Orange County NC Website
Attachment 2a <br />ECONOMIC DEVELOPMENT USES OF "ARTICLE 46" <br />QUARTER CENT SALES TAX <br />Key Sectors <br />Proposed Uses for Economic Development <br />Percentage of <br />Allocation <br />Debt Service on Water & Sewer Infrastructure in 3 <br />Economic Development Districts of Orange County <br />$ 750,000 <br />60% <br />Marketing & Collaborative Outreach <br />$ 20,000 <br />1.6% <br />Small Business Loan Fund <br />$ 200,000 <br />16% <br />Collateral Materials, Advertising, Publishing <br />$ 20,000 <br />1.6% <br />Innovation Center for Entrepreneurial <br />Development (LaUNCh incubator) <br />$ 100,000 <br />8% <br />Agricultural Economic Development Grants <br />$ 60,000 <br />5% <br />Business Investment Grants <br />$ 100,000 <br />8% <br />TOTAL <br />$ 1,250,000 <br />100% <br />PROPOSED ECONOMIC DEVELOPMENT USES OF QUARTER CENT <br />SALES TAX <br />8% <br />5% J4 <br />1.6% .baft.- <br />16% <br />1.6°/ <br />For Fiscal Year 2012 -2013 <br />Page 1 of 1 <br />■ Debt Service on Infrastructure* <br />■ Collaborative Outreach <br />■ Small Business Loan Fund <br />■Collateral Materials <br />■ Innovation Center <br />■ Agricultural Economic <br />Development <br />■ Business Investment Grants <br />7 <br />