2022-178-E-Economic Dev-Tempo Brew LLC-Business Investment Grant

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DocuSign Envelope ID:2F13EA9D-6D15-4887-A37B-EO42FOC1B8A4 The Subcommittee Chair, elected by the Subcommittee, shall generally monitor the duties of the Grant Program administration; make sure grant proposals are properly prepared prior to their presentations at the Subcommittee meetings; and oversee the preparation of commitment letters to approved grantees, with the assistance of County staff if needed. Grant commitment letters will be signed by the Chair and/or by County staff. The Subcommittee will have the following responsibilities: • Find creative ways to grant funds to stimulate successful Business Investment development and job creation. • Review grant applications quarterly and, determine which applications meet eligibility requirements and whether an eligible application will be approved, approved with conditions, submitted to the applicant for more information, or denied funding. • Periodically review status of existing grants to determine if funds are being used in the manner in which they were intended, and recommend appropriate corrective action where needed. • Evaluate grant application requirements and make appropriate adjustments as needed to accomplish the objectives of the program. • Conduct annual review of grants and their impact on the County's Business Investment environment. • Provide explanation of why grant was not approved, if requested. GRANT PROGRAM ADMINISTRATION The Grant Program will be administered by a Subcommittee consisting of five members from the Orange County Economic Development Advisory Board. The Subcommittee will meet quarterly to make and facilitate grants. A quorum will consist of 3 voting members of the Subcommittee.As outlined in the Orange County Advisory Board Ethics Guidelines, a member shall disclose any potential conflict of interest and request to be excused from voting when there is a conflict of interest. County staff may be utilized to service grants, including receiving applications, notifying applicants of the Subcommittee's decision, making payment to recipients, and generating administrative reports. DEADLINES (of each year by 5:00 pm) • March 31 • June 30 • September 30 • December 31 FUNDING The County will provide funding for the Grant Program through revenues generated from the Orange County quarter cent sales tax. COMMITMENT PERIOD The County will support the Program until funding is exhausted; demand for the Program no longer exists, or until it is no longer financially feasible. ELIGIBILITY • Applicant's business must be located in Orange County in areas zoned appropriately for their use. • Applicant's business must be in operation, generating sales/revenue, for at last 6-months prior to the application deadline. • Applicants and their businesses must not have any past due tax, fee, or fine applicable to Orange County. • Applicant must be current with any existing Orange County Small Business Loan, CROP Loan or Emergency Small Business Loan Payments. • Applicant must wait at least 6-months from previous award before reapplying if they have received funding under the small grant category, or one year if they have received funding under the large grant category. Revised 4/22