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HomeMy WebLinkAboutAgenda - 02-11-2011 - BBUILDING UPON PAST EFFORTS — CREATING A FUTURE FOCUS A County -wide task force developed a Five Year Strategic Plan (2005 -2010) after a collaborative involvement of residents. The Plan was endorsed by the County Commission, the Carrboro Board of Aldermen, the Chapel Hill Town Board, the Hillsborough Town Board, the Hillsborough/Orange County Chamber of Commerce and the Chapel Hill/Carrboro Chamber of Commerce. Staff changes within county government, a national economic decline and funding constraints have delayed or deferred efforts to pursue the goals the Plan established. The commitments and observations still have relevance and are worth pursuit: Improved Local Business Climate 1. Develop clear criteria defining desirable businesses — including agricultural options 2. Identify barriers 3. Provide outreach, recognition and expedited service to new and expanding local businesses to meet development criteria 4. Form partnerships to create a stronger business climate and market changes to existing and potential employers 5. Focus public education efforts on sustainability, social, economic and environmental contribution of businesses Infrastructure Investment to Increase Commercial Tax Base by Retaining and Attracting Targeted Businesses 1. Extend water and sewer to the economic development zones 2. Facilitate the establishment adequate high speed information networks 3. Support Carolina North 4. Provide constructive input into the UDO 5. Encourage compact higher density development in areas with water and sewer 6. Encourage mixed use development 7. Promote public transportation. 8. Support Schools APFO Work Force Development 1. Work closely with Durham Tech, LTNC, local school systems and others to provide training options for adults seeking employment. 2. Link desired business market segments with training programs. 3. Promote a living wage and benefits philosophy within economic development programs. 4. Consider the importance of workforce needs such as transportation, childcare, eldercare, healthcare and affordable housing. 5. Support lifelong learning and retraining opportunities. 21 Quality of Place 1. Increase the commercial tax base and support the revitalization of downtowns in Carrboro, Chapel Hill and Hillsborough. 2. Support rural agriculture and encourage local markets along with conservation of natural resources. 3. Preserve and promote historic structures and resources. 4. Provide life long learning options. 5. Promote inclusiveness and diversity. 6. Promote `hipness' by focusing on the uniqueness of each municipality and the County as a whole. Summary: The goals established of creating 5,000 new private sector jobs and adding $125,000,000 in new commercial property to County tax roles by 2010 were not fully achieved. HOWEVER and more importantly, the basic parameters and goals as outlined above still have relevance and appear a sound basis for moving forward. The allocation of resources and establishment of priorities (every priority can not be number one) remains to be addressed in a comprehensive manner. Failure of the local option % cent sales and use tax last November was a set back. The County (County Commissioners) must address how revenues and staff resources will be allocated as we pursue outcomes associated with these efforts. Economic development is NOT a quick fix effort. Today is the foundation for the future. Building utility and communication infrastructure for future business ventures; investing in appropriate workforce training opportunities; establishing an "open- for - business" image; and seeing a return on those investments is a forever process. Elements beyond the County's control (general economic conditions, shifts in business trends, changing business markets, etc.) will influence the timing and intervals of success. If we remain committed, short -term hurdles will not impede long -term outcomes. 22 Building on Past Efforts — Creating a Future Focus Excerpts from Notes from November 2009 Discussion Defining the terms of the ED goal: Implement planning and economic development policies which create a balanced, dynamic local economy, and which promote diversity, sustainable growth and enhanced revenue while embracing community values. "balanced" • Employment opportunities for every level of education /experience /skill • Local availability of most goods and services • Mix of locally owned and non -local businesses "dynamic" • Jobs that evolve, keep up with technology and cultural changes • Open to change • Progressive • Provide opportunities for start-up businesses • Modifying regulatory environment and moving with the times • Thriving, marked by continuous and productive activity "diversity" • Diversity of jobs for different skill levels * *[this goal may be in conflict with the goal of creating more high - paying jobs] ** • Ensure that all residents have an equal chance to benefit from ED, including access and training for high - quality, high - paying jobs • National and local- economy jobs. Large and small employers • Geographical diversity: jobs dispersed around county • Diversity in type of industry: light industrial, retail, etc. "sustainable growth" • Protect