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Wake County Economic Development <br />MISSION: The mission of the Greater Raleigh Chamber <br />of Commerce is to sustain and further develop a thriving <br />economy and to enhance our community's quality of life. <br />To achieve this, the Chamber divides its work into three <br />main lines of business — each with an eye toward <br />economic expansion and a better quality of life. In <br />simple business terms, those three lines are product <br />sales (Economic Development), product development <br />(Government Affairs /Public Policy), and membership <br />services (Membership Services and Small Business.) <br />STAFF: 8 - Executive Director, Assistant Executive <br />Director, Program Assistant, Executive Director (Raleigh <br />ED), Project Manager, Project Manager, Research <br />Manager, Program Assistant <br />FY2010 <br />FY2011 <br />FY2012 <br />FY2013 <br />FY2014 <br />FY2015 <br />FY2016 <br />Total FY10 -16 <br />STRUCTURE: <br />• 501(c)6, public - private partnership <br />• Housed in the Greater Raleigh Chamber of <br />Commerce <br />FUNDING: <br />• County <br />Provided $168,000 for FY10 <br />Proposed $10.5M funding through FY2016 <br />• Chamber <br />Announced $10.2M investor pledges in July 2009 <br />Conducting EDGE4 Campaign to raise $12M by 2014 <br />Wake County 7-Year Economic Development Budget <br />omic <br />Off -site water <br />On -site Water <br />Total <br />Itives <br />and Sewer <br />and Sewer <br />3,000 <br />30.000 <br />$168,000 <br />5,000 <br />2.679,000 <br />$4,564,000 <br />L,000 <br />30,000 <br />300;000 <br />$1,421,000', <br />3,000 <br />5,000 <br />300,000 <br />$1,373,000' <br />),000 <br />- <br />300,000 <br />$1,339,000 <br />4,000 <br />- <br />$884,000 <br />3,000 <br />$726,000 <br />1.000 <br />2,744,000 <br />900;000 <br />$10,475,000 <br />