1. Economic Development Budget Proposal City of Rochester, New Hampshire Fiscal Year 2006

2. Economic Development Priorities  Retention & Expansion of Existing Firms  Attract New Business & Industry  Affect Downtown Redevelopment  Complete Economic Development Master Plan  Image & Perception Enhancement  Department Administration

3. Return on Investment  Development Projects  75 businesses started, expanded or relocated to Rochester  428 jobs retained in Rochester  1,366 new jobs created or relocated here  958,575 square feet of space occupied by these businesses  Downtown Redevelopments  New Businesses in “Arts & Entertainment” District  Working with Property Owners on “higher & better” uses  Media Stories Increase Visits – incl. “Gourmetville” Series  Positive Media Image  Business NH Magazine, Portsmouth Magazine, Business Xpansion Journal, Interface Tech News, Boston Globe North, Union Leader, Concord Monitor, Portsmouth Herald, Foster’s, TV Channel 9, Radio WMEX

4. Staff Request  Full-time Administrative Position $32,914 salary  $16,441 benefits  $4,000 Intern to complete web site content www.thinkrochester.biz www.thinkrochester.biz

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

6. Technical Professional Services  Staff Development $3,000  Consulting Other $15,000  Workforce Analysis  Tax Increment Financing  Industrial Park Expansion  Main Street Application Assistance

7. Marketing  Cooperative Advertising $10,000  Independent Advertising $10,000  Update & reprint existing materials $5,000  Direct Mail to Manufacturers $5,000  CD creation & distribution $2,500  Foster’s “Made in Rochester” insert $2,000  Web Site Maintenance & Updates $2,000  Electronic Banner Ads $2,500  Site Selector Visits $2,500  Quarterly Business Roundtables $500

8. Summary