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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />51 <br />22 <br />Commissioner Dorosin said that the message should not be depressing, about scarcity. We <br />should emphasize some of the positive things we are doing around affordable housing, <br />around FSA, around the things the bond is allowing us to do at Chapel Hill High and for <br />housing. We are careful and responsible stewards of the public's monies, and from that <br />stewardship we are accomplishing great things for our residents. Ms. Hammersley added <br />that this is a manageable situation. It is not "slash and burn;" it will help us to be even more <br />creative at finding better ways together to meet our residents' needs. Commissioner Dorosin <br />added that the long term picture looks especially good. <br />1:45 Stretch Break <br />2:00 Economic Development Districts <br />After a short break, Jim Kitchen, Chair of the County's Economic Development Advisory Board, <br />introduced Joe Hines and Blake Hall of the Timmons Group. Timmons Group presented on the <br />Economic Development Site - Related SWOT Analysis that they had conducted (PPT): <br />SWOT ANALYSIS <br />Overview <br />❑ Why is Economic Development <br />Important to the County <br />❑ Background Review <br />❑ Study Findings <br />❑ Study Recommendations <br />❑ Wrap -up discussion <br />Why do you need Economic Development? <br />❑ Creates Living Wage" Jobs & Opportunity for ALL your citizens (blue collar and white collar <br />jobs) <br />❑ Local tax revenue from Real Estate and Machinery & Tools <br />❑ State tax revenue from Employee Wages & State Income Tax <br />❑ Helps build resourcesfor your locality and state <br />❑ Creates wealth within your community <br />❑ Social Justice- allows you to build schools, pay for healthcare and other social programs as <br />well as help set up training programs for your citizens <br />Where Orange County stands today.... <br />❑Lacking "Ready to Go" Sites and Buildings <br />❑ Not as much developable property as we thought once you place constraints on the <br />properties & remove inhabited properties <br />❑ Ever increasing competitive market with shorter and shorter timelines for decisions tobe <br />made (i.e. Need diverse "Ready to Go" Product) <br />❑ Properties are overpriced compared to adjacent localities (Alamance) <br />❑ Lacking water & sewer capacity (gallons per day) in districts <br />❑ Missing out on opportunities for Prospects due to lack of Sites and Buildings as well as <br />inadequate water & sewer capacities <br />Desired Outcomes of Study <br />❑ More balanced " Residential vs. Non - Residential Split of Tax Revenues <br />❑ Try to accomplish 70/30 Split Countywide <br />