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Agenda - 09-06-2022; 6-b - Acknowledgement and Reaffirmation of Uses for the Proceeds from the Article 46 Sales Tax
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Agenda - 09-06-2022; 6-b - Acknowledgement and Reaffirmation of Uses for the Proceeds from the Article 46 Sales Tax
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9/1/2022 3:44:06 PM
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BOCC
Date
9/6/2022
Meeting Type
Business
Document Type
Agenda
Agenda Item
6-b
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Agenda for September 6, 2022 BOCC Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 09-06-2022 Business Meeting
Minutes 09-06-2022 Business Meeting
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\Board of County Commissioners\Minutes - Approved\2020's\2022
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4 <br /> Examples include: Economic Development Summit, Chambers of Commerce Dues, <br /> UPROAR Art Festival, Collaborative Outreach with Municipalities, Durham Technical <br /> Community College's Small Business Program, Research Triangle Regional <br /> Partnership Dues <br /> Entrepreneurship $325,500 <br /> Examples Include: Launch Inc. Innovation Center, Eno Mill Arts Incubator, Piedmont <br /> Food Processing Center <br /> Agriculture Economic <br /> Development <br /> $195,340 <br /> Examples Include: Agriculture Summit, Breeze Farm Contribution, Farm App, Partial <br /> Funding of Agriculture Economic Developer Position, Agriculture Grant Program <br /> Business Financial <br /> $825,000 <br /> Programs !" <br /> ro rams <br /> Examples Include: Business Investment Grants, Company Incentives <br /> Economic Development <br /> Operations $502,894 <br /> Examples Include: Economic Development Department Budget, County Indirect <br /> Costs <br /> Workforce Development $250,000 <br /> Examples Include: Durham Tech Promise (Scholarships), Durham Tech Back-to- <br /> Work Initiative <br /> Estimated Annual Expenditures are based on the FY 2022-23 Budget and available Economic <br /> Development Article 46 reserves. Actual expenditures will vary year-over-year based on Sales <br /> and Use Tax collections and Board of County Commissioners' approved budgets. <br /> EconomicAdopted Uses of Development <br /> 7 for FY i <br /> Debt Service on Infrastructure $881,720 <br /> Innovation Center— "Launch Chapel Hill" $73,500 <br /> Agricultural Grants $100,000 <br /> Business Investment Grants $150,000 <br /> Agriculture Summit $5,000 <br /> Economic Development Summit $30,000 <br /> Durham Tech Promise (Scholarships) $200,000 <br /> Durham Tech Back-to-Work Initiative $50,000 <br /> Breeze Farm Contribution $10,000 <br /> Arts Incubator $10,000 <br /> Farm Application $3,600 <br /> Economic Development Department Budget for FY 22-23 $355,502 <br />
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