1. Economic Development Budget Proposal
City of Rochester, New Hampshire
Fiscal Year 2005

2. Economic Development Priorities
Retention & Expansion of Existing Firms
Attract New Business & Industry
Affect Downtown Redevelopment
Establish Development Strategy for the City of Rochester
Image & Perception Enhancement
Department Administration

3. Customers of Rochester ED
Existing Business Owners & Managers
Entrepreneurs
Leads & Prospects
Property Owners
Developers
Financial Institutions
Realtors
City Manager
City Councilors
City Departments
City Committees
State & Federal Organizations
Media & Press

4. Staff Request $21,530 Part-time Administrative Position $20,000 salary
$1,530 social security

5. Duties of Administrative Staff
Communication Management
Agendas, Minutes, Package Preparation
Database Creation & Maintenance
Event & Meeting Planning

6. Staff Development $2,600 New Hampshire NHEDA events & training $500
International ED Council Annual Meeting $750
Business & Industry Association $250
Northeast Economic Developers Annual Meeting $500
Main Street /Downtown Strategies $300
Biotech/Plastics Council $300

7. Professional Services $12,000
Main Street Application Assistance $5,000
TIF & Industrial Park Consultation $5,000
Other Legal $2,000

8. Travel $4,500 Travel/Meals/Lodging Meetings & Training
Hosting Meetings
Meals for Prospects

9. Marketing Cooperative Advertising $5,000
Foster’s “Made in Rochester” insert $1,000
Update & reprint existing materials $4,000
New printed materials $4,000

10. Marketing cont. Electronic Banner Ads $1,500 Web Site $3,500
CD creation & distribution $2,000
Design & Photo Services $2,000

11. Independent Advertising $5,000
Regional newspapers, business magazines
Independent Advertising
Boston, Springfield, Worcester MA
Hartford, New Haven, Stamford, CT
Newark, Elizabeth, Trenton, NJ
Newburgh, Kingston, Poughkeepsie, Albany, NY

12. National Advertising $5,000
Site Selection
Xpansion Management
Fast Company
Wired
Forbes
Economic Development Journal
Wall Street Journal
USA Today

13. Site Selectors Visits $3,500
Postage, Mailing, Chamber Videos $500
Meals, Hotels, Travel, Events $1,800
Development Alliance $1,200

14. Direct Mail to Manufacturers
Leads and Lists $500
Postage & Mailing Supplies $1,000
Site Visits by Manufacturers $2,500

15. Marketing cont. Quarterly Business Roundtables
$125 = $500
Labor Force Survey $2,000
Intern (write an RBEG grant for $250,000 and assist with Labor Force Survey) $8,000

16. Productivity $2,650 As part of Property/Fixed Assets $$3,600
Laptop $1,500
Combination printer/scanner $500
Desktop monitor $500
External CD burner $150

17. Memberships $1,500 IEDC - International Economic Developers Council
CIBOR – Commercial/Industrial Board of Realtors
NEDA – Northeastern Economic Developers Association
NHEDA – New Hampshire Economic Developers Association
New Hampshire Biotech Council
New Hampshire Medical Device Manufacturers
BIA – NH Business & Industry Association

18. Summary