Orange County NC Website
Browse       Search
Revised 1/24 <br /> <br />will include a request for proof of expenditures made including copies of receipts and/or photos <br />of the equipment or facility upgrades made. If grant funds are used towards employee costs, a <br />copy of the grant recipient’s NC Employment Security Commission reports or IRS 941 Payroll <br />quarterly reports shall be provided to the County as evidence of compliance. <br /> <br />9. As a condition of receiving grant funds, grant recipients may be asked to commit to a mentoring <br />period as detailed above (CONDITIONS OF RECEIVING A GRANT). <br /> <br />10. If an grant recipient fails to complete items #8 and #9 in a timely manner, as the County in its <br />discretion may determine, the County has the right to require all grant funds back from the grant <br />recipient and the grant recipient shall return the grant funds to the County within thirty (30) days <br />of the County’s written request for such funds. Upon failure of the grant recipient to return the <br />funds, the County may initiate legal proceedings against the grant recipient. Failure to complete <br />items #8 and #9 shall make the grant recipient ineligible for future funding opportunities through <br />the County. <br /> <br />11. The Subcommittee shall provide annual reports to the Economic Development Department and <br />the BOCC of the number of grants requested, approved and denied, and a 2-3 page written <br />analysis of the program’s success metrics to date. <br /> <br />12. Documents, including but not limited to financial statements, business plans, customer and <br />supplier lists, description of inventory or assets, contractual obligations and existing liabilities, <br />submitted during the application process shall be treated as confidential information. <br /> <br />Exhibit B <br />Additional Terms <br /> <br />These grant funds may be used towards the equipment, supplies and QuickBooks software <br />that was outlined in the proposal. As a condition of receiving the grant funding, the grant <br />committee is requiring that you complete 2-hours of Business Counseling from one of our <br />partners: SCORE (Service Corps of Retired Executives), SBTDC (Small Business & <br />Technology Development Center) or The Small Business Center (Durham Technical <br />Community College). <br /> <br />DocuSign Envelope ID: 36A3B39E-C5F4-48E0-B875-4D896C3E469C