Agenda - 10-06-2015 - 8a - Laserfiche WebLink

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2 active in 2011 following a transfer of additional funds to lend. Historic loans have been made up to $50,000.00 for a maximum of 5 years repayment terms. A current summary of activities is presented below regarding the Small Business Investment Grant program, the Agriculture Economic Development Grant program, and the Small Business Loan program. (1) ORANGE COUNTY AGRICULTURE ECONOMIC DEVELOPMENT GRANT PROGRAM Agriculture Economic Development Grants: (summary dated 9/21/15) • 7 initial agriculture grants totaling $57,987.00 were recently approved in the program's first quarterly round of applicant reviews. • 1 application was denied. • Grant program is funded by up to $60,000.00 annually from Article 46 proceeds (one-quarter cent sales tax for economic development). • Program became active after being approved by the BOCC in March 2015. • $120,276.26 is available for future business grants. Approved Grants — 7 (initial quarterly review): • Taylor Fish Farm (Valee Taylor— fish processing) • BoxCarr Farm (Austin Genke — fencing for milk goats) • ColorFields Farm (Kelly Morrison — greenhouses) • Four Leaf Farm (Tim McCaller— greenhouses) • Smith Family Farm (Dawn Denson —well for irrigation) • Dawn Breaker Farms (Ben Grimes — small on-farm poultry processing equipment) • Sweet Retreat Orchards (Aniko Redmon — irrigation system) New Proposed Agriculture Grants (scheduled for second quarterly review): • 2 new completed applications have been received. • 6 additional applications are being completed by applicants. • $60,000 in total awards is forecast for the upcoming second quarterly review of new applications. • Initial marketing round included radio and newspaper ads; most recent marketing effort had 800 post cards mailed out during the week of September 7t"; several phone calls and e-mail inquiries have been received and indicate several more applications will occur. Agriculture Economic Development Grant Application Review Committee: • 5 total members, currently comprised as follows: ➢ 2 representatives from the Agriculture Preservation Board appointed by the BOCC - Vaughn Compton & Noah Ranells.