Orange County NC Website
Table 3: Pro'ections for Retailers, hotels, and Restaurants <br />Establishment Number ' Space; Projected Projected <br />(square - Revenue Number of <br />feet) (million) employees <br />Source: East West Partners and IlVIPLAN data-ES202, Regional Economic Information System; County Business <br />Pattern <br />Using the above figures and the assumption that 70 percent of jobs created would go to Orange <br />County residents, the following table provides a breakdown of the number of jobs going to <br />county residents versus non-residents. <br />Table 4: <br />Anchor Retailer <br />hotels/Restaurants/Retailers <br />Total <br />210 90 300 <br />583 250 833 <br />793 340 1,133 <br />The finial part of the analysis was to estimate the amount of sales tax revenue generated by <br />Orange County due to sales at shops in Buckhorn Village. IMPLAN estimated sales tax revenue <br />to be just more than $5.5 million, all of which would go to Orange Caurity given that the <br />purchases will be made in the county. <br />Summary <br />In. all, the total economic impact of Buckhorn Village is significant. During the construction <br />phase of the project over 1,300 jobs will be created with well over 900 going to Orange County <br />residents. The sales tax revenue generated during construction is $2.18 million with $875,000 <br /> <br />