Orange County NC Website
Browse       Search
6 <br />Attachment B <br />corrective action where needed. <br />4. Evaluate grant application requirements and make appropriate adjustments as <br />needed to accomplish the objectives of the program. <br />5. Conduct annual review of grants and their impact on the County's Business <br />Investment environment. <br />GRANT PROGRAM ADMINISTRATION <br />The Grant Program will be administered by a Subcommittee consisting of members <br />from the Orange County Economic Development Committee. The Subcommittee will <br />meet quarterly to make and facilitate grants. A quorum will consist of 3 voting members <br />of the Subcommittee. County staff may be utilized to service grants, including receiving <br />applications, notifying applicant's of the Subcommittee's decision, making payment to <br />recipients, and generating administrative reports. <br />F1 iNiniNir, <br />The County will provide funding for the Grant Program through revenues generated <br />from the Orange County quarter cent sales tax. <br />COMMITMENT PERIOD <br />The County will support the Program until funding is exhausted; demand for the <br />Program no longer exists, or until it is no longer financially feasible. <br />ELIGIBILITY <br />1. Applicant's business must be located in Orange County in areas zoned <br />appropriately for their use. <br />2. Applicants must be business entities whose gross revenues do not exceed $3 <br />million per year. <br />3. Applicants and their businesses must not have any past due tax, fee, or fine in <br />Orange County. <br />CONDITIONS OF RECEIVING A GRANT <br />1. Applicant must fill out a grant application. <br />2. Applicant must appear before the Subcommittee for an interview to detail how <br />grant funds will be used, and answer any questions about their business or <br />application. <br />3. Each venture receiving a grant must provide an accounting of how all funds were <br />used and key milestones reached by the venture within 180 days of the receipt of <br />