Agenda - 02-26-2015 - Agenda - Laserfiche WebLink

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M Utility infrastructure progress in the Economic Development Districts • Over $4 million in water and sewer lines have been placed in the Buckhorn Economic Development District (EDD) to begin building a series of backbone infrastructure to serve the County's largest region zoned for business recruitment. The success to attract the Morinaga facility was enabled by the one - quarter cent sales tax for economic development that funded this initial water and sewer system. • Additional water and sewer line expenditures will be needed to serve priority sites in the Hillsborough Economic Development District (commercially zoned properties outside of the Waterstone development). General business recruitment activity throughout the County • Larger industrial sites in the County's Buckhorn and Hillsborough areas are being regularly proposed to active prospect leads that are generated by the State of N.C. Sites in the County are being visited by industries and developers seeking locations. • The County's total inventory of empty industrial, warehouse and office buildings available to attract new business prospects has notably increased, with most of this new inventory being located in Hillsborough. For the first time in many years, the County and Hillsborough now have available capacity to market large square footage facilities (Eno River Mill, & Southern Season warehouse) to large businesses. Comment Reaardina Southern Season's Warehouse in Hillsborouah • The County worked for 2 years meeting with and attempting to show Southern Season's management the available real estate sites in Hillsborough, and the County, and offer to quote potential financial incentives in order to retain the warehouse. However, despite the County and Hillsborough having suitably attractive and competitive site locations, the company showed little interest to consider the local options. The company recently selected a fully developed business park (N.C. Industrial Center) which has a 100,000 square foot shell building and 8 -10 existing warehouse operations located in Mebane. • Owners of the Hillsborough facility (Susan Green & Michael Falk) have hired a major real estate brokerage firm, CBRE Industrial Triad, to market the 90,000 square foot building to new users. The County has generated one prospect that will tour the building in February. • The County's Economic Development office is marketing the building on the County web site and on the State of N.C.'s industrial real estate web site. Staff will provide any other information at the meeting, and the Boards can discuss issues related to these items as necessary. No Attachments