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At~ach~n~e~n-~ ~ <br />PROPOSED ECONOMIC DEVELOPMENT USES OF SALES TAX PROCEEDS 13 <br />Updated December 5, 2011 <br />Focus Area Percentage Estimated Estimated Example Activities <br /> of Fundsl Annual Expenditure <br /> E enditures FY 2012-2013 <br />Debt Service 60% $750,000 $750,000 . Installation of backbone water and sewer <br />on infrastructure in Economic Development <br />Infrastructure Districts <br /> • Fiber optic availability for non-residential <br /> development as appropriate <br /> Approximately 60% of allocated funds will <br /> be used for debt service annually for the <br /> next 10 ears <br />Collaborative 1.5% $15,000 - $20,000 • Marketing and prospect recruitment, <br />Outreach $20,000 including trade shows targeted to specific <br /> business clusters <br /> • Collaborative development projects with <br /> municipal partners <br /> Industry Appreciation events allowing <br /> Orange County industries the opportunity <br /> to network with other businesses and local <br /> and state officials <br /> • Development of a Local "Economic Health" <br /> Summit , providing a regular update of the <br /> County's Economic Development programs <br /> and provide an assessment of the County's <br /> economic health <br />Collateral 1.5% $20,000 $20,000 . Creation of materials inventory to support <br />Materials marketing efforts, both in cooperation with <br /> our municipal partners and stand-alone <br /> materials <br /> • Update Orange County Economic <br /> Develo ment's online resence <br />Innovation 5 -10% $75,000 - $10,000 • Foster the local growth of university- <br />Space $125,000 affiliated entrepreneurs <br /> Support transition from university to <br /> private sector, such as providing Iease <br /> subsidies <br /> Work with municipal and/or university <br /> partners to identify specific areas of <br /> tar eted assistance <br />' Reflects the percentage of economic development funds, rather than overall funds <br />Page 1 of 3 <br />