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13 <br /> • Within the Economic Development portion of Article 46 funds ($1,825,976.00 estimated <br /> for the FY 2018-2019 budget), approx. 50% - 60% of annual proceeds have historically <br /> funded long-term debt obligations for the cost to install water& sewer lines in the <br /> County's various Economic Development districts. To date, 2 major utility projects to <br /> install needed infrastructure in the Efland, Buckhorn Road & Mebane areas have been <br /> completed. <br /> • The County's successful recruitment of the Morinaga factory was made possible by <br /> the completion of this initial utility work. Current business prospect activity is <br /> expanding and focusing on new sites that have more recently gained utility line <br /> infrastructure. <br /> • Of the remaining 50% of Economic Development's available Article 46 funds each year, <br /> a variety of successful programs are underway to support the growth, expansion & <br /> retention of existing small businesses, promote new business recruitment, <br /> entrepreneurial incubator support, and local agriculture & food processing. <br /> • These programs, to include the award winning LAUNCH incubator, the County's small <br /> business loan and grant programs, the agriculture/food processing grant program, and <br /> related collaborative business networking events held with the Towns, directly benefit <br /> the local economies of Carrboro, Hillsborough & Chapel Hill by supporting their many <br /> small businesses. <br /> • Special events & new programs that enhance the County's & Towns' economy and <br /> livability are also funded by the remaining half of Article 46 funds, to include the annual <br /> Orange County Agriculture Summit, the new LocalFest event, a reintroduction of the <br /> annual Orange County Economic Summit, and, innovative support for the "Orange <br /> Connect" scholarship program for Orange County's students attending the Hillsborough <br /> campus of Durham Technical Community College. <br /> • In conclusion, the intent of the various economic development programs funded by <br /> Article 46 is to benefit all Orange County residents by supporting a thriving local <br /> economy. <br /> Article 46 Sales Tax: Orange County's Resources for Economic Development Funding <br /> for FY 20187-19 (chart) <br /> Article 46 Sales Tax: Budgeted Allocations for Economic Development Protects in <br /> Orange County in FY 2018-19 (pie chart) <br /> Article 46 Sales Tax: Budgeted Allocations for Economic Development Projects in <br /> Orange County in FY 2018-19 (chart) <br /> Article 46 Sales Tax: Total Economic Development Expenditures (2012 to present) <br /> Article 46 Sales Tax Projections (graph) <br /> Orange County's Use of Article 46 Funding to Collaborate with Towns on Joint Economic <br /> Development Projects: Town of Chapel Hill <br /> • LAUNCH incubator: 50/50 cost sharing to co-fund the facility's lease payments (2012 to <br /> present.) 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 <br /> (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 />