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50 <br /> Opportunity Zone <br /> • Opportunity Zone building (137 East Franklin) is under rehabilitation and will be high quality office space totaling <br /> over 100,000SF. <br /> • UNC considering an innovation center that might encompass Launch and 1789. <br /> • Other projects (downtown) in early consideration stage to take advantage of the idea behind the creation of an <br /> Opportunity Fund. <br /> 0 <br /> launch <br /> CHAPELHILL <br /> • Finalizing 2020 Spring Cohort <br /> • Now a 501(c)3 non-profit <br /> 2020 Statistics <br /> l� <br /> • 113 cohort companies, 92 active <br /> • Funding raised by those companies: $35.8M <br /> • Employees: 559 as of 2018 <br /> • Volunteers: 55 as of 2018 <br /> Economic Development <br /> • Completing a Barriers to Business survey jointly with The Chamber and Downtown Partnership <br /> • Considering a semi-annual E-Co (Entrepreneur Company) gathering for networking and learning for the <br /> community. <br /> • Sponsor of Avison Young Forecast 2020 on February 5, 2020 <br /> • Continuing Brownfield remediation for the Chapel Hill Police Station <br /> • Initiated a Market Study for North Chapel Hill and now moving toward a master plan to help guide development <br /> on two parcel totaling 50+/-acres. <br /> • WRAL partnership to generate 12 stories about Chapel Hill and market to the region. <br />