Orange County NC Website
Browse       Search
39 <br /> Attachment 3 <br /> PUBLICATION INSTRUCTION: Please publish the following notice in the Special Notice Section of the <br /> Classified Advertisements as early as Monday, September 2, 2024 and by no later than Wednesday, <br /> September 4, 2024. The County Seal should be placed above the announcement. <br /> 179 52 <br /> PUBLIC HEARING <br /> Tuesday, September 17, 2024—7:00 PM <br /> Southern Human Services Center <br /> 2501 Homestead Rd. <br /> Chapel Hill,NC 27516 <br /> NOTICE OF PUBLIC HEARING REGARDING PROPOSED ECONOMIC <br /> DEVELOPMENT INCENTIVE AGREEMENT FOR MORINAGA AMERICA FOODS, <br /> INC. <br /> Notice is hereby given that in accordance with North Carolina General Statute 158-7.1, the Board of <br /> Commissioners of Orange County (the "Board") will hold a public hearing on Tuesday, September <br /> 17, 2024 at 7:00 PM at the Southern Human Services Center, 2501 Homestead Rd., Chapel Hill,NC <br /> 27516. This public hearing concerns Orange County entering into an Economic Development <br /> Incentive Agreement with Morinaga America Foods, Inc. to encourage the business to expand in <br /> Orange County for a new light industrial operation. <br /> The Board will consider the appropriation of County funds for the purpose of entering into an <br /> Economic Development Incentive Performance Agreement with the Company in an amount not to <br /> exceed Two Million Nine Hundred Ten Thousand Eight Hundred Ninety-Eight Dollars <br /> ($2,910,898.00), payable in up to seven (7) annual installments over a seven (7) year period. These <br /> funds will be used to encourage the Company to select Orange County for the proposed manufacturing <br /> expansion, and, assist the Company with expenses, to include site development and facility <br /> construction costs, associated with Morinaga America Foods, Inc. Recruitment of the Morinaga <br /> America Foods, Inc. facility expansion in Orange County will create immediate and long-term public <br /> benefits for the County, to include the creation of 204 new full time equivalent jobs, with health care <br /> and related employment benefits, and new capital investment of$127 million, in the first five (5) <br /> years of operation. <br /> Anyone interested in the Economic Development Incentive Performance Agreement or the nature of <br /> the Morinaga America Foods, Inc. project may appear and be heard at the public hearing. Anyone <br />