TOURISM AND STATE DEVELOPMENT
GOVERNOR'S RECOMMENDED FY 2011 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 2008
ACTUAL
FY 2009
BUDGETED
FY 2010
REQUESTED
FY 2011
GOVERNOR'S RECOMMENDED
FY 2011
RECOMMENDED INC/(DEC)
FY 2011
FUNDING SOURCE:
   General Funds $2,446,041 $2,545,269 $2,438,473 $2,438,876 $2,441,871 $3,398
   Federal Funds 3,888,498 12,691,876 11,266,979 11,266,979 11,268,805 1,826
   Other Funds 7,182,077 9,830,053 11,621,729 11,621,729 11,625,626 3,897
      Total $13,516,616 $25,067,198 $25,327,181 $25,327,584 $25,336,302 $9,121
 
EXPENDITURE DETAIL:
   Personal Services $2,261,739 $2,239,325 $2,514,585 $2,514,988 $2,523,706 $9,121
   Operating Expenses 11,254,877 22,827,874 22,812,596 22,812,596 22,812,596 0
      Total $13,516,616 $25,067,198 $25,327,181 $25,327,584 $25,336,302 $9,121
 
Staffing Level FTE: 37.2 35.6 40.8 40.8 40.8 0.0

  ACTUAL
FY 2008

ACTUAL
FY 2009

ESTIMATED
FY 2010

ESTIMATED
FY 2011

REVENUES:  
      
Total

$0

$0

$0

$0
PERFORMANCE INDICATORS:  
   Reported New Manufacturing/Calendar Year 8 13 10 10
   Existing Manufacturing Expanded/CY 528 522 400 500
   New Jobs Created/Calendar Year (CY) 4,083 3,952 3,000 4,000
   Capital Investment Reported (Millions) $736.1 $401.8 $300.0 $500.0
   REDI Loans 15 7 15 15
   REDI Loan Dollars Approved (Millions) $17.0 $4.6 $15.0 $15.0
   Total Outside Dollars Leveraged (Millions) $68.3 $9.3 $50.0 $65.0
   Future Fund Awards 62 73 80 80
   Community Development Block Grants:
   Grant Requests Received 35 21 25 25
   Grants Awarded 33 16 25 25
   Awards (Millions) $10.0 $6.1 $9.0 $7.0
   Active Grants 73 70 75 70
   Project Dollars Expended (Millions) $5.3 $8.9 $11.0 $8.0
   EDFA Loans 4 1 2 1
   EDFA Loan Dollars Approved (Millions) $28.7 $3.7 $10.0 $10.0
   EDFA Outside Dollars Leveraged (Millions) $27.1 $1.5 $25.0 $25.0
   APEX Loans 3 8 8 10
   APEX Loans Approved $556K $1.3M $1.5M $1.8M
   APEX Outside Dollars Leveraged $1.3M $1.4M $1.6M $2.0M
   VASF Loans 3 3 5 5
   VASF Loans Approved $326,300 $57,500 $150,000 $150,000
   VASF Outside Dollars Leveraged $332,000 $455,000 $400,000 $400,000
   Gross Domestic Product - Calendar Year $35.2B $36.9B $37.7B $38.5B
   Co-oping with Communities/Businesses Partners
   Marketing Campaign N/A 5 5 5
   Trade Shows N/A 14 32 40

generated 11/25/09 03:14:58 PM