Orange County NC Website
~ w <br />Focus Area Percentage Estimated Estimated Example Activities <br /> of Funds' Annual Expenditure <br /> Ex enditures FY 2012-2013 <br />Agricultural 2 - 20% $25,000 - $60,000 • Provide limited capital support to PFAP for <br />Economic $250,000 processing equipment that can add value to <br />Development Orange County farm products <br /> • Provide support to local farmers to <br /> strengthen their product marketing and <br /> promotion <br /> Continue to develop support network for <br /> new farmers <br /> • Provide assistance for food entrepreneurs <br /> that have raduated from PFAP <br />Business 8% $100,000 $100,000 • Facilitate marketing Orange County to <br />Investment prospective businesses <br />Grants . Client support for site preparation, <br /> relocation assistance, or site investigations <br /> • Com etitive ursuit of tar eted ro'ects <br />Small 0% - 16% Up to $200,000 . Start-up capital and expansion funds for <br />Business Loan $200,000 for Orange County small businesses <br />Program next few • Collaborate with local economic <br /> years development partners (municipalities, <br /> chambers of commerce) to extend the <br /> ro ram's reach <br />Establishment 12 -16% Up to $0 • Explore the feasibility of creating public- <br />of 501c (4) $200,000 for private stand-alone economic develop <br />entity several years entity <br /> • No expenditures are expected for this task <br /> for FY 2012-2013 <br />Note: Unallocated funds at the end of a given fiscal year, will be placed in a reserve fund for each specific focus <br />area, and utilized for future projecfs. <br />Page 2 of 3 <br />