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HomeMy WebLinkAboutItem 3 - Planning for the 2018 Orange County Economic Development Summit ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 3, 2018 Action Agenda Item No. 3 SUBJECT: Planning for the 2018 Orange County Economic Development Summit DEPARTMENT: Economic Development and Community Relations ATTACHMENT(S): INFORMATION CONTACT: Todd McGee, (919) 245-2302 Steve Brantley, (919) 245-2326 PURPOSE: To finalize planning for fall 2018 Economic Development Summit, including: 1) identifying topics for discussion; 2) selecting the date and time of day for the Summit; and 3) confirming the roles of BOCC members during the Summit. BACKGROUND: The Board of County Commissioners appropriated $30,000 in the FY 2017- 18 budget from the Article 46 sales tax to host an Economic Development Summit. At its April 3 meeting, the BOCC approved holding the Summit on a to-be-determined date after the summer break and chose to partner with WCHL to broadcast the Summit live on the radio and Internet. The Board chose to hold the event at the Whitted Building so it could also be broadcast on the County access channel (channel 1301 on Spectrum). The purpose of the Summit is to provide information to residents and existing or potential businesses about the many services and programs provided by Orange County Economic Development. Staff met April 19 with representatives from WCHL and developed the four proposed topics below. These topics were taken from ideas solicited by staff from the Board of Commissioners earlier this year. It is proposed that each topic be discussed by a panel of experts for one hour of the four-hour program. In addition, WCHL will create short (60-second) profiles of individuals or businesses that are Orange County Economic Development “success stories.” These stories will highlight businesses that received assistance from Orange County Economic Development or students who benefitted from an Orange County Scholarship to Durham Technical Community College. 1 Suggested topics: • Creative Economy – The non-profit arts segment generates more than 5,000 jobs and attracts significant tourist spending in the County. The LAUNCH business incubator has helped many small start-ups grow into thriving businesses that create jobs and prosperity for residents. • Recreation Destination – The Orange County/Chapel Hill Visitors Bureau recently completed an assessment of the potential for a multipurpose sports/recreation facility. In addition, Orange County already has existing assets (examples: the Soccer.com complex in Mebane and the Mountains to the Sea Trail) that can be tapped to create more recreation-related tourism revenue for the County. • The Nexus of Local Food System – Orange County is home to many small specialty farms that can attract visitors and create more economic output in the County through more jobs and agritourism. Helping small farms bring their products to market is critical for this industry to grow. The Piedmont Food and Agricultural Processing Center (PFAP) has launched several successful businesses. Economic Development’s small grants and loan programs have also helped many new farmers in Orange County. • Small Business/Industrial Recruitment – In recent years, Orange County Economic Development successfully recruited Morinaga America Foods to a site in Mebane for its first U.S. plant and a Wegman’s Supermarket to Chapel Hill. The department has many initiatives to attract new businesses and industries to the County. Grant and loan programs are available for small businesses looking to expand or entrepreneurs who are looking to start a new business. Durham Technical Community College also plays a critical part in training students for careers in healthcare or advanced manufacturing. It should be noted that, in follow-up to Board’s retreat earlier this year, further discussion on the County’s Economic Development Districts is planned for fall 2018. FINANCIAL IMPACT: The 2017-18 budget included an appropriation of $30,000 in Article 46 sales tax proceeds to host this event. SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to this item: • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY The creation and preservation of infrastructure, policies, programs and funding necessary for residents to provide shelter, food, clothing and medical care for themselves and their dependents. RECOMMENDATION(S): The Manager recommends that the Board: 1) Discuss and approve the topics to be covered on the program; 2) Discuss and approve the staff recommendation to host the summit on Wednesday, October 10, 2018 from 3:00-7:00 p.m. with a reception immediately afterward; and 3) Discuss and approve the roles of BOCC members during the Summit. 2