Item:
Title
Discussion of the Updated Business Recruitment & Expansion Policy (45min)
Body
Date of BOCC Meeting: October 7, 2024
Request for Board Action:
Agenda Text
The Board is requested to receive a presentation on an update to Durham County’s Business Recruitment & Expansion Policy and provide direction to staff.
The policy was most recently updated in 2020. Since that time, the Business Recruitment & Expansion Program has been successful, supporting $2.9 billion in projected investment, 6,000 jobs, new and growing industries, and numerous community partnerships. At the 2023 National Association of Counties (NACo) conference, the program won a national achievement award in economic development.
At the September Work Session, staff presented recommended topics and principles to guide the policy update and collected feedback from the Board.
At the October Work Session, staff will present the draft policy update to the Board and solicit their input, comments, and guidance on the proposed changes. Staff anticipates at this time bringing the final version back to the Board for a vote at the October 14, 2024 Regular Session.
Alignment with Strategic Plan: This item aligns with Regional Leadership 1b.
Resource Persons: Matthew Filter, Economic Development Manager; Andrew Miracle, Economic Development Director; Maurice Jones, Deputy County Manager External Affairs
County Manager’s Recommendation: The Board is requested to receive a presentation on an update to Durham County’s Business Recruitment & Expansion Policy and provide direction to staff.