Harford County, Maryland FY 24 Proposed Operating Budget

OFFICE OF ECONOMIC DEVELOPMENT Index #651000

ORIGIN/PURPOSE: The Office of Economic Development was created by Harford County Code Chapter 9, Article XXXI, Section 186, and Bill No. 78-3 and amended by Bill No. 79-11 to advance the general economic welfare of the citizens of Harford County. The Office of Economic Development and its Economic Development Advisory Board market the County as an area for new business to relocate; strengthen expansion of resident industry and small businesses; explore programs that create job and career opportunities for County residents; and expand availability of financial resources for industry and small business. Per Executive Order 14-10 the Tourism Marketing Division of the Office of Economic Development was abolished and the services and functions absorbed by the non-profit organization "Visit Harford!". Per Executive Order 22-04 the Office of Economic Development and Housing and Community Development were separated and recreated as two separate departments. FY 24 GOALS: Stability and Growth: generate and retain quality employment and housing opportunities among Harford County-based companies to increase tax revenue. Development and Attraction: market the County for its premiere mid-Atlantic location, business climate, community resources, and robust logistics.

Entrepreneurial Innovation: maximize co-located services in support of business startups and entrepreneurs.

Strategic Alliances: support strategic alliances through leadership, financial, and consultation services in order to leverage opportunities within northeastern Maryland and the Greater Baltimore Region.

ALL FUND SUMMARY:

ORIGINAL BUDGET FY 23

EXECUTIVE PROPOSED FY 24

AUDITED FY 21

AUDITED FY 22

CHANGE FY 24 VS FY 23

SUMMARY BY CHARACTER:

10 PERSONAL SERVICES 20 CONTRACTUAL SERVICES 30 SUPPLIES AND MATERIALS 40 BUSINESS AND TRAVEL

1,189,096 1,205,851 321,111 247,560 14,224 29,685 15,804 34,383

1,376,152

1,496,152

120,000 (20,500) (15,950)

401,450 30,550 42,320

380,950 14,600 36,320

(6,000)

50 CAPITAL OUTLAY 70 MISCELLANEOUS

100

0

0

0

0

162,927 154,178

305,500

805,500

500,000

GRAND TOTAL

1,703,262 1,671,657

2,155,972

2,733,522

577,549

FUNDING SOURCE:

1,703,262 1,671,657

2,155,972

2,733,522

577,549

11 GENERAL

597