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Revised 1/23 <br /> <br />Use of funds for all grant programs - Priority will be given to applicants demonstrating a clear need for <br />grant funds to grow their business, hire additional staff, grow the commercial tax base, and/or create a <br />significant social and economic impact in the County. <br /> <br />Startup Grant - Minimum Up to $1,500.00 <br />Intended for applicants that have been in operation for 6-months or less and have a connection with <br />business counseling services through organizations such as Launch, Piedmont Food Processing Center, <br />Midway Business Center, Small Business and Technology Development Center (SBTDC), Service Corps <br />of Retired Executives (SCORE), Durham Tech Small Business Center etc. <br /> <br />Small Grant - $1,500.01 to $5,000.00 <br />Grant applications for $1,500.01 to $5,000.00 are intended for applicants that have been operational for <br />at least 6-months. <br /> <br />Large Grant – $5,000,01 - $10,000.00 <br />Grant applications for $5,000.01 or more are intended for applicants that have been operational for at <br />least 1-year and will require additional financial information and a formal business plan. Should market <br />conditions change, or in the event of an applicant with extraordinary conditions, a grant amount <br />exceeding the maximum may be considered by the Subcommittee. All grants are subject to availability of <br />funds. <br /> <br />High Potential Founders - Although all applicants will be considered, business owners who exhibit the <br />following characteristics will be given priority: <br /> <br />a. Have a thorough understanding of their market <br />b. Have assembled a talented paid team of employees <br />c. Have a passion for building their venture in Orange County <br /> <br />High Potential Ventures - Priority will be given to “growth” ventures capable of expanding rapidly, <br />renting office space in Orange County, and hiring Orange County residents. <br /> <br />GRANT APPLICATION GUIDELINES <br /> <br />Startup Grant Application Requirements <br />$1,500.00 or less <br /> <br />Business Information: <br />1. Date Business Opened <br />2. Business Name/DBA <br />3. Legal Business Structure <br />4. Street Address/Mailing Address <br />5. What type of business space <br />6. Business Counseling Organization Connection <br />7. Tax ID/ Employment Identification Number <br />8. Business phone number <br />9. E-mail address <br />10. *Website/Social Media Account <br />11. Business Owner(s) Name <br />12. Business Owner(s) Address <br />13. Business Owner(s) % of Ownership <br />14. Describe prior business experience <br />15. Brief Description of Business (Target Market and Customer Base) <br />16. Number of Employees (Full and Part Time) <br />DocuSign Envelope ID: 4C7ADB63-FFA2-433C-B4C0-86BB3FAC167D