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Orange County's Use of Article 46 Funding to Collaborate wig <br /> Towns on Joint Economic Development Projects <br /> Town of Chapel Hill <br /> • LAUNCH incubator: 50/50 cost sharing to co-fund the facility's lease payments (2012 to present.) <br /> County & Town of Chapel Hill each pay $73,500.00 per year. <br /> • Marketing campaign via WCHL1360 AM radio to promote Town & County-wide tourism (2013). <br /> • Co-funding of the "Urbana" consultant's property tax & urban density study for the Town, <br /> supported in partnership with the Chapel Hill/Carrboro Chamber of Commerce (2014). <br /> • LAUNCH incubator: 50/50 cost sharing to co-host 2 business networking events (2014 & 2015). <br /> • Business networking & speaker series conference events held at Carolina Inn, supported in <br /> partnership with the Town and assisted by Chapel Hill Magazine (2016 & 2017). <br /> • Joint recruitment & incentive commitment by the County & Town for Wegmans Food Markets' new <br /> 99,000 sq. ft. retail store (2016); the upcoming 5-year payment of the County's & Town's joint <br /> financial incentives to Wegmans, to be split 50/50, will not begin until approx. 2022. <br /> • Cumulative value of Article 46 funds used by the County since 2012 to approve small business <br /> grants & small business loans provided to Chapel Hill-based firms, including LAUNCH incubator <br /> tenants. ($737,189.00) <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />