MAYOR’S PROPOSED BUDGET FY 2027Economic Development DepartmentBudget PresentationJUNE 9, 2026
Economic Development DepartmentFY 2027 Total Budget2
FY 2027 ProposedFY 2026 AmendedFY 2025 ActualsFY 2024 ActualsCategory$ 1,080,200$ 1,036,000$ 847,091$ 934,739Personnel610,3001,818,3001,712,310253,155Non-Personnel136,600156,800192,652151,130Interdepartmental$ 1,827,100$ 3,011,100$ 2,752,053$ 1,339,024TotalJ U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7Notes:•Personnel budget accounts for attrition rate of 10.28%•The decrease in Non-Personnel costs are primarily related to the expenditure of an $800,000 PG&E charitable donation grant and $230,000 related to the Property and Business Improvement Districts (PBIDs) for Blackstone and Belmont.
Economic Development DepartmentFY 2027 Budgeted Positions3 FY 2027 ProposedFY 2027 ChangesFY 2026 AmendedFY 2026 AdoptedFY 2025 AdoptedCategory8.00.08.08.08.0 Economic Development8.00.08.08.08.0 TotalNotes:•The department now has all four (4) Economic Development Coordinator positions filled•One (1) Economic Development Analyst position remains unfilled to meet attrition targetJ U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7 Economic Development DepartmentOperational Impacts4
FY 2027 ProposedDescription$ 225,000Contractual Obligations1)$ 76,300Trade Shows/Missions2)$ 24,000Analytic Tools3)Notes:1. Contractual obligations include contract with Fresno County Economic Development Corporation2. Trade Shows/Missions for FY 2027 include ICSC – Las Vegas, SemiCon West, Select USA, World Ag Expo, IAMC and others3. Analytic tools include software used for economic assessment and business assistance like Dun & Bradstreet, CoStar and othersJ U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7 Economic Development DepartmentProgram & Project Highlights5 Notes:1. The department’s budget includes council motion carryover funds for the Airport Corridor PBIDFY 2027 ProposedDescription$ 150,0001) Airport Property and Business Improvement District (PBID) Council Motion CarryoverJ U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7 Economic Development DepartmentBusiness Outreach Highlights - 20266 J U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7
1. Outreach to local businesses through programs and events such as:•Energy Efficiency Grant Program – 58 Businesses•Belmont and Blackstone PBID Feasibility Study•Tower District Vacant Building Incentive•Local Immigrant Integration and Inclusion Grant•Façade Grants•San Joaquin Valley Manufacturing Alliance (SJVMA) Summit•Central California Women’s Conference2. Attending regional, state and national tradeshows such as:•SemiCon West – Phoenix•ICSC Las Vegas•Select USA•Site Selectors Guild•World Ag Expo Economic Development DepartmentBusiness Outreach Highlights - 20267 J U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7
Economic Development DepartmentBusiness Outreach Highlights - 20278 J U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7
1. Outreach to local businesses through programs and events such as:•Continued work on Belmont and Blackstone PBID Feasibility Studies•Tower District Vacant Building Incentive•SJVMA Summit•Central California Women’s Conference•NEW Business Visitation Program2. Attending regional, state and national tradeshows such as:•SemiCon West – San Francisco•ICSC Events•Select USA•Industrial Asset Management Council (IAMC) – PLANNED NEW Economic Development DepartmentBusiness Outreach Highlights - 20279 NEW Business Visitation Program: Engage mid-sized, large and fast-growing small locally owned businesses with ongoing City efforts and programs. Target: Locally owned businesses in the manufacturing, distribution, value-added agriculture and technology sectors with at least ten (10) employees.The program objectives include:•Strengthening communication between the City and the local business community•Providing a formal mechanism to learn more about our local businesses, share resources and build stronger partnerships•Empowering business owners to discuss operations and opportunities for expansionJ U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7 10 Questions
J U N E 9 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7