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DocuSign Envelope ID:7B9442 1 B-C9B8-4742-9E62-71 CD89A4754E <br /> economic impact in the County. <br /> SUGGESTED LARGE GRANT GUIDELINES <br /> High Potential Founders-Although all applicants will be considered, business owners who exhibit the <br /> following characteristics will be given priority: <br /> a. Have a thorough understanding of their market <br /> b. Have assembled a talented team <br /> c. Have a passion for building their venture in Orange County <br /> High Potential Ventures- Priority will be given to "growth"ventures capable of expanding rapidly, <br /> renting office space in Orange County, and hiring Orange County employees. <br /> Use of Funds- Priority will be given to applicants demonstrating a clear need for grant funds to grow <br /> their business, hire additional staff, grow the commercial tax base, or create a significant social impact in <br /> the County. <br /> PROCEDURES <br /> 1. Applicants will be referred to the Orange County Economic Development (Department)website <br /> where they will complete and submit their application. Applications (with required documents) <br /> should be submitted via: <br /> • email: edcmail@orangecountync.gov <br /> • mail/deliver: Orange County Economic Development <br /> 131 W. Margaret Lane, Suite 205 <br /> Hillsborough, NC 27278 <br /> 1. If asked to appear before the Subcommittee, applicants will be provided interview dates and <br /> times no later than two weeks prior to the Subcommittee's next meeting date. <br /> 2. County staff will provide completed applications to the Subcommittee for their review no later <br /> than three weeks prior to its next scheduled meeting. <br /> 3. At its scheduled quarterly meeting, the Subcommittee will discuss the strengths and weaknesses <br /> of complete grant application(s) and decide whether or not to take action on the request, based <br /> on the information provided. <br /> 4. The Subcommittee shall approve, deny or request additional information from the applicant. <br /> They will submit determinations in writing to County staff. <br /> 5. The applicant will be informed in writing by County staff of the Subcommittee's decision to deny, <br /> grant, grant with condition, or seek more information. <br /> 6. Should the Subcommittee deny an application; the Subcommittee will not consider any <br /> applications from that applicant for at least six months. Should an applicant think that their <br /> application has been improperly denied, then the applicant may notify, in writing, the <br /> OCEDbiga June 2016 <br />