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9 <br /> 1 • The State of North Carolina has offered the company a $264,000 grant from the "One N. C. <br /> 2 Fund" discretionary grant program. Refer to the attached commitment letter, dated January 4, <br /> 3 2013 from the North Carolina Department of Commerce's Deputy Secretary Dale Carroll. Also, <br /> 4 NCDOT has committed to provide approximately $500,000 to build a 2,500 foot road access <br /> 5 improvement by extending the current Ben Wilson service road parallel to the interstate up to the <br /> 6 Company's 21-acre site. Technical training for new employees, valued at $150,000 or higher, will <br /> 7 be provided by the Hillsborough campus of the N. C. Community College System's Durham <br /> 8 Technical Community College. <br /> 9 <br /> 10 • And finally, pre-screening of job applicants will be provided by the State's Employment <br /> 11 Security Commission office in Chapel Hill office, to help identify Orange County residents who <br /> 12 wish to gain employment with this company. <br /> 13 <br /> 14 <br /> 15 Summary of State & Local Financial Incentives: <br /> 16 State of North Carolina <br /> 17 • "One NC Fund" Grant $264,000 <br /> 18 • Durham Technical Comm. College training $150,000 <br /> 19 • NCDOT Extension of Ben Wilson Road $500,000 <br /> 20 $914,000 <br /> 21 <br /> 22 • Community Development Block Grant $ to be determined <br /> 23 (75% reimbursement of Orange County's total initial cost to extend water and sewer to site) <br /> 24 <br /> 25 Orange County <br /> 26 • Performance Grant $1,500,000 <br /> 27 ($308,000 annually X 5 years) <br /> 28 <br /> 29 • Community Development Block Grant $ to be determined <br /> 30 (25% co-pay of Orange County's total initial cost to extend water and sewer to site, & road design) <br /> 31 <br /> 32 City of Mebane <br /> 33 • Performance Grant $ to be determined <br /> 34 <br /> 35 <br /> 36 Recommendation to the BOCC: <br /> 37 The Board of County Commissioners will schedule the public hearing, at a later date, for consideration of <br /> 38 the County-sponsored incentive for Morinaga. All incentives from the County will come from the County <br /> 39 property tax revenues that Morinaga generates after it is in operation, supplemented by proceeds from the <br /> 40 1/4 cent sales tax. <br /> 41 <br /> 42 Partners in the Successful Recruitment Process: <br /> 43 Key Participants <br /> 44 • State of North Carolina <br /> 45 (Governor McCrory & Secretary of Commerce Sharon Decker) <br /> 46 • North Carolina Department of Commerce <br /> 47 (Business/Industry Development Division & Commerce Finance Division) <br /> 48 • Orange County <br /> 49 (Board of County Commissioners, Manager's Office, Economic Development, <br /> 50 Planning & Inspections, Visitor's Bureau, Public Affairs) <br /> 51 • City of Mebane <br /> 52 (Mayor & City Manager's office) <br /> 53. Durham Technical Community College <br /> 54 (Hillsborough campus) <br />