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� <br /> able to leverage into international recognition by MSNBC. However, the funds are fully allocated, <br /> with numerous local businesses eager to participate whenever additional funding becomes <br /> available. Based on this history as well as the experience of small business funds available in <br /> Durham and Chatham counties, we recommend Orange County's small business fund be <br /> recapitalized. However, Orange County also needs a retention and recruitment fund designed to <br /> meet the needs of established local businesses who are expanding or incoming businesses who <br /> want to locate here and who likely will end up employing county residents or whose <br /> managers/executives will call Orange County home. Equally important, these funds must be <br /> administered with flexibility without lengthy, complex, or onerous procedures. Lastly, quality <br /> research capable of supporting cluster, R&D, gap, or revenue stream analyses requires both <br /> faculty and student involvement. Unlike this past year's student papers, which was pro bono and <br /> involved limited scope and time investment, cluster/R&D/gap/and funding stream analysis <br /> substantive research effort is provided only on a fee basis ranging from $25,000 to $250,000 or <br /> more. <br /> The total financial impact of this investment is <0.04% of the total county budget for FY 2010- <br /> 2011. <br /> Although Streamlined Permitting and the UDO are under the auspices of the Planning <br /> Department, the EDC views it as a critical path requirement for economic development, thus we <br /> recommend that the county invest staffing and resources necessary to achieve these in a <br /> timeframe that inspires confidence and trust among investors, site selection decision-makers, <br /> and the development community. Secondly, while extending full water/wastewater infrastructure <br /> into Buckhorn and Eno EDDs and satisfying all criteria required for NC Department of Commerce <br /> Site Certification are critical path elements, much of this investment also will be under the <br /> auspices of the Planning Department. Although the EDC's extended budget estimates the <br /> general magnitude of the investment required, to many unknowns exist to set expectations for a <br /> firm figure. <br /> FY 10-11 thru FY15-16 <br /> Estimated Economic Development Department <br /> Places <br /> •Estimate for Buckhorn EDD ($4,400,0000) <br /> •Eno EDD Engineering and Build-Out (TBD) <br /> •NC Department of Commerce Site Certification (TBD) <br /> Tools <br /> - Business retention, recruitment, and loan funds ($2,000,000) <br /> - Completion/implementation of County Unified Development Ordinance (TBD) <br /> Knowledge <br /> - RTRP Dues, Intra-County Collaboration Events, Focused Research, and Strategic <br /> Planning 300 000 <br /> Total = $6.7 million + Eno EDD + UDO <br /> We anticipate that the engineering, build-out, and NC DOC site certification will require 36-48 <br /> months at best, assuming no delays for Buckhorn EDD alone. Given the state of negotiations <br /> with Durham, we anticipate that it will require up to 72 months for engineering, build-out, and NC <br />