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5 <br /> 1 (Pie chart) <br /> 2 <br /> 3 Economic Development Programs in Orange County Funded by "Article 46" <br /> 4 (One Quarter Cent Sales Tax for Economic Development) <br /> 5 • Debt Service on Utilities& Infrastructure to 3 Economic Development Districts <br /> 6 Airficle 66 nu uaa. l fa. n61ng"� $7501000 or 60% of i i 11 <br /> 7 • Small Business Loan Fund <br /> 8 Airficle 66 nu uaa. l fa. n61ng"� 2001000 or 16% of i i 11 <br /> 9 • Innovation/Incubator Center for Entrepreneurial Developments (LaUNCh Chapel Hill) <br /> 10 Airficle 66 annuall fun61ng"� 1001000 or 8% of tot II fun61ng <br /> 11 • Small Business Investment Grants <br /> 12 Airficle 66 annuall fun61ng"� 1001000 or 8% of tot II <br /> 13 • Agricultural Economic Development Grants <br /> 14 Airficle 66 annuall fun61ng"� 601000 or 5% of t t II <br /> 15 • Marketing and Collaborative Outreach <br /> 16 Airficle 66 annuall fun61ng"� 201000 or ` 5% of t t II <br /> 17 • Collateral Material, Advertising, Publishing <br /> 18 Airficle 66 fun61ng"� 201000 or ` 5% of t t II <br /> 19 Total Allocation Per Year: $1,250,000 or 100% <br /> 20 <br /> 21 Debt Service on Utilities and Infrastructure to 3 Economic Development Districts <br /> 22 Article 46 annual funding: $750,000 or 60% of total <br /> 23 Examples of Use: <br /> 24 Town of Carrboro <br /> 25 County's 50/50 financial participation with the Town of Carrboro to share in the co-pay <br /> 26 requirement for the Community Development Block Grant (CDBG) that funded the <br /> 27 repair of a failing sewer line on Roberson Street. The utility line has now been repaired. <br /> 28 Buckhorn Economic Development District <br /> 29 Over $4 million spent or committed to fund a backbone water & sewer utility line in the <br /> 30 Buckhorn Economic Development District to help recruit prospective industries & <br /> 31 business considering sites. <br /> 32 <br /> 33 Debt Service on Utilities & Infrastructure to 3 Economic Development Districts <br /> 34 Article 46 annual funding: $750,000 or 60% of total <br /> 35 Projects <br /> 36 Buckhorn-Mebane Phase 2 - Completed <br /> 37 Buckhorn EDD Phase 2 Extension - Design 99% <br /> 38 Eno EDD Utilities — Feasibility <br /> 39 Hillsborough EDD Utilities — Conceptual <br /> 40 Buckhorn-Mebane Phase 3 and 4— Conceptual <br /> 41 Economic Development Account (Undesignated Proceeds, Not Debt) <br /> 42 Morinaga Area Infrastructure— Completed <br /> 43 ED Utility Extension Projects — Prospective industry, project specific infrastructure <br /> 44 <br /> 45 Small Business Loan Fund <br /> 46 Article 46 annual funding: $200,000 or 16% of total <br /> 47 <br /> 48 Article 46 includes a provision to provide up to $200,000.00 annually in additional <br /> 49 lending flexibility to Orange County's existing Small Business Loan Program. <br />