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36 <br /> v Pl <br /> lr Small Business Investment Grant <br /> Article 46 annual funding: $100,000 or 8% of total <br /> Summary of Grant Awards to date: <br /> • Grant program was approved by the BOCC in March 2015. <br /> • Subcommittee comprised of Orange County Economic Development <br /> advisory board members meet quarterly to review grant applications. <br /> • 8 initial grants totaling $61,712.00 were recently awarded in the <br /> program's first round of application reviews during the 2nd Q 2015. <br /> • 5 applications were deferred until the second review period <br /> • 34 new and/or deferred grant applications requesting a total of <br /> $243,541.67 in grant awards have been submitted for the second <br /> subcommittee review meeting on Oct. 20, 2015. <br />