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Inc. Agreement <br /> <br />Revised 1/24 <br /> <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 /> <br />➢ Launch, Inc.(by application) <br />321 W Rosemary St, Chapel Hill, NC 27516 <br />(919) 240-7765 <br />http://www.launchchapelhill.com/ <br />info@launchchapelhill.com <br /> <br />➢ 1789 Venture Lab (by application) <br />173½ East Franklin Street, Chapel Hill, NC 27514 <br />http://1789venturelab.com/ <br />1789management@gmail.com <br /> <br />➢ A mentor approved by the Subcommittee <br /> <br />ELIGIBLE USES OF GRANT PROCEEDS <br />• Working capital or operational funds to be used for a specific purpose; to include expenses <br />such as marketing, advertising and inventory etc. <br />• Purchase of equipment, or machinery. <br />• Expansion of business services or products. <br />• Work force expansion; to include employee salary (at or above the Orange County living wage) <br />• Tenant up-fit or leasehold improvements.*Not an eligible use for start-up grant funds <br /> <br /> <br />GRANT PROCEEDS SHALL NOT BE USED FOR THE FOLLOWING <br />• Towards the cost of any tax implications of receiving the grant funds <br />• Re-granting funds and/or utilizing funds to cover a product or service that would be donated by <br />the grant recipient <br />• Paying off or reducing existing bank debt or investor loans <br />• Purchase of equipment or improvement of real estate, which are used or to be used for <br />DocuSign Envelope ID: 7A259195-1E3C-4D7F-8C6C-2E72E97BD699