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2 <br /> significant portion of this effort has been funded from the 2011 referendum that <br /> created the 1/4 cent sales tax proceeds to benefit economic development and <br /> education, called "Article 46" funding. Examples are as follows: <br /> Financial Assistance Provided to Small Businesses in Hillsborough <br /> • Since the creation of the Orange County Small Business Loan Program <br /> several years ago, up until the current period, Hillsborough small businesses <br /> have received approximately $500,000 in total loans to retain and support <br /> their growth. This lending activity within the Town represents almost 80% of <br /> all loans approved County-wide for small business borrowers. Recent loan <br /> activity includes the following Hillsborough firms: <br /> MasterPeace Barber Shop - home-based barber shop <br /> Accidental Baker - gourmet cracker food processing <br /> Beau Catering - upscale special events catering <br /> Bacon Meat Market - deli & fresh local meat market (opening soon) <br /> Seal The Season — Piedmont Food & Agricultural Processing Center <br /> tenant (frozen blueberries & vegetables) <br /> Mystery Brewery & Tap Room - microbrewery & retail store <br /> • The Article 46-funded Orange County Small Business Investment Grant <br /> Program began to make operational business grants of up to $10,000 per <br /> applicant in 2015. County-wide, the new grant program awarded $245,840 to <br /> 39 total growing firms. Of this amount, a total of nine (9) Hillsborough small <br /> businesses received $65,352 in total grant support, which was 26.5% of all <br /> small business grants made last year. Those firms are as follows: <br /> 360 Degree Health - health care provider <br /> Kyookz - food processing <br /> Music Maker Relief Foundation - nonprofit <br /> Q Garden - retail store <br /> MasterPeace Barber Shop - home-based barber shop <br /> Regulator Brewing Company - microbrewery <br /> Seal The Season - Piedmont Food & Agricultural Processing Center <br /> tenant (frozen blueberries & vegetables) <br /> Accidental Baker - gourmet cracker food processing <br /> Beau Catering - upscale special events catering <br /> • Also in 2015, the Orange County Agriculture Economic Development Grant <br /> Program provided a total of 20 awards exceeding $157,178 for area farms <br /> and related agricultural food systems businesses. Approximately eight (8) of <br /> those recipients have a Hillsborough mailing address and received 60% of all <br /> agricultural grants County-wide. <br /> Business Recruitment Activity <br /> • Business prospect inquires by potential light industrial, warehousing and <br /> commercial investors are strong and expanding in frequency. In 2015 the <br />