Agenda - 05-18-2010 - 8b - Laserfiche WebLink

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for other counties in the region, Orange County uses an above support staffing. For fiscal year 2010, Relative to budget Projections 's 414,762 economic average amount of its economic development �0 pe gent of he County $414,7 expenses, the County Manager recommended allocating development budget to personnel services. With $141,612 allocated to operating the EDC is limited in what it can do. stands in The availability and allocation of economic development funds Orange County S. As Orange County considers alternative structures, it contrast to its neighboring communitie biggest competitors are may be instructive to consider how its closest neighbors and approaching economic development. Chatham county p speaks to the importance of county s economic development story p Chatham County eEconomic Development Corp oration (CCEDC) was commitment. The Chatham County n decade, the CCEDC continued c 3 organization. Over the following provided by the County -5 established in 1997 as 501() ercent of its funding p to develop to function like a County department, with loo -percent in 2007, the County commissioned UN Center for Competitive Economies (Cou an economic development strategic plan. The resulting plan, adopted or the County, its ent. The report, which is available municipalities and the School Board oach to economic crde00 development, for the reorganization of the ED to support a policy- driven app s o ortunities and challenges, incorporating in full online, takes a hard look at the County pP practices to create a roving attraction, retention, and entrepreneurship efforts, citizen feedback with data driven analysis and analysis of national best series of recommendations y of p as well as the County' q lace, infrastructure, and the EDC itself. f this economic development plan, the C3E stated the CCEDC would To deliver on the p romise of politicization of the EDC by diversifying funding and need to move beyond the p ment advocate.' The C3E noted that in apolitical economic develop Political establishing itself as an ap funding, perception of the EDC "as a p dependence on County ment in the addition to CCEDC's dep policy driven plan for economic develop a Position on organization has been tied to a lack of a p Y and refining p County, which leaves the EDC without solid research for developing controversial issues. $ Who We Are" (2009)• Chatham County Economic Development Corporation, a http://Www-chathamedc.org/who-we-are s omic Development Strategic Plan Final Jolley, Jason G., et al (2008). Chatham County Econ private Center for Competitive Economies, Frank Haw kins KenaRenort Final Version- Report, Enterprise. http: / /www. chat ?a meddc.00rrg /s n eafeadbefd846f52f46f415876e044028 full_report_O.pdf . php Y 6 Ibid, pg. 96 -101. ' Ibid, pg. 92 -95. s Ibid, pg. 93. 5