Orange County NC Website
2 <br /> 1 Impacts on the criminal justice system <br /> 2 Economic diversification and quality of life <br /> 3 <br /> 4 2. What activities are included in the category of economic development? How should <br /> 5 those activities be prioritized? <br /> 6 • Arts <br /> 7 • Commercial and Industrial Recruiting <br /> 8 • Small Business Development <br /> 9 • Agricultural Development <br /> 10 • Tourism <br /> 11 <br /> 12 3. How much money is the County currently investing in economic development? <br /> 13 Specifically, how are Article 46 funds being allocated? What is the return on investment <br /> 14 for those activities? <br /> 15 <br /> 16 4. What is the current land use framework in which economic development may occur? <br /> 17 <br /> 18 5. What is the tax base profile and how has it changed over time? How has recent <br /> 19 economic activity changed the tax base? <br /> 20 <br /> 21 6. What is happening in the Economic Development Districts that may impact future <br /> 22 economic development strategy? <br /> 23 • Status of water and sewer extensions <br /> 24 • Encroaching residential development <br /> 25 • Practical considerations of expanding utilities in the Eno Economic Development <br /> 26 District <br /> 27 <br /> 28 7. What are the potential next steps for discussion and implementation? <br /> 29 • Using objective criteria identify the most marketable sites within the current areas <br /> 30 designated for economic development. <br /> 31 • Reduce development risk by preparing a site for development <br /> 32 o Identify willing sellers <br /> 33 o Conduct due diligence <br /> 34 o Gain property control for price certainty <br /> 35 o Extend utilities and other infrastructure <br /> 36 Pre-zone property in the areas designated for economic development that are <br /> 37 within the County's zoning jurisdiction <br /> 38 Reexamine the boundaries of areas designated for economic development <br /> 39 Investigate the potential for research and development sites in cooperation with <br /> 40 area universities <br /> 41 • Reexamine the uses of Article 46 sales tax revenue <br /> 42 • Review permitting and regulatory procedures with respect to barriers to efficient <br /> 43 processing <br /> 44 <br /> 45 Travis Myren said there is a copy of the PowerPoint presentation, a revised handout for <br /> 46 the Article 46 sales tax, and a booklet of the loan and grant recipients from 2017-18 at the <br /> 47 Commissioners' places. He made the following PowerPoint presentation: <br /> 48 <br /> 49 Economic Development Work Session <br /> 50 Board of Orange County Commissioners <br />