the environment, promote social justice and equity, and ensure sound fiscal management, while facilitating economic development • Low - polluting industries, low water usage • Greenness • Use what you've got, focus on assets • Affordability: pay attention to tax burden 23 "enhanced revenue" • Expanding revenue sources: go beyond residential property tax • Change ratio of residential to commercial tax base • Cost of services vs. benefit of bringing in more residents. How will retail attract workers? • Being able to provide jobs and housing to handle inevitable population growth • Promote ED that produces more revenue for county than it received previously, after factoring in the costs of providing capital funding and county services "community values" • Education: life -long learning, education at all levels • Social equity: heterogeneous, inclusive, sharing benefits of prosperity, lower poverty rate, higher affordability • High quality of life • Progressive on environmental issues, protection of natural environment • Focus on attracting businesses we do want instead of keeping out businesses we don't want (removing regulations that are a hurdle) • Regulation: flexibility vs. certainty? • Clarity of standards (regarding regulation) • Promotion of well -being of all county residents Jonathan Morgan's presentation: Economic Development in OC Three main approaches to ED: • Recruiting new businesses • Supporting and retaining existing businesses • Growing new businesses Supplementary strategies: Creativity and Talent Strategies and Place- Making Strategies • Orange County is already doing this well. (Arts and culture, social capital, quality -of- life amenities, attracting residents, downtown development, etc.) • Partnerships are important ways to stay strong in these areas. Themes that emerged from the discussion: 1. Provide INFRASTRUCTURE: • Orange County is already a very attractive place for businesses and residents. But we lack the capacity to accommodate all the businesses that might be interested in locating here. Big need for more space for these 24 businesses, need to improve the infrastructure for them. • Existing businesses also need physical infrastructure: office space, wet -lab space. Improving infrastructure will help us retain /support those businesses. • The great shoe -store analogy of 2009: Our county is like a shoe - store. It's not just about attracting the businesses into the county (into the shoe - store), we also have to be able to accommodate them when they get here (we have to have the shoes they want in the right size!) 2. Streamline the PERMITTING PROCESS: • Think of how to bring in businesses we do want, rather than using regulations to keep out businesses /industries we don't want. • Use advocates to aid businesses to understand the systems and requirements. 3. Adopt TARGETED STRATEGIES: • We need to know what kinds of businesses we want to attract /retain /grow. We need to know what size shoes those businesses need. Then we can shape our efforts strategically around that. Need to focus and be proactive, not just take whatever scraps come along. 4. Focus on RETAINING EXISTING BUSINESSES: • Existing businesses are a big resource; let's not throw all our money and time into recruiting new businesses when we have businesses right here already. • Underscore the value Orange County places on home -grown business. • Be responsive to local businesses' needs by tracking needs and providing supportive infrastructure, space, etc. • Partnerships can help us retain and support businesses —need to work with the universities and with other city /county governments. 5. Build on the STRENGTHS and ASSETS Orange County already has: • Attitude: the Board is talking about ED in a new way: focusing on what they want rather than what they don't want. • Location — proximity to highways, universities, UNC healthcare system, etc. • Highly educated population • We're already doing "place- making" strategies well: lots of cultural assets • Agriculture • High quality of life here that is attractive to residents and businesses • County has some big parcels of land set aside yet undeveloped • Public education system, universities, community colleges 25 Understanding the role of the board, moving forward Questions that need to be answered: • What other partners do we need to engage for economic development? (talks are underway at the ED -staff level) • What is the next step for water and sewer w/ Mebane and Durham to EDD? (Board is ready to invest money —what needs to happen next ?) • Which types of businesses /industries do we want to attract? There's general consensus on the following next steps: • Direct staff to begin working on improving infrastructure. This is a long process. Let's start now. • Find ways to make the regulatory process easier for businesses. Establish an "advocate" who helps guide businesses through the process. • Focus on retaining and supporting existing businesses. Broad agreement that this is an important strategy for Orange County. • Orange County already does a good job with the place- making strategies (amenities, etc.) We need to stay strong in that way, and add in these other strategies at the same time. • Continue to work on defining a more proactive, deliberate strategy: still need to answer the question of: what kinds of businesses do we want to recruit? • Communicate with the public about the Board's ED plan and discussions. Need to create a synopsis for the press. 