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4 <br /> 1 Economic Development Investments (chart) <br /> 2 <br /> 3 Chair Dorosin asked which infrastructure has the debt on it. <br /> 4 Travis Myren said mostly in the Buckhorn Economic Development District (EDD). <br /> 5 Commissioner Rich said Mebane is at 17%, and asked if this is also part of the <br /> 6 infrastructure in the Buckhorn EDD. <br /> 7 Travis Myren said no, all of the infrastructure will show up in the red portion of the pie <br /> 8 chart (53%), and the Mebane-specific portion is grants and/or loans going to businesses <br /> 9 primarily located in Mebane, Efland, etc. <br /> 10 Commissioner Rich said it seems strange that Mebane is the smallest portion, yet it <br /> 11 receives more than other municipalities. <br /> 12 Commissioner McKee asked if this 14% includes agriculture grants. <br /> 13 Travis Myren said yes. <br /> 14 Commissioner Rich said that makes more sense. <br /> 15 Commissioner Jacobs clarified that this is not within the City of Mebane <br /> 16 Travis Myren said it would be within Mebane, but also includes the incentives for <br /> 17 Morinaga. <br /> 18 Commissioner Rich said that makes even more sense. She said she wanted to make <br /> 19 sure that funds are being spent in the Orange County portion of Mebane. <br /> 20 Commissioner Jacobs said when this sales tax began, it seemed logical to build in the <br /> 21 EDDs as all of the municipalities would get a cut of the pie. He said he is unsure if this was <br /> 22 equitable or not, and would be curious to know if the reverse is true: if County funds are spent <br /> 23 in the municipalities, is the same percentage returned as when funds are spent in the County? <br /> 24 Travis Myren said he would have to research this question. He said he imagines that <br /> 25 analysis would work both ways. <br /> 26 Commissioner Jacobs said he wonders if it is a mirror image, or if it is different because <br /> 27 it is going through the municipality versus the County. <br /> 28 Travis Myren said if there were tax base growth anywhere in the County, it would drive <br /> 29 down the countywide tax rate. He said in that sense tax base is tax base. <br /> 30 Commissioner McKee said they were talking about sales tax increases that the County <br /> 31 distributes out to the municipalities. <br /> 32 Commissioner Jacobs said he wants to know how this works coming back to the <br /> 33 County. <br /> 34 Chair Dorosin said it all goes to the State, and then it comes to the County and is <br /> 35 distributed. He said every municipality benefits when any municipality does better. <br /> 36 Commissioner Jacobs said a past County Manager wanted to change the formula to <br /> 37 freak out the municipalities, and when considering how to spend the infrastructure money, it <br /> 38 would be interesting to see if there is a dollar-for-dollar return. <br /> 39 Travis Myren said the County has a choice as to whether to use a per capita distribution <br /> 40 or an ad valorem distribution, and he is not sure of the implications based on where the tax <br /> 41 revenue is generated; and if there are any. He resumed the presentation: <br /> 42 <br /> 43 Article 46 Sales Tax (chart) <br /> 44 <br /> 45 Article 46 Sales Tax Expenditures To Date (pie chart) <br /> 46 <br /> 47 Article 46 Performance Measures <br /> 48 Measuring Return on Investment <br /> 49 • Small Business Investment Grant Program (From FY15-16— Present) <br /> 50 o 105 Grants Made <br />