FY 2010-11 Adopted Budget - Volusia County Government

Department: Aviation and Economic ResourcesEconomic DevelopmentActivity: Incubator ProgramActivity: Incubator ProgramAccount: 1003140ActualFY2008-09AdoptedFY2009-10EstimatedFY2009-10BudgetFY2010-11Expenditures by CategoryOperating Expenses $ 0 $ 0 $ 0 $ 300,000Subtotal Operating Expenditures $ 0 $ 0 $ 0 $ 300,000Capital Improvements 0 0 0 1,400,000Reserves 0 0 0 600,000Subtotal Other Operating Expenditures $ 0 $ 0 $ 0 $ 2,000,000Total Operating Expenditures $ 0 $ 0 $ 0 $ 2,300,000Reimbursements 0 0 0 0Net Expenditures $ 0 $ 0 $ 0 $ 2,300,000Expenditures by FundEconomic Development $ 0 $ 0 $ 0 $ 2,300,000Number of Full Time Positions 0.00 0.00 0.00 0.00Number of Part Time Positions 0.00 0.00 0.00 0.00Number of Full Time Equivalent Positions 0.00 0.00 0.00 0.00Key Objectives1. Create an incubator program designed to accelerate the growth and success of entrepreneurial companies through an array ofbusiness support resources and services including physical space, coaching, and networking connections.HighlightsRenovation of unused space in the International Terminal building at Daytona Beach International Airport suitable for the incubatorprogarm. Commencement of the incubation program by the University of Central Florida, with whom the county has contracted to runthe program.Volusia County Section F - 132