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Agenda Item 1 - Economic Development Districts – Follow-up from Board Retreat
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Agenda Item 1 - Economic Development Districts – Follow-up from Board Retreat
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8/31/2018 3:36:20 PM
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BOCC
Date
9/6/2018
Meeting Type
Work Session
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Agenda
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Incentive <br />$25f <br />Business Investment <br />Grants, $100,000 <br />Agricultural Grant <br />$60,000 <br />Innovation CentE <br />"Launch Chapel H <br />$40,000 <br />Small Business <br />Pool, $100,0( <br />Coll <br />Durham Tech - Orange <br />County Project Connect <br />$20,000 Utility Service <br />Agreement with <br />Mebane, $50,000 <br />1 0 — <br />ORANGE COUNTY <br />ECONOMIC DEVELOPMENT <br />NORTH CAROLINA <br />Sales Tax <br />116 -17 <br />at Service on <br />ucture, $817,477 <br />Economic Development Use of Proceeds <br />Recommended <br />FY 16 -17 <br />Of Total <br />Debt Service on Infrastructure <br />$817,477 <br />54.36% <br />Utility Service Agreement with Mebane <br />$50,000 <br />3.32% <br />Collaborative /Outreach <br />$20,000 <br />1.33% <br />Small Business Loan Pool <br />$100,000 <br />6.65% <br />Innovation Center — "Launch Chapel Hill" <br />$40,000 <br />2.66% <br />Agricultural Grants <br />$60,000 <br />3.99% <br />Business Investment Grants <br />$100,000 <br />6.65% <br />Incentive Payments <br />$258,886 <br />17.21% <br />Agricultural Summit <br />$7,500 <br />0.50% <br />Durham Tech — Orange County Project Connect (Scholarships) <br />$50,000 <br />3.32% <br />Total <br />$1,503,863 <br />100% <br />Allocations for Prior Years' Excess Collections Since Inception ($382,806) <br />Strengths, Weaknesses, Opportunities, and Treats Analysis <br />$75,000 <br />Incentive Payments <br />$307,806 <br />
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