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