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ECONOMIC DEVELOPMENT GRANT PROGRAM CABARRUS COUNTY, NORTH CAROLINA EFFECTIVE OCTOBER 20, 2008 MODIFIED SEPTEMBER 21, 2009 Section 1. STATEMENT The following is the Economic Development Grant Program ( "Program ") for Cabarrus County, North Carolina. The Program applies to all applications for economic development grants received after the effective date of the Program. Section 2. PURPOSE A. The Cabarrus County Board of Commissioners ( "BOC ") has a vision of Cabarrus as a county in which our children learn, our citizens participate, our dreams matter, our families and neighbors thrive, and our community prospers. The BOC established the following five broad goals in an effort to achieve and maintain its vision: 1. Preserve and enhance quality of life by addressing growth with sound public policies that sustain resources, provide high quality services, and fund infrastructure needs. 2. Achieve community -wide preparedness to protect public safety, respond to routine and catastrophic events, and maintain and restore the well -being of all residents 3. Use resources wisely and responsibly by protecting assets, minimizing risk, creating partnerships and using technology to maximize the value of county investments, expenditures and services. 4. A fully engaged community with a shared understanding of its issues and challenges and working together to achieve its goals. 5. Ensure that all citizens have equal opportunity and access to education, health care, and economic prosperity and encourage citizens to fulfill their potential and contribute to their community. The achievement of these goals, and the health, safety, education and prosperity of the people of Cabarrus County ( "County ") is directly related to the vitality, diversity and success of its businesses and industries, as well as to the condition of the county's environment and natural resources. Under certain circumstances and conditions, it may be in the interests of the County and its citizens that the BOC utilize the powers granted to it by the General Assembly in Chapters 153A and 158 of the North Carolina General Statutes to stimulate development and growth of business and industry in the County. Thus, the purpose of the Program is to provide the stimulus for the development, growth and expansion of business and industry within the County. This stimulus is the award of a Program Grant ( "Grant ") as provided in this Program. e� Attachment number 4 G -1 Page 111