Economic vitality

 
 
140 West Public Private Partnership

140 West Public Private Partnership

Initiatives

The Town’s Economic Development Office has supported several key economic initiatives over the first 10+ years of its existence. Examples include Launch Chapel Hill, and the Carolina Square and 140 West downtown redevelopment projects. The Economic Development Office was also instrumental in creating the Small Art Business Loan Program to help fund the FRANK arts collective.

Staff: Economic Development Office

 
Launch Co-working Space

Launch Co-working Space

Launch chapel hill

Launch, a startup and business accelerator, was formed as a partnership between the Center for Entrepreneurial Studies at UNC’s Kenan-Flagler Business School, the Town of Chapel Hill, Orange County and the Chapel Hill Downtown Partnership. Since opening in 2013, Launch has created more than 1,100 jobs, served more than 75 companies, and raised more than $12 million by its own companies. Today, 60% of the companies started at Launch are still operating in Orange County.

Staff: Economic Development Office

 
Town Flag

Town Flag

Fiscal responsibility

For more than a decade, the Town of Chapel Hill has maintained a AAA Bond Rating from both Moody’s Investor Services and Standard and Poor’s for General Obligation (G.O.) bonds. The Town’s bond ratings are a reflection of fiscal health. When the Town issues G.O. bonds or other securities, rating agencies reevaluate the Town’s current and future ability to repay debt. The evaluating agencies examine the Town’s management, reserves, current debt obligations, community growth and stability of key revenue sources. Because of a solid employment base in and around the Town of Chapel Hill and the Town’s careful management of resources, the Town has maintained especially high bond ratings for a municipality of its size.

Staff: Business Management