Agenda - 11-19-2013 - 5a - Laserfiche WebLink

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Irvine, California and Fort Lee, New Jersey. The facility will be the first manufacturing facility in the U.S. and will produce the company's number one selling product called "Hi- Chew ". Morinaga has committed to creating at least 90 jobs during the first three years of operation. These positions will pay approximately $38,000, a figure that meets the One North Carolina Fund wage test. As part of the incentive package, Mebane and Orange County sponsored the $264,000 One NC Fund performance grant that has been awarded. In addition, Durham Technical Community College will provide training for the company's new employees. This collaborative effort will bring much needed jobs and an investment of over $48 million in the community. The 21 -acre site is large enough to accommodate future expansions that will add more opportunity for the workforce. This new development can serve as a catalyst for business activities in the Buckhorn EDD and Orange County industrial parks. Attachment 1 includes the public hearing noticed published in The Herald Sun and News of Orange on November 6, 2013. Attachment 2 contains a draft resolution for the Morinaga America Foods, Inc. CDBG application. The final resolution will be included in the application submittal for Board review at the December 2, 2013 BOCC meeting. FINANCIAL IMPACT: The financial impact is to be determined as proposals, specific requests, and updates come forward. Orange County's share will be funded from the Article 46 (One - Quarter Cent) Sales and Use Tax for economic development infrastructure and business incentives. RECOMMENDATION(S): The Interim Manager recommends that the Board: 1. Receive comments from the public as additional information; 2. Close the public hearing; and 3. Schedule the CDBG application review for the December 2, 2013 Board of County Commissioners meeting.