2021-090-E Economic Dev - Beauna Clarke emergency funding grant

Browse Search

DocuSign Envelope ID: 15929797-53D7-4097-BE19-1 BFF4647D791 Exhibit A — Round 3 Emergency Small Business Funding Program Policies and Procedures The purpose of the Orange County Emergency Small Business Funding Program is to assist Orange County-based small businesses that are experiencing financial difficulties such as mandated shutdowns, employee layoffs, and operating losses as a result of ongoing efforts at the Federal, State and local authorities to contain and minimize the spread of the COVID-19 pandemic. Applications for Orange County's Round #3 Emergency Small Business Grant Program will be available beginning at 12:00 p.m. on Monday, January 4, 2021 at the following location on the Orange County Website: http://orangecountVnc.gov/2362/Emergency-Small-Business- Funding-Program. The application and supporting materials must be submitted by 5:00 p.m. on Wednesday, January 20, 2021, for the application to be considered. Businesses that have already received COVID-19 related financial assistance from either the state, federal or local governments are eligible to apply for this round of funding. Examples of these types of programs include Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), Small Business Administration (SBA) Loan, Carrboro Small Business and Non-Profit Emergency Loan/Grant Fund. Program Funding Orange County is providing up to $250,000 in funding to support individual grants of approximately$3,000 per applicant for all finalist applicants to the Round #3 program. Final award amount will be determined based on the total number of eligible applications received. General Terms and Conditions • Open to Orange County, N.C., based for-profit businesses. • Minimum of one-year in operating history, and hold applicable 2019 business privilege licenses. • Ineligible businesses include, but are not limited to, companies involved in real estate investment, multi-level marketing, adult entertainment, or firearms. Companies with outstanding local tax liabilities or tax liens as of February 1, 2021, or currently in bankruptcy (Corporate or Personal) are not eligible. Companies that have a past due balance as of February 1, 2021 with the Orange County Small Business Loan Program are also ineligible. • Profit and Loss statement indicating profitability prior to the Covid-19 coronavirus pandemic Information Required as Attachments • 2019 Tax Return • Profit/Loss Statement from January 1, 2019 through December 31, 2019 Esbfp 070120 v1