Economic Development, Department of
skip breadcrumbs| All amounts are in dollars |
| Category | Available 2007-08 |
Appropriations Recommended 2008-09 |
Change From 2007-08 |
Reappropriations Recommended 2008-09 |
|---|---|---|---|---|
| State Operations | 45,083,000 | 56,607,000 | 11,524,000 | 33,780,000 |
| Aid To Localities | 14,001,610 | 6,677,000 | -7,324,610 | 21,161,000 |
| Total | 59,084,610 | 63,284,000 | 4,199,390 | 54,941,000 |
| Full-Time Equivalent Positions (FTE) |
| Program | 2007-08 Estimated FTEs 03/31/08 |
2008-09 Estimated FTEs 03/31/09 |
FTE Change |
|---|---|---|---|
| Administration | |||
| General Fund | 47 | 47 | 0 |
| Special Revenue Funds - Other | 5 | 5 | 0 |
| Clean Air | |||
| Special Revenue Funds - Other | 3 | 3 | 0 |
| Economic Development | |||
| General Fund | 125 | 140 | 15 |
| Marketing and Advertising Program | |||
| General Fund | 34 | 34 | 0 |
| Special Revenue Funds - Other | 1 | 1 | 0 |
| Total | 215 | 230 | 15 |
Note: Most recent estimates as of 01/22/08.
Mission
Together with the Empire State Development Corporation, the New York State Department of Economic Development:
- Advises the Governor and Legislature on all major economic development issues and decisions;
- Develops State economic development strategies;
- Provides technical and financial assistance to businesses through a network of regional offices; and
- Coordinates the efforts of other State agencies, authorities and organizations, as well as local governments, on actions which affect the State's economy.
Budget Highlights
The Executive Budget recommends $63.3 million All Funds ($56.9 million General Fund; $6.4 million other funds) for the Department of Economic Development. This is an increase of $4.2 million All Funds (General Fund) from the 2007-08 budget. This net change primarily reflects a $7.5 million increase to the Marketing and Advertising program, and is in recognition of the need to capitalize on the State's existing economic development assets. State tax dollars from the General Fund will finance 90 percent, or $56.9 million, of the Department of Economic Development's $63.3 million Budget in 2008-09. The balance of the Department's Executive Budget will be supported by revenues raised through licensing of the “I ♥ NY” logo, and through seminars and programs run by the Department which directly offset the costs of these programs. Also included are Federal dollars used to help defense-dependent industries diversify into new markets, support recycling market development and to help small businesses comply with Clean Air Act mandates.
The Executive Budget recommends a staffing level of 230 FTEs for the Department of Economic Development, an increase of 15 from the 2007-08 Budget. This primarily reflects actions to expand statewide economic development efforts, including additional staff for the regional office in Buffalo.
The 2008-09 Budget provides:
- “I ♥ NY” Program: $20.0 million for “I ♥ NY” tourism advertising, an increase of $4.0 million over the 2007-08 budget;
- Tourism Matching Grants: $5.3 million is provided to assist local tourism promotion agencies;
- International Trade: $3.5 million, an increase of $2.3 million over the 2007-08 budget, to attract the international investment to New York State, and increase export sales to foreign countries;
- Business Marketing: $3.5 million for a new business marketing program for the promotion of Upstate business successes to increase awareness and encourage more businesses to stay and grow in New York State;
- Explore NY: $1 million to support regional and theme-based tourism promotions; and
- Visitor Centers: $400,000 to support visitor welcome centers in Beekmantown and Binghamton.
2008-09 Executive Budget — Agency Presentation
Economic Development, Department of (PDF)