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HomeMy WebLinkAboutFY 2023 (Office of Economic Development)z o c�7 3 �o•'�N�W o 8Rp �c ������� THE OFFICE OF ECONOMIC DEVELOPMENT FY 2023 BUDGET AND OPERATIONS SYNOPSIS Nalani K. Kaauwai Brun Director r Department: ECONOMIC DEVELOPMENT Fund: GENERAL FUND 1. FY 2022 to FY 2023 BUDGET COMPARSION FY 2022 FY 2023 $ + / - % + / - Salary and Wages 606,227 S93,747 -12,480 -2.1% Benefits 392,318 402,267 9,949 2.S% Utilities 0 0 0 0.0% Vehicle/Equip, Lease 0 0 0 0.0% Operations 1,549,272 1,580,423 31,1S1 2.0% 2,547,817 2,576,437 28,620 1.1% FY 2022 Operating Budget ■ Salary and Wages ■ Benefits ■ Utilities ■ Vehicle/Equip, Lease E: Operations FY 2023 Operating Budget ■ Salary and Wages FY 2022 and FY 2023 Comparison 1,soo,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Salary and Wages Benefits % 0% Utilities Vehicle/Equip, Operations Lease ■ Benefits Utilities ■ Vehicle/Equip, Lease n Operations 0 FY 2022 ■ FY 2023 1 2. MAJOR CHANGES AND/OR VARIANCES IN OPERATIONS BUDGET Positions: We do not have any new positions in our budget. We split up the funding for Energy and Sustainability this year to two separate areas. Increases: The largest increases that were offset by other cost cutting measures are: (50,000) Funding for a new Kaua'i Made website. The current system that this website is running on is outdated and will need to change out. We have a few websites that have this similar problem, so we are changing them out one by one. (70,000) To begin to rebuild our Film Industry Advertising efforts. We plan on participating in programs like the 48 hour and Garden Island Film festival as well as increase advertising and public relations efforts for our new Kaua'i Film website that is launching this summer. This new site will focus on old and new locations that our film commissioner has secured. (50,000) for the Agriculture Feasibility study to help us prepare to make sure plans will be successful for the community's Waimea 400 ag section. (35,000) for special events support (15000 increase) which are not funded by HTA this year and cultural projects (20,000 increase) not funded by HTA this year. This year we expect more of this type of project that includes gatherings to need support as they rise out of the ashes. DECREASES: We recently completed a 5-year plan for projects so that we can determine ahead of time when we will need funding. Each year, different sectors have different needs and team members work together on timeline of costs to make sure each area has what they need each fiscal without breaking the budget. 3. OPERATIONAL CHALLENGES We were utilizing a VISTA Data hire in the last couple of years to handle a lot of our data needs. These VISTA positions have since ended. We will be instead utilizing an outside consultant contract to take care of some of these functions. There was some burn out over the last couple of years operating at the pace we needed to help effectuate recovery. We have instituted better spread of workload and double and triple trained staff in multiple areas so that we can allow more managed time as needed. 4. TOP 3 OPERATIONAL HIGHLIGHTS FROM FY 2022 STRATEGIC PLANNING: OED worked to create a 5-year strategic plan which included taking a deep dive into the existing community plans (Kauai Economic Recovery Strategies Teams report, Comprehensive Economic Development Strategies and Kauai General Plan Strategies, West Kauai Community Plan) and actions called out by the community. We are now creating a system to track movement by time lined action steps to insure we are on track to completion. In addition, OED worked with the Kauai Economic Development Board to update the Comprehensive Economic Development Strategic Plan (CEDS). This took most of the year and included engaging with seven industry sectors including Health and Wellness, Renewable Energy/Sustainable Technology and Practices, Science and Technology, Future Science and 2 Technology Workforce, Food and Agriculture, Visitor Industry Management and Preservation and Arts and Culture. RISE TO WORK: The Rise to Work program was designed as a short-term solution to the economic downturn created by Covid-19, but as the program came to a close in the end of 2020, it was clear the pandemic and its devastating effects on the local economy would persist for much longer than originally anticipated. At the start of 2021, the County unemployment rate remained at 12% and newly unemployed residents were applying for initial unemployment benefits daily. The need to support local businesses and employees remained a priority for economic recovery on Kauai. Through the collective efforts of many public and private program partners, the 2021 Rise to Work program was able to support 143 local employers and provide jobs for 364 Kauai residents. Its final iteration was support for Non Profit organizations who were still struggling to get back on their feet and ran to October of 2021. Our Hoohana Kauai program quickly placed any Rise workers who were not retained after their employment with RTW. W. di�L ehrr➢r 4-1 3 DESTINATION MANAGEMENT ACTION PLAN: Long before the pandemic started, OED worked tirelessly with partner Kauai Visitors Bureau to actively find ways to manage the visitor industry and its effects on our community via the Kauai Tourism Strategic Plan. By December of 2020 our team joined with the Hawaii Tourism Authority to do another iteration of the Tourism Strategic Plan with more of a focus on management that became known as the Kauai Destination Management Action Plan. Different partners take on different actions but one of the many tasks OED has taken on is to change the way visitors move around the island to provide relief to our community on the roadways. In Fiscal Year 2022, we created the getaroundkauai.com website to start to tell a new story about what our island wants from visitors. This is just the mouthpiece for a larger effort to make shuttles, mobility hubs, EV, car share and bike options a more viable option for visitors and residents. OED team members are currently working with private and nonprofit partners, federal partners, state partners and the big dreamers of this island to keep this momentum for change going. 4