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2023-357-E-Economic Dev-159 East Franklin Street Entertainment-Business Investment Grant
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2023-357-E-Economic Dev-159 East Franklin Street Entertainment-Business Investment Grant
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Last modified
8/1/2023 8:21:48 AM
Creation date
8/1/2023 8:21:41 AM
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Contract
Date
7/26/2023
Contract Starting Date
7/26/2023
Contract Ending Date
7/28/2023
Contract Document Type
Contract
Amount
$10,000.00
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Revised 1/23 <br /> <br />• Applicants and their businesses must not have any past due tax, fee, or fine applicable to <br />Orange County. <br />• Applicant must be current with any existing Orange County Small Business Loan, CROP Loan <br />or Emergency Small Business Loan Payments. <br />• Applicant must wait at least 6-months from previous award before reapplying if they have <br />received funding under the startup and small grant categories, or one-year if they have received <br />funding under the large grant category. <br />• Duplication of benefits prohibited. No individual applicant’s business or affiliated owner(s) shall <br />receive in excess of $10,000 from Orange County’s Small Business and Large Business <br />Investment Grant Programs, the Agriculture Grant Program, and any other County grant awards <br />over a two year period. This prohibition includes a situation in which the same owner(s) owns <br />multiple businesses. In such a situation if one or more of the multiple businesses applied for a <br />grant(s) the maximum available to any one or more of such businesses is $10,000. <br />• Applicants who have taken legal action against the County in the past 12-months, or have an <br />active legal case, and who applies for any available C ounty grant program, are ineligible to <br />apply for and receive grant funding through Orange County Government until the settlement or <br />dismissal of such legal action. <br /> <br /> CONDITIONS OF RECEIVING A GRANT <br />• Applicant must fill out a grant application and submit required supporting documents through <br />Submittable. <br />• Applicant may be asked to provide additional information via email or through a short video <br />uploaded to the Submittable platform about how grant funds will be used, and to answer any <br />questions about their business or application. If asked to provide such additional information <br />Applicant shall do so. <br />• Each grant recipient receiving a grant must provide an accounting of how all funds were used and <br />key milestones reached by the venture within 180 days of the receipt of the grant. This accounting <br />will include a request for proof of expenditures made including copies of receipts and/or photos of <br />the equipment or facility upgrades made. If grant funds are used towards employee costs, a copy <br />of the business’ NC Employment Security Commission reports or IRS 941 Payroll quarterly <br />reports shall be provided to the County as evidence of compliance. <br />• As a condition of receiving grant funds, Grant recipients may be asked to commit to mentoring, <br />and if asked shall do so, with an experienced business coach or mentor at one of the following: <br /> <br /> <br />➢ SCORE Chapel Hill (Service Corps of Retired Executives) <br />104 S. Estes Drive, Chapel Hill, NC 27516 <br />(919) 240-7765 <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 <br />http://www.sbtdc.org/offices/unc/#sthash.UJQjZW0L.dpuf <br /> <br />➢ The Small Business Center (Durham Technical Community <br />College) <br />The Chesterfield <br />701 W. Main Street, Suite 203, Durham, NC 27701 <br />919-536-7241 <br />https://www.durhamtech.edu/small-business-center <br />DocuSign Envelope ID: AB7E996A-B11F-4289-9903-7443BA90A4DD
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