Browse
Search
2023-622-E-Economic Dev-JABIN-Business Investment Grant
OrangeCountyNC
>
Board of County Commissioners
>
Contracts and Agreements
>
General Contracts and Agreements
>
2020's
>
2023
>
2023-622-E-Economic Dev-JABIN-Business Investment Grant
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/21/2023 9:52:06 AM
Creation date
11/21/2023 9:51:56 AM
Metadata
Fields
Template:
Contract
Date
11/3/2023
Contract Starting Date
11/3/2023
Contract Ending Date
11/6/2023
Contract Document Type
Grant
Amount
$5,000.00
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
13
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Revised 1/23 <br /> <br />recommendations. The Subcommittee will be comprised of 5 members from the Orange Count y <br />Economic Development Advisory Board. <br /> <br />The Subcommittee Chair, elected by the Subcommittee, shall generally monitor the duties of the Grant <br />Program administration; make sure grant proposals are properly prepared prior to their presentations at <br />the Subcommittee meetings, with the assistance of County staff if needed. <br /> <br />The Subcommittee will have the following responsibilities: <br />• Find creative ways to grant funds to stimulate successful Business Investment development and <br />job creation. <br />• Review grant applications quarterly and, determine which applications meet eligibility <br />requirements and whether an eligible application will be approved, approved with conditions, <br />submitted to the applicant for more information, or denied funding. <br />• Periodically review status of existing grants to determine if funds are being used in the manner in <br />which they were intended, and recommend appropriate corrective action where needed. <br />• Evaluate grant application requirements and make appropriate adjustments as needed to <br />accomplish the objectives of the program. <br />• Conduct annual review of grants and their impact on the County’s Business Investment <br />environment. <br />• Provide explanation of why grant was not approved, if requested. <br /> <br />GRANT PROGRAM ADMINISTRATION <br />The Grant Program will be administered by a Subcommittee consisting of five members from the <br />Orange County Economic Development Advisory Board. The Subcommittee will meet quarterly to <br />make and facilitate grants. A quorum will consist of 3 voting members of the Subcommittee. As outlined <br />in the Orange County Advisory Board Ethics Guidelines, a member shall disc lose any potential conflict <br />of interest and request to be excused from voting when there is a conflict of interest. County staff may <br />be utilized to service grants, including receiving applications, notifying applicants of the Subcommittee’s <br />decision, making payment to grant recipients, and generating administrative reports. <br /> <br />DEADLINES (of each year by 5:00 pm) <br />• March 31 <br />• June 30 <br />• September 30 <br />• December 31 <br /> <br />FUNDING <br />The County will provide funding for the Grant Program through revenues generated from the Orange <br />County quarter cent sales tax. <br /> <br />COMMITMENT PERIOD <br />The County will support the Program until funding is exhausted; demand for the Program no longer <br />exists, or until it is no longer financially feasible. <br /> <br />ELIGIBILITY <br />• Applicant’s business must be located in Orange County in areas zoned appropriately for their <br />use. <br />• Applicant’s business must be in operation, generating sales/revenue, for at last 6 -months prior <br />to the application deadline to be eligible for the Small Grant, and for at least 12-months for the <br />Large Grant Program. The Startup Grant Program is intended to serve applicants that have <br />been in operation for less than 6-months and have a connection with business counseling <br />services through organizations such as Launch, Piedmont Food Processing Center, Midway <br />Business Center, Small Business and Technology Development Center (SBTDC), Service <br />Corps of Retired Executives (SCORE), Durham Tech Small Business Center etc. <br />DocuSign Envelope ID: D3DBAE09-9AC9-4FA9-95A1-8B195D90B77A
The URL can be used to link to this page
Your browser does not support the video tag.