HomeMy WebLinkAbout10/11/2010 - 2011-2012 Economic Health Budget - Economic Advisory Commission
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Fort Collins, CO 80522
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Memorandum
To: Mayor Hutchinson and City Council Members
From: Economic Advisory Commission (EAC)
Christophe Febvre, Chair
CC: Darin Atteberry, City Manager
Mike Freeman, Chief Financial Officer
Date: October 11, 2010
Subject: Recommendation on Economic Health Budget for 2011 and 2012
Due to the importance of economic development in fostering a healthy local economy,
particularly within a local, regional, and national economy that has significantly and negatively
impacted local employment and City revenues, the Economic Advisory Commission (EAC)
STRONGLY RECOMMENDS TO CITY COUNCIL THAT THE BUDGET FOR
ECONOMIC HEALTH BE INCREASED BY $150,000 with the purpose of enhancing
development of the City's targeted industries and assisting in primary job creation/strategies for
2011 and 2012. The EAC believes that investing this additional money for these purposes will
have a vital positive effect on short term economic development strategies and long term
economic results for the City.