TOURISM AND STATE DEVELOPMENT
GOVERNOR'S RECOMMENDED FY 2011 BUDGET
0421 Division of Research Commerce

MISSION:
To increase research, development and commercialization for the betterment of South Dakota; provide staff support for the Research and Commercialization Council and coordinate implementation and evaluation of the Council's investments in the state's research and commercialization infrastructure; manage state, federal, including EPSCoR, and private funds entrusted to this office for the purpose of promoting the development of the state's research infrastructure and knowledge-based economic development through commercialization of innovations, business start-ups, business expansion and attraction of new knowledge-based businesses; and work with private sector partners and organizations to leverage state and federal investments in the South Dakota research and commercialization infrastructure.

  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 $4,036,574 $4,042,322 $4,042,323 $4,042,323 $4,042,579 $256
   Federal Funds 0 0 0 0 0 0
   Other Funds 0 0 0 0 0 0
      Total $4,036,574 $4,042,322 $4,042,323 $4,042,323 $4,042,579 $256
 
EXPENDITURE DETAIL:
   Personal Services $150,832 $156,580 $156,581 $156,581 $156,837 $256
   Operating Expenses 3,885,742 3,885,742 3,885,742 3,885,742 3,885,742 0
      Total $4,036,574 $4,042,322 $4,042,323 $4,042,323 $4,042,579 $256
 
Staffing Level FTE: 2.0 2.0 2.0 2.0 2.0 0.0

  ACTUAL
FY 2008

ACTUAL
FY 2009

ESTIMATED
FY 2010

ESTIMATED
FY 2011

REVENUES:  
      
Total

$0

$0

$0

$0
PERFORMANCE INDICATORS:  
   Private Sector Dollars Invested in Research N/A $3.4M $5M $7M
   Infrastructure
   Federal Dollars Invested in Research N/A $646,437 $2M $3M
   Infrastructure
   Private Sector Dollars Invested in Technolgy N/A $3.2M $5M $7M
   Based Businesses
   Jobs Created (Defined NAICS Code)* 2,727 2,927 3,127 3,327
   Average Salary - Calendar Year $60,336 $61,336 $62,336 $63,336
   University Spin-Offs Facilitated 2 2 3 4
   University/Industry Research Collaborations 28 15 25 30
   Venture Capital/Angel Investor and
   Entrepreneur Introductions 15 24 30 35
   External Grant Funding Applications Facilitated 3 2 3 4
   
   *2008 is latest actual data available

generated 11/25/09 03:15:13 PM