FY26 Proposed Budget

Partnerships and Engagement; Social Justice, Racial Equity & Human Rights Reinforce Iowa City as a premier community to locate and grow a business. Cultivate a strong entrepreneurial and small business ecosystem with a focus on creating new pathways to success for systemically marginalized populations.

Strategic Plan Value:

Department Goal:

Department Objective:

FY 2025 Projected

CY 2026 Estimated

FY 2022

FY 2023

FY 2024

Performance Measures:

# Econ Dev Coordinator Outreach Connects # Econ Dev Coordinator Business Visits $ ED grants/financial assistance targeting underestimated business owners/entrepreneurs

n/a

n/a

31

40

50

n/a

n/a

11

15

15

$75,642

$40,000

$3,917,000*

$55,000

$60,000

*Includes ARPA Inclusive Economic Dev Awards

Using partnerships, provide meaningful career development opportunities, pre-apprenticeship/apprenticeship programs, and access to the workforce.

Department Objective:

CY 2024 Projected

CY 2025 Estimated

CY 2021

CY 2022

CY 2023

Performance Measures:

% Unemployment Rate

3.80%

2.30%

2.70%

2.10%

2.10%

# Support for Apprenticeship or Jobs Training Programs

n/a

n/a

n/a

3

3

Create flexible incentives to support the top goals of Iowa City's SSMIDs and other commercial nodes.

Department Objective:

FY 2025 Projected

FY 2026 Estimated

FY 2022

FY 2023

FY 2024

Performance Measures:

# ED small business grant programs

2

1

0

2

2

$ Support for SSMID Programs & Initiatives

$25,500

$36,925

$560,444*

$45,000

$35,000

*Includes ARPA SSMID Placemaking Grants

Partnerships and Engagement; Social Justice, Racial Equity & Human Rights Build Iowa City's image as the Greatest Small City for the Arts Enhance access to public art and arts and cultural opportunities in Iowa City.

Strategic Plan Value:

Department Goal:

Department Objective:

FY 2025 Projected

FY 2026 Estimated

FY 2022

FY 2023

FY 2024

Performance Measures: # Public Art Installations

35

36

36

38

38

# Public Art Maintenance Projects

0

1

2

2

2

$ Public Art Matching Grants

$14,900

$15,000

$15,290

$15,500

$15,500

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