Page 247 - FY 2020-21 Blue Book Volume I

Economic and Workforce Development

Economic Development
Priority Outcomes: Promote good jobs for Angelenos all across Los Angeles
This program promotes economic development projects and job creation by providing real property asset
management, technical assistance through the City's Business Source System, and loans to small business
owners for start-up ventures and business expansion.

Program Changes Direct Cost Positions Total Cost

Changes in Salaries, Expense, Equipment, and Special
Apportionment of Changes Applicable to Various Programs (2,707,417) (1) (3,617,277)
Related costs consist of employee benefits.
SG: ($2,407,417) EX: ($300,000)
Related Costs: ($909,860)
Continuation of Services

15. Consolidated Plan Support of Economic Development 275,270 - 387,410
Continue funding and resolution authority for two Industrial and
Commercial Finance Officer Is to implement activities related to
the 2020-21 Housing and Community Development
Consolidated Plan. Funding is provided by the Community
Development Trust Fund. Related costs consist of employee
benefits.
SG: $275,270
Related Costs: $112,140
16. Citywide Economic Development 236,740 - 337,082
Continue funding and resolution authority for two positions
consisting of one Senior Real Estate Officer and one Senior
Project Coordinator to support Citywide economic development
activities. Partial funding is provided by the Community
Development Trust Fund ($50,458). One vacant Project
Coordinator is not continued. Related costs consist of
employee benefits.
SG: $236,740
Related Costs: $100,342

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