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Stimulus Package Designed to Boost Orange County (Fla.) Economy
An economic diversification package recently approved by officials in Orange County, Florida, is intended to offset some of the post-September 11 difficulties experienced by the local economy.
More than $1 million for the Orange County Economic Stimulus Package was approved in late January by the Board of County Commissioners. The initiative provides funding for five measures, including:
- $100,000 per year for three years ($300,000) for the University of Central Florida Business Incubator to assist in creating and expanding businesses in Central Florida.
- $50,000 for the Economic Development Commission of Mid-Florida for a digital media initiative to help merge the strength of the area's tourism industry with high-paying, high-tech jobs. And,
- $100,000 per year for three years ($300,000) to support the creation of Academies of Information Technology at all Orange County public high schools.
The funding approved for the stimulus package represents about four one-hundredths of 1 percent of Orange County's $2.9 billion budget, according to the Orlando Sentinel. Orange County spends more than $4 million a year on economic development, the newspaper recently reported.
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