26 STATUS OF ORANGE COUNTY ECONOMIC DEVELOPMENT EFFORTS 1. Employment of an Interim Director to lead the County's efforts is now in place. Mr. Gary Shope brings considerable North Carolina and regional experience to the County. He will be analyzing our organization providing recommendations designed to build upon our strengths and address needed improvements. 2. The Planning Board and county staff are actively moving the U.D.O project toward adoption and implementation. 3. The Efland sewer system completion is being pursued. It is a $4 million project with $1.4 million in federal grant funding. 4. County staff is negotiating expanded utility options with the cities of Mebane and Durham with the intent to extend utility availability into the County's economic development zones located along Highway 70 and I — 85. 5. Engineering services are under contract for the design of alternative sewer and water system extensions from the system operated by the City of Mebane into the Buckhorn economic development zone. 6. County staff is formalizing recommendations for consideration and adoption by the County Commission for a program providing business development/expansion incentive grants. 7. County staff is refming a proposal for County Commission consideration that would establish an appropriate number of specific utility districts within the County's economic development zones. These districts would provide the basic financial vehicle via a special assessment or property tax to assist in funding utility infrastructure. 8. A need exists to provide high speed intemet services and broadband coverage within many areas of Orange County including the County's economic development zones. County staff is establishing priority locations where cell towers could be placed to expand access to broadband coverage throughout the county especially in areas of potential economic development. The County is seeking partnerships with private sector providers to deliver these services. 9. The County's small business loan program has become an active tool to assist local business expansions and diversification. 10. County staff has initiated and will expand discussions with local landowners and private development groups to facilitate prepared sites and business parks to be marketed within Orange County for new business expansions. 27 11. County staff is working closely with the staff of the County's towns and city to facilitate coordinated approaches to site selection inquiries from site search firms. Active project request responses are being prepared that involve the Towns of Chapel Hill, Hillsborough and City of Mebane. 12. We are working closely with various elements of UNC to develop useful collaborations and expanded relationships to enhance our economic development efforts. We collaborated with the Department of City and Regional Planning to gain graduate student research services and facilitate ongoing assistance including Graduate Interns to assist in specific research projects. The UNC Institute of Government is assisting in organizational analysis and other aspects of improving the County's economic development program. 13. The County is in the process of completing construction of a regional food processing center targeting small entrepreneurs in the food production business. The facility should open late spring or early summer. A facility manager is in the process of being hired. That person will promote and manage the facility which is ultimately to be leased to a yet undetermined non -profit or not- for - profit. 14. County staff is evaluating the potential to establish one or more small business incubators in available vacant county owned buildings. This project is being evaluated for merit and specific proposals will be brought back to County Commissioners once evaluations are complete. 15. The County is working with the Orange County branch of Durham Technical Community College on potential job skill training programs that facilitate closer ties between DTCC and the County. A most recent example is the proposed use of commercial kitchen facilities at County's Senior Centers for a DTCC culinary arts program. Further collaborations are possible. 16. Similarly related efforts are being pursued in various County departments. A primary initiative is to expand partnerships where county resources can be linked to efforts of other agencies, non - profits and private sector groups to enhance local economic development and further diversify employment options for residents. RV State Sales and Use Tax Information Inc. Gross Collections and Taxable Sales FY 2009 - 2010 (July 1- June 30) Classification of Sales: Orange Alamance Durham Chatham 1. Unclassified Sales 21% 28% 45% 2. Food Sales (inc. resturants) 35% 20% 15% 3. General Merchandise 20% 25% 22% 4. Lumber and Bldg Materials 12% 11% 6% 5. Automotive Supplies 0.05% 0.07% 0.04% 6. Apparel 0.04% 0.05% 0.05% 7. Furniture 0.02% 0.03% 0.02% Total Sales $946,263,485 $1,382,375,460 $3,778,439,315 Multiple of Orange Taxable Sales 100% 146% 399% Sales Tax Related