|Volume 5, Issue 10
The Real Estate Report
Local Government News Impacting the Real Estate Industry
Sales Tax Would Support Community, Economic Development
The proposed quarter-cent sales tax increase could generate about a million dollars a year for economic development in the county. If passed, the sales tax referendum would grow the commercial tax base while reducing the need for future property tax increases. It would also help make the community a better place to live by upgrading schools, libraries, and emergency response services.
On Saturday, October 30, 2010 from 9:30 to 11:30 am, realtors are invited to join the Chamber of Commerce and Orange County Justice United at the parking lot of United Church of Chapel Hill for our Souls to the Polls rally. We will all walk to the Seymour Senior Center to vote.
Orange County Unemployment Down Slightly
While unemployment in the Triangle remains at 8 percent, Orange County unemployment dipped from 6.5 to 6.4 percent, according to the NC Employment Securities Commission. See the full article by 1360 WCHL for more information. Meanwhile the state unemployment rate also declined. See the release by the state for more information.
Carolina North Adjusts to Economic Climate
Carrboro Aldermen Approve Smith Level Road Changes
Chapel Hill Council Postpones Tree Ordinance Decision
Chapel Hill Police Chief to Retire
UNC Chancellor Thorp to Address Innovation
Chapel Hill a Top Arts Destination
Chapel Hill-Carrboro City Schools Boast High Graduation Rate
Hillsborough Entrepreneurial Kitchen Soon Under Construction
The Piedmont Food and Agricultural Processing Center will rent its commercial kitchen space to area farmers and food processors. The community project is set to open in March. For more information, see the full article by 1360 WCHL.
RTI International partners with Triangle Universities
State and Nation
President Signs Small Business Jobs and Credit Act
In Washington, DC, Congress passed the Small Business Jobs and Credit Act of 2010. The law increases the maximum size of 7(a) and other loans available to small businesses through the federal government. The Orange County Economic Development Commission recommended initiatives for Orange County Commissioners that would encourage local small business growth. For a description of the loans and tax benefits available to small businesses, see the column by Jeremy Todd Browner in the Herald-Sun.
Governor Plans to Streamline Bureaucracy