TOURISM AND STATE DEVELOPMENT
GOVERNOR'S RECOMMENDED FY 2005 BUDGET
0410 Economic Development

MISSION:
To work together with businesses, government organizations, educational institutions, and individual citizens to maximize and leverage public-private sector partnerships to generate new ideas, to develop new businesses, to strengthen existing businesses, and to encourage additional investment in South Dakota to improve the quality of life for all South Dakotans.

  ACTUAL
FY 2002
ACTUAL
FY 2003
BUDGETED
FY 2004
REQUESTED
FY 2005
GOVERNOR'S RECOMMENDED
FY 2005
RECOMMENDED INC/(DEC)
FY 2005
FUNDING SOURCE:
   General Funds $2,135,224 $2,241,819 $2,205,445 $2,205,445 $3,305,445 $1,100,000
   Federal Funds 10,186,344 9,910,645 10,442,753 10,442,753 10,442,753 0
   Other Funds 7,298,910 8,832,940 9,904,158 13,154,158 13,154,158 3,250,000
      Total $19,620,478 $20,985,405 $22,552,356 $25,802,356 $26,902,356 $4,350,000
 
EXPENDITURE DETAIL:
   Personal Services $1,944,021 $1,880,117 $2,282,772 $2,282,772 $2,282,772 $0
   Operating Expenses 17,676,457 19,105,287 20,269,584 23,519,584 24,619,584 4,350,000
      Total $19,620,478 $20,985,405 $22,552,356 $25,802,356 $26,902,356 $4,350,000
 
Staffing Level FTE: 37.3 15.0 43.8 43.8 43.8 0.0

  ACTUAL
FY 2002

ACTUAL
FY 2003

ESTIMATED
FY 2004

ESTIMATED
FY 2005

REVENUES:  
      
Total

$0

$0

$0

$0
PERFORMANCE INDICATORS:  
   Existing Industries Expanded/Calendar Year 541 466 500 550
   New Jobs Created/Calendar Year 2,633 2,398 2,500 2,750
   Capital Investment Reported (Millions) $238.5 $165.9 $200.0 $225.0
   REDI Loans 22 23 20 20
   Total Loans Approved (All Funds) 71 53 80 80
   REDI Loan Dollars Approved (Millions) $8.1 $17.0 $10.0 $10.0
   Total Outside Dollars Leveraged (Millions) $40.5 $90.0 $45.0 $60.0
   Future Fund Awards 87 74 60 60
   Community Development Block Grants:
   Grant Requests Received 64 105 60 60
   Grants Awarded 49 95 40 40
   Awards (Millions) $13.2 $17.0 $15.0 $10.0
   Active Grants 155 200 200 175
   Project Dollars Expended (Millions) $8.3 $9.6 $20.0 $15.0
   State Energy Program:
   Grant Requests 17 27 25 25
   Grant Awards 13 23 20 20
   Active Grants 4 8 20 20
   Awards $506,451 $451,713 $750,000 $730,000
   Project Dollars Expended $398,478 $471,532 $500,000 $450,000
   Site Visits/Community Visits 246/566 250/575 250/575 250/600
   Prospects Hosted 40 50 50 50

generated 12/01/03 10:14:47 AM