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