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Inc. Agreement <br /> <br />Revised 11/19 <br /> <br />(919) 968-6894 <br />https://chapelhill.score.org/ <br />Chapelhillinfo@scorevolunteer.org <br /> <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.UJQjZW0L.dpuf <br /> <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 /> <br /> 1789 Venture Lab (by application) <br />173 ½ East Franklin Street, Chapel Hill, NC 27514 <br />http://1789venturelab.com/ <br />1789management@gmail.com <br /> <br /> A mentor approved by the Subcommittee <br /> <br /> <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 /> <br /> <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 /> <br /> <br />COMPLIANCE WITH APPLICABLE REGULATIONS <br />In all cases, grants made from this program must be consistent and in accordance with the following: <br /> <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 />DocuSign Envelope ID: 4DDF9FEE-7CFA-4E9D-A0E1-BB0FBB3AC4F3