FY 26 Approved Operating Budget

OFFICE of ECONOMIC DEVELOPMENT

O ffi ce of Economic Development

Cost Center 651000

ORIGIN & PURPOSE : The O ffi ce 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 O ffi ce 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 fi nancial resources for industry and small business . 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 , fi nancial , 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 23 Audited FY 24 Audited FY 25 Approved Budget

FY 26 Approved Budget

$1,309,064

$1,413,729

$1,387,526

$1,547,924

SALARIES AND WAGES

$235,284

$283,007

$554,450

$490,850

CONTRACTUAL SERVICES

$13,365

$22,280

$18,350

$20,375

SUPPLIES AND MATERIALS

$40,760

$20,976

$33,620

$35,820

BUSINESS AND TRAVEL

$0

$40

$0

$0

CAPITAL OUTLAY

$141,978

$471,829

$555,500

$555,500

MISCELLANEOUS

INTER-GOVERNMENTAL / INTER-FUND EXPENDITURES

$0

$143

$0

$0

$1,740,452

$2,212,004

$2,549,446

$2,650,469

TOTAL

643