Agenda - 01-25-2011 - 4 - Laserfiche WebLink

Browse Search

• Produced, approved, and submitted to the BOCC Private Investment, Jobs, and Wealth Creation: An Overview of Economic Development Strategies, Best Practices, and Activity Driving Orange County Economic Development Outcomes • Provided summary of regional economic development strategies driving state resources and regional economic development activity, including business recruitment and retention • Provided summary of Orange County's competitive position relative to Alamance, Chatham, Durham, and Wake Counties • Provided BOCC copies of Alamance, Chatham, Durham, and Wake county and municipal incentives policies • Participated in the BOCC FY2010 -2011 Budget Cycle by Producing, approving, and submitting Investing in Our Future, EDC Strategic Recommendations: Places, Tools, and Knowledge advocating an integrated, multi- pronged approach towards economic development facilitating the BOCC's adoption of the FY2010- 2011 budget including the following economic development investments: o $200,000 capitalization of the Orange County Small Business Loan Fund o $400,000 investment in engineering contracts for the Buckhorn Economic Development District o Increasing YOY (year -on -year) investment in the Orange County Economic Development Department's operating budget, excluding salaries o $15,500 payment of Research Triangle Regional Partnership annual dues o $2000 investment in research into UNC- Chapel Hill R &D funding and spin -off activity o Initiate exploration into business accelerator and lease subsidies for local entrepreneurs and start-ups • Identified areas for further applied research • UDO best practices, particularly those in place in neighboring jurisdictions • 'Non -UNC patent - related UNC spin -off activity, needs, challenges • Business accelerator needs, challenges • Cluster analysis and opportunities • Retail analysis and opportunities • Sustainability and resilience best practices, needs, challenges • Location survey and analysis • Impact of transportation planning on economic development • Developed standard prospective candidate communication and new member on- boarding materials • Prospective candidate invitation to EDC meetings • New member welcome package • New Member welcome email and letter • Member snapshot (summary of member contact information, skills, and interests) • Logistics, processes, procedures 'Non -UNC patent - related UNC spin -off activity relates to spin -offs spawned by UNC faculty and students involving intellectual property not owned in part or total by UNC. UNC Patent - related UNC spin -off activity addressed in DCRP Fall Workshop.