Econ Dev Advisory Board minutes 031919

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• Orange County (building owner) provides the building rent free ($26,000) • Orange County Business Investment Grant Program - provided 2 grants • Bottling line will be added soon • Rate structure o $120 processing fee o $25/hour per day o $50/month — storage • Beau Bennett (Beau's Catering) provided an insight of his use of PFPC Advisory Board Vision - Jim Kitchen, Chair Kitchen stated that it has never been clearer that the BOCC needs to hear from the Advisory Board; to make a strong strategic plan recommendation of some sort and to include a plan for Article 46 monies and suggestion of what land needs to be targeted in the EDDs. Kitchen suggested a meeting in the fall dedicated to formulating a strategic plan with a knowledgeable moderator that can guide the conversation. Old Business SWOT Analysis (sites, EDD's and CITAN's evaluations) update -Amanda Garner Goal is to review the Timmons report and rate the sites (as well as sites outside study) based on sewer, water, strength and weaknesses. Orange County Small Business Loan programs update - Yvonne Scarlett To date, the Loan program has awarded 27 loans totaling $1,151,520. There are 12 current loans totally$506,000; 3 were approved in late 2018 and 1 approved in 2019. Director's Report - Steve Brantley • Project update o Local millwork business to relocate to Orange County. o Retail prospect in Efland (200 potential jobs) o Developer interested in building a 100,000 sf shell building in Hillsborough o Grocery store chain has shown interest in Daniel Boone o Large medical supply manufacturer and distributor has shown interest in Orange County ($80-90M investment and 500 jobs) and has invited Brantley to visit their headquarters in Chicago o Inquires - 55% looking for existing buildings (if we had an inventory, that would increase activity) Meeting was adjourned at 1:30 p.m. by Chair.