NCEDC CEO: $620,000 funding goal attainable
NCEDC CEO Walt Elish, however, is confident that the jobs-hunting organization will hit its 2012 revenue goal of $620,200.
As of this past week, it had collected $290,000. Whether it gets to the finish line depends in large part on whether the companies that support it continue sending in their checks.
According to a Business Report review of the NCEDC budget, revenues in 2011 came to $742,052, so even if gets to $620,000, the NCEDC this year will still have far less money to do its job.
Contributions from companies are budgeted to come in at $560,000, a few thousand dollars more than last year but nearly $30,000 less than the organization had originally planned for 2011. Also, event income, in-kind revenues and pass-through incentives were all expected to be off this year.
This year's budget was his first since moving from Maine to take the CEO position last fall, so Elish said he budgeted "conservatively."
The NCEDC is supported by a group of 135
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