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38 <br /> Examples Include: Agriculture Summit, Breeze Farm Contribution, Farm App, Partial Funding <br /> of Agriculture Economic Developer Position, Agriculture Grant Program <br /> Business Financial $825,000 <br /> Programs <br /> Examples Include: Business Investment Grants, Company Incentives <br /> Economic Development <br /> Operations $502,894 <br /> Examples Include: Economic Development Department Budget, County Indirect Costs <br /> Workforce Development $250,000 <br /> Examples Include: Durham Tech Promise (Scholarships), Durham Tech Back-to-Work <br /> 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 /> DevelopmentAdopted Uses of Economic <br /> for FY 2022-23 Amount'llIIIIIIIIIIIII <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 /> Indirect Costs associated with Economic Development $147,392 <br /> Department, as per County's Cost Allocation Plan <br /> County's 75% share of Agricultural Economic Development <br /> Position — now in Cooperative Extension Department $76,740 <br /> Chamber Dues $7,646 <br /> Total $2,101,100 <br />