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 2003	ACTUAL FY 2004	BUDGETED FY 2005	REQUESTED FY 2006	GOVERNOR'S RECOMMENDED FY 2006	RECOMMENDED INC/(DEC) FY 2006
FUNDING SOURCE:
General Funds	$2,241,820	$2,179,540	$3,327,454	$3,327,454	$3,327,454	$0
Federal Funds	9,910,646	10,221,628	10,380,565	10,380,565	10,380,565	0
Other Funds	8,832,941	5,838,869	13,033,340	13,033,340	13,033,340	0
Total	$20,985,406	$18,240,037	$26,741,359	$26,741,359	$26,741,359	$0
EXPENDITURE DETAIL:
Personal Services	$1,880,118	$1,816,583	$2,261,775	$2,261,775	$2,261,775	$0
Operating Expenses	19,105,288	16,423,454	24,479,584	24,479,584	24,479,584	0
Total	$20,985,406	$18,240,037	$26,741,359	$26,741,359	$26,741,359	$0
Staffing Level FTE:	35.5	33.8	40.8	40.8	40.8	0.0

	ACTUAL FY 2003	ACTUAL FY 2004	ESTIMATED FY 2005	ESTIMATED FY 2006
REVENUES:
Total	$0	$0	$0	$0
PERFORMANCE INDICATORS:
Existing Industries Expanded/Calendar Year	466	496	550	600
New Jobs Created/Calendar Year	2,398	2190	2500	2750
Capital Investment Reported (Millions)	$165.9	$397.5	$250.0	$300.0
REDI Loans	21	20	20	20
Total Loans Approved (All Funds)	53	50	60	80
REDI Loan Dollars Approved (Millions)	$16.8	$13.4	$15.0	$15.0
Total Outside Dollars Leveraged (Millions)	$51,4	$44.1	$50.0	$50.0
Future Fund Awards	74	61	60	60
Community Development Block Grants:
Grant Requests Received	105	50	50	50
Grants Awarded	95	41	35	35
Awards (Millions)	$17.0	$8.5	$10.0	$10.0
Active Grants	200	164	175	$180
Project Dollars Expended (Millions)	$9.6	$13.0	$15.0	$15.0
Site Visits	350	342	400	450
Prospects Hosted	30	81	100	120
EDFA Loans	2	2	4	4
EDFA Loan Dollars Approved (Millions)	$3.7	$8.5	$9.0	$9.0
EDFA Outside Dollars Leveraged (Millions)	$4.3	$6.9	$9.0	$9.0
APEX Loans	0	1	2	2
APEX Loans Approved	0	$83,500	$200,000	$200,000
APEX Outside Dollars Leveraged	0	$81,500	$163,000	$163,000
SBA 504 Loans	3	6	10	10
SBA 504 Loans Approved (Millions)	$1.1	$2.7	$4.0	$4.0
SBA 504 Outside Dollars Leveraged (Millions)	$2.2	$4.8	$6.0	$6.0
Microloan Loans	8	8	8	8
Microloan Loans Approved	$124,700	$128,511	$130,000	$130,000
Microloan Outside Dollars Leveraged	$282,924	$304,174	$310,000	$310,000
VASF Loans	8	8	8	8
VASF Loans Approved	$1,043,731	$670,158	$670,000	$670,000
VASF Outside Dollars Leveraged	$1,533,858	$758,774	$760,000	$760,000
VASTF Loans	0	5	5	5
VASTF Loans Approved	0	$635,056	$650,000	$650,000
VASTF Outside Dollars Leveraged	0	$717,439	$720,000	$720,000

generated 12/06/04 03:44:53 PM