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Office of Economic Development and Innovation

Mission

To function as the primary economic development agency for the City to assure continued growth and investment

in Raleigh.

Department Overview

The Office of Economic Development and Innovation works to maintain and grow a diverse economy, supporting

large and small business and providing employment opportunities for all citizens.

The office’s economic development efforts are focused in three areas: innovation, recruiting new business and

existing industry support. The office works to support and sustain Raleigh’s startup culture by connecting

entrepreneurs with community resources and each other. This program also provides an entry point for innovative

ideas, working with internal and external partners to develop and implement solutions to community challenges and

leveraging our entrepreneurial culture to solve problems. By supporting and growing businesses that already call

Raleigh home, the existing industry program ensures the city remains a good place to do business. Marketing and

promoting Raleigh to new talent and businesses across the country provides opportunities to attract new economic

opportunities to the City.

Additional information regarding the Office of Economic Development and Innovation may be obtained by

contacting James Sauls, Economic Development Manager, at (919) 996-2707 or via email at

James.Sauls@raleighnc.gov .

Budget Highlights

The Minority and Women-owned Business Enterprise (MWBE) program, including two positions, was

transferred mid-year FY16 to the Housing and Neighborhoods Department to align that program with other

neighborhood revitalization and enrichment efforts.

A Staff Analyst position ($65,000) is included to support data gathering, request for proposal responses

from site selection consultants, and other marketing opportunities.

A new Senior Business Assistance Program Manager ($60,000) will focus on developing and implementing

a citywide retail strategy and work with partner organizations to coordinate retail recruitment efforts.

Funding is provided to support expanded recruitment and marketing efforts ($30,000). This funding will

allow staff to market and promote Raleigh at additional trade shows, conferences and other events.

Budget Detail

ACTUALS

ACTUALS

ADOPTED

ADOPTED

CHANGE

EMPLOYEES

2013-14*

2014-15

2015-16

2016-17

FY16 to FY17

Office of Economic Development and Innovation

0

6

6

6

0

TOTAL

0

6

6

6

0

DIRECT EXPENDITURES BY TYPE

Personnel

0

409,889

453,480

405,747

(10.5%)

Employee Benefits

0

102,013

115,368

116,937

1.4%

Operating Expenditures

0

42,545

62,492

104,892

67.8%

TOTAL

$0

$554,447

$631,340

$627,576

(0.6%)

*Prior to FY15, the Office of Economic Development and Innovation was a part of the Planning and Development Department.

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