agenda
• Department Overviewf • Performance Measures
• FY 2013 AccomplishmentsFY 2013 Accomplishments• FY2014 Programs &
Initiati es Initiatives • FY 2014 Proposed p
Budget• Conclusion
22
• Conclusion
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City of San Antonio, Texas
Department Overview
Economic Development
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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
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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
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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
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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.
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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
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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
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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
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City of San Antonio, Texas
FY 2014 P & Programs & InitiativesInitiatives
Economic Development
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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
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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
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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
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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
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City of San Antonio, Texas
FY 2014 P d B d t Proposed Budget
Economic Development
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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
$‐2006 2007 2008* 2009* 2010* 2011* 2012* 2013* 2014
ProposedGeneral Fund Other**
1717
* FY 2008 – FY 2013 amounts reflect Revised Adopted Budget** Other Category includes grants, WDC, SBEDA, & South Texas Business Fund
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Department Position History
47 4550
Authorized Positions
1514 21 17
3640
43 45
35 3440
11 15 8 8 25 27
20
30
25 25 29 26 28 27 26 25 27
0
10
02006 2007 2008* 2009* 2010* 2011* 2012* 2013 2014
ProposedGeneral Fund Other**
1818
* FY 2008 – FY 2013 reflect Revised Adopted Budget** Category includes grants, WDC, SBEDA, & South Texas Business Fund
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FY 2014 Budget Summary
($ 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%)
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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
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City of San Antonio, Texas
C l i Conclusion
Economic Development
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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
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City of San Antonio, Texas
FY 2014 Proposed B d t Budget
Economic Development
Presented by: Rene Dominguez, Director
August 22 2013August 22, 2013