Orange County NC Website
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6 <br />• Lack of commercial retail options and building sites for <br />expanding new or existing businesses puts Orange County at a <br />distinct disadvantage in being able to allocate monies other than <br />residential properly taxes to support all public services, <br />including education, or new initiatives for economic <br />development <br />• Only 58% of workers residing in Orange County work in Orange <br />County -the County exports 42% of its workforce - 75% of <br />workers residing in Alamance County~~work in Alamance County <br />-75% of workers residing in Durham County work in Durham <br />County. <br />• Orange County has the highest per capital retail expenditures, <br />yet lost nearly $12 million in tax revenue (FY05-06 Sales Tax <br />Revenue Based on Different Percentage Leakage of Retail <br />Dollars Outside the County compared to Alamance and Durham <br />Counties) <br />• Enhanced efforts and partnerships with the .Cities of Mebane <br />and Durham and Towns of Chapel Hill, Carrboro and <br />Hillsborough will .soon enable much needed utility extensions <br />(debt financed) in two important economic zones along I-85 <br />• Improved coordination and collaboration with the Towns make it <br />possible together to encourage local businesses to expand and <br />new businesses to consider the County as a viable location to <br />do business <br />• Benefits adhere to All County residents wherever the actual <br />physical economic development is targeted for approval by, <br />elected officials -Translating into employment opportunities, <br />retail shopping, entrepreneurial and creative enterprises, <br />community improvements, and public/private investment <br />• Earliest effective date would be April 1, 2012 <br />