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DocuSign Envelope ID:C2566486-5EF8-47D7-AFB7-BA6FOOE22E85 <br /> (919) 968-6894 <br /> https://c h a pe l h i t 1.sco re.o rg/ <br /> Chapel h i I I i nfo(cDscorevol u nteer.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.UJQMZWOL.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(a-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 />