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Agenda - 10-13-2015 - 1 - Report on Article 46 Funds (One-Quarter Cent Sales Tax) to Support Education and Economic Development Programs in Orange County
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Agenda - 10-13-2015 - 1 - Report on Article 46 Funds (One-Quarter Cent Sales Tax) to Support Education and Economic Development Programs in Orange County
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10/12/2015 10:48:12 AM
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BOCC
Date
10/13/2015
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Work Session
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Agenda
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Minutes 10-13-2015
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\Board of County Commissioners\Minutes - Approved\2010's\2015
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15 <br /> ECONOMIC DEVELOPMENT PROGRAMS IN ORANGE COUNTY FUNDED BY <br /> "ARTICLE 46" (ONE QUARTER CENT SALES TAX FOR ECONOMIC DEVELOPMENT) <br /> KEY SECTORS <br /> ANNUAL PERCENT OF <br /> ECONOMIC DEVELOPMENT USES OF FUNDS FUNDS ALLOCATION <br /> Debt Service on Water & Sewer Infrastructure in <br /> Orange County's 3 Economic Development Districts $7505000 60.0% <br /> Small Business Loan Fund $200,000 16.0% <br /> Innovation/Incubator Center for Entrepreneurial <br /> Development C'LaUNCh Chapel Hill") $100,000 8.0% <br /> Small Business Investment Grants $100,000 8.0% <br /> Agricultural Economic Development Grants $60,000 5.0% <br /> Marketing & Collaborative Outreach $20,000 1.5% <br /> Collateral Materials, Advertising, Publishing 1 $2050001 1.5% <br /> TOTAL ALLOCATION PER YEAR $13250,000 100.0% <br />
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