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5 <br /> 1 b.) Opportunities for County/Town Economic Development Partnerships <br /> 2 Steve Brantley read the following information from the abstract: <br /> 3 <br /> 4 Ongoing Business Prospect Activity in Hillsborough <br /> 5 Orange County's Planning & Inspections Department, assisted by the Economic Development <br /> 6 office, have a number of promising commercial and retail development activities that should <br /> 7 bring new capital investment to the property tax base, add new jobs and payroll, and bring <br /> 8 additional retail sales tax to the Town of Hillsborough and Orange County. Locations being <br /> 9 considered for development include property improvements adjacent to Home Depot at the <br /> 10 southeast quadrant of N.C. 86 and Interstate 85, and at the southwest quadrant of Old N.C. 85 <br /> 11 and Interstate 40. Specific retail and commercial projects are at various stages of development, <br /> 12 such as submitting site plans, negotiating with land owners and NCDOT, and meeting with <br /> 13 Planning & Inspections. Ongoing discussions, some still confidential, include a major restaurant <br /> 14 chain, and mixed use commercial office development. <br /> 15 <br /> 16 • Sheetz gas station & convenience store <br /> 17 • Restaurant <br /> 18 • Mixed use commercial office building <br /> 19 <br /> 20 Prospects Visits Made to Hillsborough <br /> 21 Hillsborough has several desirable real estate buildings currently on the market that are all <br /> 22 suitable for commercial, light industrial and warehouse users. These locations are attractive, <br /> 23 competitively priced and together represent the County's single strongest grouping of available <br /> 24 buildings with the potential to attract new businesses. The Economic Development office has <br /> 25 presented each of these facilities to visiting industrial prospects during the previous year. With <br /> 26 the departure of Southern Season's warehouse operations by October 2015, the County will <br /> 27 suddenly have a large industrial/distribution facility of nearly 90,000 square feet that can be <br /> 28 marketed to more large business prospects than was previously possible in past years, when <br /> 29 almost no empty buildings existed. In most cases, the Economic Development office informs <br /> 30 Hillsborough's Town Manager and/or Senior Planner regarding each prospect visit. <br /> 31 <br /> 32 • Eno River Mill — up to 90,000 sq. ft. is currently available <br /> 33 • 505 Eno Street (A Southern Season's warehouse) — 89,834 sq. ft., (space will be <br /> 34 available in October 2015, and is now being marketed and shown to numerous <br /> 35 prospective tenants). <br /> 36 • Elizabeth Brady Road —24,000 sq. ft. <br /> 37 • Valley Forge Road - 2,500 to 3,000 sq. ft. (offices & warehouse) <br /> 38 • Sinclair building (N. Churton Street) <br /> 39 • N.C. 57 Business Park (located near the N.C. 57/N.C. 86 intersection) <br /> 40 • Tryon Business Center II (5.3 acre site at Meadowlands) <br /> 41 <br /> 42 Orange County's Small Business Loan Program &Actual Lending Activity that <br /> 43 Support Small Businesses in Hillsborough <br /> 44 The County's Small Business Loan Program has granted seven (7) loans totaling <br /> 45 $271,848.00 to small businesses located here in Hillsborough. This activity represents 58% of <br /> 46 the total number of all loans extended, and 63% of all funds loaned to area businesses. The <br /> 47 Hillsborough-based borrowers are as follows: <br /> 48 <br /> 49 Orange County Gymnastics Tim Baker <br />