Orange County NC Website
Browse       Search
Chapter 2: The Plan <br />Worker focused Strategies: <br />`\ Wot ildforeeli)(Dev6lgp:ment;(GoA1: "Effective systems will be in place to train and support residents and those <br />who work in ,Orange, County. 'At least 75 percent of new jobs in the county — for both new and expanding <br />businesses — will be filled by county residents. <br />((QU&Htyof11,,lace( God l <br />„Orange-County will have thriving partnerships ensuring that the county is a great place to live and work, <br />attracting and retaining the creative community of innovators, artists and civic leaders that will drive the desired <br />economy. <br />-The redevelopment of the US 70% Cornelius Street Corridor is entirely consistent with the business - focused <br />strategies outlined above. 'The Corridor has water and sewer. services available, is primarily zoned for <br />commercial activity, and is currently underdeveloped. - Promoting new and expanded businesses in the corridor, <br />utilizing a facilitated approval process, will help the -Town and County achieve its employment and commercial <br />tax base goals. <br />Economic developers focus on three approaches to business development: encouraging entrepreneurship, <br />helping existing businesses expand, and facilitating the relocation of new businesses to a specific area. The <br />EDC will pursue all three approaches and assist the redevelopment effort by: <br />«® "Marketing the corridor to interested developers <br />�® ".Marketing the corridor to existing businesses, including current tenants in the, Daniel Boone complex <br />who may have to relocate as that complex is redeveloped <br />�® Identifying potential grant funding sources for project components, including possibly a retail and <br />service business incubator <br />me Working with the Town to promote desired transportation improvements <br />® ".Making its resources (for example, the Orange County Small Business'' Loan:'Program revolving loan <br />fund) available to businesses. in the corridor <br />® Working with task force members and other interested citizens to explore the creation of a community <br />development corporation to participate in the redevelopment of the Corridor <br />Assisting individuals interested in starting businesses in obtaining, the training and technical assistance <br />required to thoroughly assess their business idea and prepare business plans <br />29 <br />US 70/ Cornelius Street Corridor Strategic Plan 2007 <br />