Orange County NC Website
3 <br />Attachment A <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 />1.5% <br />Small Business Loan Fund <br />$ 200,000 <br />16% <br />Collateral Materials, Advertising, Publishing <br />$ 20,000 <br />1.5% <br />Innovation Center for Entrepreneurial Development <br />(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 />1.5% <br />Proposed Economic Development Uses of <br />Quarter Cent Sales Tax <br />8% <br />1; o/ <br />■ Debt Service on Water & Sewer <br />Infrastructure <br />■ Marketing Collaborative Outreach <br />■ Small Business Loan Pool <br />■ Collateral Materi als, Advertising, Publishing <br />■ Innovation Center (LaUNCh Incubator) <br />■ Agri cultural Economic Development Grants <br />■ Business Irniestment Grants <br />