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SANFORD <br />AREA GROWTH ALLIANCE <br />%0),Af Economic Development .Chamber of Commerce <br />Visitor smkes Well Centered <br />March 27, 2017 <br />Mr. John Crumpton <br />County Manager <br />County of Lee <br />P.O. Box 1968 <br />Sanford, NC 27331 <br />Re: 2017- 2018 Proposed Budget <br />Dear Mr. Crumpton, <br />Thank you for the opportunity to present the attached Proposed Budget Request for allocation of funding <br />from Lee County for 2017-2018. <br />This year, we are requesting an increase in the funding for the Sanford Area Growth Alliance in the <br />amount of $80,000. This would provide a total annual contribution of $270,000. <br />Detail on a 5 -year plan was provided to the County Commissioners during their planning session. As <br />discussed in the presentation, the increase in funding will assist in three major areas: <br />Retention Manager — salary and related expenses <br />National Marketing Firm — contracting with firm to develop and begin implementing a national <br />marketing plan focused on economic development for Sanford — Lee County <br />Key Economic Development Signature Events — hosting key leaders in the industry such as <br />EDPNC, Site Selectors, etc. <br />We appreciate the support we have received from Lee County over the last several years. We look <br />forward to continuing the joint vision we all share in growing Lee County. <br />Please don't hesitate to contact me if you have any questions regarding the proposed budget. <br />Sincerely, <br />Joy Thrash <br />CEO <br />Sanford Area Growth Alliance <br />PO Box 519 1 Sanford, NC 1 27331 <br />www.GrowSanfordNC.com <br />(919) 77;-7341 or (919" 774-84,',9 <br />