|
Economic Development Focus Area FY2008-09 |
| Initiative |
Measure |
Target |
Prior Year |
| 1. Promote a healthy business climate by implementing a strong business expansion and retention effort |
A.. Number of existing businesses visited through BusinessFirst Charlotte, the City's business retention & expansion program |
A. Total 400
(Business Corridors: 120) |
A. FY2007: 174 |
| |
B. Percentage of service requests from existing businesses successfully completed |
B. 80% |
B. FY 2007: 55% |
| 2. Ensure that small businesses have the opportunity to participate in informal City procurement and contracts |
A. Percentage of informal contracting dollars awarded to SBE's |
A. 10% |
A. FY 2007: 13.52% |
| |
B. Percentage of City contracting dollars awarded to Minority/ Women Business Enterprises (MWBEs) |
B-1 Construction less than $30,000: FY09 goal: 15.13%
B-2 Construction greater than $30,000: FY 09 goal: 15.41%
B-3 Architecture & Engineering: FY 09 goal: 12.82%
B-4 Goods & Services: FY 09 goal: 6.70%
B-5 Professional Services: FY09 goal: 17.67%
B-6 Other Services: FY09 goal: 9.14% |
B-1 FY2007 Achieved:
20.88%
B-2 FY2007 Achieved:
16.86%
B-3 FY2007 Achieved: 14.64%
B-4 FY2007 Achieved: 6.91%
B-5 FY2007 Achieved: 12.35%
B-6 FY2007 Achieved:
15.10%
|
| 3. Business Corridor Revitalization |
A. Complete development of priority projects including:
- Begin implementation of ULI recommendations for Eastland Mall
- Begin implementation of North Tryon Corridor Study Phase I/ Seg I
- Complete Phase II Independence Blvd. Land Use & Infra-structure Study
- Complete development of Belvedere Business Park |
A-1. Complete and implement 100% of City Council approved plans and studies
A-2 Complete and implement Council approved Plans studies and RFP process |
A. Complete and implement 100% of plans, studies and Scaleybark RFP
A-2 New Measure |
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B. Development of urban market information for five priority corridors |
B. Complete development of market information and distribute to potential investors and businesses |
B. New Measure |
| 4. Promote infill development/ redevelop-ment in the Center City, distressed business districts and neighborhoods, and transit stations. |
A. Building Permit value of construction in the Center City, Business Services Program Geography, and within 1/2 mile of identified transit station locations |
A-1. $500 million
A-2 Increase investment in each targeted business corridor and transit station area by 5% |
FY04: $300,751,265
FY05: $321,885,295
FY06: $403,130,909
FY07: $732,528,837
A-2 FY07 figures:
$195,875,361 - 1/2 mile of transit stations
$33,737,555 - Wilkinson/ Freedom Area
$2,909,638 - Rozzelles Ferry
$8,231,385 - N. Tryon
$3,942,019 - Eastland Mall Area
$8,535,054 - Beatties Ford Area |
| 5. Work with internal and external partners to grow Charlotte's hospitality industry |
A. Hospitality tax revenues |
A. 7% increase over 2008 |
A. Base = 11%
FY04: 7.1%
FY05: 7.8
FY06: 19%
FY07: 27% |
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B. Convention Center utilization |
B. 54% |
B. FY04: 52%
FY05: 39%
FY06:46%
FY07: 48% |
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C. Room nights generated by amateur sports |
C. 5% increase |
C. FY05: 57,262
FY06: 94,582
FY07: 89,039 |
| 6. Permitting Process Improvements |
A. Improve Efficiency of Plan Review |
A. Implement 80% of Permitting Report recommendations by end of FY09 Average plus/minus 2.5 reviews on all plans submitted for FY09 |
A. Permitting Improvements Report adopted by City Council |
| 7. Area Plan Implementation |
A. Implementation of capital projects recommended in area plans |
A. Initiate two new area plan capital projects by June 2009 |
A. Area Plans inventory presented to Council |
