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25 <br /> 1 ➢ 5— 7 total subcommittee members from the Orange County Economic <br /> 2 Development Department's Advisory Board. <br /> 3 Meets quarterly; next meeting date is October 20, 2015. <br /> 4 <br /> 5 Latest Activity (dated 10/5/15) <br /> 6 New Proposed Business Grants (scheduled for second quarterly review ending September 30, <br /> 7 2015) <br /> 8 • 5 deferred applications — Chapel Hill $37,188.00 <br /> 9 • 29 new applicants: <br /> 10 ➢ 1 — Cedar Grove applicant $10,000.00 <br /> 11 ➢ 1 — Carrboro applicant <br /> 12 ➢ 17 —Chapel Hill applicants $140,541.67 <br /> 13 ➢ 1 — Efland applicant $10,000.00 <br /> 14 ➢ 9— Hillsborough applicants $73,000.00 <br /> 15 <br /> 16 (3) Small Business Loan Program <br /> 17 • Article 46 includes a provision to provide up to $200,000.00 annually in additional <br /> 18 lending flexibility to Orange County's existing Small Business Loan Program. <br /> 19 • The Program's current loan portfolio is supported by a separate source of revolving <br /> 20 funds previously authorized by the BOCC, and no Article 46 monies have been required, <br /> 21 to date, to supplement the Program. <br /> 22 • There are no loan delinquencies in the Program's activity. <br /> 23 <br /> 24 Small Loan Business Recipients <br /> 25 Mystery Brewing Company— Hillsborough <br /> 26 Seal the Season — Hillsborough <br /> 27 MasterPeace Barbershop— Hillsborough <br /> 28 Accidental Baker— Hillsborough <br /> 29 PHD - Hillsborough <br /> 30 Ceremony Salon — Carrboro <br /> 31 Tin Can Ventures — Cedar Grove <br /> 32 Grey Matter/Isis I.T. — Chapel Hill <br /> 33 The Depot— Hillsborough <br /> 34 <br /> 35 Composition of Small Business Loan Application Review Committee <br /> 36 8 total members, currently comprised as follows: <br /> 37 ➢ 2 representatives from the Orange County banking community (Jim Evans — <br /> 38 Bank of North Carolina, Joanna Walton — BB&T) <br /> 39 ➢ 2 representatives from small business owners in Orange County (Tom Proctor— <br /> 40 Vacuum Cleaner Hospital; Sherry Gray—Yesterday and Today Frame Shop) <br /> 41 ➢ 1 representative from the Orange County Board of Commissioners <br /> 42 (Commissioner Mark Dorosin) <br /> 43 ➢ 2 representatives from Orange County Government (Acting Chief Financial <br /> 44 Officer Paul Laughton, and Orange County Economic Development Department <br /> 45 Director Steve Brantley) <br /> 46 ➢ 1 representative from the Orange County Economic Development Advisory <br /> 47 Board (Lori Eichel — Bank of North Carolina) <br /> 48 <br /> 49 Small Business Loan Program <br /> 50 • Loan committee meets the third Thursday of every month <br />