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DocuSign Envelope ID: 6974MA9- 72FA -4C28- 6031 -1 FF261 DB7E69 <br />(919) 968 -6894 <br />https:/ /chape]hiI1.score.org/ <br />Chapel hiIIinfo 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.UJQOZWOL.dpuf <br />➢ Launch Chapel Hill (by application) <br />321 W Rosemary St, Chapel Hill, NC 27516 <br />(919) 240 -7765 <br />http : / /www.launchchapelhill.com / <br />info @launchchapelhill.com <br />➢ 1789 Venture Lab (by application) <br />173'/2 East Franklin Street, Chapel Hill, NC 27514 <br />http: / /1789venturelab.com/ <br />1789management(aD_gmail.com <br />➢ A mentor approved by the Subcommittee <br />ELIGIBLE USES OF GRANT PROCEEDS <br />• Startup funding. <br />• Working capital or operational funds to be used for a specific purpose. <br />• Purchase of equipment, or machinery. <br />• Expansion of business services or products. <br />• Work force expansion. <br />• Tenant up -fit or leasehold improvements. <br />GRANT PROCEEDS SHALL NOT BE USED FOR THE FOLLOWING <br />• Paying off or down existing bank debt or investor loans <br />• Purchase of equipment or improvement of real estate, which are used or to be used for <br />personal use <br />• Political activities <br />• Owner salary <br />• Speculative ventures (Examples: drilling for gas or oil, commodity futures). <br />• Lending or investment <br />• Real property held for sale or investment <br />• Pyramid sales - distribution plan businesses <br />• Foreign controlled businesses <br />• Private membership clubs <br />COMPLIANCE WITH APPLICABLE REGULATIONS <br />In all cases, grants made from this program must be consistent and in accordance with the following: <br />• All state and local regulations governing the applicant's business. <br />• Terms and conditions established by the Subcommittee for each particular applicant. <br />• Policies established by the Board of County Commissioners dealing with the Grant Program. <br />OCEDbiga June 2016 <br />