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2020-592-E Economic Dev-NC Strategies, LLC-Business Investment Grant
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2020-592-E Economic Dev-NC Strategies, LLC-Business Investment Grant
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Last modified
7/7/2021 9:08:20 AM
Creation date
7/7/2021 9:08:11 AM
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Contract
Date
8/6/2020
Contract Starting Date
8/6/2020
Contract Ending Date
8/7/2020
Contract Document Type
Contract
Amount
$5,000.00
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Revised 11/19 <br /> <br /> Ventures that implement planning and economic development policies which create a balanced, <br />dynamic local economy that promotes diversity, sustainable growth, and enh anced revenue while <br />embracing community values will also be given priority. <br /> <br />AMOUNT OF GRANTS <br />Small Grant - Minimum Up to $1,500.00 <br />Grant applications for $1,500.00 or less will have a separate and simplified application. <br /> <br />Large Grant – Maximum Up to $10,000.00 <br />Grant applications for $1,500.01 or more will require additional financial information and documentation <br />of how grant proceeds will be used. Should market conditions change, or in the event of an applicant <br />with extraordinary conditions, a grant amount exceeding the maximum may be considered by the <br />Subcommittee. All grants are subject to availability of funds. <br /> <br /> <br />Grant Application Guidelines <br /> <br />Small Grant Application Requirements <br />($1,500.00 or less; 2 - 3 pages) <br /> <br />Large Grant Application Requirements <br />($1,500.01 - $10,000.00; 8 - 15 pages) <br /> <br />Business Information: Business Information: <br />● 1. Business Name/DBA ● 1. Business Name/DBA <br /> 2. Street Address/Mailing Address 2. Street Address/Mailing Address <br /> 3. Date Established 3. Date Established <br /> 4. Number of Employees 4. Number of Employees <br />● 5. Business phone number ● 5. Business phone number <br />● 6. E-mail address ● 6. E-mail address <br />● 7. Tax ID/ Employment Identification Number ● 7. Tax ID/ Employment Identification Number <br />● ● 8. Primary bank <br /> 9. Accounting firm <br /> 10. Attorney <br /> <br />Business Financial Information: Business Financial Information: <br />● 8. Annual Sales for the past 3 years (if applicable) 11 . Annual Sales for the past 3 years (if applicable) <br />● 9. Business Financial Statements (for 3 years, if <br />● applicable) <br /> 12. Business Financial Statements (for 3 years, if <br />● applicable) <br />10. Current Business Checking Account Balance 13. Current Business Checking Account Balance <br />● 11 . Balance In Other Accounts ● 14. Balance In Other Accounts <br />12. Existing Business Debts 15. Existing Business Debts <br />13. 250-500 Word Description Of Business <br /> (When & where it was started, market, target <br /> customer, future plans, etc.) <br /> <br /> Description of Business Operations: <br /> 16. Detailed Written Business Plan (5-10 pages) or <br />PowerPoint Pitch Deck <br /> <br />Grant Use Details Grant Use Details <br />14. Amount of Grant Requested & Detailed Use of <br />How Funds Will Be Used (2-3 pages) <br />17. Amount of Grant Requested & Detailed Use of <br />How Funds Will Be Used (2-3 pages) <br /> <br /> <br />SUGGESTED SMALL GRANT GUIDELINES <br />Use of Funds - Priority will be given to ventures demonstrating a clear need for grant funds to grow their <br />business, hire additional staff, grow the commercial tax base, and/or create a significant social and <br />DocuSign Envelope ID: 8592DA5B-2890-40B4-8733-774C051AA638
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