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DocuSign Envelope ID:270F2AF9-3EF6-4A31-B7D1-6B9D3EO83AC1 <br /> County staff may be utilized to service grants, including receiving applications, notifying applicants of <br /> the Subcommittee's decision, making payment to recipients, and generating administrative reports. <br /> DEADLINES <br /> • Tuesday, June 30, 2015 by 5:00 pm <br /> • Wednesday, September 30, 2015 by 5:00 pm <br /> • Thursday, December 31, 2015 by 5:00 pm <br /> FUNDING <br /> The County will provide funding for the Grant Program through revenues generated from the Orange <br /> County quarter cent sales tax. <br /> COMMITMENT PERIOD <br /> The County will support the Program until funding is exhausted; demand for the Program no longer <br /> exists, or until it is no longer financially feasible. <br /> ELIGIBILITY <br /> • Applicant's business must be located in Orange County in areas zoned appropriately for their <br /> use. <br /> • Applicants must be business entities whose gross revenues do not exceed $1 million per year. <br /> On a case-by-case basis, Grant requests from businesses with revenues exceeding $1 million <br /> may be considered by the Subcommittee. <br /> • Applicants and their businesses must not have any past due tax, fee, or fine in Orange County. <br /> CONDITIONS OF RECEIVING A GRANT <br /> • Applicant must fill out a grant application. <br /> • Applicant may be asked to appear before the Subcommittee for an interview to detail how grant <br /> funds will be used, and answer any questions about their business or application. <br /> • Each venture receiving a grant must provide an accounting of how all funds were used and key <br /> milestones reached by the venture within 180 days of the receipt of the grant. <br /> • As a condition of receiving grant funds, Small Grant recipients must commit to the following <br /> mentoring period: <br /> Amount of Request <br /> o Below$1,000 1 hour session* <br /> o $1,000- $5,000 3 hour session* <br /> o $5,000- $10,000 5 hour session* <br /> *unless waived <br /> with an experienced business coach or mentor at: <br /> ➢ SCORE Chapel Hill (Service Corps of Retired Executives) <br /> 321 W. Rosemary Street, Chapel Hill, NC 27516 <br /> (919) 968-6894 <br /> https://chapelhill.score.org/ <br /> Chapelhillinfo(a)scorevolunteer.org <br /> ➢ SBTDC (Small Business & Technology Development Center) <br /> UNC Chapel Hill, 1700 Martin Luther King Jr Blvd <br /> Suite 115/CB# 1823, Chapel Hill, NC 27514 <br /> (919) 962-0389 http://www.sbtdc.org/offices/unc/#sthash.UJQ'ZWOL.dpuf <br /> OCEDbiga July 2015 <br />