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Wake County ment is through its financing of
<br />Wake County' s ma
<br />infrastructure improv —
<br />in involvement in economic develop ure 5). The County'
<br />ements in RTP and of incentives (see Fig upgrades and
<br />10.5 million for water and sewer system upg
<br />FY2016 Community Improvement Plan includes a $10.5 million investment to economic
<br />on-site and
<br />development with "approximately $ rant payments. Funds are used to provide
<br />related economic development business g the Board
<br />provide payments as approved by
<br />off -site water and sewer infrastructure ak (RTP) and to p ed water facilities in the Wake County
<br />portion of the Research Triang rants.
<br />of Commissioners for various business incentive D iltent Budget, 2010.2016
<br />Figure 5: wake County Economic Develop
<br />Element Summary:
<br />Economic Development
<br />Economic Incentives
<br />Total Uses
<br />Transfers From
<br />General Fund
<br />FY 2010 FY 2011 FY 2012 FY 2013
<br />,,,nnntr .300,000
<br />138,000 1,885,000 1,091,000 1,068,000
<br />nnn 5.000
<br />Fy Y0t5 FY 2016 FY10-16
<br />30 — 2014 900,000.
<br />300.000 ; —
<br />i nMn Ono 884,000 726,000. 6,831',000 Ann
<br />30,000 2,679,u0u 726,000 10,475,000
<br />168,000 4,564,000 1,421,000 1,373,000 1,339,000 884,000
<br />48,000 2,838,000 799,000 1,373,000 1139,000 884,000 726,000 8,007,000
<br />12Q,000
<br />120.000 1,726,000
<br />Grant Furm 1.726,000 —
<br />Municipalities _ _ 622,000 — 475,000
<br />Transfer from 1,339,000 884,000 726,000 10,
<br />Capital Reserve: 168,000 4,564,000 1,421,000 1,373, 000
<br />Total sources — —
<br />cIP operating
<br />Impacts
<br />Under acontract with the County, the Greater Raleigh
<br />Chamber of Commerce, a 501(c)6 public -
<br />coordinates Wake's economic development activities and initiatives. The
<br />partnership, $12 million capital campaign, EDGE4 is In July
<br />private p in the midst of a five-year, Chamber is currently
<br />„
<br />2010 Fiscal Year Adopted Budget" (2009), pg. 335, Wake County, NC.
<br />r4
<br />http: / /`�wlg. `' akegov. com /NR /rdc)nlyres /C"6D61A -64E9- 4816 -9E9
<br />14199D3DBDDC /0 /fy2010.pdf Support" 2009), Greater Raleigh Chamber of Commerce.
<br />15 "EDGE4 Growing Great: Case for
<br />www.rateighchamber2.org/campaign2O()9/Pdf'/e'ge4—case.pd'
<br />
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