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5 <br />b) Opportunities for County /Town Economic Development Partnerships <br />Ongoing Business Prospect Activity in Hillsborough <br />Orange County's Planning & Inspections Department, assisted by the Economic <br />Development office, have a number of promising commercial and retail <br />development activities that should bring new capital investment to the property tax <br />base, add new jobs and payroll, and bring additional retail sales tax to the Town of <br />Hillsborough and Orange County. Locations being considered for development <br />include property improvements adjacent to Home Depot at the southeast quadrant <br />of N.C. 86 and Interstate 85, and at the southwest quadrant of Old N.C. 85 and <br />Interstate 40. Specific retail and commercial projects are at various stages of <br />development, such as submitting site plans, negotiating with land owners and <br />NCDOT, and meeting with Planning & Inspections. O -going discussions, some <br />still confidential, include a major restaurant chain, and mixed use commercial <br />office development. <br />➢ Sheetz gas station & convenience store <br />➢ Restaurant <br />➢ Mixed use commercial office building <br />Prospects Visits Made to Hillsborough <br />Hillsborough has several desirable real estate buildings currently on the market <br />that are all suitable for commercial, light industrial and warehouse users. These <br />locations are attractive, competitively priced and together represent the County's <br />single strongest grouping of available buildings with the potential to attract new <br />businesses. The Economic Development office has presented each of these <br />facilities to visiting industrial prospects during the previous year. With the <br />departure of Southern Season's warehouse operations by October 2015, the <br />County will suddenly have a large industrial /distribution facility of nearly 90,000 <br />square feet that can be marketed to more large business prospects than was <br />previously possible in past years, when almost no empty buildings existed. In <br />most cases, the Economic Development office informs Hillsborough's Town <br />Manager and /or Senior Planner regarding each prospect visit. <br />➢ Eno River Mill — up to 90,000 sq. ft. is currently available <br />➢ 505 Eno Street (A Southern Season's warehouse) — 89,834 sq. ft., (space <br />will be available in October 2015, and is now being marketed and shown to <br />numerous prospective tenants). <br />➢ Elizabeth Brady Road — 24,000 sq. ft. <br />➢ Valley Forge Road - 2,500 to 3,000 sq. ft. (offices & warehouse) <br />➢ Sinclair building (N. Churton Street) <br />➢ N.C. 57 Business Park (located near the N.C. 57 /N.C. 86 intersection) <br />➢ Tryon Business Center II (5.3 acre site at Meadowlands) <br />Orange County's Small Business Loan Program & Actual Lending Activity that <br />Support Small Businesses in Hillsborough <br />The County's Small Business Loan Program has granted seven (7) loans totaling <br />$271,848.00 to small businesses located here in Hillsborough. This activity <br />