Orange County NC Website
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20 <br />23 <br />❑ Create Living Wage Jobs for existing residents <br />❑ Preseive Uniqueness & Culture of Orange County <br />❑ Economic Development outcomes should be a major consideration for infrastructure <br />investments <br />❑ Better coordination with other County Departments and Utility Systems (i.e. Planning, Utilities, <br />etc.) <br />The Big Picture <br />❑ Economic Development Partnership of NC and North Carolina is moving up the business <br />rankings <br />❑ Need to align your sites &infrastructure with the market <br />❑ It takes time and resource (financial and political) to commit to a longterm Economic <br />Development Strategy <br />❑ Orange County appears to be at the intersection of Commerce andTrade with 1 -40 and 1 -85 <br />merger <br />❑ We're bullish on the future of Orange County <br />❑ Now is the time to align your resources and commit to make your own future" <br />❑ Economic Development is getting increasingly competitive <br />Site Selection Magazine <br />Site Selectors' Top Location Criteria <br />1 Existing Workforce Skills Strong <br />2 State and local tax scheme Marginal to Competitor Localities <br />3 Transportation Infrastructure Strong <br />4 Utility Infrastructure Lacking / Needs Improvement <br />5 Land / Building prices & supply Marginal / High <br />6 Ease of permitting & regulatory procedures Marginal <br />7 Flexibility of Incentive Programs Neutral <br />8 Right -to -work State Strong <br />9 Availability of incentives Neutral <br />10 Access to higher education resources Strong <br />How fast are prospects moving? <br />$4.93 billion investment & over 14,000 jobs <br />2014 — Boeing announced $1.1 billion & 2,000 add7 jobs <br />Orange County — Unique Assets & Opportunities <br />m Two Interstates: -185 and 1 -40 Merge <br />m UNC Chapel Hill & Durham Technical Community College <br />E1[--1 Adjacent to Research Triangle Park <br />E1[--1 RDU and GS International Airports <br />m On the cusp of RTP and Piedmont Triad <br />mDiverse Culture &Millennial Coolness'Factor <br />m Rural Character with Urban Access / AmenitiesActs as a "Gateway" for Northeast US <br />(via 1 -85) and Eastern NC (via 1 -40) to Western NC and Southeastern US <br />Orange County — Southeastern US <br />Access to markets via 1 -40, 1 -85 & 1 -95 <br />• Map <br />