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ORANGE COUNTY BOARD OF COMMISSIONERS <br />CHAPEL HILL TOWN COUNCIL <br />JOINT MEETING <br />AGENDA ITEM ABSTRACT <br />Meeting Date: March 29, 2012 <br />SUBJECT: Joint Meetina Discussion Items <br />DEPARTMENT: County Manager/Town PUBLIC HEARING: (Y /N) No <br />Manager /County Economic <br />Development/Asset <br />Management/Finance and <br />Administrative Services <br />ATTACHMENT(S): <br />As noted in "Background" section <br />INFORMATION CONTACT: <br />Frank Clifton, 245 -2300; Roger Stancil, <br />968 -2743; Steve Brantley, 245 -2325; <br />Michael Talbert, 245 -2300; Pam Jones, <br />245 -2650; Clarence Grier, 245 -2450; Greg <br />Wilder, 245 -2300 <br />PURPOSE: To discuss topics of mutual interest between the governing boards of Orange <br />County and the Town of Chapel Hill. <br />BACKGROUND: <br />1. Economic Development Updates <br />a) Town of Chapel Hill <br />b) Orange County <br />While Orange County and Town of Chapel Hill each operate their own economic development <br />programs, the two entities have developed a collaborative working relationship that is mutually <br />beneficial, which is intended to benefit the residents of the community as a whole. Although <br />each of the programs has developed a focus unique to its goals and objectives, there are also <br />common opportunities to collaborate. Several of these opportunities include: <br />♦ Search for incubator space — The Town and the County have been working on <br />the development of incubator sites to facilitate innovation growth, both from the <br />University and local entrepreneurs. Over the past year, Town and County <br />economic development staff have met regularly to assess various potential site <br />locations, and talked with potential investors and incubator space operators. <br />Also, the County's Economic Development Department recently sponsored a <br />study conducted in 2011 by UNC's Department of City and Regional Planning to <br />