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Durham County Economic <br />Development r rti <br />MISSION: The mission of Durham County's Economic <br />Development Program is to develop and implement <br />initiatives that promote the economic well being of <br />Durham County. This mission is achieved by working <br />closely with local economic development organizations <br />to aid and encourage new capital investment and the <br />creation and retention of qualityjobs for Durham <br />residents. <br />STAFF: 0 -County Manager's Office contracts with the <br />Durham Chamber to coordinate economic development <br />initiatives and activities in the county <br />STRUCTURE: Public <br />Durham county ED Budget <br />Summary 0' <br />Operating Exp. <br />Transfers Exp. <br />Other Exp. <br />Total Expenditures <br />Intergovernmental Rev. <br />Total Revenues <br />Net Expenditures'' 9 <br />INCENTIVES: The county maintains an Economic <br />Development Investment Program to encourage the <br />location/ retention of news business and industry. FY09- <br />10 commitments include: <br />• American Institute of Certified Public Accountants - <br />$182,000 <br />• Capitol Broadcasting Company- $613,883 <br />• Eisai, Inc. - $200,000 <br />° IBM Data center - $107,142 <br />° Merck & Co., Inc. - $200,000 <br />° <br />Nitronex - $45,000 <br />° Parata Systems - $35,000 <br />° Quintiles Transnational Corp. - $533,333 <br />° United Therapeutics Corp. - $130,000 <br />319,332 <br />255,023 <br />1,334,395 <br />1�4 <br />107,142 <br />- <br />250;( <br />1,071,000 <br />3,055,333 <br />1,392,444 <br />2,046,: <br />1,390,332 - <br />3,417,498 <br />2,726,839 <br />2,530 <br />100,000 <br />500,000 <br />100,000 <br />500,000 <br />;1290,332 ' <br />$3,417,498 <br />$2,226,839 <br />$2,530, <br />