Items of Interest Worth Noting: 20% 21% 26% 17% 0.08% 0.01% 0.06% $321,040,737 34% Orange County and its Towns have traditionally been reluctant to host large scale retail projects. Without assuming any specific postion with regards to socio- economic consdierations regarding retail development, it is important to recongnize the impacts of such development. According to corporate financial reports: 1. The average Walmart Super Store generates annual retail sales of $69 Million per year. 2. The average Sams Wholesale Store generates $79 Million per year. 3. The average COSTCO Store generates $135 Million per year. A COSTCO would equate to 14% of current retail sales in Orange County. Large scale retail projects "properly" located within Orange County would have major impact on local sales tax revenues and represent a potential significant economic development opportunity, especially along the Interstate 85 transportation corrider. 1 -28 -11 fwc N CD PROPERTY TAX VALUATIONS IN ORANGE COUNTY — (1- 31 -11) TOTAL REAL PROPERTY VALUES = $14,356,519,468 TOTAL BUSINESS PERSONAL PROPERTY = $369,676,271 TOTAL PUBLIC UTILITIES = $228,934,751 TOTAL MOTOR VEHICLES = $498,806,282 HOMESTEAD EXEMPTIONS AND OTHER EXEMPTIONS = $61,986,016 (Over 1000 residential properties qualify for senior or disabled releases.) TOTAL OF 51,700 TAXABLE PARCELS OUT OF 54,000 TOTAL PARCELS TOTAL REAL PROPERTY VALUATIONS = $14,356,519,468 (100 %) RESIDENTIAL VALUATION = $12,139,498,221(84.6 %) (Includes agricultural lands) COMMERCIAL VALUATION = $2,217,021,247 (15.4 %) • This number includes residential apartment complexes and any residential property used exclusively as investment property for lease or rent (IF) the property owner files accordingly. • Currently, County records indicate the listed valuation of apartment complexes with 40 or more units at $456,703,758 (20% of commercial values) • The NET value of Commercial (NON Residential) is estimated at $1,760,317,489 or approximately 12.2% of Real Property Valuation • This does not account for residential rental complexes of 40 units or less. IN NET TERMS, REAL PROPERTIES WITHIN ORANGE COUNTY ARE ROUGHLY 88% NON COMERCIAL (RESIDENTIAL AND OTHER). NONE OF THIS ANALYSIS CONSIDERS THE TAXABLE VALUE OF ALL OF THE VARIOUS TAX EXEMPT PROPERTIES WITHIN ORANGE COUNTY OTHER THAN THE HOMESTEAD EXEMPTIONS NOTED ABOVE. Transferring these numbers to actual taxes paid equates to direct taxes paid by Non Residential taxpayers (Commercial Interests, excluding Public Utilities) to roughly 13.8% ($18.3 million of a total of $132.6 million). IN REAL TERMS, EXPANSION OF THE NON RESIDENTIAL TAX BASE WOULD HAVE A DIRECT IMPACT ON ORANGE COUNTY RESIDENTS AND TAXPAYERS. (No impact for sales tax generation is included in this analysis.) (fwc 1- 31 -11) . 30 FOCUS POINTS FOR NEAR FUTURE COUNTY EFFORTS (To be adjusted based upon changing variables within our local economy.) 1. Adopt and monitor a business investment and job creation incentive grant program targeted toward desired outcomes and supportive of local values. 2. Maintain an accurate system of measuring economic data used to determine if economic development programs and policies are producing the desired impacts. 3. Implement an economic development corridor along Interstate 85 and Highway 70 seeking those business opportunities that locate near Interstate Highways. Examples: distribution/warehouse operations, commercial/retail operations, corporate office /operational centers, and light manufacturing operations where truck traffic is facilitated by those locations. 4. Move forward with utility related infrastructure needs along the Interstate 85 and Highway 70 corridor. (Water, sewer and communications technology to support targeted business operations.) Pursue establishment of utility districts as a basic method of financing some of the capital costs associated with these needs. 5. Seek professional assistance and partnerships with private developers willing to invest in the development of speculative or build to suit office, commercial and retail facilities along the Interstate 85.and Highway 70 corridor. 6. Support the new food processing center with marketing assistance and encourage it successful transition to non -profit management status. 7. Expand partnerships with UNC for specific economic development research and data management and advisory services that provide support for new industries considering Orange County and existing businesses seeking to expand. 8. Remain open to collaborative relationships and interaction with the Towns and Cities of Orange County. Partner when joint resources can be maximized. 9. Support and expand opportunities for Tourism related development where the County and Towns can work together to increase visitor expenditures. 10. Ensure that the image of the County, its towns and cities is seen as supportive of diverse and quality businesses interests that share common values. 11. Commit funding that remains available to ensure programs, policies and comprehensive economic development are sustainable. 12. Reformulate a new economic development citizen advisory group based upon recommendations brought forth by UNC and charge that group with tasks that support planned activities. (Today's discussion.) 31