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Economic Development Programs in Orange County Funded by "Article 46" <br /> (One Quarter Cent Sales Tax for Economic Development) <br /> (Pie chart) <br /> Economic Development Programs in Orange County Funded by "Article 46" <br /> (One Quarter Cent Sales Tax for Economic Development) <br /> • Debt Service on Ud|UUes& Infrastructure to 3 Economic Development Districts <br /> Article 4O annual funding: $75O,OOOO[ OO96Oftotal <br /> • Small Business Loan Fund <br /> Article 4O annual funding: $2OO,OOOO[ 1O96Oftotal <br /> • Innovation/Incubator Center for Entrepreneurial Developments (LaUNCh Chapel Hill) <br /> Article 4O annual funding: $1OO,OOOO[ 896Of total funding <br /> • GrnaU Business Investment Grants <br /> Article 4O annual funding: $1OO,OOOO[ 896Oftotal <br /> • Agricultural Economic Development Grants <br /> Article 4O annual funding: $OO,OOOO[ 596Oftotal <br /> • Marketing and Collaborative Outreach <br /> Article 4O annual funding: $2O,OOOO[ 1.596Oftotal <br /> • Collateral Material, Advertising, Publishing <br /> Article 46 funding: $20,000 or 1.596 of total <br /> Total Allocation Per Year: $1'250'000 or 100% <br /> Debt Service on Utilities and Infrastructure to 3 Economic Development Districts <br /> Article 46 annual funding: $750,000 or 60% of total <br /> Examples of : <br /> Town of Carrboro <br /> * <br /> County's 50/50 financial participation with the Town of Carrboro to share in the co-pay <br /> requirement for the Community Development Block Grant (CDBG) that funded the <br /> repair ofa failing sewer line on Roberson Street. The ud|ib/ line has now been <br /> repaired. <br /> Buokhorn Economic Development District <br /> * <br /> Over $4 million spent or committed to fund a backbone water & sewer utility line in the <br /> Buokhorn Economic Development District to help recruit prospective industries & <br /> business considering sites. <br /> Debt Service on Utilities & Infrastructure to 3 Economic Development Districts <br /> Article 46 annual funding: $750,000 or 60% of total <br /> Promects <br /> ^ Buokhorn-W1ebane Phase 2 - Completed <br /> ^ Buokhorn EOO Phase Extension - Design 9996 <br /> ^ EnoEOOUd|ides — Feasibi|itv <br /> ^ <br /> Hillsborough EOO Utilities — Conceptual <br /> ^ Buokhorn-W1ebane Phase 3 and 4 — Conceptual <br /> Economic Development Account (Undesignated Proceeds, Not Debt) <br /> ^ W1orina0aArea |nfrastructure — Comp|eted <br /> ^ <br /> ED Utility Extension Projects — Prospective industry, project specific infrastructure <br />