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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 22, 2004 <br />Action Agenda <br />Item No. <br />SUBJECT: BOCC-Economic Development Commission Joint Dinner Meeting -EDC <br />Strategic Plan <br />DEPARTMENT: Economic Development PUBLIC HEARING: {YIN) Na <br />ATTACHMENT{S): INFORMATION CONTACT: <br />Draft Strategic Plan Dianne Reid, ext. 2326 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: For Economic Development Commission Board, staff, and volunteers to present <br />the draft Economic Development Commission five-year strategic plan, Investing in Innovation, <br />and provide opportunity for Board input. <br />BACKGROUND: At its annual board retreat in October 2002, the Orange County Economic <br />Development Commission (EDC) decided to undertake a new strategic plan to guide the <br />organization's work. The EDC examined existing plans and studies and conducted aweb- <br />based survey on the local economy; these efforts formed background information far an <br />Economic Development Summit, held January 7, 2004. Summit participants identified four key <br />areas and formed work groups around each area. The attached draft summarizes the overall <br />strategy and specific strategies developed <br />Business Climate <br />Infrastructure <br />VVarkfarce Development <br />by the work groups in the four key areas: <br />Quality of Place <br />Ta date, aver 120 county residents have contributed over 1300 volunteer hours to help craft <br />this strategic vision for economic development in Orange County. The Economic Development <br />Commission approved the draft at its October 14, 2004 meeting. <br />FINANCIAL IMPACT: The purpose of the joint meeting is to elicit questions and comments <br />from the Board of County Commissioners so there is no financial impact at this time. <br />RECOMMENDATION(S): The Manager recommends that the Board review the draft plan and <br />discuss any questions or concerns. <br />