Recently, the town of Chapel Hill has undertaken projects to encourage more business and boost the local economy.
Chapel Hill has worked to bring more businesses to downtown. The town sold its parking deck on West Franklin Street to allow for a $55 million development project called 140 West. The goal was to revitalize downtown business and the project was completed in 2013.
The town has also approved the development of the properties in formerly-named University Square, located at 123 W. Franklin St. The project will provide 300 residential units along with 580,000 square feet of mixed use space.
November 19, 2014
At its joint meeting with Chapel Hill, Carrboro and Hillsborough officials Wednesday, the Orange County Board of Commissioners stressed the importance of getting businesses and organizations to apply for county funding and discussed creating a 2016 bond referendum for capital projects in schools and other areas in the county.
November 09, 2014
Almost two years after he became a part of Launch Chapel Hill’s first class of business ventures, Jeff Henriod, founder of Let’s Chip In, said he appreciates the resources he received from the program — especially the space that fostered a collaborative environment between participants.