FY 25 Harford County Approved Operating Budget

OFFICE of ECONOMIC DEVELOPMENT Ofce of Economic Development Cost Center 651000

ORIGIN & PURPOSE: The Ofce 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 Ofce 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 fnancial resources for industry and small business. Per Executive Order 14-10 the Tourism Marketing Division of the Ofce of Economic Development was abolished and the services and functions absorbed by the non-proft organization "Visit Harford!". Per Executive Order 22-04 the Ofce of Economic Development and Housing and Community Development were separated and recreated as two separate departments. GOALS: Stability and Growth: Generate and retain quality employment 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, fnancial, and consultation services in order to leverage opportunities within northeastern Maryland and the Greater Baltimore Region.

DIVISION SUMMARY BY CHARACTER

Office of Economic Development by Character

FY 22 Audited

FY 23 Audited

FY 24 Approved Budget

FY 25 Approved Budget

SALARIES AND WAGES

$1,205,852

$1,309,064

$1,687,453

$1,387,526

CONTRACTUAL SERVICES SUPPLIES AND MATERIALS

$249,334

$235,284

$380,950

$554,450

$29,793

$13,365

$14,600

$18,350

BUSINESS AND TRAVEL

$34,384

$40,760

$36,320

$33,620

MISCELLANEOUS

$154,178

$141,978

$805,500

$555,500

TOTAL

$1,673,541

$1,740,452

$2,924,823

$2,549,446

649