FY27 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 populations with barriers.

Strategic Plan Value:

Department Goal:

Department Objective:

FY 2026 Projected

FY 2027 Estimated

FY 2023

FY 2024

FY 2025

Performance Measures:

# Econ Dev Coordinator Outreach Connects

n/a

31

22

25

25

# Businesses/entrepreneurs financially assisted

n/a

n/a

11

10

10

$ ED grants/financial assistance targeting underestimated business owners/entrepreneurs

$40,000

$3,917,000*

$55,500

$75,000

$50,000

*Includes ARPA Inclusive Economic Develop Awards

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

Department Objective:

CY 2025 Projected

CY 2026 Estimated

CY 2022

CY 2023

CY 2024

Performance Measures:

% Unemployment Rate

2.30%

2.70%

2.20%

2.20%

2.20%

# Support for Apprenticeship or Jobs Training Programs

n/a

n/a

3

2

3

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

Department Objective:

FY 2026 Projected

FY 2027 Estimated

FY 2023

FY 2024

FY 2025

Performance Measures: # ED small business grant programs $ Support for SSMID Programs & Initiatives

1

0

1

1

1

$36,925

$560,444*

$35,500

$35,000

$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 2026 Projected

FY 2027 Estimated

FY 2023

FY 2024

FY 2025

Performance Measures: # Public Art Installations

36

36

37

37

37

# Public Art Maintenance Projects

1

2

2

2

2

$ Public Art Matching Grants

$15,000

$15,290

$25,500

$15,000

$15,000

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