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Agenda - 05-18-2010 - 8b
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Agenda - 05-18-2010 - 8b
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11/3/2015 9:08:50 AM
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5/14/2010 4:02:24 PM
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BOCC
Date
5/18/2010
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
8b
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Minutes 05-18-2010
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\Board of County Commissioners\Minutes - Approved\2010's\2010
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I- <br />ORANGE COUNTY <br />Eton k Development <br />C.mM! nm <br />El <br />k. Appendix I Research Scope Requested of UNC DCRP Interns <br />1. Appendix II The Role ofReseareh Universities in Indusny Cluster Development <br />nn. Appendix 111. Comparative Funding of County Economic Development <br />n. Appendix IV. Incentive Programs for Businesses Locating /Growing in Durham City and County <br />o. Financing Options and Resources <br />It. Environmental and Historical Assistance <br />q. Appendix V. Wake County Business Investment Grant Policy <br />i. Cary <br />ii. Fuquay- Vardna <br />iii. Garner <br />iv. Knightdale <br />v. Morrisville <br />vi. Wendell <br />vii. Zebulon <br />r•. Appendix Vf. Chatham County and Siler City Incentives Policies <br />s. Appendix VII. Alamance Incentives Policies <br />i. City Of Burlington Economic Development Incentive Policy <br />t Appendix VIII. Selected UNC Student hntern Papers <br />L Part A — Analysis of Orange County's Site Selection Attributes, Ashley Yingling <br />ii. Part B— From Economic Base to Economic "Basin ": Keeping UNC ideas Here and <br />Case Study, Ben Houck <br />iii. Part C — Tax Increment Financing and other Development Financing Tools to grow the <br />tax base of Orange County, North Carolina, Michael Levengood <br />iv. Part D — Possible Metrics for an Economic Development Goal Statement, Sarah Satinsky <br />v. Part E— Structuring Economic Development, Megan Johnson <br />vi. Part F— US 70 1Cornelius Street Corridor: Market Study and Development Opportunities <br />Report, Aaron Nousaine, Dana Archer - Rosenthal, Jamaal Green, and Amanda Campbell <br />u. Appendix IX North Carolina Certified Site Program <br />Information Contact: <br />Brad Broadwell, <br />Purpose: <br />To provide the Board of County Commissioners with the Orange County Economic Development Commission's <br />recommended six -year implementation strategy and FY 2010 -2011 budget request. <br />Background: <br />Established by the Orange County Board of County Commissioners, the EDC is tasked with providing "advice and <br />guidance to the Orange County Board of County commissioners in implementing economic development policies <br />which create a balanced, dynamic local economy that promotes diversity, sustainable growth, and enhanced <br />revenues while embracing community values ". To carry out this mission given the pathways outlined in the <br />Investing in Innovation plan and the emphasis that the Board of Commissioners have placed on economic <br />development issues recently, the EDC embarked on a months -long mission to identify the critical path necessary for <br />Orange County to increase its commercial tax base and to estimate the multi -year investment in economic <br />development activities commensurate with this and the County's economic development objectives. <br />The EDC recommends comprehensive, systematic, and strategic upgrading of the county's economic development <br />capacity. We believe implementing the complete set of recommendations being submitted to the Board is necessary <br />to advance the commissioners' interests in improving Orange County's economic development prospects and its <br />commercial tax base. The EDC's recommended strategy embraces a three - pronged approach consisting of <br />infrastructure, tools, and knowledge, which when implemented as a program will move Orange County closer to <br />matching the economic development capacity already present in our neighboring jurisdictions, particularly Chatham, <br />Durham, Wake, and Alamance counties, while preserving Orange County's unique qualities. <br />PO Box 1177 • Hillsborough, NC 27278 <br />(919) 245 -2325 . FAX: (919) 644 -3008 <br />EMAIL: edemail@co.oranoe.nc.us • WEB ADDRESS: wow co.orange nc ustecodev <br />
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