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59 <br /> Article 46: Historic Overview <br /> • Within the Economic Development portion of Article 46 funds <br /> ($1 ,825,976.00 estimated for the FY 2018-2019 budget), approx. <br /> 50% - 60% of annual proceeds have historically funded long-term <br /> debt obligations for the cost to install water & sewer lines in the <br /> County's various Economic Development districts. To date, 2 major <br /> utility projects to install needed infrastructure in the Efland, Buckhorn <br /> Road & Mebane areas have been completed. <br /> • The County's successful recruitment of the Morinaga factory <br /> was made possible by the completion of this initial utility work. <br /> Current business prospect activity is expanding and focusing on <br /> new sites that have more recently gained utility line infrastructure. <br /> • Of the remaining 50% of Economic Development's available Article <br /> 46 funds each year, a variety of successful programs are underway <br /> to support the growth, expansion & retention of existing small <br /> businesses, promote new business recruitment, entrepreneurial <br /> incubator support, and local agriculture & food processing. <br /> uKANGE COUNTY <br /> NORTH CAROLINA <br />