Agenda - 02-22-1993 - C-2-a, 3-a, 4

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71 Economic Development Plan The physical land use planning activity cannot be separated from economic considerations. In determining the appropriate pattern of land use for the County an assumption is implicitly made regarding the type of growth favored and the response of the economy to such growth. Conscious efforts to broaden and diversify the economic base of the area and promote certain forms of economic development should complement physical planning considerations affecting land use patterns, particularly as they impact on the maximization of opportunities for County residents for housing and work, and the protection of the environment. r- ' =ute to reducing potential problems resulting fro - = - - _ _ - - ferag such Galan and policies for the futuro davelopment-ot-the-County, The Orange County Industrial Facilities and Pollution Control Authority was created by the Board of County Commissioners on October 23 , 1978, and formally organized on March 5, 1979, is the b a., r rim r-i 1 y. .. . - • - - = - to work toward the establishment and expansion of manufacturing companies within Orange County. Creation of this Authority made it possible for manufacturing companies to be eligible for Industrial Revenue Bonds. In December 1982, the Orange County Economic Development Commission (EDC) was established and charged with carrying out an economic development program for all portions of the County and its constituent municipalities. The EDC's purpose is to increase economic development through clear, effective strategies and policies which stimulate balanced development at appropriate rates in suitable locations. One of the major accomplishments of the EDC has been the preparation of a Strategic Plan for Orange County's Economic Development. The Plan was adopted on March 8, 1989, including a goal to: ". . .insure the desired quality of life. . .by encouraging economic development through investment in human resources, the expansion of existing businesses, and the creation of diversified and environmentally safe businesses. . .to provide jobs for county residents and to increase the non-residential tax base. . .". As one means of implementing the Plan, a resolution was adopted in October, 1990 by the Planning Board and the Economic Development Commission establishing procedures to address comprehensive planning and economic development matters of mutual interest.