Orange County NC Website
3 <br />• An individual representing the Universitv of North Carolina at Chapel Hill preferably <br />involved in the development activities, such as planning for Carolina North, or on the <br />foundation side of business development; <br />• The tourism sector represented by an individual involved in retail and/or hospitality, <br />such as a restaurant or hotel manager, or someone involved in the arts; and <br />• At some point in the future, someone representing Duke Universitv land assets in <br />Orange County could be included. <br />Potential Functions of the New Economic Development Advisory Council <br />Although the activities of the Board will be dependent on specific project and department <br />needs, several activities anticipated to be performed by the Board include; <br />• Meet with prospective clients, and be involved with select economic development <br />endeavors; <br />• Participate and advise in discussions, evaluations, and decisions on appropriate <br />economic development uses of the proceeds from the quarter cent sales tax; <br />• Craft, analyze and promote economic development initiatives; <br />• Identify and review potential new markets; <br />• Assist in planning economic development policy; <br />• Actively engage in stimulating community discussions on economic development issues; <br />• Assist with the small business loan program; <br />• Set priorities on the location and type of infrastructure (water, sewer, fiber) for the <br />County's Economic Development Districts; <br />• Help determine how Orange County might partner with the towns on economic <br />development initiatives; and <br />• Assist and advise on the recommended areas suitable for economic development and <br />commercial nodes. <br />Page 2 of 2 <br />