FY 23 Approved Budget Book

OFFICE OF COMMUNITY AND ECONOMIC DEVELOPMENT Office of Economic Development Index #651000

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE CONTRACTUAL SERVICES no change in funding from FY 22

401,450

401,450

0

Other Professional Services - funds provide for the MD Economic Development Association, Economic Alliance of Greater Baltimore, Army Alliance, Manufacturing and Distribution Council, Technical Master Plan, STEM Intern, Northeast MD Technical Council, Small Business Development Center, BRAC Prep, Entrepreneurs Edge.

30,550

30,550

0

SUPPLIES AND MATERIALS no change in funding from FY 22 Funding provides for general office supplies, printing and other supplies and materials.

42,320

42,320

0

BUSINESS AND TRAVEL no change in funding from FY 22 Funds provide for Training Seminars and Courses to provide increased professional development for staff; as well as Membership Fees and Dues, fuel, transportation and lodging expenses.

MISCELLANEOUS no change in funding from FY 22

175,000

175,000

0

Grants & Contributions - Susquehanna Workforce Network @ $20,000; GroundFloor/Small Business Initiatives @ $100,000; and Transfer/Commercialization/Incubation @ $55,000 Other Grants & Contributions - Workforce Development Training @ $100,000; Economic Development Opportunity Fund @ $28,000 & Chesapeake Science and Security Corridor (CSSC) Micro Enterprise Fund @ $2,500

130,500

130,500

0

741