Austin Texas’ ED Office Budget

August 27, 2010 at 3:54 pm Leave a comment

Interesting reading here on how the City of Austin Texas funds its economic development operation. Austin’s economic development office wants to establish a $1 million fund to further entice businesses to Austin and proposes the creation of an inland port.

The requests, outlined in the department’s 2011 proposed budget, cap two years of growth that have boosted the office’s budget by about $2 million. At the same time, stewards of Austin Energy — which is expected to contribute $9.8 million of the department’s $10.1 million 2011 budget — are gaining traction in their ongoing request that city officials find a new source of revenue for the city’s economic development arm.

Recent budget increases include an additional $95,000 to pay a new department director and economic development officer, a $385,000 surge in the department’s international program and a $280,000 increase to the live music development fund.

Read more: Austin wants new incentives fund – Austin Business Journal

Entry filed under: Austin Texas. Tags: , , .

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