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Agenda - 06-16-2015 - 6a
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Agenda - 06-16-2015 - 6a
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6/15/2015 9:28:32 AM
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BOCC
Date
6/16/2015
Meeting Type
Regular Meeting
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Agenda
Agenda Item
6a
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Minutes 06-16-2015
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4 <br /> 1 Tina Love is the new office administrator. <br /> 2 <br /> 3 Utility infrastructure progress in the Economic Development Districts <br /> 4 Over $4 million in water and sewer lines have been placed in the Buckhorn Economic <br /> 5 Development District (EDD) to begin building a series of backbone infrastructure to <br /> 6 serve the County's largest region zoned for business recruitment. The success to attract <br /> 7 the Morinaga facility was enabled by the one-quarter cent sales tax for economic <br /> 8 development that funded this initial water and sewer system. <br /> 9 Additional water and sewer line expenditures will be needed to serve priority sites in the <br /> 10 Hillsborough Economic Development District (commercially zoned properties outside of <br /> 11 the Waterstone development). <br /> 12 <br /> 13 General business recruitment activity throughout Orange County <br /> 14 • Larger industrial sites in the Buckhorn Road and Hillsborough areas are being regularly <br /> 15 proposed to active prospect leads generated by the State of N.C.'s business recruiters. <br /> 16 Sites in the County are actively being visited by industries and developers seeking new <br /> 17 business locations. <br /> 18 • The County's total inventory of empty industrial, warehouse and office buildings <br /> 19 available to attract new business prospects has notably increased, with most of this new <br /> 20 inventory being located in Hillsborough. For the first time in many years, the County and <br /> 21 Hillsborough now have available capacity to market large square footage facilities (Eno <br /> 22 River Mill, & the Southern Season warehouse) to large business prospects. <br /> 23 <br /> 24 Comment Regarding "A Southern Season" Warehouse in Hillsborough <br /> 25 • Facility owners Susan Green & Michael Falk have hired a major real estate brokerage <br /> 26 firm, CBRE Industrial Triad, to market the 90,000 square foot building to new users. <br /> 27 • Orange County Economic Development has generated two prospects that have recently <br /> 28 toured the facility. Realtor CBRE Industrial has also generated several site visits by <br /> 29 investor prospects & operating companies seeking warehouse space. <br /> 30 • Orange County Economic Development office markets the building on the department <br /> 31 web site, and with the State of N.C.'s industrial site selection consultants. <br /> 32 • Orange County Economic Development worked for 2 years to meet with <br /> 33 Southern Season's management in an to attempt to show available real estate sites in <br /> 34 Hillsborough, and the County, and offer to quote potential financial incentives in order to <br /> 35 retain the warehouse. However, despite the County and Hillsborough having suitably <br /> 36 attractive and competitive site locations, the company showed little interest to consider <br /> 37 the local options. The company recently selected a fully developed business park (N.C. <br /> 38 Industrial Center) which has a 100,000 square foot shell building and 8-10 existing <br /> 39 warehouse operations located in Mebane. <br /> 40 <br /> 41 Evelyn Lloyd arrived at 7:35pm <br /> 42 <br /> 43 Kathleen Ferguson asked what the Town of Hillsborough can do to support the County's <br /> 44 economic development activities. <br /> 45 Steve Brantley said to have patience as he trains his new staff, and to continue to be <br /> 46 supportive of Orange County economic development. <br /> 47 Eric Hallman asked if Steve Brantley sees incentive packages as being important to <br /> 48 attract new businesses. <br /> 49 Steve Brantley said yes, they are important. <br /> 50 <br />
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