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Agenda - 06-02-2016 - Abstract for Joint Meeting Discussion Items
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Agenda - 06-02-2016 - Joint Mtg. - Chapel Hill Town Council
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Agenda - 06-02-2016 - Abstract for Joint Meeting Discussion Items
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BOCC
Date
6/2/2016
Meeting Type
Municipalities
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Agenda
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Minutes 06-02-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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Attachment 1 a 6 <br /> R E C O M E N D A T I O N S <br /> GOAL:reduce business cost,influence business decisions,advance social and environmental welfare,and connect with well-established best practices in economic development. <br /> Support in shared priorities for the good of the community. <br /> Chapel Hill and Orange County Incentive Policy-Worksheet <br /> I TARGETED AREAS <br /> Jobs Tax Base Creation Retention Start-uo General Business Grants SHARED PRIORITIES <br /> Goal: To foster the creation of To assist in growing the To retain the companies that To help prevent the loss of To foster specific activities Affordable Housing GreenspacelTrails <br /> jobs. commercial tax base. locate here by offering to small companies to to promote business activity. <br /> assist in meeting their adjacent and surrounding <br /> needs. counties. <br /> INCENTIVE TYPES <br /> STATE <br /> JDIG(150+employees) Yes Yes <br /> One NC Fund(Job creation,local <br /> match required) Yes Yes Yes <br /> Other-NC DOT,CDBG and other <br /> for significant jobs and tax base <br /> creation,by special approval. Yes Yes-Potential Yes-Potential <br /> LOCAL <br /> If but for... <br /> Syn-TIF-Grants for tax base/job <br /> creation(Would be based on a <br /> per-job and investment grant.) Yes Yes <br /> gi Gen.Fund-Grants for job creation Shared cost where Shared cent where <br /> .1 only(Similar to above but for job Yes appropriate. appropriate. <br /> only.) <br /> Loans and Entrepreneur Grants <br /> (This could be similar to the <br /> existing County grant program.) Yes Yes <br /> GF funded <br /> County Art Grant($500$1500) <br /> Yes-Non-profit Yes-Non-profit <br /> Town-Small Art Bus.Loan <br /> (Loans of up to$30,000 at LIBOR <br /> for art related investment) Yes Yes <br /> Municipal service and GF funding <br /> OC Loan Program(As existing,up <br /> to$100,000)ED Tax Yes Yes Yes <br /> . OC Small Business Investment <br /> Grant Program(as existing,up to <br /> $10,000)ED Tax Yes Yes Yes <br /> Pertormace Bawd <br /> Industiral/Business Grant <br /> (performance based)(Jobs and tax Yes Yes Yes <br /> base.)GF funded <br /> Agriculture Business Investment <br /> Grant(as existing,up to$10,000) Yes Yes <br /> Measurement: Job Creation Tax Base growth Tenure of companies bawd Small company growth in the Overall business activity as <br /> here. market targeted with the grant <br /> Syn TIF-Performance based Yes I Yes <br />
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