Agenda - 10-03-2022; 8-a - Minutes

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36 Collaborative Outreach 1.5% $15,000 - $20,000 • Marketing and prospect recruitment, including trade shows targeted to specific business clusters • Collaborative development projects with municipal partners • Industry Appreciation events allowing Orange County industries the opportunity to network with other businesses and local and state officials • Development of a Local "Economic Health" Summit, providing a regular update of the County's Economic Development programs and provide an assessment of the County's economic health Collateral Materials 1.5% $20,000 • Creation of materials inventory to support marketing efforts, both in cooperation with our municipal partners and stand-alone materials • Update Orange County Economic Development's online presence Innovation Space 1 5-10% 1 $75,000 - $125,000 • Foster the local growth of university-affiliated entrepreneurs • Support transition from university to private sector, such as providing lease subsidies • Work with municipal and/or university partners to identify specific areas of targeted assistance Agriculture Economic 2-20% $25,000 - $250,000 Development • Provide limited capital support to PFAP for processing equipment that can add value to Orange County farm products • Provide support to local farmers to strengthen their product marketing and promotion • Continue to develop support network for new farmers • Provide assistance for food entrepreneurs that have graduated from PFAP Business Investment Grant 8% 1 $100,000 • Facilitate marketing Orange County to prospective businesses • Client support for site preparation, relocation assistance, or site investigations • Competitive pursuit of targeted projects Small Business Loan 0-16% Up to $200,000 for the first Program few years • Start-up capital and expansion funds for Orange County small businesses • Collaborate with local economic development partners (municipalities, chambers of commerce) to extend the program's reach Establishment of 501c (4) 12-16% Up to $200,000 for several entity years • Explore the feasibility of creating public-private stand-alone economic develop entity 1 2 On November 16, 2011 the Orange County Board of Elections certified to the Board of County 3 Commissioners that, in said advisory referendum held on November 8, 2011, 10,749 ballots 4 (60.68%) were cast FOR and 6,965 ballots (39.32%) AGAINST the levy of the additional one- 5 quarter cent (1/4¢) County Sales and Use tax in the County. 6 7 On December 5, 2011 the Orange County Board of Commissioners adopted a Resolution to 8 approve uses of Article 46 revenue to fund economic development and public school capital 9 needs for an initial ten years (Attachment 3).