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• Orange County currently has an unwritten county incentive policy, <br />with internal guidelines, that has been quoted for several recent <br />economic development prospects (industrial &headquarters) <br />considering our community since 2011. <br />• Grant is calculated as a percentage of the annual property tax <br />valuation of the project's capital investment (up to 75%), and for <br />a multi -year term (up to 5 years). <br />• Performance -based grant that has protective claw -back provisions <br />in a written inducement contract between the County & company. <br />• The BOCC first approved this incentive in 2011, and again in 2013, <br />for two industrial projects that selected Orange County. <br />