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Agenda - 11-17-2015 - 7a - New Interlocal Agreement Between Orange County and the Town of Chapel Hill to Continue Funding the “Launch Chapel Hill” Small Business Incubator
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Agenda - 11-17-2015 - 7a - New Interlocal Agreement Between Orange County and the Town of Chapel Hill to Continue Funding the “Launch Chapel Hill” Small Business Incubator
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11/12/2015 4:35:01 PM
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11/12/2015 4:33:00 PM
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BOCC
Date
11/17/2015
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7a
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2015-664-E Co. Mgr. - Town of Chapel Hill interlocal agreement for small business incubator
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2015
Minutes 11-17-2015
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\Board of County Commissioners\Minutes - Approved\2010's\2015
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8 <br /> 6 <br /> Launch Chapel Hill is supported by: <br /> • Town of Chapel Hill : $30,000 per year plus additional in-kind services <br /> (accounting/bookkeeping, payroll, etc) through the Chapel Hill Downtown <br /> Partnership <br /> • Orange County : $40,000 per year <br /> • University of North Carolina: up to $100,000 per year <br /> • Becker Family - $135,000 per year <br /> The Town and County funds are used to pay facilities expenses. UNC funds are <br /> available to cover any shortfall on facilities expenses. <br /> UNC & Becker Family funds are used to support staff salaries (Director, 3 <br /> Entrepreneurs in Residence) and other program expenses (marketing, programming, <br /> events, etc) <br />
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