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Agenda - 05-19-20; 7-a - Final Report of Emergency Small Business Fund Program
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Agenda - 05-19-20; 7-a - Final Report of Emergency Small Business Fund Program
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5/14/2020 8:35:26 PM
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BOCC
Date
5/19/2020
Meeting Type
Business
Document Type
Agenda
Agenda Item
7-a
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Agenda 05-19-20 Virtual Business Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 05-19-20 Virtual Business Meeting
Minutes 05-19-2020 Virtual Business Meeting
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\Board of County Commissioners\Minutes - Approved\2020's\2020
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2 <br /> Orange County NC (19). This resulted in 244 County-wide small business applications as <br /> follows: <br /> Location of Total Number Grant Loan Total Loan & <br /> Applicants Within of Applicants Requests Requests Grant Requests <br /> Orange County <br /> Carrboro 44 $226,000 $573,500 $799,500 <br /> Chapel Hill 123 $588,800 $1,516,000 $2,104,800 <br /> Hillsborough 62 $315,750 $909,910.82 $1,225,660.82 <br /> Durham 2 $10,000 $20,000 $30,000 <br /> Mebane 8 $40,000 $125,000 $165,000 <br /> Rougemont 3 $15,000 $30,000 $45,000 <br /> Cedar Grove 1 $5,000 $10,000 $15,000 <br /> Hurdle Mills 1 $10,000 $20,000 $30,000 <br /> Totals 244 $1,210,550 $3,204,410.82 $4,414,960.82 <br /> Orange County Economic Development staff completed reviews to check the business <br /> registration status with the North Carolina Secretary of State and/or Orange County Register of <br /> Deeds, and checked each applicant's current Real and Personal property tax payment status <br /> with Orange County Tax Office to verify eligibility. A total of 168 of the 244 applicants returned <br /> the requested information. <br /> The following tables represents demographic information for women, minority and co-owned <br /> women businesses. <br /> Breakdown of 244 Applications <br /> Percentages of Women and Minority-Owned Business Owners <br /> Women Owned <br /> 90 out of 244 Applicants 37% <br /> Minority Owned <br /> 34 out of 244 Applicants 14% <br /> Co-owned by Women <br /> 44 out of 244 Applicants 18% <br /> Breakdown of 27 Finalists <br /> % of Women and Minority-Owned Business Owners <br /> Women Owned <br /> 13 out of 27 Finalists 48% <br /> Minority Owned <br /> 3 out of 27 Finalists 11% <br /> Co-owned by Women <br /> 4 out of 27 Finalists F 15% <br />
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