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PROPOSED ECONOMIC DEVELOPMENT USES OF SALES TAX PR�JCEEDS <br /> Focus Area Percenta e Estimated Exam le Activities �re uenc <br /> g p q Y <br /> � <br /> of Funds Annual <br /> Ex enditures <br /> Debt Service on (Q% �75�,000 • Installation of water and sewer infrastructure in Annually for 10 years <br /> Infrastructure EDDs <br /> Collaborative 1.5% �15,��0 - �20,000 • Trade shows targeted to specific industry Annually for 10 years; <br /> Outreach clusters amount of funding will <br /> • Industry Appreciation events businesses vary <br /> • Local "Economic Health" Summit <br /> Collateral Materials 1.5% $20,000 • Updated Internet interface Funding only required <br /> • Utilization of appropriate social media tools every 2 to 3 years <br /> • Develo ment of informative brochures <br /> Innovation Space 5 - 10% �75,000 - • Up fit of a county-owned innovation space Funding will vary with site <br /> $125,000 • Rent subsidies and/or leasehold improvements improvement <br /> on rivatel owned leasable s ace re uirements <br /> Agricultural 2 —2Q% �25,000 - • Focused counseling for food-based businesses 10 years,but funding will <br /> Economic �25� 000 graduating from PFAP vary with program <br /> Development ' • Creation of a`culinary kitcheri facility to requirements <br /> rovide facilities for PFAP raduates <br /> Business 8°fo $10�,��0 • Advanced site preparation 10 years,but funding will <br /> Investment Grants • Relocation assistance vary with project <br /> Small Business 0% - 16% Up t0 �2�0,��� • Start-up capital and expansion funds for Orange After several years, <br /> Loan Program for next few County small businesses program will be self <br /> sufficient <br /> years <br /> Establishment of 12— 16% Up t0 �200,��0 • Develop public-private stand alone economic Expenditures in Years 2— <br /> 501c (4) entity for several years develop entity 5 for start up funding <br /> 1 Reflects the percentage of economic development funds,rather than overall funds <br /> Sales Tax lnitiative- Orange County Economic Development June 13, 2011 <br /> DRAFT Page 1 of 1 <br />