A RESOLUTION TO SUPPORT THE ORANGE COUNTY ECONOMIC DEVELOPMENT COMMISSION’S FIVE-YEAR STRATEGIC PLAN: INVESTING IN INNOVATION (2005-11-21/R-15)

WHEREAS, the Orange County Economic Development Commission Strategic Plan seeks to create 5,000 new private sector jobs and add $125,000,000 in new commercial property by June 2010, and

WHEREAS, the Strategic Plan outlines specific and attainable goals in four work group areas: Business Climate, Infrastructure, Work Force Development, and Quality of Life, and

WHEREAS, the Strategic Plan was developed via 28 work group meetings and over 1400 volunteer hours, and

WHEREAS, the support is being sought for the Strategic Plan through presentations to local governments, civic organizations, and business organizations, and

WHEREAS, the Economic Development Commission Chair and Director presented the Strategic Plan to the Chapel Hill Town Council at its June 15^th meeting and received comments and suggestions,

NOW, THEREFORE, BE IT RESOLVED that the Chapel Hill Town Council hereby endorses the Economic Development Commission Strategic Plan as presented, and joins the Orange County Board of Commissioners, the Carrboro Board of Aldermen, and the Hillsborough Town Board in support of the Strategic Plan goals and objectives.

This the 21^st day of November, 2005.