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10 <br />Attachment B <br />SUGGESTED SMALL GRANT GUIDELINES <br />1. Use of Funds — Priority will be given to ventures demonstrating a clear need for <br />grant funds to grow their business, hire additional staff, grow the commercial tax <br />base, and /or create a significant social and economic impact in the County. <br />SUGGESTED LARGE GRANT GUIDELINES <br />1. High Potential Founders - Although all applicants will be considered, business <br />owners who exhibit the following characteristics will be given priority: <br />a. Have a thorough understanding of their market <br />b. Have assembled a talented team <br />c. Have a passion for building their venture in Orange County <br />2. High Potential Ventures — Priority will be given to "growth" ventures capable of <br />expanding rapidly, renting office space in Orange County, and hiring Orange <br />County employees. <br />3. Use of Funds — Priority will be given to applicants demonstrating a clear <br />need for grant funds to grow their business, hire additional staff, grow the <br />commercial tax base, or create a significant social impact in the County. <br />PROCEDURES <br />1. Applicants will be referred to the Orange County Economic Development <br />(Department) website, where they will complete and submit their application. <br />2. Applicants will be provided interview dates and times no later than three weeks <br />prior to the Subcommittee's next meeting date. <br />3. County staff will provide completed applications to the Subcommittee for their <br />review no later than two weeks prior to its next scheduled meeting. <br />4. At its scheduled quarterly meeting, the Subcommittee will discuss the strengths <br />and weaknesses of complete grant application(s) and decide whether or not to <br />take action on the request, based on the information provided. <br />5. The Subcommittee shall approve, deny or request additional information from <br />the applicant. They will submit determinations in writing to County staff. <br />6. The applicant will be informed in writing by County staff of the Subcommittee's <br />decision to deny, grant, grant with condition, or seek more information. If the <br />Subcommittee denies a grant request, it shall provide a copy of the score <br />sheet(s) to the applicant. <br />