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Revised 4/22 <br /> <br />PROCEDURES <br /> <br />Applicants will be referred to the Orange County Economic Development (Department) website <br />where they will complete and submit their application. Applications (with required documents) must <br />be submitted via Submittable. <br /> <br />1. If asked to appear before the Subcommittee, applicants will be provided interview dates and <br />times no later than two weeks prior to the Subcommittee’s next meeting date. <br /> <br />2. County staff will provide completed applications to the Subcommittee for their review no later <br />than three weeks prior to its next scheduled meeting. The Subcommittee will complete their <br />review of the applications in Submittable at least two business days prior to the scheduled grant <br />review meeting. <br /> <br />3. At its scheduled quarterly meeting, the Subcommittee will discuss the strengths and weaknesses <br />of complete grant application(s) and decide whether or not to take action on the request, based <br />on the information provided. <br /> <br />4. The Subcommittee shall take action that may include funding the request at the full amount, <br />partially funding the request, deferring the request to the next grant cycle while requesting <br />additional information, or denying the request. They will comment on the applications via <br />Submittable. <br /> <br />5. The applicant will be informed in writing by County staff of the Subcommittee’s decision to deny, <br />grant, grant with condition, or seek more information. If the Subcommittee denies a grant <br />request, it shall provide an explanation to the applicant. <br /> <br />6. Should the Subcommittee deny an application; the Subcommittee will not consider any <br />applications from that applicant for at least six months. Should an applicant think that their <br />application has been improperly denied, then the applicant may notify, in writing, the <br />Subcommittee. The notice to the Subcommittee shall state why the applicant thinks the grant <br />should be approved. The application shall then be given further consideration by the <br />Subcommittee and its decision is final. <br /> <br />7. At its discretion, the Subcommittee may impose any additional terms to a grant request. The <br />Subcommittee may require an itemized budget detailing the proposed use of grant funds. <br /> <br />8. Applicants agree to utilize grant funds for their intended use. Each venture receiving a grant <br />must provide an accounting of how all funds were used, or will be used, and key milestones <br />reached by the venture within 180 days of the receipt of the grant. This accounting will include a <br />request for proof of expenditures made including copies of receipts and/or photos of the equipment or <br />facility upgrades made. If grant funds are used towards employee costs, a copy of the business’ NC <br />Employment Security Commission reports or IRS 941 Payroll quarterly reports shall be provided to <br />DocuSign Envelope ID: BE818B6C-210C-4734-A2D5-00D4F46A4085